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iTY OF RAMSEY, ' MINNESOTA <br />� 9 <br />NUAL . BIDGET <br />BUDGET COMMENTS <br />ADDITIONAL BUDGET INFORMATION <br />Acct. No. $03-4957 <br />FUND TRANSFERS <br />Line Item 70: Transfer to, the General Fund to cover the following costs in <br />$ond Fund W3 0=) which:covers covers bond issue 9-1-79 ($950M) <br />1. Covers cost of maintaining general accounting, on special,. <br />assessments bond fund issue. <br />2. Covers cost of audit of bond issue-9-1-79 ($950M). <br />INSTRUCTIONS: The following; administrative. `guidelines are 'established for <br />this fund: <br />1. ,Revenue - The revenue generated for this trust fund will.. <br />come from all public improvement .bond issues that are to "be, <br />paid through special assessments,:. -•There will' be' levied on 'all <br />such :bond, issues a surcharge. whichwill be computed, into"the''_ '. <br />bond.issue'. Upon'receipt of bond money,.. the `surcharge will be' <br />transferred • to this fund... It will be incumbent upon the . City's <br />Chief Accountant to keep a subsidiary revenue ledger on each:. <br />bond surcharge on the principal and interest for the duration <br />of the bond issue. <br />2. Expenditure` - It •will be encumbent.. upon the ,Ch .e '.,:4cepu atant <br />to establish an .estimated .amortized ::cost :.schedule `':for:.,eachs:rear. <br />Of. the.: duration of each bond issue` surcharge', that 'w'.l.l° be trans- <br />ferred •to the general fund"•to cover the .following•'costs'that. <br />are generated in,that fund bond issue <br />a. Covers cost of annual audit. <br />Covers miseellaneotis legal costs that :nay occur <br />e.. Covers general costs such as public hearings, certi- <br />fication -of assessments and .general accounting costs. <br />99.: <br />