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<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2010
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2010 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original
<br />Date Date Rate Issue
<br />Payable
<br />12/31/2010
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2008A Equipment Certificates 2/1/2008 12/31/2011 4.00% $ 209,000 $ 74,000
<br />2009A Equipment Certificates 4/1/2009 12/31/2012 3.00% 336,000 232,000
<br />2010A Equipment Certificates 4/1/2010 12/31/2013 2.00% -3.00% 170,000 170,000
<br />G.O. Tax Abatement Bonds, Series 2006C 8/15/2006 2/1/2023 4.00% -4.30% 2,460,000 2,460,000
<br />G.O. Utility Revenue Bonds, Series 2006D 8/15/2006 2/1/2017 4.00% -4.15% 570,000 420,000
<br />G.O. CIP Refunding Bonds, Series 2006E 11/1/2006 2/1/2018 4.00% 2,990,000 2,910,000
<br />G.O. Tax Increment Financing Bonds, Series 2007A 7/15/2007 2/1/2024 4.00 % - 4.125% 4,215,000 3,875,000
<br />Total General Obligation Bonds 10,950,000 10,141,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2002A 8/1/2002 2/1/2013 3.00% -4.10% 645,000 85,000
<br />G.O. Improvement Bonds, Series 2002B 8/1/2002 2/1/2013 3.20% -5.55% 2,110,000 750,000
<br />G.O. Improvement Refunding Bonds, Series 2003A 12/1/2003 2/1/2019 2.00 % -4.25% 2,090,000 605,000
<br />G.O. Improvement Bonds, Series 2003B 12/1/2003 2/1/2014 3.20% -5.60% 250,000 125,000
<br />G.O. Improvement Bonds, Series 2005A 11/1/2005 2/1/2021 4.35% -5.15% 5,550,000 4,495,000
<br />G.O. Improvement Refunding Bonds, Series 2005B 11 /1 /2005 2/1/2015 3.75 % -5.00% 3,755,000 2,115,000
<br />G.O. Improvement & Utility Revenue Refunding Bonds, Series
<br />2010A 7/9/2010 2/1/2020 2.00 % -3.00% 1,000,000 1,000,000
<br />Total Special Assessment Bonds 15,400,000 9,175,000
<br />Total Bonds 26,350,000 19,316,000
<br />Note Payable - Anoka County 8/1/2009 8/1/2024 4.00 % -3.70% 4,260,000 4,260,000
<br />Unamortized Bond Discounts (45,490) (30,091)
<br />Unamortized Bond Premiums 202,370 102,101
<br />Compensated Absences Payable N/A 625,121
<br />Other Post Employment Benefit Plan N/A 63,287
<br />Total Governmental Activities $ 30,766,880 $ 24,336,418
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />G.O. Water Revenue Refunding Bonds, Series 2006F 11/1/2006 2/1/2012 3.55 % - 3.625% $ 1,740,000 $ 795,000
<br />Total Revenue Bonds 1,740,000 795,000
<br />Unamortized Bond Discounts (4,002) (826)
<br />Compensated Absences Payable N/A 41,104
<br />Total Business -Type Activities $ 1,735,998 $ 835,278
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