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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) <br />DECEMBER 31, 1982 � <br />Note 5 - Fixed Assets (Continued) <br />Changes in Enterprise Fund Fixed Assets during 1982 were as follows: <br />Balance <br />January 1, <br />1982 <br />Land $ 405,804 <br />Building and structures 1,642,356 <br />Furniture, equipment, <br />vehicles 1,119,831 <br />Distribution system 15,871,967 <br />Construction in progress 74,074 <br />Tota1 $19,114,032 <br />Less accumulated <br />depreciation <br />Note 6 - Lone-Term Debt <br />(4,268,264) <br />$14 845J68 <br />Additions Disposal <br />$ 2,772 <br />70,380 $ 2,402 <br />245,550 <br />74,074 <br />$ 318,702 $ 76,476 <br />( 281,099) 2,402 <br />S 37.603 S 74,074 <br />Balance <br />December 31, <br />1982 <br />$ 405,804 <br />1,645,128 <br />1,187,809 <br />16,117,517 <br />- 0- <br />$19,356,258 <br />(4,546,961} <br />$14 809.297 <br />The City has three types of bonded debt outstanding at December 31, 1982. They <br />are: (1) General Obligation Bonds, (2) General Obligation Improvemenc (Special <br />Assessment) Bonds, and (3) Golf Course General Obligation Revenue Bonds and Ice <br />Arena General Obligation Bonds. <br />The first type of bonds are payable solely from general property taxes. The second <br />type is payable primarily from special assessments and general property taxes. The <br />third type is payable from revenues in the golf course and ice arena operating funds <br />and from general property taxes. <br />There are a number of limitations and restrictions contained in the various bond <br />indentures. The City is in compliance with all significant limitations and <br />restrictions. All bonded debt is backed by the full faith and credit of the City <br />- 30- <br />