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NOTE 5 — CAPITAL ASSETS (CONTINUED)
<br />C. Depreciation Expense by Function
<br />Goverrnnent al activities
<br />General =overluneut $ 847,045
<br />Public safety 462,543
<br />llighways and streets 2,766.709
<br />Culture and recreation 459,502
<br />Total depreciation expense— gos ernmental activities $ 4_535,799
<br />13 us iness-type activities
<br />Water Utility $ 824,966
<br />Sewer Utility 630.059
<br />Street Light Utility 32,886
<br />Storm Water Utility 405, 1 77
<br />Total depreciation expense— business -type activities $ 1,893,088
<br />NOTE 6 — LONG-TERM DEBT
<br />A. Components of Long -Term Debt
<br />Orig al Issue Interest Rate
<br />( ic,verumelat al a et rS'it les
<br />Bonds payable
<br />C3cncral C)bligat ion Improycmcnt Bonds
<br />Series 201113 $ 3,090,000
<br />Series 2015A $ 3.880,000
<br />Series 201 513 $ 1 .205,000
<br />Series 2016A $ 1.650,000
<br />Series 201 7.A $ 895,000
<br />Series 2018A $ 1.175,000
<br />Series 2020.A $ 9,055,000
<br />Series 2021A $ 9.845,000
<br />Series 2022.a $ 10,765,000
<br />Total general obligation is proyenient bands
<br />Capital Fyuipment l.crtificates
<br />Series 2013A $ 635.000
<br />Series 2014A $ 875,000
<br />1'ot al capital equipment certificates
<br />Una,non iced bond premiums
<br />C2u,npcnsatctl absence payable
<br />Net pension liability
<br />T utal c1PC,13 liability
<br />otal gos.ernmental activities
<br />1 . 1 5-2.50"':,
<br />3.0054,
<br />1 .00- 1
<br />2.00-3.00
<br />5.00'
<br />Penal Balm -lee —
<br />Issue Elate Maturity Coate b.na ail- Year
<br />12 29 2011
<br />6 15 2015
<br />6 1 5 201 5
<br />7 21 2016
<br />8 1 7 201 7
<br />7 17 2018
<br />12 30 2020
<br />10 19 2021
<br />12/6 2022
<br />9/5 2013
<br />C).f CI-2.35"0 12/3 2014
<br />12 15 2025
<br />12/1 2035
<br />12/1 2025
<br />12 15 2026
<br />12 15 2027
<br />12 15 2028
<br />12 15 2041
<br />12 15 2031
<br />12 15 2037
<br />$ 910,000
<br />2.840,000
<br />385,000
<br />685,000
<br />460,000
<br />735,000
<br />9,055,000
<br />9,060,000
<br />1 0,76 5,00(1
<br />34,895,000
<br />9/ 1 2023 70,000
<br />12 15 2024 190,000
<br />260,000
<br />1,95 1,694
<br />1,069,926
<br />15,256,095
<br />796,286
<br />54,229,00I
<br />13u',ne's-type ac .
<br />Net pension liability 716,367
<br />T et a1 goycrumcut and busiucss-t3-pc actiy it es $ 54,945,368
<br />B. Descriptions of Long -Term Debt
<br />• General Obligation Improvement Bonds —
<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 164t' 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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