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Centerville 2010 Financial Report
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Centerville 2010 Financial Report
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4/27/2011 12:00:16 PM
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CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />FOR THE YEAR ENDEDDECEMBER 31, 2010 <br /> <br />Note 3:DETAILED NOTES ON ALL FUNDS - CONTINUED <br />Changes in Long-term Liabilities <br />. During the year ended December 31, 2010, the following changes occurred in <br />noncurrent liabilities: <br /> <br />BeginningEndingDue Within <br />BalanceIncreasesDecreasesBalanceOne Year <br />Governmental activities <br />Bonds payable <br />General obligation <br />bonds$ 13,691,543$ -$ (2,882,104)$ 10,809,439$ 843,854 <br />Compensated absences <br />payable 33,859 66,388 (57,100) 43,147 37,429 <br />Other postemployment <br />benefits payable 14,768 - (14,768) - - <br />Governmental activities <br />long-term liabilities$ 13,740,170$ 66,388$ (2,953,972)$ 10,852,586$ 881,283 <br />Business-type activities <br />Compensated absences <br />payable$ 11,967$ 17,515$ (15,585)$ 13,897$ 12,384 <br />Other postemployment <br />benefits payable 4,664 - (4,664) - - <br />Business-type activities <br />long-term liabilities$ 16,631$ 17,515$ (20,249)$ 13,897$ 12,384 <br /> <br />-62- <br /> <br />
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