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Note 14. FUND CHANGES (Continued) <br />Expendable Trust Fund <br />Self - Funding Insurance <br />Note 15. LITIGATION <br />Note 16. COMMITMENTS <br />Note 17. SUBSEQUENT EVENTS <br />CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1991 <br />At the present time, there is no significant litigation pending which is <br />not covered by the City's insurance. <br />During the year, the City contracted for several capital projects. At <br />year -end, the total unearned construction contracts totaled approximately <br />$1,050,000. <br />In January 1992, the City issued $1,525,000 worth of General Obligation <br />Temporary Improvement Bonds and $620,000 worth of General Obligation <br />Improvement Bonds. The bonds have interest rates varying from 3.50% to <br />5.25% and have a final maturity date of 2/1/2001. <br />