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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2000
<br />Note 6: LONG-TERM OBLIGATIONS - CONTINUED
<br />Total long-term debt $28,401,4513
<br />Debt Principal
<br />Balance
<br />Issued Retired
<br />. . ...........
<br />January 1
<br />Enterprise Funds:
<br />$1,000,000
<br />Liquor revenue bonds
<br />$ 1,080,000
<br />Sewer revenue bonds
<br />3,355,000
<br />Water revenue bonds
<br />2,755,000
<br />Electric equipment certificates
<br />172,500
<br />Total enterprise fund debt
<br />_7I30?,500
<br />Total long-term debt $28,401,4513
<br />Debt Principal
<br />Balance
<br />Issued Retired
<br />. . ...........
<br />December 31
<br />$ - $ 80,000
<br />$1,000,000
<br />- 170,000
<br />3,185,000
<br />- 185,000
<br />2,570,000
<br />- 5510_00,
<br />117,500
<br />490,000 6y8�72500
<br />$3,732,579 $3,817,033 $28,3116,999
<br />The long-term debt obligations outstanding at December 31, 2000 are summarized as follows:
<br />Interest Balance
<br />Types of Debt Maturities Rate December 31
<br />. .. ....... -
<br />..Re I". a ". �
<br />General obligation debt
<br />2001 -2004
<br />General obligation
<br />tax increment bonds
<br />2001 -2015
<br />Special assessment bonds
<br />2001 -2016
<br />Revenue bonds -
<br />Liquor
<br />2001 -2007
<br />Sewer
<br />2001 -2016
<br />Water
<br />2001 -2014
<br />Electric equipment certificates
<br />2001 -2002
<br />Storm sewer
<br />2001 -2009
<br />EDA refunding
<br />2001 -2011
<br />Ice Arena
<br />2001 -2013
<br />5.00-6.80%
<br />4.50-9.90
<br />2.75-6.25
<br />6.35
<br />5.00 - 5.80
<br />2.75-6.50
<br />4.68
<br />5.40-5.80
<br />4.75-5.00
<br />5.70
<br />Total bonded debt
<br />Other Loqg::terM_P.e bt
<br />State loan 2001 8.374
<br />Contract for deed 2001 -2004 7.00
<br />Total other long-term debt
<br />Total long-term debt outstanding
<br />(excluding compensated absences)
<br />23
<br />$ 612,450
<br />1,636,500
<br />13,640,000
<br />1,000,000
<br />3,185,000
<br />2,570,000
<br />117,500
<br />760,000
<br />2,295,000
<br />1,405,.Ppp
<br />2 �76 2 145Q
<br />47,087
<br />329,391
<br />3
<br />_ ..T§ �478
<br />$27,997,928
<br />
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