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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF GENERAL LONG - TERM DEBT
<br />December 31, 1988
<br />Amount Available And To Be Provided For The
<br />Retirement of Long -Term Debt
<br />Amount available m Debt Service Fund
<br />Amount to be provided - future tax levies /assessments /tax increment collections
<br />Statement 18
<br />December 31,
<br />1988 1987
<br />$825,235 $729,383
<br />3,344,895 3,792,713
<br />Total available and to be provided $4,170,130 $4,522,096
<br />General Long-Term Debt Payable
<br />Bonds payable:
<br />General Obligation Bonds:
<br />1985 Certificate of Indebtedness $37,500
<br />1987 Equipment Certificates 78,000
<br />Total General Obligation Bonds $0 115,500
<br />General Obligation Bonds with special assessments pledged:
<br />G. O. Improvement Bonds of 1977
<br />G. O. Improvement Bonds of 1981 15,000 20,000
<br />G. O. Improvement Bonds of 1982 115,000
<br />G. O. Improvement Bonds of 1983 50,000 60,000
<br />G. O. Improvement Bonds of 1984 21,000 24,500
<br />G. O. Temporary Improvement Bonds of 1985 1,850,000
<br />G. O. Improvement Bonds of 1986 465,000 475,000
<br />G. O. Temporary Improvement Bonds of 1987 1,650,000 1,650,000
<br />G. O. Temporary Improvement Bonds of 1988 610,000
<br />G. O. Improvement Bonds of 1988 1,160,000
<br />Total General Obligation Bonds with special assessments pledged 3,971,000 4,194,500
<br />Total Bonds Payable 3,971,000 4,310,000
<br />Assessments payable on City property 151,130 148,096
<br />Contract for deed 48,000 64,000
<br />Total general long -term debt $4,170,130 $4,522,096
<br />The accompanying notes are an integral part of these financial statements.
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