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CITY OF LINO LAKES, MINNESOTA
<br />SCHEDULE OF GENERAL LONG - TERM DEBT
<br />December 31, 1997
<br />Statement 23
<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 />December 31,
<br />1997 1996
<br />$1,009,512 $341,544
<br />9,010,771 8,900,771
<br />$10,020,283 $9,242,315
<br />Bonds payable:
<br />General Obligation Bonds:
<br />1995 Equipment Certificates $ - $88,000
<br />1996 Equipment Certificates 150,000 225,000
<br />1997 Equipment Certificates 225,000 -
<br />Public Project Revenue Bonds - 1990A 1,040,000 1,065,000
<br />Total general obligation bonds 1,415,000 1,378,000
<br />Special assessment bonds:
<br />G. O. Improvement Bonds of 1992A 2,770,000 2,990,000
<br />G. O. Improvement Bonds of 1996A 4,685,000 4,685,000
<br />Total special assessment bonds 7,455,000 7,675,000
<br />Total bonds payable 8,870,000 9,053,000
<br />Contracts for deed payable 946,020
<br />Compensated absences payable 204,263 189,315
<br />Total general long -term debt $10,020,283 $9,242,315
<br />104
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