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<br />CITY OF ELK RIVER, MINNESOTA I
<br />NOTES TO FINANCIAL STATEMENTS I
<br />DECEMBER 31, 2004
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED I
<br /> Issue Maturity Interest Original Payable
<br /> Date Date Rate Issue 12/31/04
<br />Special Assessment Bonds: I
<br />1997 A G.O. Improvement Bonds 8/1/1997 2/1/2013 4.375-5.00% $ 1,165,000 $ 360,000
<br />1998A G.O. Improvement Bonds 12/1/1998 2/1/2009 3.55-4.30% 1,375,000 375,000
<br />1999A G.O. Improvement Bonds 7/1/1999 2/1/2015 4.10-5.00% 5,725,000 3,965,000 I
<br />2000C G.O. Improvement Refunding Bonds 11/1/2000 2/1/2008 4.40-4.70% 900,000 505,000
<br />2003A G.O. Improvement Bonds 12/9/2003 2/1/2014 2.00-4.00% 1.255.000 1.255.000
<br />Total special assessment bonds 10.420.000 6.460.000 I
<br />Permanent Improvement Revolving Bonds:
<br />2000B G.O. Improvement Bonds 11/1/2000 2/1/2016 4.40-5.40% 1.275.000 1.020.000
<br />Tax Increment Bonds: I
<br />1992D G.O. Tax Increment Bonds 11/10/1992 2/1/2007 7.90% 160,000 56,000
<br />2000A G.O. Tax Increment Bonds 11/1/2000 2/1/2015 4.45-5.30% 800,000 725,000
<br />2000D G.O. Tax Increment Refunding Bonds 11/1/2000 2/1/2007 6.70- 7 .40% 510.000 335.000 I
<br />Total tax increment bonds 1.470.000 1.116.000
<br />Certificates of Indebtedness: I
<br />2000 G.O. Equipment Certificates 11/1/2000 2/1/2005 6.00% 198,200 35,900
<br />2001 G.O. Fire Equipment Certificate 12/1/2001 2/1/2006 3.75% 202,000 101,000
<br />2003 G.O. Equipment Certificates 2/28/2003 2/1/2006 2.25% 357,100 238,067
<br />2004 G.O. Equipment Certificates 6/1/2004 2/1/2007 2.50% 331.000 331.000 I
<br />Total equipment certificates 1.088.300 705.967
<br />Total bonded indebtedness 27,728,300 20,436,967 I
<br />Compensated absences payable 465.634
<br />Total governmental activities indebtedness $ 27 728 300 $ 20 902 601 I
<br />BUSlNESS- TYPE ACTIVITIES:
<br />General Obligation Revenue Bonds: I
<br />1996A G.O. Sewer Revenue Bonds 7/1/1996 2/1/2016 5.00-5.80% $ 2,655,000 $ 1,865,000
<br />1997 Liquor Revenue Bonds 7/1/1997 2/1/2007 6.35% 1,245,000 480,000
<br />1997B G.O. Water Revenue Bonds 8/1/1997 2/1/2007 4.00-4.90% 335,000 115,000
<br />1998B G.O. Water Revenue Bonds 12/1/1998 2/1/2014 4.10-5.00% 820,000 605,000 I
<br />2001A G.O. Water Revenue Bonds 10/1/2001 2/1/2022 2.50-4.90% 3,590,000 3,410,000
<br />2002B City Hall Expansion Revenue Bonds 9/1/2002 2/1/2023 3.00-5.00% 1,695,000 1,640,000
<br />2003B G.O. Water Revenue Bonds 12/9/2003 2/1/2014 2.00-3.70% 1,995,000 1,995,000
<br />2004A Electric Revenue Bonds 8/1/2004 2/1/2015 3.00-4.25% 940.000 940.000 I
<br />Total general obligation revenue bonds 13.275.000 11.050.000
<br />Certificates of Indebtedness: I
<br />2002 G.O. Electric Equipment Certificate 6/17/2002 2/1/2007 4.90% 500.000 375.000
<br />Total bonded indebtedness 13,775,000 11,425,000 I
<br />Promissory note 3/19/2002 12/31/2022 -% 2,860,000 2,663,145
<br />Compensated absences payable 282.989
<br />Total business-type activities indebtedness 19.110.000 14.371.134 I
<br />Total City indebtedness $ 50 870 050 $ 35 273 735
<br /> 45 I
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