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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2003 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> Interfund transfers: <br /> <br />Governmental Funds: <br /> Major Funds: <br /> General Fund <br /> Improvement Bonds <br /> Public Safety/City Hall Expansion <br /> Nonmaj or Funds <br /> <br />Total Governmental Funds <br /> <br />Proprietary Funds: <br /> Municipal Liquor <br /> Garbage <br /> Sewer <br /> Water <br /> Electric <br /> <br />Total Proprietary Funds <br /> <br />Total <br /> <br />Transfer In <br /> <br />$ 339,500 <br /> 241,548 <br /> 1,743,876 <br /> 2,318,800 <br /> <br />4,643,724 <br /> <br />Transfer Out <br /> <br />$ 193,330 <br /> <br />3,810,470 <br />4,003,800 <br /> <br /> 183,300 <br /> 2,130 <br /> 33,910 <br /> 106,926 <br /> 317,918 <br /> <br />2,130 642,054 <br />$ 4.645.854 $ 4.645._~____~854 <br /> <br />Transfers between primary government and component unit: <br /> <br />Primary government: <br /> General Fund <br />Nonmajor Funds <br />Component unit - HRA <br /> <br /> Total <br /> <br />Transfer In Transfer Out <br /> <br />$ 1,500 $ - <br />9,172 <br />- 10,672 <br /> <br />$ 10,672 $ 10.67_____~2 <br /> <br />E. Long-term Debt <br /> <br />The City issues general obligation bonds and equipment certificates to provide funds for the acquisition and construction <br />of major capital facilities. The reporting entity's long-term debt is segregated between the amounts to be repaid from <br />governmental activities and amounts to be repaid from business-type activities. <br /> <br />GOVERNMENTAL ACTIVITIES: <br /> General Obligation Bonds: <br /> 1996C G.O. Ice Arena Bonds <br /> <br />Issue Maturity Interest Original Payable <br />Date Date Rate Issue 12/31/03 <br /> <br />8/1/1996 12/1/2013 5.70% $ 2.100,000 $ 1,495,000 <br /> <br />General Obligation Revenue Bonds: <br /> 1994C G.O. Storm Sewer Revenue Bonds <br /> 1997 City Hall and Law Enforcement <br /> Facility Revenue Refunding Bonds <br /> 2002A Public Safety Building Lease <br /> Revenue Bonds <br /> <br />6/1/1994 12/I/2009 5.40-5.80% 1,080,000 550,000 <br />12/1/1997 2/1/2011 4.75-5.00% 2,295,000 1,765,000 <br />9/1/2002 2/1/2023 2.00-4.85% 8,000,000 8,000,000 <br /> <br />Total general obligation revenue bonds <br /> <br />11,375.000 10,315,000 <br /> <br /> <br />