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M <br />k * <br />»>«• <br />t ■ <br />P« <br />IM <br />IM <br />l»4 <br />M <br />JL. <br />12. Expenditures by Function (Per Capita) <br />Expenditures shown In Indicator 7. divided by the population In Indicator 1 <br />for each year. <br />13 Budget to Actual Revenues ) source: Annual Financial Statement <br />14. Budget to Actual Expenditures ) <br />Compares budget to actual figures for two fund types: general fund and <br />special revenue funds. <br />Not shown are debt service funds, capital projects funds, enterprise funds, <br />or fiduciary (trust and agency) funds which are not required to be compared <br />to budget by GAAP. <br />15. Outstanding Bonded Indebtedness <br />The outstanding principal portion of five types of long-term debt is shown. <br />The types are: (1) General obligation; (2) special assessment; (3) tax <br />Increment financing; (4) general obligation revenue; (5) revenue, and other. <br />16. Bond Ratings <br />Source: Moody's and Stcndard and Poor's bond rating services. Note: <br />Cities are often rated oi'.ly In years when the city markets an Issue. <br />17. Current Debt Service Costs <br />Includes the principal and Interest paid during the year on long-term debt <br />by the governmental funds. <br />Total debt redemption <br />plus Interest and fiscal charges <br />18. Governmentel Fund Liabilities <br />Total liabilities of the governmental fund types. Includes accounts <br />payable, outstanding principal of short tenn debt, certain long-term debt, <br />and other liabilities. Special Assessment bonded debt Is not shown In <br />governmental fund liabilities In 1988. <br />19. Fund Balances (unreserved, undesi^ <ated) <br />Source: Annual Financial Statement <br />20. Opinion on Financial Report and Certificate of Achievement <br />Unqualified opinion: In the auditor's professional opinion, the financial <br />statements conform to generally accepted accounting principles (GAAP). <br />Qualified opinion: In the auditor's opinion, there Is a material departure <br />from generally accepted accounting principles In the financial statements. <br />A comnon example Is general fixed assets, which may not be accounted for in <br />a manner prescribed by GAAP. <br />3 - 3