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CIT� Of ROSEVILIE. MINNESOTA <br />NOTES TO FINANUAL STATEMENTS (CONTINUED) <br />DECEMBER 31, 7997 <br />Note 8• Lor� Term DebY (Continued) <br />The City ta sibjeet to • lpal debt lin�it 6ascd on � pereentaqe of ntim�tad m�rket v�tue in <br />seeordenee ritA Nimesota Stetutes. The Cfty's leyal debt nrrpin �s of Ocsenixr 31, 7997 ras <br />532.82S.88H. <br />Chanpes in pmerel lonp term debt durirq 7991 ere sumisrixed as followa: <br />Accruad Yacation and <br />Severenee Pay <br />Generol Oblipstion Bords <br />Generol Oblipation <br />I�rovemmt 8ords <br />General Obligation <br />Tax Inercmmt Bords <br />Generel Obti9ation State <br />Aid Niphrsy Bards <br />TOtat <br />B�lanee <br />Janwry 1, <br />1997 <br />f 268,465 <br />uo, o00 <br />11,870,000 <br />22,020,000 <br />1.990.000 <br />Balance <br />Deember 31, <br />Additions Retired 9991 <br />S 80,612 S 349,077 <br />f 50,000 200,000 <br />S 2,000,000 6/0,000 13,260,000 <br />490,000 21,530,000 <br />95.000 S 1.895.000 <br />S 36.398.465 S 2.080.612 51.245.000 53�.234.077 <br />Aeerued veeation and severenee pay addition is net of siry eha�ges within the related e�loyee benefit aceounts <br />for the year. <br />The Ciiy defeascd severel debt isaues in 1990 xW ealled tuo issues; one in 7990 and a+e in 1991. ihe betance <br />of defesaed debc autsterdinp es of Cecenber 31, 7991 ie 51,025,000. Totel sasets in the escror as of Decenber <br />37, 7991 have s book value of 51,028,247. It is expeeted that interest esrnings on the essets eombined rith <br />the pri�cipet �itl p�ovide nwre then sufficSmt revmuc for the life of ihe eserow. <br />42 <br />