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2010 Road Improvement Bond Fund - $73,494 The 2010 Road Improvement Bond Fund is a restricted use fund, which is part of the City's on-going road improvement projects plan. To fund St. Anthony's portion of the project, the City issued Road improvement bonds totaling $1,375,000. The road improvement levy and special assessments fund the re -payment of the debt associated with the sale of the bonds. 2011 Street Improvement Construction Fund - ($161,621) This fund provides record keeping and funding for the reconstruction of Beldon Drive, Coolidge Street, Harding Street and Edward Street from 37th Avenue NE to 36th Avenue NE. The fund received proceeds from the sale of the 2011A - $1,940,000 improvement bond. From the proceeds, payments are made to contractors, consultants and engineers for the road improvement project. Community Services/City Hall Fund - $90,949 The Community Services/City Hall Fund is used to fund the operation and maintenance of the City Hall building. Funding is comprised of annual rent charges of $100,000 from I.S.D. #282 for the Community Services portion of the building and a rent transfer from the General Fund for the segment of the building used for City Hall. The $2,650,000 bonds issued in 1995 were paid off in February of 2004 and all financial obligations for the building have been paid in full. Water & Sewer Fund - $3,246,088 The Water & Sewer Fund is an enterprise fund used to provide water and sewer services to the community. Funding for operation and maintenance of the system is provided on a user -fee basis, which is based on consumption of water. In 1998, reserves from the Water and Sewer Fund provided funding for the restoration of the Water Tower at 33rd and Silver Lake Road. In addition, $350,000 was dedicated in 2000 for water main improvements to the Silver Lake Road Bridge Project, Storm Water Fund - ($7,730) The Storm Water Fund was developed in recent years to provide funding for improvements to the City's stormwater system for 100 -Year flood protection. Funding comes from a variety of sources including, storm water fees charged to residential and commercial entities, State and County grants, transfers from other funds and interest earnings. Recent projects funded by the Stormwater Fund include the Silver Point Park Project, Harding Street Holding Pond Project and a portion of the 29th Avenue Street Improvement Project. It is anticipated that a large part of the renovations have been completed however, reconstruction of the City's stormwater system will continue for the next several years as part of the annual street improvements. ill