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2009 Street Improvement Construction Fund (511) - ($28,339) <br />This fund accounted for the costs associated with the reconstruction of Chandler Drive and Foss <br />Road. The reconstruction costs were funded by the 2009A - $2,630,000 improvement bond and <br />special assessments. The 2011 deficit fund balance was retired by transfer from the Revolving Fund <br />and the fund was closed as of 12/31/2012. <br />2009 Street Improvement Bond Fund (512) - $462,660 <br />The 2009 Street Improvement Bond Fund was established to provide debt financing for the 2009 <br />street improvements. The $2,630,000 debt issuance will be repaid with funds derived from the <br />Road Improvement Levy and special assessment collections. The debt will be fully retired by 2025. <br />2010 Street Improvement Construction Fund (513) - $21,737 <br />This fund accounted for the costs associated with the reconstruction of Silver Lane the mill and <br />overlay of Old Highway 88. The reconstruction costs were funded by the 2010A - $1,375,000 <br />improvement bond and special assessments. The projects were fully completed by 2012 therefore <br />the remaining fund balance was transferred to the associated debt service fund and the capital <br />fund was closed as of 12/31/2012. <br />2010 Road Improvement Bond Fund (514) - $73,494 <br />The 2010 Street Improvement Bond Fund was established to provide debt financing for the 2010 <br />street improvements. The $1,375,000 debt issuance will be repaid with funds derived from the <br />Road Improvement Levy and special assessment collections. The debt will be fully retired by 2026. <br />2011 Street Improvement Construction Fund (515) - $189,591 <br />This fund accounted for the costs associated with the reconstruction of Beldon Drive, Coolidge <br />Street, Harding Street and Edward Street from 37th Avenue NE to 36th Avenue NE. The <br />reconstruction costs were funded by the 2011A - $1,940,000 improvement bond. The fund balance <br />will be used to pay any final project expenses and retire the retainage held; the remaining funds <br />will then be transferred to the associated debt service fund. <br />2011 Road Improvement Bond Fund (516) - $211,695 <br />The 2011 Street Improvement Bond Fund was established to provide debt financing for the 2011 <br />street improvements. The $1,940,000 debt issuance will be repaid with funds derived from the <br />Road Improvement Levy, special assessment collections and fund balance. The debt will be fully <br />retired by 2027. <br />Community Services/City Hall Fund (601) - $124,956 <br />The Community Services /City Hall Fund is used to fund the operation and maintenance of the <br />City Hall building. Funding is comprised of annual rent charges of $125,000 from I.S.D. #282 for <br />the Community Services portion of the building and a rent transfer from the General Fund for the <br />segment of the building used for City Hall. Budgeted rent transfer for 2013 is $70,150. Fund <br />balance transfers will prospectively provide for City Hall capital improvements via the Building <br />Improvement Fund. <br />Water & Sewer Fund (701) - $3,680,397 <br />The Water & Sewer Fund is an enterprise fund used to provide water and sewer services to the <br />community. Funding for operation and maintenance of the system is provided on a user -fee basis, <br />which is based on consumption of water. <br />68 <br />