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CITY OF RAMSEY, MINNESOTA <br /> DEBTTSERVICE FUNDS <br />COMBINING STATEMENT OF REVENUE., EXPENDITURES, AND CHANGES IN FUND BALANCE (Continued) <br /> Year Ended December 31, 1990 <br />(With Comparative Totals for Year Ended December 31, 1989) <br /> <br /> 1987A ~~ 19878 / <br />~ <br />~ 1987C ~ <br />~ <br />~ <br /> Tax <br />Tax ~ Tax g <br />1989A 31 <br /> Incre- Incre- Incre- Improve- <br />. ment ment <br />Bonds Bonds ment <br />Bonds ment <br />Bonds <br />Revenue: <br />Property taxes $ - $ - $ - $ - <br />Special assessments 5,879 - - 5,559 <br />Intergovernmental revenue - <br />Homestead credit - - - - <br />Interest earned on investments <br />Total Revenue 5,874 - - 5,559 <br />Expenditures: <br />Debt service - <br />Principal retirement 50,000 10,000 l 15,000 - <br />Interest and fiscal charges 191.039 99,211 - 16,590 21,961 <br />Total Expenditures 241.039 54.211 31.590 2.961 <br />Excess (Deficiency) of <br />Revenue Over Expenditures (235,160) (59,211) (31,590) (16,902) <br />Other Financing Sources: <br />Proceeds of bond issues <br />EXCESS (DEFICIENCY) OF REVENUE <br />AND OTHER FINANCING SOURCES <br />OVER EXPENDITURES $ (235,160) $ (59,211) $ (31,590) $ (16,902) <br />Fund balance (deficit) - <br />beginning of year 149.029 (90,289) (5,782) 1,590 <br />Fund Balance (Deficit) - <br />End of Year S (91,131) S (99.500) _$ (37.322) ~ (19.812) <br />-61- <br />