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NOTE 5 — LONG-TERM DEBT (CONTINUED)
<br />C. Changes in Long -Term Debt
<br />Balance -
<br />Beginning Balance — Due Within
<br />of Year Additions Deletions End of Year One Year
<br />Governmental activities
<br />G.O. Capital h rovement Bonds $ 265,000 $ — $ 130,000 $ 135,000 $ 135,000
<br />G.O. hnproveinent Bonds 26,795,000 1,650,000 1,460,000 26,985,000 1,805,000
<br />Capital Equipment Certificates 1,310,000 — 145,000 1,165,000 145,000
<br />Compensated absences payable 777,297 539,167 541,721 774,743 503,583
<br />Net pension liability 4,599,377 8,847,136 1,613,734 11,832,779 —
<br />OPEB 459,572 55,439 — 515,011
<br />Total governmental activities 34,206,246 11,091,742 3,890,455 41,407,533 2,588,583
<br />Business type Activities
<br />Net pension liability 408,072 318,910 87,651 639,331
<br />Total governmental and business
<br />type activities $ 34,614,318 $ 11,410,652 $ 3,978,106 $ 42,046,864 $ 2,588,583
<br />D. Minimum Debt Payments
<br />Minimum annual principal and interest payments required to retire bonds and capital equipment certificates
<br />are as follows:
<br />Governmental Activities
<br />Bonded and Capital Equipment Certificate Debt
<br />Year Ending
<br />December 31, Principal Interest
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022-2026
<br />2027-2031
<br />2032-2035
<br />2,085,000 $ 823,695
<br />2,020,000 754,233
<br />2,100,000 697,507
<br />2,025,000 640,426
<br />2,095,000 582,793
<br />9,510,000 2,085,061
<br />7,335,000 1,022,393
<br />1,1 15,000 88,650
<br />28,285,000 $ 6,694,758
<br />77
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