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16
<br />CITY OF ST. ANTHONY, MINNESOTA
<br />SPECIAL ASSESSMENT FUND
<br />STATEMENT OF CHANGES IN FUND BALANCE
<br />YEAR ENDED DECEMBER 31, 1977
<br />Construction Debt Service.
<br />Total account accounts
<br />Fund balance (deficit) January 1, 1977 $591,036 $(80,489) $671,525
<br />Adjustment for interest recorded on
<br />assessments recertified (13,040) 13 0.40)
<br />Fund balance (deficit) January 1, 1977
<br />after adjustment 577,996 $(80,489) $658,485
<br />Additions:
<br />State of Minnesota - Construction aid
<br />$ 50,790
<br />$ 50,790
<br />Refinance construction account
<br />108,649
<br />108,649
<br />$ 52,648
<br />Interest on special assessments
<br />50,884
<br />$ 50,884
<br />Increase in special assessments
<br />112,042
<br />112,042
<br />General property taxes
<br />14,687
<br />14,687
<br />Interest earned
<br />43,505
<br />1,890
<br />41,615
<br />Refunds and reimbursements
<br />1,149
<br />1,149
<br />21,399
<br />Transfer to other funds
<br />$381,706
<br />$162,478
<br />$219,228
<br />Deductions:
<br />Improvement costs
<br />$ 4,026
<br />$ 4,026
<br />Interest expense
<br />52,648
<br />$ 52,648
<br />Service charges
<br />512
<br />512
<br />Contractual services
<br />1,375
<br />1,375
<br />Refunds
<br />224
<br />224
<br />Refinance construction account
<br />108,649
<br />108,649
<br />Decrease in special assessments
<br />21,399
<br />21,399
<br />Transfer to other funds
<br />General Fund
<br />154,182
<br />154,182
<br />State -aid Construction Fund
<br />69,490
<br />69,490
<br />$412,505
<br />73,516
<br />$338,989
<br />Fund balance December 31, 1977
<br />47 97
<br />8 47
<br />8 7
<br />See accompanying notes to financial statements.
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