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CITY OF ELK RIVER
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />YEAR ENDING DECEMBER 31, 2016
<br />NOTE 7 LONG-TERM DEBT (CONTINUED)
<br />C. Future Minimum Debt Payments (Continued)
<br />Year Ending December 31,
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022-2026
<br />2027-2031
<br />2032-2035
<br />Totals
<br />NOTE 8 FUND BALANCES
<br />Primary Government - Business -Type Activities
<br />G.O. Revenue Bonds Revenue Bonds Notes Payable
<br />Principal Interest Principal Interest Principal Interest
<br />$ 725,000 $ 339,205 $ 630,000 $ 334,457 $ 195,216 $ -
<br />750,000 320,103 640,000 307,425 198,252 -
<br />760,000 299,795 635,000 286,375 200,916 -
<br />785,000 278,803 665,000 264,925 203,952 -
<br />810,000 256,875 680,000 242,675 206,616 -
<br />2,850,000 1,011,640 2,720,000 934,750 209,124 -
<br />2,670,000 645,298 2,810,000 618,056 - -
<br />2,480,000 174,842 3,175,000 240,169 - -
<br />$ 11,830,000 $ 3,326,561 $ 11,955,000 $ 3,228,832 $ 1,214,076 $ -
<br />At December 31, 2016, a summary of the governmental fund balance classifications is as
<br />follows:
<br />Assigned for
<br />Landfill Mitigation
<br />784,017
<br />Other
<br />1,956
<br />Economic Development -
<br />- Pavement
<br />Governmental
<br />1,802,898
<br />Building Construction/Improvements -
<br />General Fund YMCA Bonds Management
<br />Funds
<br />Total
<br />Nonspendable
<br />5,941,024
<br />Park Improvements -
<br />418,801
<br />Prepaid Items
<br />$ 20,964 $: $
<br />$ 108,176
<br />$ 129,140
<br />Restricted for:
<br />11,111ii
<br />Debt Service
<br />9,775,782
<br />1,064,753
<br />10,840,535
<br />Landfill Mitigation
<br />-
<br />351,577
<br />351,577
<br />Economic Development
<br />-
<br />1,043,711
<br />1,043,711
<br />Law Enforcement
<br />- -
<br />9,856
<br />9,856
<br />Total Restricted
<br />$ $ 9,775,782 $
<br />$ 2,469,897
<br />$ 12,245,679
<br />Commited for:
<br />Library Operations
<br />-
<br />428,065
<br />428,065
<br />Ice Arena
<br />475,875
<br />475,875
<br />Economic DevelopmentJ
<br />4,405,478
<br />4,405,478
<br />Insurance Reserve
<br />-
<br />128,808
<br />128,808
<br />Street Improvements
<br />3,811,788
<br />-
<br />3,811,788
<br />Total Committed
<br />$ $ 3,811,788
<br />$ 5,438,226
<br />$ 9,250,014
<br />Assigned for
<br />Landfill Mitigation
<br />784,017
<br />Law Enforcement
<br />1,956
<br />Economic Development -
<br />552,473
<br />Capital Equipment 266,832
<br />1,802,898
<br />Building Construction/Improvements -
<br />1,966,631
<br />Street Improvements
<br />1,165,148
<br />Other Improvement Projects
<br />5,941,024
<br />Park Improvements -
<br />418,801
<br />Total Assigned $ 266,832 $
<br />$ $ 12,632,948
<br />(57)
<br />784,017
<br />1,956
<br />552,473
<br />2,069,730
<br />1,966,631
<br />1,165,148
<br />5,941,024
<br />418,801
<br />$ 12,899,780
<br />
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