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<br />7.
<br />. LONG -TERM DEBT
<br />The long -term debt obligations outstanding at year -end are
<br />summarized as follows:
<br />General obligation
<br />improvement bonds 1983 -1992 5.20 - 11.90% $3,580,000
<br />Changes in long -term debt during 1982 are summarized as follows:
<br />Balance Balance
<br />January 1, December 31,
<br />1982 Additions Retired 1982
<br />Description
<br />General obligation
<br />improvement bonds $3,240,000 $565,000 $225,000 $3,580,000
<br />General long -term
<br />debt 21,928 8,397 30,325
<br />Total
<br />Bond maturities are as follows:
<br />Principal
<br />1983 $ 290,000
<br />1984 360,000
<br />1985 370,000
<br />1986 415,000
<br />1987 440,000
<br />1988 and thereafter 1,705,000
<br />Total $3,580,000 $1,545,368
<br />DEPOSITS PAYABLE
<br />December 31,
<br />Maturities Rates 1982
<br />$3,261,928 $573,397 $225,000 $3610,325
<br />-17-
<br />Interest
<br />$ 289,925
<br />267,494
<br />240,368
<br />211,259
<br />178,718
<br />357,604
<br />Total
<br />$ 579,925
<br />627,494
<br />610,368
<br />626, 259
<br />618,718
<br />2,062,604
<br />$5,125,368
<br />A summary of the changes in platting fees and performance bonds
<br />deposited with the City during 1982, and accounted for in the
<br />Expendable Trust - Escrow Fund, is as follows:
<br />Deposits, January 1, 1982 $ 5,564
<br />Performance bonds $ 7,500
<br />Platting fee deposits received 1,090
<br />Other deposits 800
<br />Total 9,390
<br />Less:
<br />Fees retained by City 500
<br />Platting fee deposits refunded 491
<br />Total 991
<br />Deposits, December 31, 1982 $13 963
<br />
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