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Note 4. <br />CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1988 <br />CHANGES IN FIXED ASSETS <br />A. Changes in General Fixed Assets <br />Changes in the General Fixed Assets Account Group were as follows: <br />Land <br />Buildings and <br />improvements <br />Other improvements <br />Office equipment <br />Motor vehicles <br />Machinery and <br />equipment <br />Note 5. LONG -TERM DEBT OBLIGATIONS <br />Balance <br />January 1, <br />1988 Additions Deletions <br />$ 279,284 $ <br />719,931 <br />329,824 <br />170,940 <br />494,107 <br />98,888 <br />Buildings and improvements <br />Machinery and equipment <br />Water and sewer lines <br />Less accumulated depreciation <br />A. Components of Long -Term Debt <br />314,400 <br />135,600 <br />123,973 <br />25,284 <br />179,082 <br />B. Water and Sewer Enterprise Fund Fixed Assets <br />$ - <br />15,250 <br />$2,092,974 $ 778,339 $15,250 <br />$ 137,651 <br />158,398 <br />1,671,969 <br />1,968,018 <br />124,076 <br />Net Property and Equipment $1,843,942 <br />Balance <br />December 31, <br />1988 <br />$ 279,284 <br />1,034,331 <br />465,424 <br />294,913 <br />504,141 <br />277,970 <br />$2,856,063 <br />Water and Sewer Enterprise Fund fixed assets at December 31, 1988, <br />were as follows: <br />Debt service expenditures for the long -term portion of compensated <br />absences and the capital lease are recorded in the General Fund. All <br />other long -term debt obligations are supported by ad valorem property <br />taxes, tax increments, and special assessments and are accounted for <br />in Debt Service Funds. The long -term debt obligations outstanding at <br />year -end are summarized as follows: <br />