1	[6-d-1]	On January 2, 2019, the Street Improvement Bond Debt Service Fund (DS)
	budget for 2019 was legally adopted. The budget provides for estimated property tax
	revenue of $900,000, of which $250,000 will be invested to accumulate resources over
	the next four years for the $1,000,000 principal that will be due for payment in 2019 for the
	4% bonds. The remaining revenues are intended to pay $100,000 interest due during 2019 on
	the 4% deferred serial bonds, as well as the $50,000 interest payment that will be due on
	the 5% serial bonds on July 1, 2019. The 2019 property tax levy also provides resources
	to retire the $200,000 of 5% serial bonds that mature on January 1, 2020, and interest of
	$100,000 due on that date ($50,000 interest on the 4% deferred serial bonds and $50,000
	on the 5% serial bonds). The budget also provides for estimated investment earnings of
	$3,000 during 2019. No premium or accrued interest on bonds sold is included in the
	2019 estimated other financing sources or estimated revenues. If the Street Improvement
	Debt Service Fund (DS) does receive such items, they will be invested and used for eventual
	bond redemption or interest payments, and the budget will be amended accordingly to
	reflect such items.
	Also, again, there are no principal payments due during 2019 and therefore should not be
	budgeted for.
	Required:	Record the budget for FY 2019 in the general journals for the Street
	Improvement Bond Debt Service Fund (DS). [As a reminder, you should make journal
	entries for FY 2019 only in the Debt Service Fund (DS), ignoring any entries for
	governmental activities at the government-wide (GW) level or any other funds.]