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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 /> Primary Government-Business-Type Activities
<br /> G.O.Revenue Bonds Revenue Bonds Notes Payable
<br /> Principal Interest Principal Interest Principal Interest
<br /> 2013 $ 760,000 $ 148,658 $ 520,000 $ 192,358 $ 186,588 $ -
<br /> 2014 775,000 124,350 545,000 172,220 189,353 -
<br /> 2015 485,000 104,224 570,000 150,924 191,511
<br /> 2016 500,000 88,233 470,000 131,160 194,297
<br /> 2017 320,000 74,849 490,000 113,053 195,212
<br /> 2018-2022 1,785,000 193,933 2,490,000 254,780 1,018,851
<br /> 2023 125,000 2,500 - - -
<br /> Total $ 4,750,000 $ 736,747 $ 5,085,000 $ 1,014,495 $ 1,975,812 $
<br /> Long-term liability activity for the year ended December 31,2012 was as follows:
<br /> Beginning Ending Due Within
<br /> PRIMARY GOVERNMENT Balance Additions Reductions Balance One Year
<br /> GOVERNMENTAL ACTIVITIES:
<br /> Bonds payable:
<br /> General obligation bonds $ 20,676,000 $ 6,975,000 $ (1,317,000) $ 26,334,000 $ 1,344,000
<br /> Special assessment bonds 2,955,000 1,525,000 (505,000) 3,975,000 2,050,000
<br /> Tax increment bonds 305,000 - (305,000) - -
<br /> Issuance premium 221,939 115,164 (31,131) 305,972 -
<br /> Total bonds payable 24,157,939 8,615,164 (2,158,131) 30,614,972 3,394,000
<br /> Contracts for deeds 1,410,000 - - 1,410,000 1,410,000
<br /> Compensated absences 1,278,871 636,195 (519,740) 1,395,326 605,990
<br /> Net OPEB obligation 156,323 87,865 (35,702) 208,486 -
<br /> Governmental activity
<br /> long-term liabilites 27,003,133 9,339,224 (2,713,573) 33,628,784 5,409,990
<br /> BUSINESS-TYPE ACTIVITIES:
<br /> Bonds payable
<br /> G.O.revenue bonds 5,475,000 - (725,000) 4,750,000 760,000
<br /> Revenue bonds 6,310,000 - (1,225,000) 5,085,000 520,000
<br /> Issuance premium 45,656 - (4,089) 41,567 -
<br /> Total bonds payable 11,830,656 - (1,954,089) 9,876,567 1,280,000
<br /> Notes payable 2,162,882 - (187,070) 1,975,812 186,588
<br /> Compensated absences 403,657 198,785 (184,125) 418,317 199,613
<br /> Net OPEB obligation 54,072 15,415 (2,068) 67,419 -
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<br /> Business-type activity
<br /> long-term liabilities 14,451,267 214,200 (2,327352) 12,338,115 1,666,201
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<br /> Total primary government
<br /> long-term liabilities $ 41,454,400 $ 9,553,424 $ (5,040,9251 $ 45,966,899 $ 7,076,191
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