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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 />677,011
<br />301,753
<br />1,250,492
<br />377,066
<br />$ 2,606,322
<br />611,605
<br />441,250
<br />32,118
<br />218,955
<br />$ 1,303,928
<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 />Series 2012B $ 7,320,000 1.00-3.00% 6/5/2012 6/1/2024 $ 7,320,000
<br />General Obligation Tax Increment Refunding Bonds
<br />Series 2007B $ 945,000 3.75-4.00% 3/1/2007 12/15/2014 500,000
<br />Total tax increment bonds 7,820,000
<br />General Obligation Capital Improvement
<br />Capital Improvement Refunding Bonds,
<br />Series 2004A $ 1,480,000 1.80-4.00% 11/1/2004 2/1/2017 635,000
<br />General Obligation Improvement Bonds
<br />Series 2005B $ 4,335,000 2.75-4.25% 6/1/2005 12/15/2025 3,295,000
<br />Series 2009A $ 1,340,000 .85-4.50% 3/1/2007 4/1/2019 950,000
<br />Series 2011A $ 4,365,000 2.00-3.15% 9/7/2011 2/1/2032 4,365,000
<br />Series 2011B $ 3,090,000 2.00-2.70% 12/29/2011 12/15/2025 3,090,000
<br />Series2012A $ 16,875,000 3.00-3.75% 6/7/2012 12/15/2031 16,190,000
<br />Total general obligation capital improvement bonds 27,890,000
<br />Total bonds payable
<br />Compensated absences payable
<br />OPEB
<br />36,345,000
<br />760,944
<br />279,642
<br />Total governmental activities debt $ 37,385,586
<br />76
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