HomeMy WebLinkAbout20 - Fund Equity CITY OF BROOKLYN CENTER
SCHEDULE OF RESERVATIONS AND DESIGNATIONS OF FUND BALANCES
12/31/2008
Reserved Fund Balances
General
Reserved for inventories $ 21
Reserved for prepaid items 890
TI F District No. 3
Reserved for statutory housing obligation 3
GO Improvement Bonds
Reserved for debt service 2
Infrastructure Construction
Reserved for committed contracts 426
Non Major Funds:
Special Revenue Funds
Reserved for prepaid items 7
Debt Service Funds
Reserved for debt service 2
Capital Project Funds
Reserved for advances to other funds 792
Reserved for committed contracts 63
Total Reserved Fund Balances $ 10,019,663
Designated Fund Balances
General
Designated for working capital purposes $ 7
TI F District No. 3
Designated for economic development 7
Non Major Funds
Special Revenue Funds
Designated for economic development 3
Capital Projects Funds
Designated for capital improvements 4
Total Designated Fund Balances $ 23,099,420
Undesignated Fund Balances
Infrastructure Construction (703,107)
Non Major Funds
Police Drug Forfeiture 24
City Initiatives Grant 107
Total U ndesig nated Fund Balances $ (571,353)
Total Governmental Fund Fund Balances $ 32,547,730
CITY OF BROOKLYN CENTER
SCHEDULE OF NET ASSETS
12/31/2008
Invested in capital assets:
MAJOR FUNDS:
Municipal Liquor $ 48
Golf Course 1,660, 857
Earle Brown Heritage Center 6
Water Utility 8
Sanitary Sewer Utility 9
Storm Drainage 15
Total MAJOR FUNDS 4215%243
NONMAJOR FUNDS:
Street Light Utility 413
Central Garage Internal Service Fund 3
TOTAL INVESTED IN CAPITAL ASSETS, NET OF RELATED DEBT 46,327,545
Unrestricted:
MAJOR FUNDS:
Municipal Liquor $ 1
Golf Course (786,181)
Earle Brown Heritage Center 964
Water Utility 2
Sanitary Sewer Utility 3
Storm Drainage 2
10,519,394
NONMAJOR FUNDS:
Recycling and Refuse Enterprise Fund 48
Street Light Utility Enterprise Fund 117
Central Garage Internal Service Fund 4
EE Retirement Benefit 1
EE Comp Absences (101,098)
5,545,839
TOTAL UNRESTRICTED 16,065,233
BUSINESS -TYPE ACTIVITIES
Invested in Capital Assets 42,572,360
Unrestricted-
Major Funds 10
Non -Major Funds 166
Internal Balances:
Compensated Absences (139,129)
Central Garage (2, 341)
EE Retirement (77,170)
Total Unrestricted 10,466,919
CITY OF BROOKLYN CENTER
NET ASSETS ALLOCATION
12/31/2008
Governmental Business -Type Government -
Activities Activities Wide
Net Assets: 63,965,113 53,039,279 117,004,392
Invested in Capital Assets, net of debt:
Capital Assets, net of depreciation 39, 386,221 42, 572, 360 81, 958, 581
Debt:
GO 3 3
GO Improvement Bonds 4 5
Discount/(Premium)
Deferred charges
Total debt 7 - 8
Invested in Capital Assets, net of related debt 31,423,905 42,572,360 72,993,581
Restricted:
For TI F:
Ending Fund Balance 12
Adjustments to arrive at net assets in fund:
Deferred revenue 11
Restricted for tax increment 23,077,965 - 23,077,965
For Debt Service:
Ending Fund Balance 5
Adjustments to arrive at net assets in fund:
Deferred revenue 4
Interest payable (515, 994)
Restricted for Debt Service 8,772,819 - 8,772,819
Unrestricted Net Assets 690,424 10,466,919 12060,027