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Road Improvement Construction Fund - $294,687 <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 - ($52,850) <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 - $1,821 <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 - $116,734 <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 />2010 Street Improvement Construction Fund - ($98,047) <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 />Community Services/City Hall Fund - $65,108 <br />The Community Services/City Hall Fund is used to fund the operation and maintenance <br />of the City Hall building. Funding is comprised of annual rent charges of $100,000 from <br />I.S.D. #282 for the Community Services portion of the building and a rent transfer from <br />the General Fund for the segment of the building used for City Hall. The $2,650,000 <br />bonds issued in 1995 were paid off in February of 2004 and all financial obligations for <br />the building have been paid in full. <br />W <br />