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CITY OF ST. ANTHONY <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 1983 <br />Note 5. Bonded Indebtedness (Continued) <br />The following is a summary of bond transactions for the year ended December 31, 1983: <br />Payable at Payable at <br />January 1, December 31, <br />1983 Issued Redeemed 1983 <br />Certificates of Indebtedness $30,000 $ 30,000 <br />Special Assessment Improvement <br />Bonds $500,000 105,000 $395,000 <br />$500,000 $30,000 $135,000 $395,000 <br />Scheduled maturities of bonded indebtedness for each of the next five years are as <br />follows: 1984 - $105,000; 1985 - $130,000; 1986 - $40,000; 1987 - $40,000; 1988 - <br />$40,000. <br />Note 6. Contributed Capital <br />A substantial portion of the property, plant and equipment in the Utility Funds was <br />financed by special assessments, grants and other contributions. When such assets <br />are acquired they are credited to the contributed capital account. Depreciation on <br />contributed assets is charged against current income, but is then redistributed as a <br />charge against the contributed capital account. The rates charged by the City are <br />not intended to generate sufficient income to recover the depreciation on contributed <br />assets and replacement of these assets is expected to be financed primarily by future <br />contributions. <br />Note 7. Interfund Balances and Fund Deficits <br />At December 31, 1983 the General Fund has a balance due from the Liquor Fund of <br />$48,125. This amount represents the difference between the amount budgeted for <br />transfers from the Liquor Fund and the amount transferred during the year. <br />The Sewer Fund has a retained earnings deficit of $13,063 at December 31, 1983. <br />Note 8. Operations of Enterprise Funds <br />Segment information for each of the enterprise funds maintained by the City for the <br />year ended December 31, 1983 are as follows: <br />-15- <br />