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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />Annual debt service requirements to maturity for long-term obligations are as follows:
<br />-70-
<br />Primary Government - Governmental Activities
<br />G.O. Bonds
<br />Special Assessment Bonds
<br />Contract for deed
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />Principal Interest
<br />2016
<br />$
<br />3,385,000
<br />$
<br />953,456
<br />$ 305,000
<br />$ 14,950
<br />$ 1,410,000 $ 84,600
<br />2017
<br />10,375,000
<br />876,566
<br />300,000
<br />8,900
<br />- -
<br />2018
<br />1,280,000
<br />460,863
<br />295,000
<br />2,950
<br />- -
<br />2019
<br />1,315,000
<br />425,413
<br />-
<br />-
<br />- -
<br />2020
<br />1,350,000
<br />388,863
<br />-
<br />-
<br />- -
<br />2021-2025
<br />6,160,000
<br />1,402,012
<br />-
<br />-
<br />- -
<br />2026-2030
<br />5,065,000
<br />790,593
<br />-
<br />-
<br />- -
<br />2031 -2033
<br />3,390,000
<br />144,350
<br />-
<br />-
<br />- -
<br />Total
<br />$
<br />32,320,000
<br />$
<br />5,442,116
<br />$ 900,000
<br />$ 26,800
<br />1,410,000 84,600
<br />Primary Government - Business -Type Activities
<br />G.O. Revenue Bonds
<br />Revenue Bonds
<br />Notes Payable
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />Principal Interest
<br />2016
<br />$
<br />705,000
<br />$
<br />356,738
<br />$ 620,000
<br />$ 90,400
<br />$ 194,307 $ -
<br />2017
<br />725,000
<br />339,205
<br />635,000
<br />73,500
<br />195,216 -
<br />2018
<br />750,000
<br />320,103
<br />660,000
<br />56,000
<br />198,252 -
<br />2019
<br />760,000
<br />299,795
<br />250,000
<br />37,800
<br />200,916 -
<br />2020
<br />785,000
<br />278,803
<br />260,000
<br />27,600
<br />203,952 -
<br />2021-2025
<br />3,170,000
<br />1,093,046
<br />560,000
<br />22,600
<br />415,725 -
<br />2026-2030
<br />2,590,000
<br />726,100
<br />-
<br />-
<br />- -
<br />2031 -2035
<br />3,050,000
<br />269,508
<br />-
<br />-
<br />- -
<br />Total
<br />$
<br />12,535,000
<br />$
<br />3,683,298
<br />$ 2,985,000
<br />$ 307,900
<br />$ 1,408,368 $ -
<br />-70-
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