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City of Orono, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2022
<br />Note 3: Detailed Notes on All Funds (Continued)
<br />Annual debt service requirements to maturity for G.O. improvement bonds are as follows:
<br />Year Ending
<br />December 31,Principal Interest Total
<br />2023 1,095,000$ 429,388$ 1,524,388$
<br />2024 595,000 407,144 1,002,144
<br />2025 615,000 387,275 1,002,275
<br />2026 635,000 366,519 1,001,519
<br />2027 655,000 344,557 999,557
<br />2028 - 2032 2,780,000 1,392,039 4,172,039
<br />2033 - 2037 2,575,000 1,047,720 3,622,720
<br />2038 - 2042 2,830,000 780,220 3,610,220
<br />2043 - 2044 3,125,000 485,620 3,610,620
<br />2048 - 2051 2,745,000 147,256 2,892,256
<br />Total 17,650,000$ 5,787,738$ 23,437,738$
<br />Governmental Activities
<br />Year Ending
<br />December 31,Principal Interest Total
<br />2023 85,000$ 15,428$ 100,428$
<br />2024 85,000 13,569 98,569
<br />2025 90,000 11,544 101,544
<br />2026 90,000 9,350 99,350
<br />2027 95,000 6,919 101,919
<br />2028 - 2029 195,000 5,806 200,806
<br />Total 640,000$ 62,616$ 702,616$
<br />Business-type Activities
<br />71 117
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