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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1988 <br />Note 6. TAX INCREMENT FINANCING DISTRICTS (continued) <br />Bonds issued and outstanding as of December 31, 1988: <br />Development District I: <br />General obligation - <br />Tax increment bonds of 1985 <br />Tax increment bonds of 1987A <br />Tax increment bonds of 1987B <br />Development District II: <br />General obligation - <br />Tax increment bonds of 1987C <br />Note 7. DEPOSITS PAYABLE <br />Total Bonds Issued $ 3,460,000 <br />A summary of the changes in platting fees and performance bonds <br />deposited with the City during 1988 and accounted for in the Escrow <br />Fund, an Expendable Trust Fund, is as follows: <br />Total deposits payable <br />January 1, 1988 <br />Add deposits received <br />Less fees retained by <br />the City <br />Total Deposits Payable <br />December 31, 1988 <br />$ 100,000 <br />2,800,000 <br />400,000 <br />160,000 <br />$79,921 <br />50,284 <br />31,998 <br />$98,207 <br />Total <br />$ 3,300,000 <br />160,000 <br />