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<br />City of>F1k River Capital Assets
<br />(Net of Depreciation)
<br />t Governmental Business-type
<br />Activities Activities
<br />Total
<br /> 2010 2009 2010 2009 2010 2009
<br />' Land $ 37,469,632 $ 37,407,782 $ 1,516,631 $ 1,516,631 $ 38,986,263 $ 38,924,413
<br /> Construction in progress 4,555,760 418,985 84,648 418,985 4,640,408
<br /> Buildings 26,491,458 27,751,898 12,290,251 12,938,824 38,781,709 40,690,722
<br /> Other improvements 2,530,725 2,497,413 - - 2,530,725 2,497,413
<br /> Equipment 3,799,930 3,635,105 1,182,440 1,359,287 4,982,370 4,994,392
<br /> Infrastructure 41,728,743 39,892,424 60,979,345 63,137,117 102,708,088 103,029,541
<br />' Total $112,020,488 $115,740,382 $ 76,387,652 $ 79,036,507 $188,408,140 $ 194,776,889
<br />' Additional information on the City's capital assets can be found in Note 3D on pages 48 - 49 of this report.
<br /> Long-term debt. At the end of the current fiscal year, the City had total long-term debt outstanding of $44,903,260, a
<br /> decrease of $6,087,139 from 2009. General obligation improvement bonds ($22,002,000) were issued to finance the
<br />' construction of a library, a recreation facility, a public safety/city hall facility, and a street corridor project. General
<br /> obligation revenue bonds ($13,660,000) were used to finance the construction of an ice arena, a liquor store, and sewer,
<br /> water and electric systems. Special assessment bonds ($3,460,000) fmanced improvement projects within the City and are
<br />' assessed to the benefiting properties. Tax increment bonds ($375,000) fmanced the City's economic development program.
<br /> Certificates of indebtedness ($87,400) financed capital equipment purchases.
<br />' City of F1k River Outstanding Debt
<br /> Governmental Bus fines s-type
<br /> Activities Activities Total
<br />' 2010 2009 2010 2009 2010 2009
<br /> Bonds payable:
<br /> CzO. bonds $ 22,002,000 $ 16,677,757 $ - $ - $ 22,002,000 $ 16,677,757
<br />' G.O. revenue bonds 540,000 700,000 13,120,000 16,910,000 13,660,000 17,610,000
<br /> Lease revenue bonds 6,175,000 6,175,000
<br /> Special assessment bonds 3,460,000 3,970,000 - - 3,460,000 3,970,000
<br /> Tax increment bonds 375,000 440,000 ~ ~ 375,000 440,000
<br />' Certificates of indebtedness 87,400 421,716 87,400 421,716
<br /> Unamortized premium and
<br /> deferred amount on refunding (197,749) - (50,504) - (248,253) -
<br />' 4
<br /> Total bonds payable, net 26,266,651 28,384,473 13,069,496 16,910,000 39,336,147 45,294,
<br />73
<br /> Capital leases 8,496 16,992 8,496 16,992
<br />' ~ ~
<br />Contracts for deeds 1,491,250 1,629,500 1,491,250 1,629,500
<br /> Notes payable - - 2,345,318 2,524,646 2,345,318 2,524,646
<br /> Compensated absences. 1,198,485 1,063,812 392,889 340,037 1,591,374 1,403,849
<br />' Net OPI.B obligation 91,502 91,619 39,173 29,320 130,675 120,939
<br /> Total $ 29,056,384 $ 31,186,396 $ 15,846,876 $ 19,804,003 $44,903,260 $ 50,990,399
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