5.1. SR 05-14-2001 - Laserfiche WebLink

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DEBT SERVICE FUNDS Debt service funds are used to account for the payment of interest and principal on long-term general obligation debt other than debt issued for and serviced primarily by enterprise funds. Orono Dam 5aLety. Loan - This fund is used to account for the accumulation of resources and payment of principal and interest on a State Loan used to repair Orono Dam. 1989 Fire Equipment Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance the purchase of fire equipment. Qgyarnmanl Building Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance the construction of a City Hall and police facility. Improvement'Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance various street, water, sewer and storm sewer improvements. Equipment Certificates - This fund is used to account for the accumulation of resources and payment of principal and interest to finance the purchase of public safety and street and other equipment as authorized by Minnesota Statutes. Tax Increment Financing Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance administrative and development costs within the various TIF districts. PIR Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance public improvements. 1994 Storm !Sewer Revenue Bondra - This fund is used to account for the accumulation of resources and payment of principal and interest to finance repair and construction of various drainage projects. Ice Arena Bonds - This fund is used to account for the accumulation of resources and payment of principal and interest to finance the construction of the ice arena.