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NOTE 5 —CAPITAL ASSETS (CONTINUED)
<br />C. Depreciation Expense by Function
<br />Governmental activities
<br />General government
<br />$
<br />847,045
<br />Public safety
<br />462,543
<br />Highways and streets
<br />2,766,709
<br />Culture and recreation
<br />459,502
<br />Total depreciation expense — governmental activities
<br />$
<br />4,535,799
<br />]Business -type activities
<br />Water Utility
<br />$
<br />824,966
<br />Sewer Utility
<br />630,059
<br />Street Light Utility
<br />32,886
<br />Storm Water Utility
<br />405,177
<br />Total depreciation expense — business -type activities
<br />$
<br />1,893,088
<br />NOTE 6 — LONG-TERM DEBT
<br />A. Components of Long -Term Debt
<br />Original Issue
<br />Governmental activities
<br />Bonds payable
<br />General Obligation Improvement Bonds
<br />Series 201 113
<br />$
<br />3,090,000
<br />Series 201 5A
<br />$
<br />3,880,000
<br />Series 20 1 513
<br />$
<br />1,205,000
<br />Series 201 6A
<br />$
<br />1,650,000
<br />Series 201 7A
<br />$
<br />895,000
<br />Series 201 8A
<br />$
<br />1,175,000
<br />Series 2020A
<br />$
<br />9,055,000
<br />Series 2021A
<br />$
<br />9,845,000
<br />Series 2022A
<br />$
<br />10,765,000
<br />Total general obligation improvement bonds
<br />Capital Equipment Certificates
<br />Series 2013A
<br />$
<br />635,000
<br />Series 2014A
<br />$
<br />875,000
<br />Total capital equipment certificates
<br />Unamortized bond preiriiums
<br />Compensated absences payable
<br />Net pension liability
<br />Total OPEB liability
<br />Total governmental activities
<br />Business -type activates
<br />Net pension liability
<br />T otal government and business -type activities
<br />B. Descriptions of Long -Term Debt
<br />• General Obligation Improvement Bonds —
<br />Final Balance —
<br />Interest Rate Issue Date Maturity Date End cf Year
<br />2.00-2.70OZo
<br />12/29/201 1
<br />2.00-3.50OZo
<br />6/15/2015
<br />2.00-2.25OZo
<br />6/15/2015
<br />2_00%
<br />7/21 /20 1 6
<br />1. 1 5-2_50OZo
<br />8/1 7/201 7
<br />3_00OZo
<br />7/1 7/201 8
<br />1 .00-1 _650Zo
<br />12/30/2020
<br />2.00-3 _00%
<br />1 0/1 9/2021
<br />5.00%
<br />1 2/6/2022
<br />0.50-3.00% 9/5/2013
<br />0.60-2.35% 12/3/2014
<br />12/15/2025
<br />$ 910,000
<br />1 2/1 /2035
<br />2,840,000
<br />1 2/1 /2025
<br />385,000
<br />12/15/2026
<br />685,000
<br />12/15/2027
<br />460,000
<br />12/15/2028
<br />735,000
<br />12/15/2041
<br />9,055,000
<br />12/15/2031
<br />9,060,000
<br />1 2/1 5/2037
<br />10,765,000
<br />34,895,000
<br />9/l/2023
<br />70,000
<br />12/15/2024
<br />190,000
<br />260,000
<br />1,951,694
<br />1,069,926
<br />15,256,095
<br />796,286
<br />54,229,001
<br />716,367
<br />$ 54,945,368
<br />The Series 2011B were Improvement Crossover Refunding bonds that were issued to refund the
<br />2005B Series bonds that were called on December 15, 2014.
<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 street improvements related to the reconstruction of
<br />Garnet and 168th Avenue and some overlay projects.
<br />The Series 2016A were issued to fund the street improvements related to the reconstruction of
<br />Andrie Street and 164' Lane and some overlay projects.
<br />The Series 2017A were issued to fund street improvements related to the reconstruction of Alpine
<br />Drive and Sunwood Drive.
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