1998 CAFR - Laserfiche WebLink

Home

Future Sealcoating Fund The Future Sealcoating Fund is used to account for contributions from developers and property owners for future sealcoating projects. The fund balance was $148,462 on December 31, 1998, which represented a decrease of $89,770 from the prior year. Peace Officers Fund The Peace Officers Fund was set up to account for public. safety restricted revenues which must be used exclusively for public safety expenditures and other expenditures as specified in conjunction with confiscations; and the annual bike road-eo. On December 31, 1998, .the fund balance was $9,025, .compared to $34,374. on December 31, 1997. Lawful Gambling Fund The Lawful Gambling Fund was established to account for lawful gambling revenues received and lawful purpose expenditures made by the City as authorized by Minnesota Statutes Chapter 349. The fund balance as of December 3 1, 1998 was $157,853, which represents an increase of $22,062 over the balance at December 31, 1997. Tree and Sod Escrow Fund The Tree and Sod Escrow Fund is used to account for escrows collected from developers or builders to guarantee installation of trees and/or sod as required in the City code. On December 31, 1998, the fund balance was $0. Equipment Revolving Fund The Equipment Revolving Fund is used to account for resources to finance the replacement of City equipment, vehicles, and/or building facilities. The fund balance was at $3,507,632 on December 31, 1998, compared to $3,025,044 for 1997. Economic Development Authority Fund The Economic Development Authority Fund was established to account for all revenues and expenditures associated with economic development activities within the City. On December 31, 1998, the fund balance was $333,656, compared to $349,971 at December 31, 1997. Developer's Fee Fund The Developer's Fee Fund was established to account for demand fees that will be used for storm water management. On December 31, 1998, the fund balance was $ 130,703, compared to $123,145 in 1997. -xv-