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1984 Annual Budget Adopted
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1984 Annual Budget Adopted
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1984 Annual Budget Adopted
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805 - INTEREST FUND <br />Interest earned from all City Funds is deposited in this Fund. At the end <br />of the fiscal year (12/31) the balance of the Fund is allocated to all other <br />City Funds on a percentage basis determined by the balance of each Fund. <br />This Fund earned X27,360.00 during 1983. This amount was distributed as <br />follows: <br />Federal Revenue Sharing Fund $ 1,771 <br />Dedicated Parks Fund 7,934 <br />Certificate of Indebtedness Fund 498 <br />Capital Improvements Project Fund 1,758 <br />LAWCON Grant Fund 3,545 <br />77 -01, LaMotte Improvement Bond 1,582 <br />80 -01, 80 -02, Lantern Lane and <br />Andall St. Improvement Bond 1,190 <br />81 -02, 49 Sewers Imp. Bond 621 <br />82 -01, Blackduck Dr. Impr. Bond 14,068 <br />83 -01, Baldwin Lake Crt. Bond 259 <br />Interest rates have varied greatly the last several years. Probably 1981 <br />was the best year for interest yield. Below is a list of the average <br />interest rate for each year: <br />1981 15.98 % <br />1982 11.82 % <br />1983 9.29 % <br />1984 9.78 % (first quarter) <br />
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