|
CITY OF ORONO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />
<br />
<br />(41)
<br />
<br />NOTE 4 CAPITAL ASSETS (CONTINUED)
<br />C. Depreciation Expense by Function
<br />Governmental Activities:
<br />General Government 179,675$
<br />Public Safety 220,918
<br />Streets 256,286
<br />Parks and Recreation 45,710
<br />Total Depreciation Expense,
<br /> Governmental Activities 702,589$
<br />Business-Type Activities:
<br />Water Operating 98,516$
<br />Sewer Operating 304,437
<br />Storm Water 32,465
<br />Cable Television 4,314
<br />Total Depreciation Expense,
<br /> Business-Type Activities 439,732$
<br />
<br />NOTE 5 LONG-TERM LIABILITIES
<br />A. Components of, and Changes in Long-Term Liabilities
<br />Beginning End of Due Within
<br />of Year Additions Retirements Year One Year
<br />Governmental Activities:
<br />General Obligation Bonds 10,620,000$ -$ (1,010,000)$ 9,610,000$ 1,080,000$
<br />Less Unamortized Amounts:
<br />For Issuance Premiums 155,933 - (14,234) 141,699 14,234
<br />Total Bonds Payable 10,775,933 - (1,024,234) 9,751,699 1,094,234
<br />Capital Lease 17,374 - (5,562) 11,812 5,778
<br />Compensated Absences 427,923 324,896 (308,469) 444,350 320,000
<br />Net Pension Liability 3,723,015 675,226 (696,308) 3,701,933 -
<br />Other Postemployment Benefits 229,446 105,692 (61,522) 273,616 -
<br />Total Governmental Activities 11,450,676 430,588 (1,399,787) 14,183,410 1,420,012
<br />Business-Type Activities:
<br />General Obligation Bonds 1,280,000 - (85,000) 1,195,000 75,000
<br />Less Unamortized Amounts:
<br />For Issuance Premium 22,268 - (2,227) 20,041 1,485
<br />Compensated Absences 25,270 26,756 (19,202) 32,824 25,000
<br />Net Pension Liability 307,923 52,577 (64,366) 296,134 -
<br />Other Postemployment Benefits 24,088 7,829 (4,556) 27,361 -
<br />Total Business-Type Activities 1,351,626 87,162 (175,351) 1,571,360 101,485
<br />Total Debt 12,802,302$ 517,750$ (1,575,138)$ 15,754,770$ 1,521,497$
<br />
|