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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF GENERAL LONG - TERM DEBT
<br />December 31, 1987
<br />Amount Available And To Be Provided For The
<br />Retirement of Long -Term Debt
<br />Amount available in Debt Service Fund
<br />Amount to be provided- future tax levies /assessments /tax increment collections
<br />Total available and to be provided
<br />General Long-Term Debt Payable
<br />Statement 20
<br />December 31,
<br />1987 1986
<br />$729,383 $745,308
<br />3,792,713 2,609,608
<br />$4,522,096 $3,354,916
<br />Bonds payable:
<br />General Obligation Bonds:
<br />1985 Certificate of Indebtedness $37,500 $72,500
<br />1987 Equipment Certificates 78,000
<br />Total. General Obligation Bonds 115,500 72,500
<br />General Obligation Bonds with special assessments pledged:
<br />G. O. Improvement Bonds of 1977 6,320
<br />G. O. Improvement Bonds of 1981 20,000 25,000
<br />G. O. Improvement Bonds of 1982 115,000 600,000
<br />G. O. Improvement Bonds of 1983 60,000 70,000
<br />G. O. Improvement Bonds of 1984 24,500 28,000
<br />G. O. Temporary Improvement Bonds of 1985 1,850,000 1,850,000
<br />G. O. Improvement Bonds of 1986 475,000 475,000
<br />G. O. Temporary Improvement Bonds of 1987 1,650,000
<br />Total General Obligation Bonds with special assessments pledged 4,194,500 3,054,320
<br />Total Bonds Payable 4,310,000 3,126,820
<br />Assessments payable on City property 148,096 148,096
<br />Contract for deed 64,000 80,000
<br />Total general long -term debt $4,522,096 $3,354,916
<br />The accompanying notes are an integral part of these fmancial statements.
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