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NOTE 5 - LONG-TERM LIABILITIES (CONTINUED)
<br />C. Changes in General Obligation Bonds and Compensated Absences Payable
<br />Governmental activities
<br />Compensated absences
<br />Business -type activities
<br />Utility revenue bonds
<br />Premium
<br />Total bonds
<br />Compensated absences
<br />Total business -type activities
<br />Total government -wide
<br />D. Minimum Debt Payments
<br />Beginning Ending Due Within
<br />Balance Additions Deletions Balance One Year
<br />$ 98,255 $ 145,712 $ 138,484 $ 105,483 $ 79,112
<br />1,785,000
<br />- 225,000
<br />1,560,000
<br />235,000
<br />94,724
<br />- 15,556
<br />79,168
<br />-
<br />1,879,724
<br />- 240,556
<br />1,639,168
<br />235,000
<br />77,404
<br />104,878 118,139
<br />64,143
<br />47,940
<br />1,957,128
<br />104,878 358,695
<br />1,703,311
<br />282,940
<br />$ 2,055,383 $ 250,590 $ 497,179 $ 1,808,794 $ 362,052
<br />Minimum annual payments required to retire bonds are as follows:
<br />Business -Type Activities
<br />Year Ending Utility Revenue Bonds
<br />December 31, Principal Interest
<br />2024
<br />$ 235,000 $
<br />52,100
<br />2025
<br />245,000
<br />42,500
<br />2026
<br />255,000
<br />32,500
<br />2027
<br />265,000
<br />22,100
<br />2028
<br />275,000
<br />12,675
<br />2029
<br />285,000
<br />4,275
<br />Total $ 1,560,000 $ 166,150
<br />E. Revenue Pledged
<br />Future revenue pledged for the payment of long-term debt is as follows:
<br />Revenue Pledged
<br />Current Year
<br />Percent of
<br />Remaining
<br />Principal
<br />Pledged
<br />Use of Total Term of
<br />Principal
<br />and Interest
<br />Revenue
<br />Debt Issue Proceeds Type Debt Service Pledge
<br />and Interest
<br />Paid
<br />Received
<br />Utility Revenue Bonds of 2018A Utility improvements Utility charges 100% 2018-2029
<br />$ 1,726,150
<br />$ 286,299
<br />$ 5,511,260
<br />99�Gl
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