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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 /> Governmental Activities
<br /> PIR Bonds Tax Increment Bonds Certificates of Indebtedness
<br />I Principal Interest Principal Interest Principal Interest
<br /> 2006 $ 935,000 $ 23,226 $ 145,000 $ 50,495 $ 337,867 $ 34,640
<br />I 2007 152,500 41,166 257,084 21,411
<br />2008 95,000 33,657 146,750 14,308
<br /> 2009 105,000 27,953 146,750 8,585
<br />I 2010 100,000 22,061 146,750 2,862
<br />2011 - 2015 375,000 50,185
<br />2016 - 2020
<br />I 2021 - 2023
<br />Total $ 935,000 $ 23,226 $ 972,500 $ 225,517 $ 1,035,201 $ 81,806
<br />I Business-Type Activities
<br /> G.O. Revenue Bonds Certificates of Indebtedness Notes Payable
<br /> Principal Interest Principal Interest Principal Interest
<br />I 2006 $ 2,280,000 $ 471,808 $ 125,000 $ 9,188 $ 127,272 $
<br /> 2007 740,000 422,535 125,000 3,062 129,556
<br />I 2008 745,000 397,653 131,945
<br />2009 800,000 370,468 134,255
<br />2010 835,000 340,338 136,485
<br />I 2011-2015 4,725,000 1,145,355 716,709
<br />2016 - 2020 1,835,000 439,445 771,684
<br />2021 - 2023 925,000 56,323 390,320
<br />I Total $ 12,885,000 $ 3,643,925 $ 250,000 $ 12,250 $ 2,538,226 $
<br />I Long-term liability activity for the year ended December 31,2005 was as follows:
<br /> Beginning Ending Due Within
<br />I Balance Additions Reductions Balance One Year
<br />Governmental activities:
<br /> Bonds payable:
<br />I G.O. revenue bonds $ 1,850,000 $ $ (205,000) $ 1,645,000 $ 215,000
<br /> Lease revenue bonds 9,285,000 (500,000) 8,785,000 520,000
<br /> Special assessment bonds 6,460,000 1,070,000 (925,000) 6,605,000 4,475,000
<br /> PIR bonds 1,020,000 (85,000) 935,000 935,000
<br />I Tax increment bonds 1,116,000 (143,500) 972,500 145,000
<br /> Certificates of indebtedness 705,967 645,000 (315,766) 1,035,201 337,867
<br /> Total bonds payable 20,436,967 1,715,000 (2,174,266) 19,977,701 6,627,867
<br />I Compensated absences 465,634 313,667 (298,205) 481,096 260,075
<br /> Governmental activity
<br />I long-term liabilites $ 20.902.601 $ 2.028.667 $(2.4 72.4 71) $ 20.458.797 $ 6.887.942
<br />I 50
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