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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1991 <br />Note 6. TAX INCREMENT FINANCING DISTRICTS (Continued) <br />Bonds issued and outstanding as of December 31, 1991: <br />Development District I: <br />General Obligation - <br />Tax increment bonds of 1985 $ 85,000 <br />Tax increment bonds of 1987A 2,700,000 <br />Tax increment bonds of 19878 380,000 <br />Tax increment bonds of 1989E 215,000 <br />Tax increment bonds of 1989C 220,000 <br />Development District II: <br />General Obligation - <br />Tax increment bonds of 1987C $ 130,000 <br />130,000 <br />Total Tax Increment Bonds Outstanding $ 3,730 000 <br />Note 7. DEPOSITS PAYABLE <br />Platting and performance deposits are accounted for in the City's Escrow <br />Fund. A summary of the 1991 changes in deposits is as follows: <br />Total deposits payable January 1, 1991 $ 210,693 <br />Add deposits received 230,411 <br />Less payments from deposit account 335,086 <br />Total deposits payable December 31, 1991 $ 106,018 <br />Note 8. INTERFUND RECEIVABLES AND PAYABLES <br />Interfund receivables and payables at December 31, 1991 are follows: <br />Funds <br />Interfund Interfund <br />Receivables Payables <br />General $ 3,300 $ <br />Capital Project <br />State -Aid Construction - <br />Tax Increment Development <br />District No. II Improvement - <br />Park Improvement Revolving - <br />Expendable Trust <br />Landfill Trust 500,000 <br />Park Improvement Trust 100,657 <br />S 603,957 $ <br />$ 3,600,000 <br />500,000 <br />3,300 <br />100, 657 <br />603, 957 <br />Total <br />