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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 />
<br />Special Assessment Bonds:
<br /> 1996B G.O. Improvement Bonds
<br /> 1997A G.O. Improvement Bonds
<br /> 1998A G.O. Improvement Bonds
<br /> 1999A G.O. Improvement Bonds
<br /> 1999B G.O. Improvement Refunding Bonds
<br /> 2000C G.O. Improvement Refunding Bonds
<br /> 2003A G.O. Improvement Bonds
<br />
<br />Issue Maturity Interest Original Payable
<br />Date Date Rate Issue 12/31/03
<br />
<br />7/1/1996 2/1/2004 4.50-5.00%
<br />8/1/1997 2/1/2013 4.375-5.00%
<br />12/1/1998 2/1/2009 3.55-4.30%
<br />7/1/1999 2/1/2015 4.10-5.00%
<br />12/1/1999 2/1/2004 4.30-4.60%
<br />11/1/2000 2/1/2008 4.40-4.70%
<br />12/9/2003 2/1/2014 2.00-4.00%
<br />
<br />Total special assessment bonds
<br />
<br />Permanent Improvement Revolving Bonds:
<br /> 1993B G.O. Improvement Bonds
<br /> 2000B G.O. Improvement Bonds
<br />
<br />$ 500,000
<br />1,165,000
<br />1,375,000
<br />5,725,000
<br />580,000
<br />900,000
<br />1,255.000
<br />
<br />Total permanent improvement revolving bonds
<br />
<br />Tax Increment Bonds:
<br /> 1992D G.O. Tax Increment Bonds
<br /> 1994D G.O. Tax Increment Bonds
<br /> 2000A G.O. Tax Increment Bonds
<br /> 2000D G.O. Tax Increment Refunding Bonds
<br />
<br />11,500,000
<br />
<br />Total tax increment bonds
<br />
<br />Certificates of Indebtedness:
<br /> 1999 G.O. Equipment Certificates
<br /> 2000 G.O. Equipment Certificates
<br /> 2001 G.O. Fire Equipment Certificate
<br /> 2003 G.O. Equipment Certificates
<br />
<br />$ 70,000
<br />435,000
<br />575,000
<br />4,420,000
<br />125,000
<br />640,000
<br />1,255,000
<br />
<br />Total equipment certificates
<br />
<br />Total bonded indebtedness
<br />
<br />Contract for deed
<br />Compensated absences payable
<br />
<br />7,520,000
<br />
<br />Total governmental activities indebtedness
<br />
<br />10/1/1993 2/1/2004 2.75-4.50% 2,400,000 200,000
<br />11/1/2000 2/1/2016 4.40-5.40% 1,275,000 1,105,000
<br />
<br />2/1/2007
<br />2/1/2004
<br />2/1/2015
<br />2/1/2007
<br />
<br />2/1/2004
<br />2/1/2005
<br />2/1/2006
<br />2/1/2006
<br />
<br /> 7.90%
<br />4.50-5.85%
<br />4.45-5.30%
<br />6.70-7.40%
<br />
<br />5.00%
<br />6.00%
<br />3.75%
<br />2.25%
<br />
<br />7.00%
<br />
<br />11/10/1992
<br /> 7/1/1994
<br /> 11/1/2000
<br /> 11/1/2000
<br />
<br />11/1/1999
<br />11/1/2000
<br />12/1/2001
<br />2/28/2003
<br />
<br />3,675,000
<br />
<br />160,000
<br />255,000
<br />800,000
<br />510,000
<br />
<br />1,725,000
<br />
<br />162,750
<br />198,200
<br />202,000
<br />357,100
<br />
<br />920,050
<br />
<br />31,295,050
<br />
<br />465,000
<br />
<br />$ 31.760.050
<br />
<br />6/29/1999
<br />
<br />1/15/2004
<br />
<br />1,305,000
<br />
<br /> 72,500
<br />105,000
<br />775,000
<br />400,000
<br />
<br />1,352,500
<br />
<br />32,550
<br />71,800
<br />151,500
<br />357,100
<br />
<br />612,950
<br />
<br />22,600,450
<br />
<br />47,976
<br />420,227
<br />
<br />$ 23.068:653
<br />
<br />BUSINESS-TYPE ACTIVITIES:
<br />
<br />General Obligation Revenue Bonds:
<br /> 1993B G.O. Water Revenue Bonds
<br /> 1994B G.O. Sewer Revenue Bonds
<br /> 1994D G.O. Water Revenue Bonds
<br /> 1996A G.O. Sewer Revenue Bonds
<br /> 1997 Liquor Revenue Bonds
<br /> 1997B G.O. Water Revenue Bonds
<br /> 1998B G.O. Water Revenue Bonds
<br /> 200lA G.O. Water Revenue Bonds
<br /> 2002B City Hall Expansion Revenue Bonds
<br /> 2003B G.O. Water Revenue Bonds
<br />
<br />Total general obligation revenue bonds
<br />
<br />10/I/1993
<br />6/I/1994
<br />12/1/1994
<br />7/1/1996
<br />7/1/1997
<br />8/I/1997
<br />12/1/1998
<br />10/1/2001
<br />9/1/2002
<br />12/9/2003
<br />
<br />2/1/2009
<br />2/1/2009
<br />2/1/2009
<br />2/1/2016
<br />2/1/2007
<br />2/1/2007
<br />2/1/2014
<br />2/I/2022
<br />2/1/2023
<br />2/1/2014
<br />
<br />2.75-5.20%
<br />5.40-5.80%
<br />5.80-6.50%
<br />5.00-5.80%
<br /> 6.35%
<br />4.00-4.90%
<br />4.10-5.00%
<br />2.50-4.90%
<br />3.00-5.00%
<br />2.00-3.70%
<br />
<br />$ 1,125,000
<br />1,280,000
<br />1,010,000
<br />2,655,000
<br />1,245,000
<br />335,000
<br />820,000
<br />3,590,000
<br />1,695,000
<br />1,995,000
<br />
<br />$15,750,000
<br />
<br />$ 555,000
<br />660,000
<br />580,000
<br />1,975,000
<br />635,000
<br />150,000
<br />655,000
<br />3,530,000
<br />1,695,000
<br />1,995,000
<br />
<br />$12,430,000
<br />
<br />47
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