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TABLE 4 <br />CITY OF SAN MARCOS, TEXAS <br />CHANGES IN FUND BALANCES <br />GOVERNMENTAL FUNDS <br />(Continued) <br />LAST TEN FISCAL YEARS <br />Fiscal Year <br />1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 <br />EXCESS OF REVENUES <br />OVER (UNDER) <br />EXPENDITURES $( <br />885,287) $( <br />2,188,217) $ <br />216,201 $( <br />4,189,569) $( <br />6,233,249) $( <br />3,7081568) $( <br />569,399) $( <br />4,455,372) $ <br />1031143 <br />$( 6,857,391) <br />OTHER FINANCING <br />SOURCES (USES) <br />Bond issuance costs <br />- ( <br />379,588) <br />139,629 <br />68,504 <br />- <br />- <br />- ( <br />60,102) <br />- <br />- <br />Bond sales <br />98900 <br />15,29500 <br />4,50000 <br />8,02500 <br />- <br />028,823 <br />7,140,604 <br />2,65000 <br />6,22500 <br />34,190,000 <br />Proceeds from <br />capital leases <br />748,419 <br />773,304 <br />817,561 <br />20500 <br />- <br />- <br />- <br />- <br />- <br />- <br />Transfers in <br />1,47908 <br />1,591,950 <br />067,993 <br />1,702,060 <br />2,304,018 <br />106,335 <br />1,529,879 <br />2,381,096 <br />7,021,831 <br />5,875,970 <br />Transfers out ( <br />1,470,809) ( <br />1,494,733) ( <br />1,612,697) ( <br />1,497,412) ( <br />2,033,440) ( <br />951,894) ( <br />1,317,081) ( <br />1,549,373) ( <br />4,542,021) <br />( 6,255,470) <br />Total other financing <br />sources (uses) <br />1,745,698 <br />15,785,933 <br />5,812486 <br />8,5031152 <br />270,578 <br />0831264 <br />7,3531402 <br />3,4211621 <br />8,7041810 <br />33,810,500 <br />NET CHANGE IN <br />FUND BALANCES $ <br />860,411 $ <br />13,597,716 $ <br />6,02807 $ <br />4,3131583 $( <br />5,962,671) $( <br />1,725,304) $ <br />6,7841003 $( <br />1,033,751) $ <br />10,367,953 <br />$ 26,953,109 <br />DEBT SERVICE AS <br />A PERCENTAGE <br />OF NONCAPITAL <br />EXPENDITURES <br />12.8% <br />12.2% <br />14.6% <br />14.4% <br />13.8% <br />14.6% <br />14.3% <br />13.0% <br />14.3% <br />13.5% <br />75 <br />