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CITY OF CENTERVILLE,MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31,2014
<br /> Note 3: DETAILED NOTES ON ALL FUNDS-CONTINUED
<br /> Changes in long-term liabilities
<br /> During the year ended December 31,2014,the following changes occurred in noncurrent liabilities:
<br /> Beginning Ending Due Within
<br /> Balance Increases Decreases Balance One Year
<br /> Governmental activities
<br /> G.O Bonds $ 9,550,000 $ - $ (855,000) $ 8,695,000 $ 880,000
<br /> Compensated absences
<br /> payable 36,931 38,312 (41,265) 33,978 28,373
<br /> Governmental activities
<br /> long-term liabilities $ 9,586,931 $ 38,312 $ (896,265) $ 8,728,978 $ 908,373
<br /> Business-type activities
<br /> Compensated absences
<br /> payable $ 15,715 $ 18,075 $ (17,103) $ 16,687 $ 15,610
<br /> E. Fund equity
<br /> At December 31,2014,portions of the City's fund balance are not available for appropriation due to not being in
<br /> spendable form(Nonspendable),legal restrictions(Restricted),policy and/or intent(Assigned). The following is a
<br /> summary of the components of fund balance:
<br /> Other
<br /> Debt Governmental
<br /> General Service Park Funds Total
<br /> Nonspendable
<br /> Prepaid items $ 1,272 $ 23,797 $ - $ $ 25,069
<br /> Restricted for
<br /> Debt service - 1,775,752 - - 1,775,752
<br /> Street projects - - - 165,065 165,065
<br /> Cable TV - - - 20,403 20,403
<br /> Assigned for
<br /> Street projects - - - 8,365 8,365
<br /> Street maintenance - - - 247,653 247,653
<br /> Capital equipment - - - 9,017 9,017
<br /> Capital projects - - - 15,838 15,838
<br /> Unassigned 1,317,741 - (1,103,264) - 214,477
<br /> Total $ 1,319,013 $ 1,799,549 $(1,103,264) $ 466,341 $ 2,481,639
<br /> -60-
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