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City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 8 — LONG-TERM DEBT
<br />B. Components of Long -Term Liabilities
<br />Primary Government
<br />Governmental activities
<br />General obligation bonds
<br />EDA G.O. Refunding Bonds, Series 2013A
<br />G.O. Sales Tax Revenue Bonds, Series 2019A
<br />G.O. Capital Improvement Bonds, Series 2020A
<br />G.O. Capital Improvement Refunding Bonds, Series 2020B
<br />G.O. Capital Improvement and Equipment Bonds, Series 2021A
<br />Total general obligation bonds
<br />Unamortized bond premium/discount
<br />Compensated absences
<br />Total governmental activities
<br />Business -type activities
<br />General obligation revenue bonds
<br />G.O. Water Revenue Refunding Bonds, Series 2008A
<br />G.O. Sewer Revenue Bonds, Series 2014B
<br />G.O. Sewer Revenue Refunding Bonds, Series 2020C
<br />G.O. Water Revenue Bonds, Series 2021C
<br />Total general obligation revenue bonds
<br />Revenue Bonds
<br />Electric Revenue Bonds, Series 2016A
<br />Electric Revenue Refunding Bonds, Series 2016B
<br />Electric Revenue Bonds, Series 2018A
<br />Electric Revenue Bonds, Series 2021B
<br />Total revenue bonds
<br />Total bonds
<br />Unamortized bond premium/discount
<br />Notes from direct borrowings
<br />Compensated absences
<br />Total business -type activities
<br />Total all long-term liabilities
<br />Issue Interest
<br />Date Rates
<br />Original
<br />Issue
<br />Final Balance
<br />Maturity End of Year
<br />02/12/13
<br />2.00%-3.00%
<br />$ 9,685,000
<br />02/01/33
<br />$ 7,600,000
<br />09/19/19
<br />2.50%-5.00%
<br />32,715,000
<br />12/01/44
<br />31,360,000
<br />12/29/20
<br />1.00%-5.00%
<br />9,435,000
<br />02/01/42
<br />9,435,000
<br />12/29/20
<br />1.00%-5.00%
<br />5,340,000
<br />02/01/33
<br />5,340,000
<br />05/20/21
<br />1.35%-5.00%
<br />4,805,000
<br />02/01/42
<br />4,805,000
<br />58,540,000
<br />4,824,308
<br />1,845,116
<br />65,209,424
<br />02/20/08
<br />2.75%-3.65%
<br />3,085,000
<br />02/01/22
<br />270,000
<br />08/21/14
<br />2.00%-3.00%
<br />10,000,000
<br />02/01/35
<br />7,490,000
<br />12/29/20
<br />1.00%-1.70%
<br />7,200,000
<br />02/01/35
<br />7,200,000
<br />06/10/21
<br />2.00%-4.00%
<br />1,615,000
<br />08/01/41
<br />1,615,000
<br />16,575,000
<br />07/14/16
<br />2.00%-4.00%
<br />9,755,000
<br />02/01/36
<br />8,465,000
<br />07/14/16
<br />2.00%-4.00%
<br />1,370,000
<br />02/01/22
<br />240,000
<br />09/26/18
<br />3.50%-5.00%
<br />10,000,000
<br />08/01/48
<br />9,415,000
<br />05/13/21
<br />2.00%-5.00%
<br />11,810,000
<br />08/01/51
<br />11,810,000
<br />29,930,000
<br />46,505,000
<br />1,538,368
<br />209,124
<br />543,972
<br />48,796,464
<br />$ 114,005,888
<br />Long-term bonded indebtedness listed above were issued to finance equipment and the acquisition and
<br />construction of capital facilities or to refinance (refund) previous bond issues.
<br />The City also issued note from direct borrowing to provide for the construction of a landfill gas
<br />generator. The note is to be paid from revenue of the system and is secured by the facility.
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