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<br /> <br />NONMAJOR DEBT SERVICE FUNDS <br /> <br />The City's Debt Service Funds are used to account for the accumulation of <br />resources for, and payment of, interest, principal and related costs of long-term <br />debt other than proprietary fund debt. The City of St. Anthony, Minnesota had <br />the following nonmajor Debt Service Funds during the year. <br /> <br />Public Facilities Revenue Bonds (311) accounts for debt service for the public <br />works building and fire station. <br /> <br />Tax Abatement Fund (502) was established to account for debt service payments <br />associated with the improvements to City parks. <br /> <br />Equipment Certificates Fund (402) was established to account for the debt service <br />related to the 2018 purchase of a fire engine. <br /> <br />HSIP Tax Abatement Fund (536) was established to account for debt service for <br />sidewalks and signal light improvements. <br /> <br /> <br /> <br />121