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' CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL. STATEMENTS <br />' December 31, 1990 <br />' Note 11. RESERVES AND DESIGNATED FUND EQUITY (Continued) <br /> The following designations of unreserved fund equity have been made at <br /> December 31, 1990: <br /> General Fund - <br /> Compensated absences. $ 91,-0 56 <br /> Working capital 1, 783,415 <br />' <br /> $ 1, 874,471 <br /> Debt Service Funds - <br /> Debt service $ 1, 826,489 <br />General Fund - <br />Compensated absences designation for $91,056 represents the estimated <br />long-term liability for compensated absences. <br />working capital designation for $1,783,415 provides for cash flow needs <br />based on the level of intergovernmental revenue received by the City. <br />Debt Service Funds - <br />Debt service designation for $1,826,489 is designated for future <br />payment of principal and interest on general obligation long-term debt. <br />Note 12. ENTERPRISE FUND INFORMATION <br />The City maintains a Water and Sewer Enterprise Fund. A schedule of <br />changes in contributed capital during 1990 is as follows: <br />Total Contributed capital, January 1, 1990 $3,696,158 <br />Add current capital contributions 275,408 <br />Total Contributed Capital, December 31, 1990 $4,244,566 <br />Since there is only one Enterprise Fund, all segment information pertinent <br />to the fund is reflected in the financial statements. <br />Note 13. FUND CHANGE <br />The following fund was created during the fiscal year ended December 31, <br />1990: <br />Fire Department Equipment Revolving <br />-31- <br />