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MR
<br />e
<br />CITY OF ORONO
<br />NOTES TO FINANCIAL STATEMENTS (Continued)
<br />December 31, 1088
<br />Note 4. PROPERTY, PLANT, AND EQUIPMENT (continued)
<br />rot. S
<br />B. ProprletsE Fund TYpe property Plant,
<br />and Equf�sent
<br />Golf
<br />Water Sever Courge
<br />Operating Operatin& Operating Total
<br />Land and land
<br />Improvements
<br />Buildings and building
<br />improvements
<br />Equipment
<br />Distribution/collection
<br />system
<br />Less accumulated
<br />depreciation
<br />S 25.132 $ - S 127.977 $ 153.109
<br />77.694 31.014 40.778 149,486
<br />34.923 47.075 59,109 141.107
<br />1.559,24tl �6 OIB 020 7
<br />1.696,997 6,D96,109 217.864 8,.,020,970
<br />571.840 1/667,354 _ 29,427 2i268,621
<br />51,125,157 £41428.755 S 198,437 S5,75' 319
<br />Note 5. LONG-TERM DEBT
<br />A. Cnmpunents of General Long -Ter■ Debt
<br />Original Interest
<br />isatr
<br />Foul
<br />lytur(ty
<br />BaLuice
<br />W of
<br />Cenral 1�7en Debt:
<br />lane Rate
<br />- Otte
<br />Otte
<br />Yerr
<br />General Obligation Bads -
<br />G.O. Reftain% Buds
<br />of 1976
<br />Impro-t rnt Ronda
<br />$1,635,000 "O_ 6.ODT
<br />8-0:-76
<br />2-01-91
<br />S 450,000
<br />of 198u
<br />'Ap—mtnt Buds
<br />$1,100,ODD 7.10- 8.752
<br />12-01-80
<br />}O1-%
<br />60D,000
<br />of 198:
<br />ion rt"min c Bands
<br />S 475.000 6.50-lo.flit
<br />L2-01-82
<br />}�1_%
<br />225,u00
<br />Of 1985
<br />5 90OADO 5.50- 8.25z
<br />7-01-85
<br />1-01-01
<br />750,o0D
<br />Vacation and sewermr
<br />banrfits payable
<br />N/A N.1A
<br />N!A
<br />N/A
<br />_ 95,119
<br />Total All Gwwral
<br />UvW-Tern Debt
<br />$2,120,119
<br />CITY OF ORONO
<br />NOTES TO FINANCIAL STATEMENTS (Coniln—if)
<br />December 31, 1983
<br />LONG-TERM DEBT (continued)
<br />B. Statement of Changes !n Long -Term Debt
<br />Long-term debt - beginning of year
<br />Debt retired $2,473.545
<br />Net change in vacation and severance (360,000)
<br />benefits payable
<br />6.57a
<br />Long -Term Debt - End of Year
<br />52,120,119
<br />C. Mlnlmum Debt Payments
<br />Minimum Annual Principal and Interest Payments Required to Retire
<br />Long -Term Debt, Excluding Vacation and Severance Benefits Payable:
<br />General
<br />Year Ending Long -Term
<br />December 31, Debt
<br />19R9 $ 469,163
<br />199u 423,18H
<br />1991 401,707
<br />1991
<br />1993 224.918
<br />1994-200o _ 1.0142775
<br />$2,776,69
<br />D. Descriptions and Restrictions of LonR-Term Debt
<br />General Obligation goods - These bonds were Issued to finance
<br />various improvements and will be repaid from tests and special
<br />assessments, All are backed by the full faith and credit of
<br />the City.
<br />Refunding Bonds of 1976 - These bonds were Issued to refund
<br />the I%Provtment Bonds of 1970A. 19709, and 1974. None of
<br />these refunded Issues were outstanding as of De,ember 31.
<br />1988.
<br />Vacation and Severance Benefits Payable - This liability
<br />represents vested benefits earned by employees other Proprietary Fund [Awn
<br />vets through the end of the yenr, whirl,
<br />will be paid or •n future periods. The
<br />lied Ila for
<br />Proprietary Fund c-;
<br />ie.. tt Included in the accrued /ablll-
<br />tles of those funds.
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