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NOTE 4 — CAPITAL ASSETS (CONTINUED)
<br />C. Depreciation Expense by Function
<br />Governmental activities
<br />General government
<br />Public safety
<br />Highways and streets
<br />Culture and recreation
<br />Total depreciation expense — governmental activities
<br />Business -type activities
<br />Water Utility $ 405,711
<br />Sewer Utility 337,334
<br />Street Light Utility 24,380
<br />Storm Water Utility 15 5, 901
<br />Total depreciation expense - business -type activities $ 923,326
<br />NOTE 5 -- LONG -TERM DEBT
<br />A. Components of Long -Term Debt
<br />$ 271,416
<br />302,929
<br />433,733
<br />138,485
<br />1,146,563
<br />Governmental activities
<br />Bonds payable
<br />General Obligation Tax Increment Bonds
<br />Tax Increment Bonds, Series 1999A $ 1,195,000 4.00 -4.50% 1/1/1999 1/1/2013 745,000
<br />Tax Increment Bonds, Series 2000B $ 1,695,000 5.10- 5.35% 6/1/2000 2/1/2009 450,000
<br />Tax Increment Bonds, Series 2001A $ 1,680,000 6.05-6.75% 2/28/2001 12/15/2011 1,090,000
<br />Tax Increment Bonds, Series 2001B $ 920,000 4.55-4.70% 3/1/2001 12/15/2014 920,000
<br />Tax Increment Bonds, Series 2001C $ 1,045,000 3.05-3.85% 12/3/2001 12/15/2009 790,000
<br />Tax Increment Bonds, Series 2006A $ 1,035,000 4.85-5.15% 1/1/2006 12/1/2011 885,000
<br />Tax Increment Refunding Bonds,
<br />Series 2003A $ 945,000 1.20 -- 2.25% 2/1/2003 2/1/2007 255,000
<br />Tax Increment Refunding Bonds,
<br />Series 2003B $ 1,285,000 1.45-2.75% 7/1/2003 2/1/2010 1,035,000
<br />Total tax increment bonds 6,170,000
<br />General Obligation Capital Improvement
<br />Capital Improvement Refunding Bonds,
<br />Series 2004A $ 1,480,000 1.80- 4.00% 11/1/2004 2/1/2017 1,285,000
<br />General Obligation Improvement Bonds
<br />Series 2005B $ 4,335,000 2.75 - 4.25% 6/1/2005 12/15/2025 4,335,000
<br />Lease Revenue Bonds
<br />Public Facility Lease Revenue Bonds
<br />Series 2005A (EDA) $ 19,200,000 4.00 - 4.40% 6/1/2005 12/15/2027 19,200
<br />Total bonds payable 30,990,000
<br />Capital Equipment Certificates
<br />Capital Equipment Certificates
<br />of Indebtedness, Series 2002A $ 295,000 1.75-3.25% 12/30/2002 12/15/2007 62,000
<br />Capital Equipment Certificates
<br />of Indebtedness, Series 2003A $ 675,000 1.20-2.50% 12/15/2003 12/15/2008 315,000
<br />Capital Equipment Certificates
<br />of Indebtedness, Series 2004B $ 345,000 2.00- 2.90% 12/15/2004 12/15/2009 210,000
<br />Capital Equipment Certificates
<br />of Indebtedness, Series 2005C $ 745,000 3.25 - 4.00% 12/15/2005 12/15/2010 675,000
<br />Total capital equipment
<br />certificates 1,262,000
<br />Compensated absences payable 527,567
<br />Total governmental activities debt $32 779,567
<br />Final Balance --
<br />Original Issue Interest Rate Issue Date Maturity Date End of Year
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