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12. Expenditures by Function (Per Capita) <br />Expenditures shown in Indicator 11, 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 six types of bonded debt is shown. The <br />types are: (1) General obligation; (2) special assessment; (3) tax increment <br />financing; (4) general obligation revenue; (5) revenue, and (6) all others. <br />16. Bond Ratings <br />Source: Moody's and Standard and Poor's bond rating services. Note: <br />Cities are often rated only in years when the city markets an issue. <br />17. Current Debt Service Costs (Governmental Funds) <br />lnciudes the principal and interest paid during the year on long -term debt <br />by the governmental funds. <br />Total debt redemption <br />lus Interest and fiscal charges <br />18. Governmental Fund Liabilities <br />Total liabilities of the governmental fund types. Includes accounts <br />payable, outstanding principal of short term debt, certain long -term debt, <br />and other liabilities. Special Assessment bonded debt is not shown in <br />governmental fund liabilities beginning in 1988. <br />19. Fund Balances (Unreserved, Undesignated) <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 common example is general fixed assets, which may not be accounted for in <br />a manner prescribed by GAAP. <br />