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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FI1~TA_>\'CIAL STATEMENTS
<br />DECEMBER 31, 2009
<br />Vote 3: DETAILED NOTES ON ALL FUNDS -CONTINUED
<br />PRIMARY GOVERNMENT
<br />BUSINESS-TYPE ACTIVITIES:
<br />General Obligation Revenue Bonds:
<br />2001A G.O. Water Revenue Bonds
<br />2002B City Hall Expansion Revenue Bonds
<br />2003B G.O. Water Revenue Bonds
<br />2004A Electric Revenue Bonds
<br />2005B G.O. Sewer Revenue Refunding Bonds
<br />2005C Liquor Revenue Bonds
<br />2006A Electric Revenue Bonds
<br />2007A Electric Revenue Bonds
<br />2008A Water Revenue Refunding Bonds
<br />Total bonded indebtedness
<br />Promissory note
<br />Compensated absences payable
<br />Net OPEB obligation
<br />Total business-type activities indebtedness
<br />Total City indebtedness
<br />COMPONENT UNIT
<br />Contract for deed
<br />Issue Maturity Interest Authorized Payable
<br />Date Date Rate and Issued 12/31/09
<br />10/1/2001
<br />9/1/2002
<br />12/9/2003
<br />8/1/2004
<br />6/14/2005
<br />6/1/2005
<br />3/2/2006
<br />3/28/2007
<br />2/20/2008
<br />2/1/2022
<br />2/1/2023
<br />2/1/2014
<br />2/1/2015
<br />2/1/2016
<br />2/1/2015
<br />8/ 1/2021
<br />2/ 1 /2022
<br />2/1/2022
<br />2.50-4.90% $ 3,590,000 $ 2,730,000
<br />3.00-5.00% 1,695,000 1,340,000
<br />2.00-3.70% 1,995,000 1,095,000
<br />3.00-4.25% 940,000 615,000
<br />3.00-4.00% 1,660,000 1,225,000
<br />4.50% 1,200,000 980,000
<br />3.15-4.00% 3,595,000 3,030,000
<br />4.00% 2,875,000 2,875,000
<br />2.50-3.65% 3,085,000 3,020,000
<br /> 20, 63 5, 000 16, 910, 000
<br />3/19/2002 12/31/2022
<br />12/28/2006 1/15/2012
<br />-% 3,521,000 2,524,646
<br />- 340,037
<br />- 29,320
<br />$ 24,156,000 $ 19,804,003
<br />$ 61,973,236 $ 50,990,399
<br />6.00% $ 504,000 $ 270,588
<br />Annual debt service requirements to maturity for long-term obligations are as follows:
<br /> Primary Government -Governmental Activities
<br /> G.O. Bonds G.O. Revenue Bonds Lease Revenue Bonds
<br /> Principal Interest Principal Interest Principal Interest
<br />2010 $ 860,000 $ 594,553 $ 160,000 $ 39,900 $ 335,000 $ 262,230
<br />2011 881,000 587,609 170,000 30,780 350,000 249,638
<br />2012 907,000 567,048 180,000 21,090 360,000 236,145
<br />2013 849,757 542,007 190,000 10,830 375,000 221,809
<br />2014 450,000 523,842 - - 390,000 206,602
<br />2015 - 2019 2,720,000 2,338,968 - - 2,210,000 766,476
<br />2020 - 2024 3,375,000 1,746,259 - - 2,155,000 212,360
<br />2025-2029 3,680,000 1,001,663 - - - -
<br />2030 - 2033 2,955,000 261,160 - - - -
<br />Total $ 16,677,757 $ 8,163,109 $ 700,000 $ 102,600 $ 6,175,000 $ 2,155,260
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