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<br />CITY OF RAMSEY, MINNESOTA <br />' NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1989 <br />Note 11. RESERVES AND DESIGNATED FUND EGtUITY (continued) <br />Debt Service Funds - <br /> Debt service designation for $2,485,382 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 changes <br /> in contributed capital during 1989 is as follows: <br />' Total. Contributed capital, January 1, 1989 $1 , 9 4 8 , 5 0 6 <br /> Add current capital contributions 2.020.652 <br />' Total Contributed Capital, December 3, 1989 $ 3 , 9 6 9 ,15 8 <br /> Since there is only one Enterprise Fund, alt segment information pertinent to <br />' the fund is reflected in the financial statements. <br /> Note 13. FUND CHANGES <br /> The following funds were created during the fiscal year ended December 31, <br /> 1989: <br />' Soecial Revenu . Funris - <br />Community Development Block Grants <br /> Brush Chipping <br />' Peace Officers <br /> <br />' Debt Service Funds - <br />1989A Improvement Bonds <br /> 19896 Tax Increment Bonds <br /> 1989C Taxable Tax Increment Bonds <br /> Note 14. LITIGATION <br />' At the present time, there is no significant litigation pending which is not <br />covered by the City's insurance. <br />' -35- <br />