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1994 Proposed Budget <br />September 9, 1993 <br />page 3 <br />2 . <br />transferred to the general fund. The amount of <br />this transfer has been reduced in recent years to <br />enable the interest earnings to be used to pay the <br />debt service on the HRA bonds. The 1994 budget <br />reflects a further reduction in this transfer from <br />$84,000.00 to $65,000.00. <br />Debt Service <br />A.HRA bonds <br />As directed by Council, the levied amount for the HRA <br />bonds has been set at 1.75%. <br />n. '89 sewer and water bonds <br />The proposed budget reflects an increase in levy for the <br />'89 bonds of $25,000.00 to provide a total levy of <br />$40,000.00 for the '99 bonds. <br />The 1993 proposed budget provides for controlling costs and <br />maintaining existing service levels while providing a foundation <br />for sounc? fiscal nanagcinent.