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Investment Summary <br /> •U.S.Government Securities $ 6,373,644 <br /> •Commercial Paper $ 4,205,370 <br /> r,Repurchase Agreements $ 1,771,933 <br /> Money Markets $ 290,911 <br /> Total Investments $12,641,858 <br /> %Investment Income =$673,938 <br /> Outstanding Debt 12/31/01 <br /> •Road Improvement Bonds $6,705,000 <br /> •Tax Abatement Bonds $ 625,000 <br /> a Liquor Revenue Bonds $ 740,000 <br /> •Tax Increment Bonds $3,360,000 <br /> *Total Debt $11,430,000 <br /> •Issued During Year $ 1,785,000 <br /> r-Principal Payments $ 535,000 <br /> GASB 34 <br /> Requires Capital Assets to be Reported with <br /> Accumulated Depreciation <br /> •Buildings/Automobiles/Computer Equipment <br /> *Water Towers/Roads/Storm Sewer Lines <br /> sz Implementation <br /> *Budgets Under$10 Million <br /> *Fiscal Years after 6/15/03 <br /> a Present Software Vendor/$10,000-$15,000 <br /> +Implementation(Fall 2002 Thru Spring 2003) <br /> 5 <br />