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The remainder of fund balance is reserved to indicate that it is not available for new spending <br />because it has already been committed 1) prepaid items ($54,648), 2) to pay debt service <br />($5,022,328), and 3) to pay for tax increment projects ($1,241,212). <br />The General Fund is the chief operating fund of the City of St. Anthony, Minnesota. At the end <br />of the current fiscal year, unreserved fund balance of the General Fund was $1,471,584, while <br />total fund balance reached $1,525,433. As a measure of the General Fund's liquidity, it may be <br />useful to compare both unreserved fund balance and total fund balance to total fund <br />expenditures. Unreserved fund balance represents 28.3% of total General Fund expenditures and <br />total fund balance represents 29.3% of that same amount. <br />During the current fiscal year, the fund balance in the General Fund increased by $84,929. <br />The City's Water Filtration and Purification Fund had a total fund balance of $5,226,484. <br />The Street Improvement Debt Service Fund increased by $1,270,415 as annual debt payment <br />requirements were less than assessment collections, property tax collections, bond proceeds and <br />interest. <br />The HRA Debt Service Fund increased by $171,104 as the annual debt service requirements <br />were less than the revenue collected. <br />The Street Improvement Projects Fund decreased by $536,182 as the construction costs incurred <br />were more than the bond proceeds and other funding sources. <br />The HRA Projects Funds increased by $372,458 to a balance of $1,279,858. The key factor in <br />this was tax increment collections exceeded expenditures. <br />The Storm Water Improvement Fund decreased by $124,117 as a result of construction payments <br />for the Water Reuse Project. <br />The Silver Lake Road Project Fund decreased $236,701 as a result of the year -to -date <br />construction costs and payments to Hennepin County. <br />The 2009 Street Improvement Project Fund increased by $270,726 as a result of the sale of a <br />$2,630,000 Road Improvement Bond, payments to contractors and pending final construction <br />expenses. <br />Non -major Special Revenue Funds decreased by $22,377 to a balance of $103,616. <br />Non -major Debt Service Funds had a total fund balance of $1,127,314, all of which is reserved <br />for the payment of debt service. The net increase in fund balance during the current year in the <br />non -major debt service funds was $854,781. <br />Non -major Capital Project Funds had a total fund balance of $151,937, a decrease of $26,292. <br />X31] <br />