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CZty ~ap~al Project Fund #425 and ~×pendable Trust Fund ~805 <br /> I I City of Ramsey Park Funds <br /> rBy: Sandra Ashley Belling, Finance Officer <br /> <br />Background:~ <br /> <br />The City ~as l~wo funds for park capital or improvemen~ funding. The first <br />~und (numerically) is the Capital Pro~ec~ Fund 942E. The purpose of this fund <br />is to acoo~nt'i~or the acqulsit~on of park land expenditures and costs related <br />to the ImproVement of parks within ~he City. The second fund, *805 is the <br />City'~ Ex~endable Park Improvement Trusl Fund which is used %o account for <br />~l~ par~ ~ii~ion fees. ' <br />Attached:i <br /> <br />interim. Finanolal Report for Fund %805. <br />Observa~i~ns[ <br />Thc lnter~ " ~' ' E~nan~al Repcr% as of 9/30/92 <br />Trus5 Bai~ncei As cf t~i£ wrltln~, %ne available balance in %hzs ~und is <br />$50,039.33! TBis will increase somewha~ upon finalization of proDect costs <br />~unded in mgic, an~ the revised balance wL_l De broucht Dack %c une Budcet <br />Committee' ~n t[he near term. <br /> <br />ir. ~ 990 ~ble R~msey S£tv Council approved an inter-fund loan from %~e Trust <br />Fund tc th~ ca~itai Fund for so,thai! fields at Central Park. I~ was e~:pec~ed <br />that a Donning zssue or some other revenue ShOUld would repay tnls loan a% a <br />~u%ure Gat&. <br /> <br />:.?~aff Re~o~e~ ndation: <br /> <br />it ~z reco~e~ed the Inter~und Loan beuween %he ~mDrovemen% Fund and CaD~%al <br />~_~ e ..... h~ De ~an_e~e ..... n~ !992. Thi£ w <br />%~e EaDi%~ ~nc as compared ~c ~he curren~ ' <br /> <br />Budget CO~tee Ac=ion: <br /> <br /> <br />