|
City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 9 — LONG-TERM DEBT (CONTINUED)
<br />C. Changes in Long -Term Liabilities
<br />Long-term liability activity for the year ended December 31, 2022, 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 />Lease liability
<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 />Lease liability
<br />Compensated absences payable
<br />Business -type activities
<br />long-term liabilities
<br />Beginning
<br />Ending
<br />Due Within
<br />Balance
<br />Additions Reductions
<br />Balance
<br />One Year
<br />$ 27,180,000
<br />$ - $ (1,420,000)
<br />$ 25,760,000
<br />$ 2,075,000
<br />31,360,000
<br />- (845,000)
<br />30,515,000
<br />890,000
<br />4,824,308
<br />- (251,933)
<br />4,572,375
<br />-
<br />63,364,308
<br />- (2,516,933)
<br />60,847,375
<br />2,965,000
<br />-
<br />518,603 (110,772)
<br />407,831
<br />99,435
<br />1,845,116
<br />796,905 (775,591)
<br />1,866,430
<br />775,591
<br />$ 65,209,424 $ 1,315,508 $ (3,403,296) $ 63,121,636 $ 3,840,026
<br />$ 16,575,000
<br />$ $ (7,810,000)
<br />$ 8,765,000
<br />$ 580,000
<br />29,930,000
<br />(1,055,000)
<br />28,875,000
<br />915,000
<br />1,538,368
<br />- (69,879)
<br />1,468,489
<br />-
<br />48,043,368
<br />- (8,934,879)
<br />39,108,489
<br />1,495,000
<br />209,124
<br />- (209,124)
<br />-
<br />-
<br />-
<br />50,570 (8,675)
<br />41,895
<br />9,216
<br />543,972
<br />581,206 (490,024)
<br />635,154
<br />571,867
<br />$ 48,796,464
<br />$ 631,776 $ (9,642,702)
<br />$ 39,785,538
<br />$ 2,076,083
<br />74
<br />
|