|
CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31,1998
<br />NOTE 5 - LONG-TERM DEBT (CONTINUED)
<br />B. Statement of Changes In Long-Term Debt
<br />General long-term debt
<br />General Obligation Bonds
<br />Public Facilities Revenue Bonds
<br />Vacation and severance
<br />benefits payable - net
<br />Proprietary Fund debt
<br />Revenue Bonds
<br />Note Payable
<br />Balance Balance
<br />Beginning End of
<br />ofYear Additions Retired Year
<br />$ 3,715,000 $$ 200,000 $ 3,515,000
<br />3,270,000 2,400,000 215,000 5,455,000
<br />152,262 12,735 164.997
<br />7,137,262 2,412.735 415,000 9,134,997
<br />1,305,000 .235,000 1,070,000
<br />—15.000 -15.000
<br />1,305.000 15,000 235,000 1.085,000
<br />$ 8,442,262 $ 2,427,735 $ 650,000 $ 10.219.997
<br />C. Minimum Debt Payments
<br />Minimum annual principal and interest payments required to retire long-term debt, excluding vacation and
<br />severance benefits payable:
<br />Year Ending
<br />December 31
<br />1999
<br />2000
<br />2001
<br />2002
<br />2003
<br />Thereafter
<br />Less amount
<br />representing interest
<br />General
<br />Obligation
<br />Bonds
<br />Public
<br />Facilities
<br />Revenue
<br />Bonds
<br />Enterprise
<br />Revenue
<br />Bonds
<br />Enterprise
<br />Note
<br />Payable
<br />$ 456,424 $ 539,539 $ 305,513 $
<br />439,084 511,135 306,524 3,465
<br />436,626 2,774,220 291,036 3,465
<br />363,449 397,995 231,941 3.465
<br />360,816 395,335 -3,465
<br />2.639.306 1.995.752 -3.465
<br />4,695,705
<br />(1,180,7051
<br />6,613,976
<br />(l,158J76i
<br />1,135,014
<br />(65,0141
<br />17,325
<br />S 3,515,000 S 5,455,000 $ 1.070,000 $ 15,000
<br />-39-
<br />I
<br />I
<br />I
<br />1
<br />I
<br />I
<br />1
<br />1
<br />II
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
|