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City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 8 - LONG-TERM DEBT (CONTINUED)
<br />D. Minimum Debt Payments
<br />Minimum annual principal and interest payments required to retire long-term liabilities:
<br />Primary Government
<br />Year Ending
<br />December 31,
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027-2031
<br />2032-2036
<br />2037-2041
<br />2042-2044
<br />Total
<br />Year Ending
<br />December 31,
<br />Governmental Activities
<br />G.O. Bonds
<br />Principal Interest
<br />G.O. Revenue Bonds
<br />Principal Interest
<br />$ 1,420,000
<br />$ 758,549
<br />$ 845,000
<br />$ 1,071,588
<br />2,075,000
<br />660,810
<br />890,000
<br />1,029,337
<br />1,470,000
<br />589,285
<br />935,000
<br />984,838
<br />1,530,000
<br />531,760
<br />1,000,000
<br />938,087
<br />1,590,000
<br />473,060
<br />1,030,000
<br />888,088
<br />8,820,000
<br />1,505,056
<br />5,940,000
<br />3,651,487
<br />5,725,000
<br />570,263
<br />7,125,000
<br />2,469,287
<br />3,760,000
<br />239,404
<br />8,165,000
<br />1,430,819
<br />790,000
<br />7,335
<br />5,430,000
<br />329,100
<br />$ 27,180,000
<br />$ 5,335,522
<br />$ 31,360,000
<br />$ 12,792,631
<br />Business -Type Activities
<br />G.O. Revenue Bonds Revenue Bonds
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />2022
<br />$ 7,810,000
<br />$ 260,582
<br />$ 1,055,000
<br />$ 994,201
<br />2023
<br />580,000
<br />131,435
<br />915,000
<br />885,756
<br />2024
<br />580,000
<br />123,835
<br />955,000
<br />849,381
<br />2025
<br />595,000
<br />116,185
<br />990,000
<br />811,306
<br />2026
<br />605,000
<br />108,260
<br />1,035,000
<br />774,406
<br />2027-2031
<br />3,125,000
<br />411,486
<br />5,735,000
<br />3,309,713
<br />2032-2036
<br />2,790,000
<br />153,769
<br />6,730,000
<br />2,303,025
<br />2037-2041
<br />490,000
<br />29,700
<br />4,110,000
<br />1,511,706
<br />2042-2046
<br />-
<br />-
<br />4,705,000
<br />906,525
<br />2047-2049
<br />-
<br />-
<br />3,700,000
<br />238,632
<br />Total
<br />$ 16,575,000
<br />$ 1,335,252
<br />$ 29,930,000
<br />$ 12,584,651
<br />Business -Type Activities
<br />Year Ending Notes from direct borrowings
<br />December 31, Principal Interest
<br />2022 $ 209,124 $ -
<br />77
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