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<br />I CITY OF ELK RIVER, MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br />I DECEMBER 31,2005
<br />I Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br /> Issue Maturity Interest Authorized Payable
<br /> Date Date Rate and Issued 12/31/05
<br />I Lease Revenue Bonds:
<br /> 1997 City Hall and Law Enforcement
<br /> Facility Revenue Refunding Bonds 12/1/1997 2/1/20 II 4.75-5.00% $ 2,295,000 $ 1,365,000
<br />I 2002A Public Safety Building Lease
<br /> Revenue Bonds 9/1/2002 2/1/2023 2.00-4.85% 8,000,000 7,420,000
<br />I Total lease revenue bonds 10,295,000 8,785,000
<br /> Special Assessment Bonds:
<br />I 1997A G.O. Improvement Bonds 8/1/1997 2/1/2006 4.375-5.00% 1,165,000 285,000
<br /> 1998A G.O. Improvement Bonds 12/1/1998 2/1/2009 3.55-4.30% 1,375,000 295,000
<br /> 1999A G.O. Improvement Bonds 7/1/1999 2/1/2006 4.10-5.00% 5,725,000 3,510,000
<br /> 2000C G.O. Improvement Refunding Bonds 11/1/2000 2/1/2006 4.40-4.70% 900,000 375,000
<br />I 2003A G.O. Improvement Bonds 12/9/2003 2/1/2014 2.00-4.00% 1,255,000 1,070,000
<br /> 2005A G.O. Improvement Bonds 6/14/2005 2/1/2016 2.75-3.70% 1,070,000 1,070,000
<br />I Total special assessment bonds 11,490,000 6,605,000
<br /> Permanent Improvement Revolving Bonds:
<br />I 2000B G.O. Improvement Bonds 11/1/2000 2/1/2006 4.40-5.40% 1,275,000 935,000
<br />Tax Increment Bonds
<br />I 1992D G.O. Tax Increment Bonds 11/10/1992 2/1/2007 7.9% 160,000 37,500
<br /> 2000A G.O. Tax Increment Bonds 11/1/2000 2/1/2015 4.45-5.30% 800,000 675,000
<br /> 2000D G.O. Tax Increment Refunding Bonds 11/1/2000 2/1/2007 6.70-7.40% 510,000 260,000
<br />I Total general obligation tax increment bonds 1,470,000 972,500
<br /> Certificates of Indebtedness:
<br />I 2001 G.O. Fire Equipment Certificates 12/1/2001 2/1/2006 3.75% 202,000 50,500
<br /> 2003 G.O. Equipment Certificates 2/28/2003 2/1/2006 2.25% 357,100 119,034
<br /> 2004 G.O. Equipment Certificates 6/1/2004 2/1/2007 2.50% 331,000 220,667
<br />I 2005D G.O. Equipment Certificates 6/1/2005 2/1/2010 3.90% 645,000 645,000
<br /> Total equipment certificates 1,535,100 1,035,201
<br />I Total bonded indebtedness 29,245,100 19,977,701
<br /> Compensated absences payable 481,096
<br />I Total governmental activities indebtedness $ 29,245,100 $ 20,458,797
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