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<br />CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2002 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS AND ACCOUNT GROUPS - CONTINUED <br /> <br />The annual service requirements to maturity for all bonds and leases outstanding at December 31, 2002 are as <br />follows: <br /> <br /> G.O. G.O. Capital <br /> Improvement Revenue Lease <br /> Bonds Bonds Payable Total <br />2003 $ 376,050 $ 141,225 $ 59,035 $ 576,310 <br />2004 421,208 141,248 562,456 <br />2005 280,413 145,853 426,266 <br />2006 282,730 140,123 422,853 <br />2007 284,430 144,023 428,453 <br />Thereafter 1.515.905 229.489 1.745.394 <br />i <br />Total 3,160,736 941,961 59,035 4,161,732 <br />Less interest (555.736) (136.961 ) (1.797) (694.494 ) <br />Principal S 2.605.000 S 805.000 S 57.238 S 3.467.238 <br /> <br />Amounts avaikzble for debt retirement. Available fund balance in the debt service funds for repayment of <br />long-term debt totaled $1,892,373 at year end. <br /> <br />Amounts to be provided for debt retirement. This represents future revenue to be generated for debt payments <br />and severance benefits payable, generally including interest earnings, tax increments, scheduled tax levies and <br />II deferred (future) special assessment levies. <br /> <br />F. Tax Increment Districts <br /> <br />The City is the admini!ltering authority for the following tax increment financing districts: <br /> <br />District Number 1-4 1-5 <br />Adjusted Original Tax Capacity $ 3,337 $ 708 <br />Current Tax Capacity (payable 2002) 11.852 807 <br />Captured Tax Capacity Retained by the City S 8.515 S 99 <br />Type of District Economic Economic <br /> <br />-20- <br />