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CITY OF R;.MSEY, MINNESOTA <br /> DEBT SERVICE FUNDS <br />COMBINING STATEMENT OF REV ENUE, EXPENDITk)RES, AND CHANGES IN FUND BALANCE (Continued) <br />Year Ended December 31, 1989 <br />, <br />31, 1988) <br />(With Comparative Totals for Year Ended December c,,~ <br />'~~ t6 <br /> ~''~ 1987k (~ 19876 ' <br />/ <br />~i 87C °~ <br />~ ~ 19898 <br />~ Tax ~ Tax Tax 1989A Tax <br /> Incre- Incre- Incre- Improve- Incre- <br /> ment ment <br />Bonds Bonds ment <br />Bonds ment <br />Bonds ment <br />Bonds <br />Revenue: <br />Property taxes $ - $ - $ - $ - $ - <br />Special assessments 40,914 - - - - <br />intergovernmental revenue - <br />Homestead credit - - - - - <br />Interest earned on investments 13.654 360 <br />Total Revenue 54,568 - 360 - - <br />Expenditures: <br />Debt service - <br />Principal retirement - - - - - <br />Interest and fiscal charges 189.602 40.536 14.300 <br />Total Expenditures 189.602 40.536 14.300 <br />Excess (Deficiency) of <br />Revenue Over Expenditures (135,034) (40,536) (13,940) <br />Other Financing Sources: <br />Proceeds of bond issues - - - 1,590 705 <br />Operating transfers in <br />Total Other Financing Sources 1.590 705 <br />EXCESS (DEFICIENCY) OF REVENUE <br />AND OTHER FINANCING SOURCES <br />OVEREXPENDrTURES $ (135,034) $ (40,536) $ (13,940) $ 1,590 $ 705 <br />Fund balance -beginning of year 279.063 247 8.158 <br />Fund Balance (Deficit) -End of Year $ 144.029 $ (40.289) $ (5.7821 $ 1.590 $ 705 <br />-64- <br />