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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF GENERAL LONG - TERM DEBT
<br />December 31, 1990
<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 />1990 1989
<br />S2,784,745 $2,379,144
<br />6,632,108 6,599,201
<br />$9,416,853 $8,978,345
<br />Bonds payable:
<br />General Obligation Bonds:
<br />1989A Equipment Certificates $240,000 $300,000
<br />1989B Equipment Certificates 275,000
<br />Public Project Revenue Bonds - 1990A 1,115,000
<br />Total General Obligation Bonds 1,630,000 300,000
<br />General Obligation Bonds with special assessments pledged:
<br />G. O. Improvement Bonds of 1981 5,000 10,000
<br />G. O. Improvement Bonds of 1983 30,000 40,000
<br />G. O. Improvement Bonds of 1984 14,000 17,500
<br />G. O. Improvement Bonds of 1986 215,000 340,000
<br />G. O. Temporary Improvement Bonds of 1987 1,650,000
<br />G. O. Improvement Bonds of 1988A 1,065,000 1,160,000
<br />G. O. Temporary Improvement Bonds of 1988B 610,000 610,000
<br />G. O. Temporary Improvement Bonds of 1989 4,660,000 4,660,000
<br />G. O. Temporary Improvement Bonds of 1990B 1,015,000
<br />Total General Obligation Bonds with special assessments pledged 7,614,000 8,487,500
<br />Total Bonds Payable 9,244,000 8,787,500
<br />Assessments payable on City property 151,130 151,130
<br />Contract for deed 16,000 32,000
<br />Capital lease - phone system 5,723 7,715
<br />Total general long -term debt $9,416,853 $8,978,345
<br />The accompanying notes are an integral part of these financial statements.
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