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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2006
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2006 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original
<br />Date Date Rate Issue
<br />Payable
<br />12/31/2006
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2004A Equipment Certificates 2/1/2004 12/31/2007 4.00% $ 274,000 $ 98,000
<br />2005A Equipment Certificates 2/1/2005 12/31/2008 4.00% 107,000 72,000
<br />2006A Equipment Certificates 2/1/2006 12/31/2009 4.00% 307,000 307,000
<br />Civic Complex Lease Rev. Bonds, Series 1998A 8/1/1998 2/1/2019 4.20 % -5.35% 5,350,000 865,000
<br />Public Project Revenue Ref. Bonds, Series 1999C 9/1/1999 2/1/2010 4.75 % -5.10% 980,000 385,000
<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% 570,000 570,000
<br />G.O. CIP Refunding Bonds, Series 2006E 11/1/2006 2/1/2018 4.00% 2,990,000 2,990,000
<br />Total General Obligation Bonds 13,038,000 7,747,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2002A 8/1/2002 2/1/2013 3.00 % -4.10% 645,000 355,000
<br />G.O. Improvement Bonds, Series 2002B 8/1/2002 2/1/2013 3.20% -5.55% 2,110,000 1,580,000
<br />G.O. Improvement Refunding Bonds, Series 2003A 12/1/2003 2/1/2019 3.00 % -4.10% 2,090,000 1,210,000
<br />G.O. Improvement Bonds, Series 2003B 12/1/2003 2/1/2014 3.20 % -5.55% 250,000 225,000
<br />G.O. Improvement and Utility Bonds, Series 2004A 11/15/2004 2/1/2020 1.90 % -4.45% 1,330,000 1,265,000
<br />G.O. Improvement Bonds, Series 2005A 11/1/2005 2/1/2021 4.35% -5.15% 5,550,000 5,550,000
<br />G.O. Improvement Refunding Bonds, Series 2005B 11/1/2005 2/1/2015 3.75 % -5.00% 3,755,000 3,755,000
<br />Total Special Assessment Bonds 15,730,000 13,940,000
<br />Total Bonds 28,768,000 21,687,000
<br />Unamortized Bond Discounts (6,057) (18,523)
<br />Unamortized Bond Premiums 179,797 157,530
<br />Compensated Absences Payable N/A 584,764
<br />Total Governmental Activities $ 28,941,740 $ 22,410,771
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />G.O. Water Revenue Bonds, Series 1996B 10/1/1996 2/1/2012 4.10 % -5.70% $ 3,320,000 $ 1,910,000
<br />G.O. Water Revenue Refunding Bonds, Series 1999B 9/1/1999 2/1/2008 4.25 % -4.90% 680,000 220,000
<br />G.O. Water Revenue Refunding Bonds, Series 2006F 11/1/2006 2/1/2012 3.55 % - 3.625% 1,740,000 1,740,000
<br />Total Revenue Bonds 5,740,000 3,870,000
<br />Unamortized Bond Discounts (4,002) (3,875)
<br />Compensated Absences Payable N/A 31,042
<br />Total Business -Type Activities $ 5,735,998 $ 3,897,167
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