|
CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2018
<br />NOTE 7: LONGTERM DEBT - CONTINUED
<br />C. Future Minimum Debt Payments
<br />Annual debt service requirements to maturity for long-term obligations are as follows:
<br />Primary Government -
<br />Governmental Activities
<br />General Obligation Bonds
<br />Total $17,280,000 $ 3,141,232
<br />Principal
<br />Interest
<br />2019
<br />$ 1,315,000
<br />$ 425,413
<br />2020
<br />1,350,000
<br />388,862
<br />2021
<br />1,390,000
<br />351,163
<br />2022
<br />1,430,000
<br />312,262
<br />2023
<br />1,470,000
<br />262,163
<br />2024-2028
<br />4,830,000
<br />1,013,925
<br />2029-2033
<br />5,495,000
<br />387,444
<br />Total $17,280,000 $ 3,141,232
<br />W.
<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 />2019
<br />$ 760,000
<br />$ 299,795
<br />$ 860,000
<br />$ 624,210
<br />$ 200,916 $ -
<br />2020
<br />785,000
<br />278,803
<br />840,000
<br />652,431
<br />203,952 -
<br />2021
<br />810,000
<br />256,875
<br />865,000
<br />621,431
<br />206,616 -
<br />2022
<br />835,000
<br />233,933
<br />900,000
<br />589,081
<br />209,124 -
<br />2023
<br />580,000
<br />214,017
<br />680,000
<br />560,531
<br />- -
<br />2024-2028
<br />2,455,000
<br />870,850
<br />3,785,000
<br />2,437,581
<br />-
<br />2029-2033
<br />2,845,000
<br />467,883
<br />4,385,000
<br />1,845,206
<br />-
<br />2034-2038
<br />1,285,000
<br />45,097
<br />3,720,000
<br />1,135,831
<br />-
<br />2039-2043
<br />-
<br />-
<br />2,125,000
<br />686,033
<br />-
<br />2044-2048
<br />-
<br />-
<br />2,525,000
<br />281,119
<br />- -
<br />Total
<br />$10,355,000
<br />$ 2,667,253
<br />$ 20,685,000
<br />$ 9,433,454
<br />$ 820,608 $ -
<br />W.
<br />
|