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CITY OF ST. ANTHONY, MINNESOTA
<br />SCHEDULE OF REVENUES, EXPENDITURES AND Exhibit 8
<br />CHANGES IN FUND BALANCE
<br />STREET IMPROVEMENT PROJECT FUND
<br />For The Year Ended December 31, 2015
<br />2013 Street
<br />Improvement
<br />Fund
<br />2014 Street
<br />Improvement
<br />Fund
<br />2015 Street
<br />Improvement
<br />Fund
<br />2016 Street
<br />Improvement
<br />Fund
<br />Total Street
<br />Improvement
<br />Project Fund
<br />Revenues:
<br /> Intergovernmental $ - $ - $31,123 $ - $31,123
<br /> Special assessments - 11,452 250,000 - 261,452
<br /> Investment income 2,204 340 7,219 - 9,763
<br /> Refunds and reimbursement - - - 70,007 70,007
<br /> Total revenues 2,204 11,792 288,342 70,007 372,345
<br />Expenditures:
<br />Debt service:
<br /> Issuance costs - - 58,053 - 58,053
<br />Construction/acquisition costs - 139,893 2,438,643 551,596 3,130,132
<br /> Total expenditures 0 139,893 2,496,696 551,596 3,188,185
<br />Revenues over (under) expenditures 2,204 (128,101) (2,208,354) (481,589) (2,815,840)
<br />Other financing sources (uses):
<br /> Bonds issued - - 2,536,018 - 2,536,018
<br /> Premium on debt issued - - 78,034 - 78,034
<br /> Transfers in - 100,000 - - 100,000
<br /> Transfers out (191,319) - - - (191,319)
<br /> Total other financing sources (uses) (191,319) 100,000 2,614,052 0 2,522,733
<br />Net change in fund balance (189,115) (28,101) 405,698 (481,589) (293,107)
<br />Fund balance (deficit) - January 1 189,115 30,553 (130,223) (68,773) 20,672
<br />Fund balance (deficit) - December 31 $0 $2,452 $275,475 ($550,362) ($272,435)
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