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CITY OF ROSEVILLE
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2009
<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 />Changes in long -term liabilities
<br />Beginning
<br />Special Assessment
<br />Ending
<br />Due Within
<br />Governmental Activities
<br />Balance
<br />Additions
<br />Debt with
<br />Certificate
<br />of
<br />Year Ending
<br />General Obligation
<br />Bonds
<br />Government Commitment
<br />Indebtednes s
<br />December 31
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />Principal
<br />Interest
<br />2010
<br />605,000
<br />323,326
<br />420,000
<br />41,677
<br />220,000
<br />81,908
<br />2011
<br />68500
<br />297,634
<br />440,000
<br />29,075
<br />260,000
<br />74,226
<br />2012
<br />710,000
<br />273,159
<br />455,000
<br />17,750
<br />270,000
<br />65,748
<br />2013
<br />745,000
<br />246,496
<br />210,000
<br />9,375
<br />275,000
<br />56,959
<br />2014
<br />77000
<br />218,415
<br />225,000
<br />3,375
<br />285,000
<br />47,645
<br />2015 -2019
<br />440000
<br />608,889
<br />0
<br />0
<br />1,240,000
<br />87,955
<br />2020 -2024
<br />445,000
<br />92,378
<br />0
<br />0
<br />0
<br />0
<br />2025
<br />105,000
<br />2,940
<br />0
<br />0
<br />0
<br />0
<br />Total
<br />$ 846500
<br />$ 2,063,237
<br />$1,750,000
<br />$101,252
<br />$2,550,000
<br />$414,441
<br />Changes in long -term liabilities
<br />Compensated absences are liquidated by the governmental fund in which an employee is assigned.
<br />63
<br />Beginning
<br />Ending
<br />Due Within
<br />Governmental Activities
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />Bonds payable:
<br />General obligation bonds
<br />$ 70000
<br />$1,155,000
<br />$ 580,000
<br />$ 8,465,000
<br />$ 60500
<br />Special assessment debt
<br />with gov't commitment
<br />2,13000
<br />1,07000
<br />1,450,000
<br />1,750,000
<br />42000
<br />Total bonds payable
<br />10,02000
<br />2,22500
<br />2,030,000
<br />10,215,000
<br />1,025,000
<br />General obligation certificate
<br />of indebtedness
<br />2,55000
<br />0
<br />0
<br />2,550,000
<br />22000
<br />Compensated absences
<br />1,202,978
<br />902,012
<br />848437
<br />1,256,553
<br />70,367
<br />Governmental activities -
<br />Long -term liabilities
<br />$ 13,772,978
<br />$ 3,127,012
<br />$ 2,878437
<br />$ 14,021,553
<br />$ 1,315,367
<br />Compensated absences are liquidated by the governmental fund in which an employee is assigned.
<br />63
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