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<br />NOTE 4 – CAPITAL ASSETS (CONTINUED)
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<br />C. Depreciation Expense by Function
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<br />NOTE 5 – LONG-TERM DEBT
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<br />A. Components of Long-Term Debt
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<br />Governmental activities
<br />General government 847,946$
<br />Public safety 280,562
<br />Highways and streets 1,296,899
<br />Culture and recreation 389,542
<br />Total depreciation expense – governmental activities 2,814,949$
<br />Business-type activities
<br />Water Utility 623,825$
<br />Sewer Utility 440,880
<br />Street Light Utility 41,042
<br />Storm Water Utility 233,453
<br />Total depreciation expense – business-type activities 1,339,200$
<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 300,000
<br />Total tax increment bonds 7,620,000
<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 515,000
<br />General Obligation Improvement Bonds
<br />Series 2005B 4,335,000$ 2.75-4.25% 6/1/2005 12/15/2025 3,100,000
<br />Series 2009A 1,340,000$ .85–4.50% 3/1/2007 4/1/2019 820,000
<br />Series 2011A 4,365,000$ 2.00–3.15% 9/7/2011 2/1/2032 4,145,000
<br />Series 2011B 3,090,000$ 2.00–2.70% 12/29/2011 12/15/2025 3,090,000
<br />Series 2012A 16,875,000$ 3.00–3.75% 6/7/2012 12/15/2031 15,740,000
<br />Total general obligation capital improvement bonds 26,895,000
<br />Total bonds payable 35,030,000
<br />Capital Equipment Certificates
<br />Capital Equipment Certificates of Indebtedness,
<br />Series 2013A 635,000$ .50-3.00% 9/5/2013 9/1/2023 635,000
<br />Total capital equipment certificates
<br />Compensated absences payable 819,833
<br />OPEB 347,007
<br />Total governmental activities debt 36,831,840$
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