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NOTE 5 — LONG-TERM DEBT (CONTINUED)
<br />C. Changes in Long -Term Debt
<br />Governmental activities
<br />G.O. Improvement Bonds
<br />Capital Equipment Certificates
<br />Compensated absences payable
<br />Net pension liability
<br />Total OPEB liability
<br />Total governmental activities
<br />Business type Activities
<br />Net pension liability 581,651 17,458 56,066 543,043
<br />Balance -
<br />Beginning Balance — Due Within
<br />of year Additions Deletions End of year One Year
<br />$ 26,075,000 $ 1,175,000 $ 1,955,000 $ 25,295,000 $ 2,130,000
<br />1,020,000 145,000 875,000 150,000
<br />847,202 631,347 572,922 905,627 588,658
<br />5,892,660 613,388 1,822,106 4,683,942 —
<br />565,491 83,097 3,349 645,239
<br />34,400,353 2,502,832 4,498,377 32,404,808 2,868,658
<br />Total governmental and business
<br />type activities $ 34,982,004 $ 2,520,290 $ 4,554,443 $ 32,947,851 $ 2,868,658
<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 />December 31,
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024-2028
<br />2029-2033
<br />2034-2035
<br />Princip al Interest
<br />2,280,000 $ 761,691
<br />7,230,000 686,486
<br />2,300,000 624,143
<br />2,385,000 558,080
<br />7,155,000 500,518
<br />9,170,000 1,669,759
<br />5,140,000 472,459
<br />510,000 26,950
<br />26,170,000 $ 5,300,086
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