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NOTE 5 — LONG-TERM DEBT (CONTINUED)
<br />• General Obligation Improvement Bonds (continued) —
<br />The Series 2015A bonds were issued to finance the construction of Fire Station #2 in the City.
<br />The Series 2015B were issued to fund the road improvements related to the reconstruction of Garnet
<br />and 168th Avenue and some overlay projects.
<br />The Series 2016A were issued to fund the road improvements related to the reconstruction of
<br />Andrie Street and 164th Lane and some overlay projects.
<br />The Series 2017A were issued to fund road improvements related to the reconstruction of Alpine
<br />Drive and Sunwood Drive.
<br />The Series 2018A were issued to fund road improvements related to the reconstruction of
<br />Riversbend Avenue and Stanhope Terrace.
<br />• Capital Equipment Certificates —
<br />Series 2013A certificates were issued to finance various capital equipment purchases and will be
<br />repaid via ad valorem levies.
<br />Series 2014A certificates were issued to finance various capital equipment purchases and will be
<br />repaid via ad valorem levies.
<br />• Compensated Absences — The liability represents vested benefits earned by Governmental Fund
<br />employees through the end of the year which will be paid or used in future periods. The General Fund
<br />is the primary fund used to liquidate this liability.
<br />• Net Pension Liability (NPL) — The liability represents the City's proportionate share of PERA's
<br />collective net pension liability. The General, Water Utility, Sewer Utility and Storm Water Utility
<br />funds will be used to liquidate this liability.
<br />• Total Other Post -Employment Benefits (OPEB) Liability — The liability represents non -pension
<br />benefits provided after the termination of employment. The General Fund is the primary fund used to
<br />liquidate this liability.
<br />C. Changes in Long -Term Debt
<br />Balance -
<br />Beginning Balance — Due Within
<br />ofYear Additions Deletions End ofYear One Year
<br />Go vernmental activities
<br />G.O. iniprovenient Bonds $ 25,295,000 $ — $ 2,130,000 $ 23,165,000 $ 2,080,000
<br />Capital Equipment Certificates 875,000 — 150,000 725,000 150,000
<br />Compensated absences payable 905,627 694,946 651,873 948,700 616,655
<br />Net pension liability 4,683,942 962,803 778,951 4,867,794 Total OPEB liability 645,239 57,649 3,476 699,412
<br />Total governmental activities 32,404,808 1,715,398 3,714,300 30,405,906 2,846,655
<br />Business type Activities
<br />Net pension liability 543,043 52,803 51,802 544,044
<br />Total governmental and business
<br />type activities $ 32,947,851 $ 1,768,201 $ 3,766,102 $ 30,949,950 $ 2,846,655
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