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CITY OF ST. ANTHONY, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2014 The City reports the following major governmental funds: The General Fund is the government's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Street Improvement Debt Service Fund was established to account for debt associated with a systematic plan to reconstruct substandard residential streets and alleys. Annual debt service payments are funded through special assessments and tax levies. The HRA Debt Service Fund was established to account for debt associated with Tax Increment Financing Districts of the City. The Street Improvement Projects Fund was established to account for the construction costs for annual road reconstruction projects. The HRA Projects Fund was established to account for the construction and redevelopment costs within the City. The 2012 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Belden Drive and Coolidge Street between 34' and 361 Avenues, 35' Avenue between Belden Drive and Harding Street and miscellaneous sanitary sewer and stormwater repairs. The 2014 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Penrod Lane between 36' and 37th Avenues, Edgmere Avenue between Penrod Lane and Chelmsford Road, and Wenhurst Avenue between Penrod Lane and Chelmsford Road. The 2015 Street Improvement Project Fund accounts for the construction costs associated with reconstruction of 3611 Avenue between Highcrest Road and Silver Lake Road and Chelmsford Road between 361 and 37' Avenue, the mill and overlay of Saint Anthony Boulevard between Highway 88 and Ridgeway and reconstruction of Coolidge area alley and certain stormwater improvements. The 2016 Street Improvement Project Fund accounts for the construction costs associated with the reconstruction of Stinson Boulevard between 371 Avenue and Silver Lane, sidewalk improvements, railroad crossing improvements and street lighting improvements. The Silver Lake Road Bond Fund was established to account for the debt service associated with the reconstruction and infrastructure improvements of Silver Lake Road. The City reports the following major proprietary funds: The Liquor Fund is an enterprise fund that is used to account for operations of the City's off -sale liquor operation. The Water and Sewer Fund accounts for the water and sewer service charges which are used to finance the water and sewer system operating expenses, and the operation and maintenance of the City's water purification plant. 43