Laserfiche WebLink
CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2013 <br />Note 3:DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> <br />D.Advances from/to other funds <br />The following is a schedule of interfund advances: <br />Receivable Fund <br />Payable FundAmount <br />Due to/from other funds <br />Sewer Park$1,124,937 <br />Sewer Storm water66,980 <br />Subtotal of interfund balances1,191,917 <br />Interfund activity eliminated from government-wide statements(66,980) <br />Total internal balances - government-wide statements$1,124,937 <br />All of the above interfund advances have associated amortization schedules, of which current payments are being made. <br />E.Long-term debt <br />General obligation bonds <br />The Cityissues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. <br />General obligation bonds have been issued for governmental activities. <br />General obligation bonds are direct obligations and pledge the full faith and credit of the City.General obligation bonds <br />currently outstanding are as follows: <br />General obligation improvement bonds <br />The following bonds were issued to finance various improvements and will be repaid primarily from special assessments <br />collections and tax levies. <br />Interest <br />AuthorizedIssueMaturityBalance at <br />DescriptionRate <br />and IssuedDateDateYear End <br />G.O. Improvement <br />Bonds of 2009A$3,715,0002.65 - 5.60%08/19/0908/01/25$3,450,000 <br />G.O. Crossover <br />Bonds of 2009B2,430,0002.00 - 3.0010/29/0909/01/181,945,000 <br />G.O. Improvement <br />Bonds of 2011A2,760,000.70 - 2.4504/14/1107/01/192,215,000 <br />G.O. Improvement Refunding <br />Bonds of 2012A515,0001.00 - 1.7006/14/1202/01/21455,000 <br />G.O. Improvement <br />Bonds of 2013A1,465,0001.63 - 3.0006/01/1302/01/291,485,000 <br />Total General Obligation Improvement Bonds$9,550,000 <br /> <br />