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The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end of the current fiscal year, unassigned fund balance of the General Fund was 2,384,345, while total fund balance reached $2,475,481. As a measure of the General Fund's liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 37.2% of total General Fund expenditures and total fund balance represents 38.6% of that same amount. During the current fiscal year, the fund balance in the General Fund increased by $326,942. The Street Improvement Debt Service Fund decreased by $1,225,715 as debt was refinanced in 2012 and proceeds were used for retirement of debt in early 2014. The HRA Debt Service Fund decreased by $31,079 as annual debt service requirements included a pay down of debt associated with the refunding of 2007 tax increment debt. The Street Improvement Project Fund decreased by $152,271 substantially due to the closing transfer of street improvement fund to the related debt service fund. The HRA Projects Funds decreased by $412,048 substantially due to the refunding of 2007 tax increment debt which debt reserves for revenue bonds were used to pay down debt. The 2012 Street Improvement Project fund decreased by $12,661 due to final construction costs and remaining funds transferred to related debt service fund. The 2014 Street Improvement Project fund increased by $169,220 due to the receipt of 2014 bonding proceeds less current construction expenditures. The 2015 Street Improvement Project fund decreased by $130,223 due to preliminary engineering costs prior to construction, 2015 bonding proceeds will be used to repay these preliminary expenditures. The 2016 Street Improvement Project fund decreased by $68,773 due to due to preliminary engineering costs prior to construction, 2016 bonding proceeds will be used to repay these preliminary expenditures. Non -major Special Revenue Funds decreased by $6,731 to a balance of ($104,210) substantially due to deductible cost associated with lightning strike damage at the Community Center building. Non -major Debt Service Funds had a total fund balance of $1,996,027, all of which is restricted for the payment of debt service. The net increase in fund balance during the current year in the non -major debt service funds was $180,424, of which $44,046 represents the addition of the 2014 Street Improvement Bond Fund. Non -major Capital Project Funds had a total fund balance of $1,058,067, a decrease of $460,994, substantially due to the construction expenditures related to the Salo Park stormwater treatment system. 22