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301 - CERTIFICATE OF INDEBTEDNESS BOND FUND <br />This fund is established when the City bonds for new Police <br />and Public Works emergency equipment. The revenue source for <br />this fund comes from the City tax levy. Expenditures for this <br />fund are specifically for the retirement of the bond debt. <br />Original proceeds from the issuance of this bond are placed <br />in the Capital Improvements Fund. <br />This Certificate of Indebtedness was bonded for in December <br />1985. Principal and interest will be paid over the three -year <br />period 1986 - 1988. The following financial data pertains to <br />the retirement of this debt. <br />