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<br />CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 3t, 2007
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />Annua] debt servi ce requirements to maturity for long-term obligations are as follows:
<br /> Primary Government -Governmental Activities
<br /> G.O. Bonds G.O. Revenue Bonds Lease Revenue Bonds
<br /> Principal Interest Principal Interest Principal Interest
<br />
<br />2008 $ 85,000 $ 423,789 $ 245,000 $ 68,505 $ 56Q,DOD $ 323,815
<br />2009 110,000 53Q,664 255,000 14,540 585,000 300,744
<br />2010 ]15,000 526,389 160,000 39,900 615,000 275,730
<br />2011 120,000 521,924 170,000 3D,780 480,000 252,888
<br />2012 125,000 517,269 180,000 21,090 360,000 236,145
<br />2013-2017 1,485,000 2,48Q324 190,000 10;830 2,975,000 1,194,888
<br />20IR-2022 3,(10,000 2,002,099 - - 2,155,000 212,360
<br />2023 - 2027 3,835,000 1,310,389 - -
<br />2028 - 2032 3,445,000 552,496 - - - -
<br />2U33 790,000 16,985 - - - -
<br />
<br />Total $ 13220.000 $ 8,882,328 $ 1,200,000 $ 2?5.645 $ 7,730000 $ 2,796,570
<br />
<br /> P rimary Government-Gov ernmental Activities
<br /> Special Assessment Bonds Tax Increment Bonds Cerfi(ice2s oPindebtedness
<br /> Principal Interest Principal Interest Principal Interest
<br />
<br />2008 $ 270,000 $ 190,319 S 170,000 $ 31,362 $ 334,317 $ 41,558
<br />2009 585.000 163,195 65,000 23,902 334,317 24,701
<br />2010 510,000 143,011 65,000 20,766 334,316 10,448
<br />20ll 505,000 124,185 70,000 17,458 87,400 1,661
<br />2012 5D5,000 105,223 70,000 13,975 - -
<br />2013-2017 2,140,000 254,352 235,000 18,752 - -
<br />2018 - 2022 310,000 6,200 - - - -
<br />
<br />'Coto( S 4,825,000 $ 986,485 $ 675,000 $ 126,215 $ 1,090,350 $ 78.368
<br />
<br /> Primary Government -Business-Type Activities Component U nit
<br /> G.O. Revenue Bands Notes Payable Contract for deed
<br /> Principal Interest Principal ]nterest Principal Interest
<br />
<br />2008 $ 1,330,000 $ 627,928 S 177,060 $ - $ 91,925 $ 26,244
<br />2009 935,000 586,510 177,348 - 97,523 20.645
<br />2010 1, 145,D00 549,275 179,328 - 103,462 14,707
<br />2011 1,23Q,000 505,295 182,436 - ]09,763 8,406
<br />2012 1,290,000 457,350 183,444 - 57,363 1,721
<br />2013 - 2017 5,308000 1,412,103 956,952 - - _
<br />2018 - 2022 4,790,000 593,979 1,022,486 - - -
<br />2023 - 2027 135,000 3,375 - - -
<br />
<br />Total $ ]6,155,D00 $ 4775815 $ 2.879.D54 $ 460,036 71,723
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