Laserfiche WebLink
Road Improvement Construction Fund - $194,441 <br />This fund provides record keeping and funding for the reconstruction of City streets. The <br />fund receives proceeds from bond sales and payments are made to contractors, <br />consultants and engineers for specific street improvement projects. <br />Revolving Fund - ($50,804) <br />The Revolving Fund is the fund, which serves as general improvement fund. Each year <br />the City Council dedicates the use of this fund to various projects such as park <br />improvements, capital equipment purchases, computer technology, street improvements <br />and contingencies for emergency expenditures. Funding is primarily from the transfers <br />of general fund reserves generated from cost effective budgeting and controls. <br />Building Improvement Fund - $1,822 <br />The Building Fund is a relatively new fund, which serves as an improvement fund for <br />City buildings. The fund was established in 2004 to provide funding for infrastructure <br />and non-recurring maintenance costs for City owned buildings and structures throughout <br />the Village. Funding is primarily from the transfers from the General Fund and profits <br />from Liquor Operations. <br />2009 Street Improvement Construction Fund - $18,186 <br />This fund provides record keeping and funding for the reconstruction of Chandler Drive <br />and Foss Road. The fund received proceeds from the sale of the 2009A - $2,630,000 <br />improvement bond. From the proceeds, payments are made to contractors, consultants <br />and engineers for the road improvement project. <br />2009 Road Improvement Bond Fund - $462,660 <br />The 2009 Road Improvement Bond Fund is a restricted use fund, which is part of the <br />City's on-going road improvement projects plan. To fund the initial project, the City <br />issued Road improvement bonds totaling $2,630,000. The road improvement levy and <br />special assessments fund the re -payment of the debt associated with the sale of the <br />bonds. <br />2010 Street Improvement Construction Fund - ($17,906) <br />This fund provides record keeping and funding for the reconstruction and utility <br />improvements to Silver Lane and a mill and overlay to Old Highway 88. This is a joint <br />project between the City of St. Anthony, New Brighton and Roseville. The fund received <br />proceeds from the sale of the 2010A - $1,375,000 improvement bond, New Brighton's <br />share totals $549,200 and Roseville's portion for the mill and overlay totaled $54,400. <br />From these proceeds, payments are made to contractors, consultants and engineers for <br />the road improvement project. <br />110 <br />