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FUND <br />Debt Retirement <br />OBJ-DESCRIPTION <br />PERSONAL SERVICES <br />SUPPLIES <br />MISC. SERVS. & CHGS. <br />CAPITAL OUTLAY <br />TOTAL <br />rav�t�t�AY�I�Ze)9Y� <br />Debt Retirement <br />EXPENDITURES <br />1984 1985 <br />ACTUAL BUDGET <br />1986 <br />RECMD <br />2,109,116 2,038,557' 2,308,884 <br />2,109,116 2,038,557 2,308,884 <br />ACCT. NO. <br />50-00 <br />1986 <br />ADOPTED <br />2,308,884 <br />2,308,884 <br />Program: Debt Retirement <br />Objective: <br />The Debt Retirement Fund provides for the payment of principle <br />and interest on all bonds issued by tne City. The principal <br />sources of funding are special assessments, the advalorem <br />property tax, and revenue from public enterprised activities. <br />Expenditure Comments: <br />l. The 1987 debt service requirement is up $270,327 or 13.26a due to <br />two items: <br />A. Initial payments on a special assessment bond issued in late <br />1985 <br />B. Initial payments on state aid hiqhway bonds being used to <br />finance construction of the bridge over 35W at County Road B-2. <br />50 <br />