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CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31, 1995
<br />NOTE 5 - LONG-TERM DEBT (CONTINUED)
<br />B. Statement of Changes in Long-Tenn Debt
<br />Balance Be
<br />ginning
<br />of Year Additions Retired
<br />Balance
<br />End of
<br />Year
<br />General long-term debt
<br />General Obligation Bonds
<br />Public Facilities Revenue Bonds
<br />Proprietary Fund debt
<br />Revenue Bonds
<br />Vacation and severance
<br />benefits payable - net
<br />$ 2,410,000 $
<br />3,835,000
<br />360,000 $ 525,000
<br />175,000
<br />$ 2,245,000
<br />3,660,000
<br />6,245,000 360,000 700,000 5,905,000
<br />1,950,000 1,550,000 200,000 3,300,000
<br />137,421 3,492 140,913
<br />$ 8,332,421 $1,913,492 $ 900,000 $ 9,345,913
<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 />General
<br />Long-Term
<br />Debt
<br />Enterprise
<br />Funds Total
<br />1996 $ 613,998 $ 1,893,662 $2,507,660
<br />1997 681,046 305,350 986,396
<br />1998 683,020 299,674 982,694
<br />1999 681,152 305,513 986,665
<br />2000 672,204 306,524 978,728
<br />Thereafter 4,982,488 522,976 5,505,464
<br />$ 8,313,908 $ 3,633,699 $11,947,607
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