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NOTE: 4 — LONG-TERM LIABILITIES <br />A. Components of Long -Term. Debt <br />Final <br />Balance — <br />Original Issua . Interest Rate <br />Issue Date Maturity Date <br />End of Year <br />Governmental activities <br />General obligation {G.O.j bonds <br />G.O. Rcfunding.Bonds of2015A $ 775,000 1 25-2.900/6 <br />06/17/2915 02/0112028. <br />S 470,000 <br />G.O. improvement.Bonds of 2018A 9 660,000 3.00.--4.00% <br />07/12/2018 02/01/2034 <br />595,0.00 <br />1,065.,000 <br />Unamortizea premiums <br />14,799 <br />Total.governmental activities long -teen debt S 1,079,799 <br />.B. Chwiges in Long -Term Debt <br />Balance— Balance— <br />Beginning End Due Within <br />ofYcar Additions rtetirements ❑f`Yen One Year <br />Got unemal activities <br />G.O.bonds <br />0.0. Refunding Bonds o£2015A <br />S 530,0.00. S <br />— S 66 000 <br />S 470,000 S 65,000 <br />G*0. Improvement Bonds of 2018A <br />630,000 <br />— 35,000 <br />595,000 40,000 <br />Unmwrtiied premiums <br />16,081. <br />— 1..292 <br />14,799 — <br />Total <br />1 1;176,08t• S <br />— $: 96182 <br />5 1,079.799 $ 105.000 <br />C. Wn.imum Debt.Payments <br />Minimum annual principal and interest payments fequiredlo retire bonds payable are as follows: <br />Governmental <br />Year Ending <br />Activities <br />December 31, <br />. Principal Interest <br />.2022 <br />$ 105;000 S <br />31,659 <br />2023 <br />.1051000 <br />29,029 <br />2024 <br />105,000 <br />.26,30.1 <br />2025. <br />105i000 <br />23,476 <br />:2026 <br />110,000 <br />20,488 <br />2027:2031 <br />375:000 <br />59,260. <br />2032.-2034 <br />160,D00 <br />9,800 <br />Tbod. <br />S 1,065,000 $ <br />-00,013. . <br />D.- DescMptiollt-of Loag-Tertit Debt <br />General-Obligatibri Bonds — The .bonds were issued for .irtiprovemnents or projects, or to refund <br />previously*issuo bonds, which benefited the City as a whole.. and are, therefore, repaid from ad valorem. <br />levies. <br />E. Uttlmate.Responsibility for Debt <br />All general oblignttiori Bonds are backed by the full faith and credit of the City. <br />-28- <br />