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NOTE 5 - LONG -TERM DEBT (CONTINUED)
<br />General long -term debt
<br />General Obligation Bonds
<br />Special Assessment Bonds
<br />Improvement Bonds,
<br />Series 1992B
<br />Tax Increment Bonds
<br />Tax Increment Refunding
<br />Bonds, Series 1993A
<br />Tax Increment Bonds,
<br />Series 1995A
<br />Tax Increment Refunding
<br />Bonds, Series 1996A
<br />Tax Increment Bonds,
<br />Series 1999A
<br />Tax Increment Bonds,
<br />Series 2000B
<br />Lease Revenue Bonds
<br />Public Facility Lease
<br />Revenue Bonds, EDA
<br />Series 1999A
<br />Total bonds payable
<br />Capital Equipment Certificates
<br />Capital Equipment Certificates
<br />of Indebtedness, Series 2000A
<br />Compensated absences payable
<br />Total general long -term debt
<br />General obligation bonds
<br />Special Assessment Bonds
<br />Tax Increment Bonds
<br />Lease Revenue Bonds
<br />Capital Equipment Certificates
<br />Compensated absences - net
<br />CITY OF RAMSEY
<br />Notes to Financial Statements (continued)
<br />December 31, 2000
<br />The long -term debt obligations outstanding at year -end are summarized as follows:
<br />Original
<br />Issue
<br />B. Statement of Changes in General Long -Term Debt
<br />Balance
<br />Beginning
<br />of Year
<br />-23-
<br />Interest
<br />Rate
<br />New Debt
<br />Issues
<br />- 257,000
<br />212.445 28.145
<br />Issue
<br />Date
<br />Debt
<br />Retired
<br />Final
<br />Maturity
<br />Date
<br />$ 620,000 3.50 -5.25% 2 -1 -1992 2 -1 -2001 $ 25,000
<br />$ 2,225,000 3.10 -4.60% 11 -1 -1993 2 -1 -2007 1,530,000
<br />$ 2,600,000 4.50 -5.65% 3 -1 -1995 2 -1 -2010 2,115,000
<br />$ 330,000 5.70 -6.25% 1 -1 -1996 2 -1 -2007 235,000
<br />$ 1,195,000 4.00 -4.50% 1 -1 -1999 1 -1 -2013 1,195,000
<br />$ 1,695,000 5.10 -5.35% 6 -1 -2000 2 -1 -2009 1,695,000
<br />$ 1,665,000 4.30 -5.80% 12 -1 -1999 2 -1 -2019 1.665.000
<br />8,460,000
<br />$ 257,000 5.25% 3 -21 -2000 1 -1 -2004 257,000
<br />240.590
<br />$ 70,000 $ - $ 45,000 $
<br />5,390,000 1,695,000 315,000
<br />1,665,000
<br />Balance
<br />End of
<br />Year
<br />$ 8,957,590
<br />Balance
<br />End of Year
<br />25,000
<br />6,770,000
<br />1,665,000
<br />257,000
<br />240.590
<br />$ 7,337,445 $ 1,980,145 $ 360,000 $ 8,957,590
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