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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 31,1996 <br />(with Comparative Totals for Year Ended December 31,1995) <br />1982 1985 <br />1991 <br />Public <br />Improve­Improv'e-Facilities <br />ment ment Revenue <br />Bonds Bonds <br />Bonds <br />Revenue <br />Property taxes <br />Property $ 4,512 $$ 226,919 <br />Pw'nalties and interest --— <br />Special assessments -—— <br />Intergovernmental <br />Homestead and agricultural credit aid --35,442 <br />Other <br />Interest earned on investments 2,553 -26,452 <br />Miscellaneous ——— <br />Total revenue 7,065 —■ ~288,81T <br />Expenditures <br />Deb? service <br />Principal retirement 15,000 —190,000 <br />Interest on bonds 5,231 —212,455 <br />Fiscal agent fees 235 -2,155 <br />Miscellaneous 135 -- <br />Total expenditures 20,601 ---------- -----404,610 <br />Excess (deficiency) of <br />revenue over expenditures (13,536)—(115,797) <br />Other financing sources (uses) <br />Bond proceeds (net)—-— <br />Payment to refund bond issue - - <br />- <br />Operating transfers in --130,000 <br />Total other financing sources (uses)——130,000 <br />Excess (deficiency) of revenue and other <br />financing sources over expenditures and <br />other financing sources (uses)(13,536)—14,203 <br />Fund balance <br />Beginning of year 66,286 138,248 547,334 <br />Residual equity transfers in ——— <br />Residual equity transfers (out)—(138,248)— <br />End of year $ 52,750 $$ 561,537 <br />-67- <br />j I <br />r