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G. Except for the Debt Service Fund, the City has not <br /> created or established and will not create or establish any sink- <br /> ing fund, reserve fund or any other similar fund to provide for <br /> the payment of the Bonds. The Debt Service Fund has been estab- <br /> lished and will be funded in a manner primarily to achieve a <br /> proper matching of revenues and debt service, and will be <br /> depleted at least annually to an amount not in excess of 1/12 the <br /> particular annual debt service on the Bonds. Money deposited <br /> into the Debt Service Fund will be spent within a 13-month period <br /> beginning on the date of deposit, and investment earnings in the <br /> Debt Service Fund will be spent or withdrawn from the Debt <br /> Service Fund within a one-year period beginning on the date of <br /> receipt. <br /> H. The foregoing statements of expectation are based <br /> upon the following facts and estimates. <br /> (1) Amounts shown as received will be received pursu- <br /> ant to the bond purchase contract. <br /> (2) Amounts paid or to be paid into various funds and <br /> accounts have been directed to be paid into said funds and <br /> accounts by authority hereof or are expected to be so directed to <br /> be paid by further proceedings. <br /> (3) The anticipated dates of the obligation of and <br /> expenditure of money in the Project Fund derived from the sale of <br /> Bonds and the amounts to be spent on or before such dates is <br /> based upon consultation with the architects, engineers and ad- <br /> -24- <br />