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$550,000E- <br />$, oo.000 <br />$450,000 m• <br />$400:000 <br />S35o,000 <br />poo;ooa <br />$250.01 0 <br />5200,Od0-. <br />.S150,000 •j•• <br />JAN. FE& <br />YEARLY EXPENDITURE COMPARISION <br />APR. MAY JUN. J[JL. AUG. SEP. <br />L12.2005 $ 2007 C1 zoos p 2009 <br />NOV. DEC. <br />The only activity the. Parks and Playgrounds Fund had during the first quarter was the <br />allocation of interest earnings from the pooled investments fund. <br />The City's maintains three debt funds: the 2004 and 2006 Bonds which were issued for <br />road and sewer improvements and are paid by special assessments and the 2007 <br />Bonds which were issued for the construction of Heritage Hall and are paid through <br />property taxes. There were principal and interest payments totaling $93,836 paid in the <br />1st quarter. The second half debt payment will be due August 1 st. The second half <br />payment will be for principal of $27,326 and interest of $30,230 for a total payment. of <br />$57,556 <br />The. City currently has no active construction funds. The City Hall Construction fund <br />currently carries a deficit balance that will be satisfied with a budgeted transfer from the. <br />General Fund from the property tax levy for 2009. <br />The City's Sewer Fund. 1st quarter financial information is..as follows: <br />Revenues <br />Expenditures <br />2008 <br />1st Quarter <br />$ 16,443 <br />$ 6,.517 <br />2009 <br />15t Quarter Budget <br />$ 42,.130 <br />$ 17,728 <br />2009 <br />1st Quarter <br />$ 11,484 <br />$ 5,677 <br />% Received <br />Spent <br />27.26% <br />32.02% <br />