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<br />CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2004
<br />
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />
<br />Annual debt service requirements for general obligation improvement bonds are as follows:
<br />
<br />Year Ending
<br />December 31,
<br />
<br />General Obligation Improvement Bonds
<br />Governmental Activities
<br />Principal Interest Total
<br />
<br />Total
<br />
<br />$ 205,000 $ 198,804 $ 403,804
<br /> 1,065,000 175,793 1,240,793
<br /> 1,125,000 146,530 1,271,530
<br /> 360,000 127,115 487,115
<br /> 375,000 113,579 488,579
<br /> 1,540,000 373,851 1,913,851
<br /> 845,000 139,820 984,820
<br /> 195,000 4,387 199,387
<br />$ 5,710,000 $ 1.279,879 $ 6,989,879
<br />
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010 - 2014
<br />2015 - 2019
<br />2020 - 2024
<br />
<br />General Obligation Revenue Bonds
<br />
<br />The following bonds were issued to fmance improvements to the water system They will be retired by user cbarges
<br />and are backed by the full faith and credit of the City,
<br />
<br /> Balance
<br /> Authorized Interest Issue Maturity at
<br />Description and Issued Rate Date Date Year End
<br />G.O, Water Revenue
<br />Bonds of 1998 $ 720,000 4.40-4.80 % 07/01/98 02/01/09 $ 400,000
<br />
<br />Annual debt service requirements for general obligation revenue bonds are as follows:
<br />
<br />Year Endiog
<br />December 31,
<br />
<br />G.O. Revenue Bonds
<br />Business-type Activities
<br />Principal Interest Total
<br />
<br />$ 75,000
<br /> 75,000
<br /> 80,000
<br /> 85,000
<br /> 85,000
<br />$ 400,000
<br />
<br />$
<br />
<br />17,015 $ 92,015
<br />13,603 88,603
<br />9,998 89,998
<br />6,099 91,099
<br />2,039 87,039
<br />48,754 $ 448,754
<br />
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />
<br />Total
<br />
<br />$
<br />
<br />-29-
<br />
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