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CITY OF ELK RIVER,MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31,2012
<br /> Note 3: DETAILED NOTES ON ALL FUNDS—CONTINUED
<br /> Issue Maturity Interest Authorized Payable
<br /> PRIMARY GOVERNMENT Date Date Rate and Issued 12/31/12
<br /> BUSINESS-TYPE ACTIVITIES:
<br /> General Obligation Revenue Bonds:
<br /> 2003B G.O.Water Revenue Bonds 12/9/2003 2/1/2014 2.00-3.70% 1,995,000 $ 465,000
<br /> 2005B G.O. Sewer Revenue Refunding Bonds 6/14/2005 2/1/2016 3.00-4.00% 1,660,000 735,000
<br /> 2008A G.O.Water Revenue Refunding Bonds 2/20/2008 2/1/2022 2.50-3.65% 3,085,000 2,450,000
<br /> 2010A G.0.Capital Improvement Bonds 4/21/2010 8/1/2023 2.00-4.00% 1,265,000 1,100,000
<br /> Total general obligation revenue bonds 8,005,000 4,750,000
<br /> Revenue Bonds:
<br /> 2004A Electric Revenue Bonds 8/1/2004 2/1/2015 3.00-4.25% 940,000 330,000
<br /> 2006A Electric Revenue Bonds 3/2/2006 8/1/2021 3.15-4.00% 3,595,000 2,405,000
<br /> 2007A Electric Revenue Bonds 3/28/2007 2/1/2022 4.00% 2,875,000 2,350,000
<br /> Total revenue bonds 7,410,000 5,085,000
<br /> Total bonded indebtedness 15,415,000 9,835,000
<br /> Promissory note 3/19/2002 12/31/2022 -% 3,521,000 1,975,812
<br /> Compensated absences payable - 418,317
<br /> Net OPEB obligation - 67,419
<br /> Total business-type activities indebtedness $ 18,936,000 $ 12,296,548
<br /> Total City indebtedness $ 58,407,500 $ 45,619,360
<br /> Annual debt service requirements to maturity for long-term obligations are as follows:
<br /> Primary Government-Governmental Activities
<br /> G.O.Bonds Special Assessment Bonds Contract for deed
<br /> Principal Interest Principal Interest Principal Interest
<br /> 2013 $ 1,344,000 $ 915,673 $ 2,050,000 $ 85,680 $ 1,410,000 $ 84,600
<br /> 2014 1,160,000 828,942 485,000 38,870 - -
<br /> 2015 1,195,000 801,408 425,000 27,425 - -
<br /> 2016 1,275,000 769,521 420,000 17,078 - -
<br /> 2017 1,305,000 731,389 300,000 8,900 -2018-2022 7,240,000 2,941,924 295,000 2,950 -2023-2027 6,175,000 1,717,402 - - -
<br /> 2028-2032 5,425,000 731,384 -
<br /> 2033 1,215,000 22,297 - - - -
<br /> Total $ 26,334,000 $ 9,459,940 $ 3,975,000 $ 180,903 1,410,000 84,600
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