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CITY OF ROSEVILLE
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2008
<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 debt are as follows:
<br />Government Activities
<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 />Year Ending General Obligation Bonds
<br />Government Commitment
<br />Certificate of Indebtedness
<br />December 31 Principal
<br />Interest
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />2009 $ 58000
<br />$ 285,646
<br />$ 405,000 $
<br />71,375
<br />$
<br />0
<br />$ 82,105
<br />2010 60500
<br />267,115
<br />395,000
<br />5 8, 204
<br />22000
<br />81,908
<br />2011 62500
<br />246,346
<br />435,000
<br />43,765
<br />26000
<br />74,227
<br />2012 65000
<br />223,221
<br />450,000
<br />27,925
<br />27000
<br />65,748
<br />2013 68000
<br />198,284
<br />215,000
<br />1500
<br />27500
<br />56,959
<br />2014 -2018 3,86500
<br />573,470
<br />230,000
<br />5,175
<br />1,525,000
<br />13500
<br />2019 -2023 88500
<br />18,253
<br />0
<br />0
<br />0
<br />0
<br />Total $ 7,89000
<br />$1,812,335
<br />$2,130,000 $
<br />221,524
<br />$
<br />2,55000
<br />$ 496,547
<br />Changes in long -term liabilities
<br />Beginning
<br />Ending
<br />Due Within
<br />Governmental Activities
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />Bonds payable:
<br />General obligation bonds
<br />$ 8455,000
<br />$ 0
<br />$ 565,000
<br />$
<br />700,000
<br />$ 580,000
<br />Special assessment debt
<br />with gov't commitment
<br />2,500,000
<br />0
<br />370,000
<br />2,130,000
<br />405,000
<br />Total bonds payable
<br />10,955,000
<br />0
<br />935,000
<br />1020,000
<br />985,000
<br />General obligation certificate
<br />of indebtedness
<br />0
<br />2,55000
<br />0
<br />2,550,000
<br />0
<br />Long -term notes payable
<br />4,130
<br />0
<br />4,130
<br />0
<br />0
<br />Compensated absences
<br />987,672
<br />844,166
<br />628,860
<br />1,202,978
<br />67,367
<br />Governmental activities -
<br />Long -term liabilities
<br />$ 11,946,802
<br />$3,394,166
<br />$ 1,567,990
<br />$
<br />13,772,978
<br />$ 1,052,367
<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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