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CITY OF ORONO, MINNESOTA <br />Debt Service Funds <br />Combining Statement of Revenue, Expenditures, and Changes in Fund Balance <br />Year Ended December 31,1998 <br />(with Comparative Totals for Year Ended December 31, 1997) <br />-65- <br />1982 <br />1991 <br />Public 1992 <br />Improve­Facilities Improve­ <br />ment Revenue ment <br />Bonds Bonds Bonds <br />Revenue <br />Property taxes <br />Property S 56 $ 233,133 S 34,591 <br />Penalties and interest ——64 <br />Special assessments -—125,631 <br />Intergovernmental <br />Homestead and agricultural credit aid -15,000 — <br />Other <br />Interest earned on investments 11,751 49,898 40,374 <br />Miscellaneous ——29,335 <br />Total revenue 11,807 298,031 229,995 <br />Expenditures <br />Debt service <br />Principal retirement 15,000 215,000 110,000 <br />Interest on bonds 2,250 191,903 79,265 <br />Fiscal agent fees 278 2,117 444 <br />Miscellaneous 90 —2,450 <br />Total expenditures 17,618 409,020 192,159 <br />Excess (deficiency) of <br />revenue over expenditures (5.811)(110,989)37,836 <br />Other financing sources <br />Bond proceeds (net)-—— <br />Operating transfers in -130,000 - <br />Total other financing sources —130,000 — <br />Excess (deficiency) of revenue and other <br />financing sources over expenditures (5,811)19,011 37,836 <br />Fund balance <br />Beginning of year 65,225 569,902 769,355 <br />End of year $ 59.414 S 588.913 S 807.191