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$550,000 <br />$500,000 <br />$450,000 <br />$400,000 <br />$350,000 <br />$300,000 <br />$250,000 <br />$200,000 <br />$150,000 <br />$100,000 <br />$50,000 <br />$0 <br />YEARLY EXPENDITURE COMPARISION <br />JAN FEB MAR APR MAY JUN. JUL. AUG. SEP. OCT. NOV. DEC. <br />0 2007 0 2008 0 2009 ■ 2010 <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 $92,556 paid in the <br />1St quarter. The second half debt payment will be due August 1st. The second half <br />payment will be for principal of $28,347 and interest of $28,479 for a total payment of <br />$56,826 <br />The City currently has no active construction funds. The Scheuneman Road Project <br />Fund currently carries a deficit balance that will be satisfied with the receipt of special <br />assessments from property owners over time. This fund is charged interest from the <br />pooled investment fund. The City requested 100% of the turn back monies available for <br />Scheuneman and Hoffman Roads there fore there is a construction fund for Hoffman <br />Road that is accruing interest on the turn back monies until the point in time a project is <br />completed on that section of road. <br />The City's Sewer Fund 1 st quarter financial information is as follows: <br />2009 <br />2010 <br />2010 <br />% Received <br />1st Quarter <br />Annual Budget <br />1st Quarter <br />Spent <br />Revenues $ 11,484 <br />$ 51,020 <br />$ 12,113 <br />23.74% <br />Expenditures $ 5,677 <br />$ 61,997 <br />$ 8,749 <br />14.11 % <br />