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1987 Street Improvement <br />Use of Bond Proceeds thru 12/31/88 <br />Project Costs in 1987 <br />and 1988 including <br />1988 Litigation Costs (approx $7,000) $484 882 <br />Financing Costs <br />Capitalized Interest (46,500) <br />and Bond discount, etc. 52 707 <br />Unused/Unexpended bond proceeds <br />remaining at 12/31/88 77 411 <br />Total Bond Issue $615 000 <br />Prepared by: <br />Gary A. Groen, CPA <br />ABDO, ABDO & EICK <br />