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City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 8 — LONG-TERM DEBT (CONTINUED)
<br />C. Changes in Long -Term Liabilities
<br />Long-term liability activity for the year ended December 31, 2021, was as follows:
<br />Primary Government
<br />Governmental activities
<br />Bonds payable
<br />General obligation bonds
<br />General obligation revenue bonds
<br />Unamortized bond premiums
<br />Total bonds payable
<br />Compensated absences payable
<br />Governmental activities
<br />long-term liabilities
<br />Business -type activities
<br />Bonds payable
<br />General obligation revenue bonds
<br />Revenue bonds
<br />Unamortized bond premiums
<br />Total bonds payable
<br />Notes from direct borrowings
<br />Compensated absences payable
<br />Business -type activities
<br />long-term liabilities
<br />Beginning
<br />Ending
<br />Due Within
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />$ 29,390,000
<br />$ 4,805,000
<br />$ (7,015,000)
<br />$ 27,180,000
<br />$ 1,420,000
<br />32,165,000
<br />-
<br />(805,000)
<br />31,360,000
<br />845,000
<br />4,708,545
<br />428,885
<br />(313,122)
<br />4,824,308
<br />-
<br />66,263,545
<br />5,233,885
<br />(8,133,122)
<br />63,364,308
<br />2,265,000
<br />1,710,968
<br />886,735
<br />(752,587)
<br />1,845,116
<br />752,587
<br />$ 67,974,513
<br />$ 6,120,620
<br />$ (8,885,709)
<br />$ 65,209,424
<br />$ 3,017,587
<br />$ 16,010,000
<br />$ 1,615,000
<br />$ (1,050,000)
<br />$ 16,575,000
<br />$ 7,810,000
<br />18,985,000
<br />11,810,000
<br />(865,000)
<br />29,930,000
<br />1,055,000
<br />800,445
<br />814,014
<br />(76,091)
<br />1,538,368
<br />-
<br />35,795,445
<br />14,239,014
<br />(1,991,091)
<br />48,043,368
<br />8,865,000
<br />415,740
<br />-
<br />(206,616)
<br />209,124
<br />209,124
<br />542,294
<br />519,548
<br />(517,870)
<br />543,972
<br />490,024
<br />$ 36,753,479 $ 14,758,562 $ (2,715,577) $ 48,796,464 $ 9,564,148
<br />76
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