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CITY OF ELK RIVER
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2019
<br />NOTE 7 LONG-TERM DEBT (CONTINUED)
<br />C. Future Minimum Debt Payments (Continued)
<br />Year Ending December 31,
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />2025-2029
<br />2030-2034
<br />2035-2039
<br />2040-2044
<br />2045-2049
<br />Total
<br />NOTE 8 FUND BALANCES
<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 />$ 785,000
<br />$ 278,803
<br />$ 840,000
<br />$ 652,431
<br />$ 203,952 $
<br />810,000
<br />256,875
<br />865,000
<br />621,431
<br />206,616
<br />835,000
<br />233,933
<br />900,000
<br />589,081
<br />209,124
<br />580,000
<br />214,016
<br />680,000
<br />560,531
<br />-
<br />465,000
<br />200,018
<br />705,000
<br />535,906
<br />2,520,000
<br />801,013
<br />3,905,000
<br />2,320,556
<br />2,945,000
<br />371,337
<br />4,515,000
<br />1,711,981
<br />655,000
<br />11,463
<br />3,160,000
<br />1,016,081
<br />-
<br />-
<br />2,200,000
<br />611,656
<br />-
<br />2,055,000
<br />189,589
<br />$ 9,595,000
<br />$ 2,367,458
<br />$ 19,825,000
<br />$ 8,809,243
<br />$ 619,692 $
<br />At December 31, 2019, a summary of the governmental fund balance classifications is as
<br />follows:
<br />Nonspendable
<br />Prepaid Items
<br />Restricted for:
<br />Debt Service
<br />Park and Recreation Improvements
<br />Landfill Mitigation
<br />Economic Development
<br />Law Enforcement
<br />Total Restricted
<br />Committed for:
<br />Library Operations
<br />Ice Arena
<br />Economic Development
<br />Insurance Reserve
<br />Street Improvements
<br />Total Committed
<br />Assigned for:
<br />Landfill Mitigation
<br />Law Enforcement
<br />Economic Development
<br />Capital Equipment
<br />Building Construction/Improvements
<br />Street Improvements
<br />Other Improvement Projects
<br />Park Improvements
<br />Total Assigned
<br />Other
<br />Active ER
<br />Pavement
<br />Governmental
<br />General Fund
<br />Projects
<br />Management
<br />Funds
<br />Total
<br />$ 187,305
<br />$
<br />$
<br />$
<br />62,017
<br />$
<br />249,322
<br />$ -
<br />$
<br />$
<br />$
<br />2,206,522
<br />$
<br />2,206,522
<br />24,554,769
<br />386,424
<br />24,941,193
<br />-
<br />47,334
<br />47,334
<br />1,319,263
<br />1,319,263
<br />-
<br />34,368
<br />34,368
<br />$
<br />$
<br />24,554,769
<br />$
<br />$
<br />3,993,911
<br />$
<br />28,548,680
<br />$
<br />$
<br />-
<br />$
<br />$
<br />420,691
<br />$
<br />420,691
<br />584,881
<br />584,881
<br />4,876,393
<br />4,876,393
<br />46,776
<br />46,776
<br />4,253,959
<br />-
<br />4,253,959
<br />$
<br />$
<br />$ 4,253,959
<br />$
<br />5,928,741
<br />$
<br />10,182,700
<br />$
<br />$
<br />$ -
<br />$
<br />947,217
<br />$
<br />947,217
<br />3,687
<br />3,687
<br />619,645
<br />619,645
<br />1,582,971
<br />1,582,971
<br />2,695,583
<br />2,695,583
<br />787,544
<br />787,544
<br />6,398,880
<br />6,398,880
<br />142,050
<br />142,050
<br />$
<br />$
<br />$
<br />$
<br />13,177,577
<br />$
<br />13,177,577
<br />(58)
<br />
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