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<br />CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31, 1997
<br />NOTE 5 - LONG-TERM DEBT (CONTINUED)
<br />B. Statement of Changes in Long-Term Debt
<br />Balance Balance
<br />Beginning End of
<br />of Year Additions Retired Year
<br />—General long-term debt
<br />_General Obligation Bonds $ 2.135,000 $ 1,760,000$ 180,000$ 3,715,000
<br />Public Facilities Revenue Bonds 3,470,000 -200,000 3.270,000
<br />—Vacation and severance
<br />benefits payable - net 151,520 742 -152.262
<br />5,756,520 1,760,742 380,000 7,137,262
<br />Proprietary Fund debt
<br />Revenue Bonds 1.550,000 -245,000 1.305.000
<br />i $ 7,306,520 $ 1,760,742 $ 625,000 $ 8.442.262
<br />--C. Minimum Debt Payments
<br />Minimum annual principal and interest payments required to retire long-term debt, excluding vacation
<br />severance benefits payable:
<br />General
<br />—Year Ending Long-Term Enterprise
<br />December 31 Debt Funds Total
<br />1998 $ 774,317 $299,674 $1,073,991
<br />1999 848,641 305,513 1,154,154
<br />2000 836,101 306,524 1,142,625
<br />2001 833,465 291,036 1,124,501
<br />!2002 828,471 231,941 1,060,412
<br />Thereafter 5,477.614 -5.477.614
<br />i $ 9,598,609 $1,434,688 $11,033,297
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