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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 />ANNUAL BUDGET <br />DEPARTMENT <br />Debt Retirement <br />EXPENDITURE <br />1988 1989 <br />ACTUAL BUDGET <br />1990 <br />RECMD <br />2,934,799 3,069,896 3,306,669 <br />2,934,799 3,096,896 3,306,669 <br />ACCT. NO. <br />50-00 <br />1990 <br />ADOPTED <br />3,306,669 <br />3,306,669 <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 the City. The principal <br />sources of funding are special assessments, the ad valorem <br />property tax, and revenue from public enterprise activities. <br />Expenditure Comments: <br />A. The 1990 Debt Service requirement is up $209,773, or 6.8 <br />percent, due to a proposed Special Assessment Bond Issue for <br />the Pavement Management Program. <br />� <br />