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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, 2016
<br />With Comparative Totals For The Year Ended December 31, 2015
<br />2014 Street
<br />Improvement
<br />Fund
<br />2015 Street
<br />Improvement
<br />Fund
<br />2016 Street
<br />Improvement
<br />Fund
<br />2017 Street
<br />Improvement
<br />Fund
<br />2016 2015
<br />Revenues:
<br /> Intergovernmental $ - ($11,585) $214,020 $ - $202,435 $31,123
<br /> Special assessments - - 31,125 - 31,125 261,452
<br /> Investment income - 4,025 1,830 - 5,855 9,763
<br /> Refunds and reimbursement - - 1,094,828 - 1,094,828 70,007
<br /> Total revenues 0 (7,560) 1,341,803 0 1,334,243 372,345
<br />Expenditures:
<br />Debt service:
<br /> Issuance costs - - 79,844 - 79,844 58,053
<br />Construction/acquisition costs 285 118,866 2,527,296 158,504 2,804,951 3,130,132
<br /> Total expenditures 285 118,866 2,607,140 158,504 2,884,795 3,188,185
<br />Revenues over (under) expenditures (285) (126,426) (1,265,337) (158,504) (1,550,552) (2,815,840)
<br />Other financing sources (uses):
<br /> Bonds issued - - 2,879,262 - 2,879,262 2,536,018
<br /> Premium on debt issued - - 69,485 - 69,485 78,034
<br /> Transfers in - - - - - 100,000
<br /> Transfers out - - - - - (191,319)
<br /> Total other financing sources (uses)0 0 2,948,747 0 2,948,747 2,522,733
<br />Net change in fund balance (285) (126,426) 1,683,410 (158,504) 1,398,195 (293,107)
<br />Fund balance (deficit) - January 1 2,452 275,475 (550,362) - (272,435) 20,672
<br />Fund balance (deficit) - December 31 $2,167 $149,049 $1,133,048 ($158,504) $1,125,760 ($272,435)
<br />Total Street Improvement
<br />Project Fund
<br />145
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