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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, 2017
<br />With Comparative Totals For The Year Ended December 31, 2016
<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 527
<br />2018 Street
<br />Improvement
<br />Fund 529
<br />2017 2016
<br />Revenues:
<br /> Intergovernmental $ - $ - $876,695 $ - $ - $876,695 $202,435
<br /> Special assessments - - - 216,111 - 216,111 31,125
<br /> Investment income - - 3,211 5,250 - 8,461 5,855
<br /> Refunds and reimbursement - - 209,716 - - 209,716 1,094,828
<br />Total revenues 0 0 1,089,622 221,361 0 1,310,983 1,334,243
<br />Expenditures:
<br />Debt service:
<br /> Issuance costs - - - 52,038 - 52,038 79,844
<br />Construction/acquisition costs - - 1,498,521 2,446,783 171,022 4,116,326 2,804,951
<br />Total expenditures 0 0 1,498,521 2,498,821 171,022 4,168,364 2,884,795
<br />Revenues over (under) expenditures 0 0 (408,899) (2,277,460) (171,022) (2,857,381) (1,550,552)
<br />Other financing sources (uses):
<br /> Bonds issued - - - 2,545,183 - 2,545,183 2,879,262
<br /> Premium on debt issued - - - 141,349 - 141,349 69,485
<br /> Transfers out (2,167) (149,049) (692,146) - - (843,362) -
<br />Total other financing sources (uses) (2,167) (149,049) (692,146) 2,686,532 0 1,843,170 2,948,747
<br />Net change in fund balance (2,167) (149,049) (1,101,045) 409,072 (171,022) (1,014,211) 1,398,195
<br />Fund balance (deficit) - January 1 2,167 149,049 1,133,048 (158,504) - 1,125,760 (272,435)
<br />Fund balance (deficit) - December 31 $0 $0 $32,003 $250,568 ($171,022) $111,549 $1,125,760
<br />Total Street Improvement Project
<br />Fund
<br />143
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