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I <br />I <br />CITY OF ORONO. MINNESOTA <br />N mcs to Financial Statements (continued) <br />December 31. 1994 <br />NOTE 5 - LONG-TERM DEBT (CONTINUED) <br />B.SUitfinent of Changes In Long-Term Debt <br />General <br />Long-Term <br />Debt <br />$ 6,924.946 <br />(550.000) <br />7,475 <br />Enterprise <br />Fund Debt <br />$ 2,125.000 <br />(175.000) <br />Total <br />$ 9.049.946 <br />(725,000) <br />7.475 <br />Balance - beginning of year <br />Debt retired <br />Net change in vacation and <br />severance benefits payable <br />Balance - end of year ___________ ____________ ____________ <br />C.Minimum Debt Payments <br />Minimum annual principal and interest payments required to retire long-term debt, excluding vacation <br />and severance benefits payable: <br />$ 6,382.421 $ 1.950.000 $ 8.332.421 <br />Year Ending <br />December 31 <br />General <br />L('ng-Term <br />Debt <br />Enterprise <br />Funds Total <br />1995 S 693.121 S 318.775 S 1,011.896 <br />19%694.714 306.275 1.0^K).989 <br />1997 709.725 317.994 1.027.719 <br />1998 706.943 303.819 1.010.762 <br />1999 697.567 313.612 1.011.179 <br />2000-2008 5.543.220 935.250 6.478.470 <br />S 9.045.290 $2.495.725 s 11.541.015 <br />D.Descriptions and Restrictions of Long-Term Debt <br />1.General Long-Term Debt <br />® General Obligation Bonds - Thc'C bond.s vscrc i>sueJ to finance various improcements and <br />will be repaid from taxes and special a.s>essmenLs .All are backed by the full faith and credit <br />of the Cii> The G O Improvement Bi>nds of 1980 were called and all outstanding himds <br />were redeemed and paid on .March 1. 1994 at 101*^ nt pir. plus accrued interest <br />« •