Laserfiche WebLink
I <br />I <br />I <br />( <br />r <br />b <br />CITY OF ORONO, MINNESOTA <br />Notes to Financial Statements (continued) <br />December 31,1998 <br />NOTE 4 - DEFERRED CREDITS AND REVENUE (CONTINUED) <br />Composition of the deferred balance is as follows: <br />MCES Remaining <br />Acquisition Deferred <br />Facility Year Credits <br />Treatment Works 1971 $ 785 <br />1963 Interceptor 1977 68,522 <br />r*'1965 Interceptor 1977 4.581 <br />$ 73,888 <br />NOTE 5 - LONG-TERM DEBT <br />A. CompoDf^ots of Long-Term Debt <br />Original <br />Issue <br />Interest <br />Rate <br />Issue <br />Date <br />Final <br />Maturity <br />Date <br />Balance <br />End of <br />Year <br />»-4 <br />General long-term debt <br />General Obligation Bonds <br />Impf^'Tinent Bonds <br />of $475,000 6.50-10.00%I2-I-I982 3-1-1999 $ 15,000 <br />- <br />Improvement Bonds <br />of 1992 s 2.000,000 3.30-5.50«/(.8-1-1992 2-1-2008 1,515,000 <br />*Refunding Bonds <br />of 1995 s 360,000 3.85-4.15%12-26-1995 2-1-2002 225,000 <br />Improvement Bonds <br />of 1997 s 1,760,000 4.20-5.20%7-1-1997 2-1-2013 1,760,000 <br />Public Facilities Revenue <br />Bonds of 1991 s 4,000,000 4.50-6.50%12-1-1991 2-1-2008 3,055,000 <br />1 Public Facilities Revenue <br />Refunding Bonds of 1998 s 2,400,000 4.10-4 50%4-16-1998 2-1-2008 2.400,000 <br />» » s <br />Vacation and severance <br />benefits payable N/A N/A N/A N/A 164.997 <br />Total general long-term debt <br />Proprietary Fund debt <br />Revenue Bonds <br />G.O. Refunding <br />Bonds of 1995 $ 1,550,000 3.85-4.15% 12-26-1995 2-1-2002 <br />9.134,997 <br />1,070,000 <br />r-Note Payable <br />MCES 11 Loan 1998 s 15,000 5.00%7-1-1998 12-31-2004 15.000 <br />Total proprietary fund debt 1.085.000 <br />Total all long'term debt S 10.219,997 <br />-38-