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NOTE 4 — CAPITAL ASSETS (CONTINUED) C. Depreciation Expense by Function Oovernmental activities General government $ 835.502 Public safety 406.404 Highways and streets 2.539.788 Culture and recreation 448.764 Total depreciation expense govennnental activities $ 4.230.458 Business -type activities Water Utility $ 779.109 Sewer Utility 581.239 Street Light Utility 35.784 Storm Water Utility 358.409 Total depreciation expense —business-type activities $ 1.754.541 NOTE 5 — LONG-TERM DEBT A. Components of Long -Term Debt Original Issue Interest Rate Issue Date Final Balance — Matirity Date End of Year C;o--ermnent al acties Bonds payable C;eneral Obligation Inipro--ement Bonds Series 011B $ 3.090.000 Series 2015A $ 3.880.000 Series 2015B $ 1.205.000 Series 2016A $ 1.650.000 Series 2017A $ 895.000 Series 01SA $ 1.175.000 Series 2020A $ 9.055.000 Series 2021A $ 9.5-45.000 Total general obligation it pro--ement bonds Capital Equipment Certificates Series 2013A $ 635.000 Series 01-4A $ 875.000 Total capital equipment certificates LSnamortized bond premiums C'or pensated absences payable Net pension liability Total OPEB liability Total go-vernmental acties 12; 29; 2011 12: 15; 2025 $ 1.200.000 6: 1 5; O 1 5 1 2: 1: 2035 3.020.000 6: 15. 2015 12: 1: 2025 510.000 7; 1;2016 12:15;2026 855.000 S: 1 7; 017 1 ': 1 5; ' 0' 7 550.000 7: 17; 2015 1': 15;'0'S 850.000 12;30. 2020 12: 15;'0-41 9.055.000 10: 19. 2021 12: 15; 2031 9.5-45.000 9; 5; 2013 1 2; 3 ; 01-4 25.885.000 9: 1; 2023 1-40.000 12: 15; 202-4 80.000 -4 2 0.000 795.71-4 1.113.0-49 -4.1 2 5.-461 563.33-4 3 2.905 SSS Business -type actes Net pension liability 395.230 Total go--ernment and business -type acti,ities $ 33.300.788 B. Descriptions of Long -Term Debt • General Obligation Improvement Bonds — The Series 2011B were Improvement Crossover Refunding bonds that were issued to refund the 2005B Series bonds that were called on December 15, 2014. The Series 2015A bonds were issued to finance the construction of Fire Station #2 in the City. The Series 2015B were issued to fund the road improvements related to the reconstruction of Garnet and 168t' Avenue and some overlay projects. The Series 2016A were issued to fund the road improvements related to the reconstruction of Andrie Street and 164t' Lane and some overlay projects. The Series 2017A were issued to fund road improvements related to the reconstruction of Alpine Drive and Sunwood Drive. 75