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<br />CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2004
<br />
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />
<br />Annual debt service requirements to maturity for general obligation bonds are as follows:
<br />
<br /> Governmental Activities
<br /> G.O. Revenue Bonds Lease Revenue Bonds Special Assessment Bonds
<br /> Principal Interest Principal Interest Principal Interest
<br />2005 $ 205,000 $ 105,035 $ 500,000 $ 381,515 $ 925,000 $ 262,755
<br />2006 215,000 93,605 520,000 363,854 960,000 225,487
<br />2007 230,000 81,520 535,000 344,825 935,000 187,577
<br />2008 245,000 68,505 560,000 323,815 620,000 154,967
<br />2009 255,000 54,540 585,000 300,744 475,000 130,880
<br />2010-2014 700,000 102,600 2,220,000 1,193,174 1,880,000 383,574
<br />2015-2019 2,210,000 766,476 665,000 16,625
<br />2020-2023 - 2.155.000 212.360
<br />Total $ 1 850 000 $~ $ 9 285 000 $ 3 886 763 $ 6 460 000 $ 1 361 865
<br />
<br /> Governmental Activities
<br /> Tax Increment
<br /> PIR Bonds Bonds
<br /> Principal Interest Princinal Interest
<br />2005 $ 85,000 $ 48,386 $ 143,500 $ 59,475
<br />2006 85,000 44,498 145,000 50,495
<br />2007 85,000 40,545 152,500 41,166
<br />2008 85,000 36,529 95,000 33,657
<br />2009 85,000 32,470 105,000 27,953
<br />2010-2014 425,000 99,535 395,000 70,126
<br />2015-2019 170.000 9.138 80.000 2.120
<br />Total $ 1 020 000 $ IDJ,Ql $]116000 $~
<br />
<br />Certificates of
<br />Indebtedness
<br />Principal Interest
<br />
<br />$ 315,767
<br />279,867
<br />1] 0,333
<br />
<br />$ 16,210
<br />6,424
<br />1,379
<br />
<br />$~
<br />
<br />$~
<br />
<br /> Business- Tvne Activities
<br /> G.O. Revenue Bonds Certificates of Indebtedness Notes Pavable
<br /> Principal Interest Principal Interest Principal Interest
<br />2005 $ 710,000 $ 471,374 $ 125,000 $ 15,312 $ 122,484 $
<br />2006 825,000 440,330 125,000 9,188 127,274
<br />2007 8]5,000 407,045 125,000 3,063 129,554
<br />2008 655,000 377,983 131,945
<br />2009 695,000 351,875 ] 34,255
<br />2010-20]4 3,985,000 1,283,123 705,318
<br />2015-2019 2,080,000 537,956 760,848
<br />2020-2024 1.285.000 ] 10.903 - - 551.467 -
<br /> -
<br />Total $ II 050 000 $ 3 980 589 $~ $~ $2663145 $ -----=
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