5. Rose City transferred $5 million from the general fund to the debt service fund. Of this, $4 million was for the first payment of interest; the balance was for repayment of principal. 6. Rose City...

5. Rose City transferred $5 million from the general fund to the debt service fund. Of this, $4 million was for the first payment of interest; the balance was for repayment of principal.

6. Rose City earned $0.3 million in interest on investments held in the debt service fund. These investments have a fair value $4.5 million greater than at the end of last period. The funds are available for the repayment of debt principal.