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<br />CITY (IF oRwU
<br />NOTE$ TO FINANCIAL STATEMENTS (Contltiued)
<br />NOTES To FINANCIAL STATEMENTS (Contin,ed) December 31. 1988
<br />Derruber 31. 1908
<br />Note 7
<br />INDIVIDUAL FUND DISCLOSURES (continued)
<br />The General Fund advanced $113,541 to the Permanent Improvement
<br />Revolving Fund to pay the construction coots of the County Road 15
<br />street light project. This advance is considetrd a loan and is sub-
<br />ject to repayment from the Permanent Improvement Revolving Fund to the
<br />General Fund from special assesamrnts to be levied against propertle%
<br />determined to benefit from the project.
<br />6. Intertund Receivables and_Pavablea ear Ln
<br />at Yd
<br />Intertund Intertund
<br />Receivables P�Z±bles
<br />General P-0
<br />S 140,306
<br />S 36,935
<br />Debt Set le - iunC, -
<br />15.704
<br />-
<br />19A6-7- 11o, reaent Fund
<br />)h,935
<br />-
<br />198S Imp:, oment Fund
<br />Capital Project Funds -
<br />Permsoent Improvement
<br />-
<br />123.841
<br />Revolving Fund
<br />Enterprise Funds -
<br />_
<br />9,772
<br />Vater Operating Fund
<br />y�)72
<br />15,71W
<br />Sever Operating Fund
<br />_
<br />16,465
<br />Golf Course Operating Fund
<br />__
<br />} 2u2,711
<br />$ 2u&a!
<br />e. lnterfund Transfers Made During the year
<br />Funds _
<br />From _ To Asnunt _ -- Puose
<br />General Building S 20,000 Capitol Projects
<br />General Improvement and S 46,250 Capital Outlay
<br />Equipment Outlay Expenditures
<br />General Permanent Improve- $ 30.000 Capital Projects
<br />sent Revolving
<br />General 19115 Improvement S 61.819 Capital Projects
<br />G.U. state Aid Permanent improve- $ 1.31U Residual Equity
<br />Road Bonds of ment Revolving
<br />1979
<br />Note 7. INDIVIDUAL FUND DISCLOSURES (continued)
<br />U. Other Individual Fund Information
<br />The Permanent Improvement Revolving Capital Project Fund has a deficit
<br />fund balance of $81,357 at December 31. 1988. The deficit will be
<br />funded with a combination of special assessments, dedicated municipal
<br />State-std, and General Fund transfers.
<br />The City did not exceed total expenditure appropriations in any of the
<br />budgeted funds.
<br />Note 8. SEGMENT INFORMATION FOR 11MRPRISE FUNDS
<br />The City provides services which are accounted for in the Enterprise
<br />Funds. The segment information for these Enterprise Funds for the
<br />year ended December 31. 1988. is as follows:
<br />Operating Rrmv& or Gross Profit
<br />Mpeeciation Expense
<br />operattrig income (Lao)
<br />Net In-4e ( lass )
<br />C rrent Capital Gottrihalana
<br />Pruperty. Plant, old
<br />Equipment - Addition
<br />Net Y+dum Capital
<br />Total Asset -
<br />Total Equity
<br />Golf
<br />alter
<br />_ rat
<br />Sewor ;atrse
<br />rat tact Total
<br />$ 185,832
<br />S 402,337 S 88,867 S 677,0)b
<br />$ 36,931
<br />$ 119,5% S 3.361 $ 159,886
<br />$ 8,214
<br />S (49,�) $ (14.659)
<br />(p1)
<br />s 12,t.4.
<br />S S
<br />$ -
<br />$ u3,on $ - $ 473.013
<br />S -
<br />$ 473,01) $ 9.M' S 482,275
<br />$ 107.5%
<br />S 657.320 S (15,e-9) S 749.427
<br />$1.249.012
<br />S5,526.83. S 20t,11: $6.979,978
<br />SI.U).S8U
<br />$5.332.497 $ 177,998 96,734.075
<br />Note 9. PRoPR1LTARY FUIms CMTRIRIRRD CAPITAL
<br />This balance represents tM cost of property contributed to that
<br />Enterprise Funds by the City, lets depreciation thereon charged to
<br />operations. Changes occurring in this account during the year were as
<br />follows:
<br />Golf
<br />Water Saver Corse
<br />t ,rat l�opprat (ISie[atiM Total
<br />II&Ls r - beginning of year S1.(Z9.406 s4•032.013 S 14b-3118 OS
<br />793 $5,10BO
<br />Ail eottri`alons from other funk
<br />Less depredation on s: caributad ammets 33,019 117,047 254 150,32U
<br />Balancr - Fed of Year S1,OrM+,�55 6 7(Y1L759 S 146,754 $5.631,198
<br />
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