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2004 Certificate of Obligation Bonds Fund — This fund is used to account for the proceeds and expenditures <br /> related to Bay Area Boulevard, Canada Road Paving and Drainage Improvements and the land acquisition of <br /> the Police Headquarters. <br /> 2005 Certificate of Obligation Bonds Fund — This fund is used to account for the proceeds and expenditures <br /> related to the purchase of an aerial fire truck, Bayshore Water /Sewer Replacement and various other <br /> Water /Sewer Capital Improvements. <br /> 2005 General Obligation Bond Fund — This fund is used to fund projects that benefit the City in general. A <br /> specific project from this issue is the construction of the police facility. <br /> 2006 Certificate of Obligation Bonds Fund — This fund is used to account for the proceeds and expenditures <br /> related to the Police Facility, a Sports Complex (Joint Venture), South La Porte Trunk Sewer and various other <br /> Water /Sewer projects. <br /> 2006 General Obligation Bonds Fund - This fund is used to account for the proceeds and expenditures related <br /> to the Westside Park Improvements. <br /> 2007 Certificate of Obligation Bonds Fund — This fund is used to account for the proceeds and expenditures <br /> related to wastewater treatment plant improvements, sports complex and golf cart path improvements. <br /> Drainage Improvements — This fund is used to account for the proceeds and expenditures related to the <br /> drainage fees collected. <br /> Debt Service Fund <br /> Debt Service Fund is used to pay interest and extinguish debt of the outstanding General Obligation Issues of <br /> the City. <br /> 82 <br />