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NOTES TO FINANCIAL STATEMENTS - Continued <br />December 31, 1979 <br />Note 4: Changes in Account Groups <br />General Long -Term Debt Group of Accounts <br />Balance - beginning of year <br />Contract payment <br />Bond principal paid <br />Balance - End of Year <br />1979 <br />$ 41,517 <br />(379) <br />(10,000) <br />$ 31,138 <br />General Fixed Assets Group of Accounts <br />Investment in general fixed assets - beginning of year $710,293 <br />Purchases of land, buildings and equipment 17,847 <br />Depreciation - water and sewer system (11,067) <br />Investment in General Fixed Assets - End of Year $717,073 <br />Note 5: Amount to be Provided for Debt Service <br />Deferred tax levies for future debt service on bonds will be placed annually <br />as scheduled to provide funds for debt retirement. The total deferred tax <br />levies to retire General Long -Term Debt are $11,300. It is also anticipated <br />that special assessments will be placed to provide funds sufficient for the <br />retirement of the $ 935,000 Temporary Improvement Bonds of 1979. <br />- 14 - <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />