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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
<br />Sewer Utility
<br />Street Light Utility
<br />Storm Water Utility
<br />Total depreciation expense — business -type activities
<br />NOTE 5 — LONG -TERM DEBT
<br />A. Components of Long-Term Debt
<br />$ 690,064
<br />283,060
<br />965,572
<br />216,490
<br />$ 2,155,186
<br />$ 539,661
<br />438,866
<br />30,837
<br />203,910
<br />$ 1,213,274
<br />Final Balance —
<br />Original Issue Interest Rate Issue Date Maturity Date End of Year
<br />Governmental activities
<br />Bonds payable
<br />General Obligation Tax Increment Bonds
<br />Tax Increment Bonds, Series 2001A $ 1,680,000 6.05 -6.75% 2/28/2001 12/15/2011 $ 50,000
<br />Tax Increment Bonds, Series 2006A $ 1,035,000 4.85 -5.15% 1/1/2006 12/1/2011 200,000
<br />Tax Increment Refunding Bonds, Series 2007B $ 945,000 3.72 -4.00% 3/1/2007 12/15/2014 925,000
<br />Total tax increment bonds 1,175,000
<br />General Obligation Capital Improvement
<br />Capital Improvement Refunding Bonds, Series 2004A $ 1,480,000 1.80-4.00% 11/1/2004 2/1/2017 865,000
<br />General Obligation Improvement Bonds
<br />Series 2005B $ 4,335,000 2.75 -4.25% 6/1/2005 12/15/2025 3,665,000
<br />Series 2009A $ 1,340,000 3.72 -4.00% 11/1/2009 4/1/2019 1,200,000
<br />Total general obligation capital improvement bonds 4,865,000
<br />Lease Revenue Bonds
<br />Public Facility Lease Revenue Bonds, Series 2005A (EDA) $ 19,200,000 4.00 -4.40% 6/1/2005 12/15/2027 17,790,000
<br />Total bonds payable 24,695,000
<br />Capital Equipment Certificates
<br />Capital Equipment Certificates of Indebtedness, Series 2007A $ 790,000 3.65 -3.75% 3/1/2007 2/1/2012 335,000
<br />Total capital equipment certificates 335,000
<br />Compensated absences payable 742,211
<br />OPEB 141,817
<br />Total governmental activities debt $ 25,914,028
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