| Deficit & Debt Example | |||||
| year | receipts (income) | expenditures | deficit / surplus | debt | |
| 2004 | $37,000 | $38,000 | ($1,000) | $1,000 | |
| 2005 | $37,000 | $40,000 | ($3,000) | $4,000 | |
| 2006 | $38,000 | $38,000 | $0 | $4,000 | |
| 2007 | $37,000 | $39,000 | ($2,000) | $6,000 | |
| 2008 | $39,000 | $38,000 | $1,000 | $5,000 | |