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2001 CAFR
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2001 CAFR
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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2001 <br />NOTE 4- DETAILED NOTES ON ALL FLJNDS (Continued) <br />D. Interfund receivables, payables, and transfers (Continued) <br />Interfund transfers: <br />Transfers Out <br />General <br />Infrastructure Replacement <br />Revolving Improvements <br />Economic Increments Construction <br />License Center <br />Total <br />E. Long-term debt <br />Transfers In <br />General Special <br />Revolving Recreation Obligarion Tax Assessment Informarion <br />Improvements Fund Increment Bonds Construction Technology <br />$ 44,640 $ 41,687 $ 0 S 0$ 0 <br />0 0 0� 750,000 0 <br />0 0 0 697,321 0 <br />0 0 8,400,000 0 0 <br />0 0 0 0 60,000 <br />Total <br />$ 86,327 <br />750,000 <br />697,321 <br />8,400,000 <br />60,000 <br />$ 44,640 $ 41,687 $ 8,400,000 � 1,447,321 $ 60,000 $ 9,993,648 <br />� <br />The City issues general obligation bonds to provide for fmancing tax increment projects and street <br />improvements. Debt service is covered respectively by tax increments and special assessments <br />against benefited properties with any shortfalls being paid from general taxes. <br />General obligation bonds are direct obligations and pledge the full faith and credit of the <br />government. These bonds generally aze issued as 15 year serial bonds with equal debt service <br />payments each year. <br />General obligation tax increment and special assessment bonds currently outstanding are as follows: <br />Purpose <br />General Obligation - T� Increment <br />Special Assessment Debt with Govemment Commitment <br />Total <br />52 <br />Net Interest <br />Rates Amount <br />534% $ 1,815,000 <br />4.55% - 5.94% 11,055,000 <br />$ 12,870,000 <br />
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