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Note 7. <br />CITY OF ORONO <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1989 <br />INDIVIDUAL FUND DISCLOSURES (continued) <br />C. Interfund Transfers Made During the Year <br />Funds <br />From Amount Purpose <br />General <br />General <br />Building <br />Improvement and <br />Equipment Outlay <br />$2,025,000 <br />$ 49,200 <br />Capital Projects <br />Capital Outlay <br />Expenditures <br />General Permanent Improve­ <br />ment Revolving <br />$ 30,000 Capital Projects <br />General Permanent Improve- $ 344,161 <br />ment Revolving <br />Emergency Contin­ <br />gency Account <br />Transfer <br />Municipal Permanent Improve- $ 190,000 <br />State-Aid ment Revolving <br />Construction <br />Capital Projects <br />For various reasons, certain funds have a portion of their fund equity <br />reserved or designated for specific purposes. A discussion of each <br />such item as it appears on the Combined Balance Sheet follows: <br />Reservation of Retained Earnings <br />Reserve for Revenue Bond Debt Service - This reserve in the <br />Water and Sewer Operating ^unds represents fund balances which <br />are presently committed to provide financial resources to pay <br />principal and Interest on the City's general obligation water <br />and sewer revenue bonds. <br />Reservation of Fund Balances <br />Reserves foi Advances to Other Funds and Prepaid Expenses - <br />This reserve in the General Fund represents the amount of fund <br />balance which does not represent spendable resources of the <br />General Fund. <br />Designated Unreserved Fund Balances <br />Designated for Road/Bridge Projects - This amount in the <br />Permanent Improvement Revolving Capital Project Fund repre­ <br />sents fund balance which has been designated for specific road <br />and bridge improvement projects. <br />-42- <br />J