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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2012 <br />NOTE 4 - DETAILED NOTES ON ALL FUNDS (Continued) <br />G. Long -term debt (Continued) <br />Changes in long -term liabilities <br />Begiuniug <br />Balance Additions Reductions <br />Governmental Activities: <br />Bonds payable: <br />General obligation bonds <br />Premium on GO bonds <br />Special assessment debt <br />with govt commitment <br />Total bonds payable <br />General obligation certificate <br />of indebtedness <br />Net Pension Obligation OPEB <br />Compensated absences <br />Governmental activities - <br />Long - term liabilities <br />Business -Type Activities: <br />Compensated absences <br />Net OPEB obligation <br />Business type activities - <br />Long- term liabilities <br />Ending Due Within <br />Balance One Year <br />$17,175,000 $15,685,000 $ 71000 $ 32,150,000 $ 74500 <br />0 <br />1,444,996 <br />0 <br />1,444,996 <br />89000 <br />0 <br />4551000 <br />43500 <br />2101000 <br />18,065,000 <br />17,129,996 <br />1,1651000 <br />34,0291996 <br />9551000 <br />2,07000 <br />0 <br />27000 <br />1,800,000 <br />27500 <br />4291560 <br />1971346 <br />621862 <br />564,044 <br />0 <br />11384J78 <br />110701314 <br />965,815 <br />114881677 <br />2971735 <br />$ 21,948,738 <br />$18,397,656 <br />$ 2,4631677 <br />$ 3702,717 <br />$1,527,735 <br />125,986 <br />201038 <br />341243 <br />111,781 <br />221356 <br />35,169 <br />161157 <br />51147 <br />461179 <br />0 <br />$ 161,155 $ 361195 $ 39,390 $ 157,960 $ 221356 <br />For governmental activities, other postemployment benefits and compensated absences are generally <br />liquidated through the governmental fund in which an employee is assigned. <br />From time to time, the City has issued Industrial Revenue Bonds to provide financial assistance to <br />private- sector entities for the acquisition and construction of industrial and commercial facilities deemed <br />to be in the public interest. The bonds are secured by the property financed and are payable solely from <br />payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the <br />acquired facilities transfers to the private- sector entity served by the bond issuance. Neither the City, the <br />State, nor any political subdivision thereof is obligated in any manner for repayment of the bonds. <br />Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of <br />December 31, 2012, there were eleven series of Industrial Revenue Bonds outstanding, with an aggregate <br />principal amount payable of $65.8 million. <br />63 <br />