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Surface Water Management Fund <br /> <br />December 31, 1995, Cash Balance <br />December 31, 1995, Fund Balance <br /> <br />($359,500) <br />($883,ooo) <br /> <br />Outstanding Obligations <br /> Due to Capital Projects Fund <br /> - Fresno Street <br /> - Westwood <br /> Due to 1994 Western Area <br /> Phase II Debt Service Fund <br /> Principal & Interest on 1994 <br /> Storm Sewer Revenue Bond <br /> Total Obligations <br /> <br /> 72,935* <br /> 115,034' <br /> <br /> 272,955 <br />$2,004,389 <br /> <br />*There are internal loans which have no set repayment requirement. The <br />remaining $1,816,420 obligation must be repaid annually in accordance with <br />the debt service requirements on each of the corresponding bonds. <br /> <br />Unfunded Proiects <br /> <br />Main Street and Evans Avenue <br /> <br />$461,500 <br /> <br />In order to fund this project, additional sewer revenue bonds could be issued. <br />This would add over $500,000 to the debt obligations of the SWM fund. If <br />TIF No. 2 funds are used to help finance this project, the bonds could be <br />reduced by approximately $115,000. <br /> <br />Upcoming Projects <br /> <br />- 1996 Highway 10 Frontage Road at Joplin Street <br /> <br />$ 85,000 <br /> <br />- 1996(?) Ditch 28 $ ? <br /> <br /> <br />