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CITY OF ROSEVILLE
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31,2004
<br />NOTE 4 - DETAILED NOTES ON ALL FUNDS (Continued)
<br />G. Long -term debt (Continued)
<br />Annual debt service requirements to maturity for general obligation -- improvement bonds are as follows:
<br />Government Activities
<br />Total $9,700,000 $3,103,697 $4,475,000 $ 6531274
<br />Changes in lonz -term liabilities
<br />Beginning Ending Due Within
<br />Governmental Activities Balance Additions Reductions Balance One Year
<br />Bonds payable:
<br />General obligation bonds $ 9,700,000 0 $ 0 $ 917001000 $ 1651000
<br />Special assessment debt
<br />with gov't commitment 52795,000 1,725,000 32045,000 4,475,000 890,000
<br />Total bonds payable 15;495;000 1;725;000 3;045;000 14;175; 000 L055;000
<br />Long -term notes payable 451378 0 201377 251001 151838
<br />Compensated absences 5951611 5301018 4241047 7011582 741788
<br />Governmental activities -
<br />Long -term liabilities $ 16,135,989 $ 2,255,018 $ 3,489,424 $ 14,901,583 $ 1,145,626
<br />Compensated absences are liquidated by the fund in which an employee is assigned, but roughly, half the
<br />employees are assigned to the general fund.
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<br />Special Assessment Debt with
<br />General Obligation
<br />Bonds
<br />Government Commitment
<br />Year Ending December 31
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />2005
<br />1651000
<br />3401310
<br />8901000
<br />1421256
<br />2006
<br />5351000
<br />3311559
<br />7101000
<br />1121312
<br />2007
<br />5451000
<br />3171378
<br />3751000
<br />931950
<br />2008
<br />5651000
<br />3021115
<br />3701000
<br />831232
<br />2009
<br />5801000
<br />2851646
<br />4051000
<br />711375
<br />2010 -2014
<br />3,26500
<br />1,107,281
<br />1172500
<br />1501149
<br />2015 -2019
<br />410451000
<br />4191408
<br />0
<br />0
<br />Total $9,700,000 $3,103,697 $4,475,000 $ 6531274
<br />Changes in lonz -term liabilities
<br />Beginning Ending Due Within
<br />Governmental Activities Balance Additions Reductions Balance One Year
<br />Bonds payable:
<br />General obligation bonds $ 9,700,000 0 $ 0 $ 917001000 $ 1651000
<br />Special assessment debt
<br />with gov't commitment 52795,000 1,725,000 32045,000 4,475,000 890,000
<br />Total bonds payable 15;495;000 1;725;000 3;045;000 14;175; 000 L055;000
<br />Long -term notes payable 451378 0 201377 251001 151838
<br />Compensated absences 5951611 5301018 4241047 7011582 741788
<br />Governmental activities -
<br />Long -term liabilities $ 16,135,989 $ 2,255,018 $ 3,489,424 $ 14,901,583 $ 1,145,626
<br />Compensated absences are liquidated by the fund in which an employee is assigned, but roughly, half the
<br />employees are assigned to the general fund.
<br />61
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