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<br />NOTE 4 – LONG-TERM LIABILITIES
<br />
<br />A. Components of Long-Term Liabilities
<br />
<br />Final
<br />Maturity Authorized Balance –
<br />Issue Date Date and Issued End of Year
<br />Governmental activities
<br />Compensated absences 78,302$
<br />Net pension liability 813,204
<br />Total governmental activities 891,506$
<br />Business-type activities
<br />General Obligation Bonds
<br />Utility Revenue Bonds of 2018A 07/18/2018 02/01/2029 3.00–4.00 % 2,415,000$ 2,415,000$
<br />Premium 156,952
<br />Compensated absences 46,744
<br />Net pension liability 396,171
<br />Total business-type activities 3,014,867$
<br />Total government-wide activities 3,906,373$
<br />Interest Rate
<br /> B. Changes in Long-Term Liabilities
<br />
<br />Beginning Ending Due Within
<br />Balance Additions Deletions Balance One Year
<br />Governmental activities
<br />Compensated absences 49,694$ 98,009$ 69,401$ 78,302$ 58,727$
<br />Net pension liability 971,048 67,757 225,601 813,204 –
<br />Total governmental activities 1,020,742 165,766 295,002 891,506 58,727
<br />Business-type activities
<br />Utility revenue bonds – 2,415,000 – 2,415,000 –
<br />Premium – 164,022 7,070 156,952 –
<br />Total bonds – 2,579,022 7,070 2,571,952 –
<br />Compensated absences 44,716 70,707 68,679 46,744 35,058
<br />Net pension liability 497,257 43,393 144,479 396,171 –
<br />Total business-type activities 541,973 2,693,122 220,228 3,014,867 35,058
<br />Total government-wide 1,562,715$ 2,858,888$ 515,230$ 3,906,373$ 93,785$
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