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GENERAL DEB1 SERVICE FUNDS <br />Debt servi.ce funds are ueed co accoun.t for the �ccur.�ulation of resources for <br />payment of general obl.igation bGT1(IS and other indebtedness tliereon. Retirement <br />of bonds for 1977 amounted to $75,000 leaving a balance outsta�ading of $1,055,000 <br />at Decenber 31, 1977. lvo boncis were sold during the year. <br />Trust and Agency Funds <br />Title II Fund - This fund was established to zccount for proceeds received under <br />the 1976 Public Wor'r.s Act. Monies received under this program are based on the <br />amount of unemployrnent in the City and r.evenue sharing al.lotment. Moiries received <br />under this program were used to pay salaries of a ciastociiai assi_stant, a re�reation <br />clerlc-typist and a part-time clerk with the City's diseased tree program. 'Lhe fun.d <br />was closed at December 31, 1977. <br />VI1: <br />