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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2007
<br />Note 3: DETAILED NOTES ON ALL FUNDS -CONTINUED
<br />Issue
<br />PRIMARY GOVERNMEN'P Date
<br />Tax Increment Bonds
<br />2000A G.O. Tax Increment Bonds
<br />2000D G.O. Tax Increment Refunding Bonds
<br />Tota] general obligation tax increment bonds
<br />Certificates of ]ndebtedness:
<br />2005ll G.O. Equipment Certificates
<br />2006B G.O. Equipment Certificates
<br />2007B G.O. Equipment Certificates
<br />Total equipment certificates
<br />Total bonded indebtedness
<br />Capital teases
<br />Compensated absences payable
<br />Total govemmen[al activities indebtedness
<br />BUSINESS-TYPE ACTIVITIES:
<br />General Obligation Revenue Bonds:
<br />19988 G.O. Water Revenue Bonds
<br />2DOlA G.O. Water Revenue Bonds
<br />20028 City Half Expansion Revenue Bonds
<br />20038 G.O. Water Revenue Bonds
<br />2004A Electric Revenue bonds
<br />2005B G.O. Sewer Revenue Refunding Bonds
<br />2005C Liquor Revenue Bonds
<br />2006A Electric Revenue Bonds
<br />2007A Electric Revenue Bonds
<br />Total banded indebtedness
<br />Promissory note
<br />Compensated absences payable
<br />Total business-type activities indebtedness
<br />Total City indebtedness
<br />COMPONENT UNIT
<br />Contract for deed
<br />Maturity
<br />Date
<br />Interest Authorized Payable
<br />Rate and Issued 12/31/07
<br />11/1/20D0 2/1/2015 4.45-5.30% $ 800,000 $ 565,000
<br />ti/1/2000 2/1/2007 6.70-7.40% 510,000 110,000
<br /> 1,310,000 675,000
<br />
<br />bil/2005 2/1/2010 3.90%" 645,ODD 440,250
<br />6/1/2006 2/1/201] 3.80% 437,000 349,600
<br />6/1/2007 2/1/2010 5.20% 300,500 300,500
<br /> 1,382,500 1,090,350
<br />
<br /> 36,177,500 28,740,350
<br />1/15/2006 4/6/2013 5.00-6.00°/" 2,657,694 2,123,092
<br /> - 553,378
<br /> $ 38,835.194 $ 31,416,820
<br />]2/1/]998 2/i/2014 4.1OS .00% $ 820,000 $ 450,D00
<br />IO/11200] 2/1/2022 2.50-4 .90% 3,590,000 3,020,000
<br />9/1/2002 2/7/2023 3.00-5 .00% 1,695,000 1,465,000
<br />12/9/2003 2/1/2014 2.00-3 .70% 1,995,000 1,475,000
<br />8/1/2004 2/1/2015 3.00-4 .25% 940,000 785,000
<br />6/14/2005 2/ll2016 3.00-4 .00% 1,660,000 1,520,000
<br />6/IY2005 2/1/2015 4 .50% 1,200,000 1,150,000
<br />3/2/2006 8i 1'2021 3.15-4 .00% 3,595,000 3,415,000
<br />3/28/2007 2/1/2022 4. 00% 2,875,000 2,875,000
<br />18,370,000 76,155,000
<br />03/19/02 12/31/23 "/0 3,521,000 2,879,054
<br />- 347,864
<br />$ 21,891,000 $ 19,381,918
<br />$ 60,726,194 $ 50,798,738
<br />12/28/2006 1/15/2012
<br />6.00% $ 504.000 $ 46Q,036
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