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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2008
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2008 is composed of the following:
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2006A Equipment Certificates
<br />2007A Equipment Certificates
<br />2008A Equipment Certificates
<br />Civic Complex Lease Rev. Bonds, Series 1998A
<br />Public Project Revenue Ref. Bonds, Series 1999C
<br />G.O. Tax Abatement Bonds, Series 2006C
<br />G.O. Utility Revenue Bonds, Series 2006D
<br />G.O. CIP Refunding Bonds, Series 2006E
<br />G.O. Tax Increment Financing Bonds, Series 2007A
<br />Total General Obligation Bonds
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2002A
<br />G.O. Improvement Bonds, Series 2002B
<br />G.O. Improvement Refunding Bonds, Series 2003A
<br />G.O. Improvement Bonds, Series 2003B
<br />G.O. Improvement and Utility Bonds, Series 2004A
<br />G.O. Improvement Bonds, Series 2005A
<br />G.O. Improvement Refunding Bonds, Series 2005B
<br />Total Special Assessment Bonds
<br />Total Bonds
<br />Unamortized Bond Discounts
<br />Unamortized Bond Premiums
<br />Compensated Absences Payable
<br />Other Post Employment Benefit Plan
<br />Total Governmental Activities
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />G.O. Water Revenue Refunding Bonds, Series 2006F
<br />Total Revenue Bonds
<br />Unamortized Bond Discounts
<br />Compensated Absences Payable
<br />Total Business -Type Activities
<br />Issue
<br />Date
<br />Final
<br />Maturity
<br />Date
<br />2/1/2006 12/31/2009
<br />2/1/2007 12/31/2010
<br />2/1/2008 12/31/2011
<br />8/1/1998 2/1/2019
<br />9/1/1999 2/1/2010
<br />8/15/2006 2/1/2023
<br />8/15/2006 2/1/2017
<br />11/1/2006 2/1/2018
<br />7/15/2007 2/1/2024
<br />8/1/2002 2/1/2013
<br />8/1/2002 2/1/2013
<br />12/1/2003 2/1/2019
<br />12/1/2003 2/1/2014
<br />11/15/2004 2/1/2020
<br />11/1/2005 2/1/2021
<br />11/1/2005 2/1/2015
<br />Interest
<br />Rate
<br />4.00%
<br />4.00%
<br />4.00%
<br />4.20%-5.35%
<br />4.75%-5.10%
<br />4.00% -4.30%
<br />4.00 % -4.15%
<br />4.00%
<br />4.00 % - 4.125%
<br />3.00 %4.10%
<br />3.20%-5.55%
<br />2.00%-4.25%
<br />3.20 % -5.60%
<br />1.90 %4.45%
<br />4.35%-5.I5%
<br />3.75 %5.00%
<br />Original
<br />Issue
<br />Payable
<br />12/31/2008
<br />$ 307,000 $ 110,000
<br />160,000 110,000
<br />209,000 209,000
<br />5,350,000 385,000
<br />980,000 185,000
<br />2,460,000 2,460,000
<br />570,000 520,000
<br />2,990,000 2,990,000
<br />4,215,000 4,215,000
<br />17,241,000 11,184,000
<br />645,000 135,000
<br />2,110,000 1,190,000
<br />2,090,000 715,000
<br />250,000 175,000
<br />1,330,000 1,115,000
<br />5,550,000 5,080,000
<br />3,755,000 2,955,000
<br />15,730,000 11,365,000
<br />32,971,000 22,549,000
<br />(45,490) (39,427)
<br />180,247 119,290
<br />N/A 655,644
<br />N/A 22,481
<br />$ 33,105,757 $ 23,306,988
<br />11/1/2006 2/1/2012 3.55 % - 3.625% $ 1,740,000 $ 1,530,000
<br />1,740,000 1,530,000
<br />(4,002) (2,350)
<br />N/A 37,224
<br />$ 1,735,998 $ 1,564,874
<br />47
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