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2016 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />17 <br /> <br />The resulting Utility Infrastructure fund provides the City with a capital improvement fund <br />dedicated to sustaining its Water and Sewer operations capital needs. The fund sources will be <br />derived from transfers of depreciation allowances from the Water / Sewer operating funds along <br />with connection fees charged to new users of the existing utility infrastructure. With a 2016 <br />estimated ending Fund balance of 10,104,000, the City has clarified its ability to replace and <br />maintain its utility infrastructure. <br />COMPREHENSIVE REVIEW OF 2 017 -20 32 CAPIT AL FUNDS <br />With the participation of all City departments and WSB as City Engineer, the Finance <br />Department competed the updating of the 15 year Capital Funds Budget Document established <br />in 2014. The six capital funds included in the master document are: <br /> Buildings Improvement Fund <br /> Capital Equipment Fund <br /> Parks Improvement Fund <br /> Street Improvement Fund <br /> Stormwater Fund <br /> Utilities Infrastructure Fund <br />Each fund has unique sources, uses, purpose, and timelines. The documents provide a clear <br />picture of each fund’s short-term and long-term capital. In the second year of this document use <br />it has proven itself as a planning tool to ensure that all departments are equipped properly to <br />deliver a high level service to St. Anthony residents. <br />The information provided by these products has become the road map for capital funds sustainability.