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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2018
<br />NOTE 7: LONGTERM DEBT — CONTINUED
<br />B. Changes in Long -Term Debt
<br />Long-term liability activity for the year ended December 31, 2018 was as follows:
<br />PRIMARY GOVERNNUNT
<br />GOVERNMENTAL ACTIVITIES:
<br />Bonds payable:
<br />General obligation bonds
<br />Special assessment bonds
<br />Issuance premium
<br />Total bonds payable
<br />Compensated absences
<br />Total Governmental Activities
<br />BUSINESS -TYPE ACTIVITIES:
<br />Bonds payable
<br />General obligation revenue bonds
<br />Revenue bonds
<br />Issuance premium
<br />Total bonds payable
<br />Notes payable
<br />Compensated absences
<br />Beginning
<br />-
<br />Ending
<br />Due Within
<br />Balance
<br />Additions Reductions
<br />Balance
<br />One Year
<br />20,685,000
<br />860,000
<br />484,706
<br />$ 18,560,000
<br />$ - $ (1,280,000)
<br />$ 17,280,000
<br />$ 1,315,000
<br />295,000
<br />- (295,000)
<br />-
<br />-
<br />392,312(40,296)
<br />1,018,860
<br />352,016
<br />(198,252)
<br />19,247,312
<br />- (1,615,296)
<br />17,632,016
<br />1,315,000
<br />1,555,037
<br />611,591 (586,661)
<br />1,579,967
<br />617,411
<br />20,802,349
<br />611,591 (2,201,957)
<br />19,211,983
<br />1,932,411
<br />11,105,000
<br />-
<br />(750,000)
<br />10,355,000
<br />760,000
<br />11,325,000
<br />10,000,000
<br />(640,000)
<br />20,685,000
<br />860,000
<br />484,706
<br />435,104
<br />(49,474)
<br />870,336
<br />-
<br />22,914,706
<br />10,435,104
<br />(1,439,474)
<br />31,910,336
<br />1,620,000
<br />1,018,860
<br />-
<br />(198,252)
<br />820,608
<br />200,916
<br />431,674
<br />281,904
<br />(209,131)
<br />504,447
<br />247,181
<br />Total Business -type Activities 24,365,240 10,717,008 (1,846,857) 33,235,391 2,068,097
<br />Total Primary Government $ 45,167,589 $ 11,328,599 $ (4,048,814) $ 52,447,374 $ 4,000,508
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