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<br /> <br />2012 Road Improvement Bond Fund (518) - $333,781 <br />The 2012 Street Improvement Bond Fund was established to provide debt financing for the 2012 street <br />improvements. The $2,195,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2028. <br /> <br /> <br />2013 Road Improvement Bond Fund (520) - $437,719 <br />The 2013 Street Improvement Bond Fund was established to provide debt financing for the 2013 street <br />improvements. The $1,775,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2029. <br /> <br />2014 Street Improvement Construction Fund (521) – $2,452 <br />This fund accounted for the costs associated with the feasibility and design cost associated with the <br />planned reconstruction of Penrod Lane NE from 36th Avenue NE to 37th Avenue NE; Edgemere Avenue NE <br />from Penrod Lane NE to Chelmsford Road NE; and Wendhurst Avenue NE from Penrod Lane NE to <br />Chelmsford Road NE. Upon the 2017 receipt of $25,000 of grant funding, the fund will be closed and cash <br />will be transferred to the associated debt service fund. <br /> <br />2014 Road Improvement Bond Fund (522) - $176,550 <br />The 2014 Street Improvement Bond Fund was established to provide debt financing for the 2014 street <br />improvements. The $2,070,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2030. <br /> <br />2015 Road Improvement Construction Fund (523) – $275,475 <br />The 2015 Street Improvement Project Fund accounts for the construction costs associated with <br />reconstruction of 36th Avenue between Highcrest Road and Silver Lake Road and Chelmsford Road <br />between 36th and 37th Avenue , the mill and overlay of Saint Anthony Boulevard between Highway 88 and <br />Ridgeway and reconstruction of Coolidge area alley and certain stormwater improvements. The deficit <br />fund balance was eliminated in 2015 with the receipt of bond proceeds. <br /> <br />2015 Road Improvement Bond Fund (524) - $60,803 <br />The 2015 Street Improvement Bond Fund was established to provide debt financing for the 2015 street <br />improvements. The $2,580,000 debt issuance will be repaid with funds derived from the Road <br />Improvement Levy, special assessment collections and fund balance. The debt will be fully retired by 2031. <br /> <br />2016 Road Improvement Construction Fund (525) – ($550,362) <br />The 2016 Street Improvement Project Fund accounts for the construction costs associated with the <br />reconstruction of Stinson Boulevard between 37th Avenue and Silver Lane, sidewalk improvements, <br />intersection improvements and street lighting improvements. The deficit fund balance was eliminated in <br />2016 with the receipt of bond proceeds. <br /> <br />Community Services/City Hall Fund (601) - $25,762 <br />The Community Services/City Hall Fund is used to fund the operation and maintenance of the City Hall <br />building. Funding is comprised of annual rent charges of $125,000 from I.S.D. #282 for the Community <br />Services portion of the building and a rent transfer from the General Fund for the segment of the building <br />used for City Hall. Budgeted rent transfer for 2016 is $81,800. Fund balance transfers will prospectively <br />provide for City Hall capital improvements via the Building Improvement Fund. <br /> <br /> <br />71