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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2009 AND 2008
<br />Note Z; DETA~LE~ NOTES ~N ,ALL FUSS w C~NT~IUEI~
<br />Revenue Bands
<br />The following bonds were issued to finance capital improvements in the Electric fund, They will be retired from net
<br />revenues of the find.
<br /> Authorized Interest Issue Maturity December 31,
<br />Description and Issued Rate Date Date 2009 2008
<br />Electric Revenue
<br />Bonds, Series 2004A $ 944,000 x,00-4,25 % 08/01/04 02/01/15 $ 615,000 $ 700,000
<br />Electric. Revenue
<br />Bonds, Series 2006A 3,595,000 3,35-4.40 03/42/06 08/01/21 3,030,000 3,225,000
<br />Elech~ic Revenue
<br />Bonds, Series 2007A 2,875,000 4,00 03/28/07 02/01/22 2,875,000 2,875,000
<br />Total Revenue 13oz~ds $ 6,520,004 $ 6,800,400
<br />The annual requirements to amortize the revenue bonds as of December 31, 2009 are as follows;
<br />Year Ending
<br />December 31, Principal__ Interest Total
<br />2010 $ 460,000 $ 247,085 $ 707,085
<br />2011 480,000 229,784 709,784_.
<br />2012 495,000 211,434 706,43
<br />2013 520,000 192,358 712,35
<br />2014 545,000 172,221 717,221
<br />20152019 2,585,000 562,517 3,147,517
<br />2020-2022 1,435,000 87,400 1,522,400
<br />Total $ 6 520,000
<br />I $ 1,702,799 $ 8 222 799
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