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CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />Decembers!, 1998 <br />NOTE 8 - INDIVIDUAL FUND DISCLOSURES (CONTINUED) <br />° Designated for Capital Projects - These amounts in the Capital Project Funds represent fund <br />balance that has been designated for specific road, bridge, stormwater, and sewer improvement <br />projects. <br />“ Designated for Crime Prevention - The amount in the Drug and Felony Forfeiture Special <br />Revenue Fund represents fund balance that has been designated for crime prevention <br />expenditures. <br />° Designated for Capital Outlay - These amounts represent fund balances which are committed <br />to pay for capital outlay in the Special Revenue Funds. <br />° Designated for Debt Service •> These amounts represent fund balances in the Debt Service <br />Funds which are presently committed to provide financial resources to pay principal and interest <br />on the City ’s general obligation bonds. <br />° Designated for Vacation/Severance Benefits - This amount in the General Fund represents <br />fund balance which has been designated for payment of the estimated long-term liability for <br />vacation and severance benefits. <br />NOTE 9 - FUND TRANSFERS <br />The following transfers were made during the year ended December 31, 1998: <br />A. Operating Transfers <br />Funds <br />Transferred From Transferred To Amount <br />Description <br />General Fund <br />Special Revenue Fund - <br />Building Capital Outlay <br />Special Revenue Fund - <br />Improvement and <br />Equipment Capital Outlay <br />Debt Service Fund - <br />1991 Public Facilities <br />Revenue Bonds <br />$ 128,338 To finance capital outlay <br />expenditures. <br />130,000 To finance current debt <br />service payments. <br />$ 258,338 <br />-45-