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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2007
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2007 is composed of the following:
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2005A Equipment Certificates
<br />2006A Equipment Certificates
<br />2007A Equipment Certificates
<br />Civic Complex I Pase 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. C1P 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 />Total Governmental Activities
<br />Issue
<br />Date
<br />Final
<br />Maturity
<br />Date
<br />2/1/2005 12/31/2008
<br />2/1/2006 12/31/2009
<br />2/1/07 12/31/2010
<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 />Business -Type Activities:
<br />Revenue Bonds:
<br />G.O. Water Revenue Refunding Bonds, Series 1999B 9/1/1999
<br />G.O. Water Revenue Refunding Bonds, Series 2006F 11/1/2006
<br />Total Revenue Bonds
<br />Unamortized Bond Discounts
<br />Compensated Absences Payable
<br />Total Business -Type Activities
<br />45
<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 />3.00%-4.10%
<br />3.20%-5.55%
<br />1.90% -4.45%
<br />4.35 % -5.15%
<br />3.75%-5.00%
<br />2/1/2008 4.25 % -4.90%
<br />2/1/2012 3.55 %3.625%
<br />Original
<br />Issue
<br />Payable
<br />12/31 /2007
<br />$ 107,000 $ 37,000
<br />307,000 217,000
<br />160,000 160,000
<br />5,350,000 635,000
<br />980,000 285,000
<br />2,460,000 2,460,000
<br />570,000 570,000
<br />2,990,000 2,990,000
<br />4,215,000 4,215,000
<br />17,139,000 11,569 000
<br />645,000 245,000
<br />2,110,000 1,390,000
<br />2,090,000 770,000
<br />250,000 200,000
<br />1,330,000 1,190,000
<br />5,550,000 5,355,000
<br />3,755,000 3,370,000
<br />15,730,000 12,520,000
<br />32,869,000 24,089,000
<br />(45,490) (42,294)
<br />180,247 138,410
<br />N/A 635,904
<br />$ 33,003,757 $ 24,821,020
<br />$ 680,000 $ 115,000
<br />1,740,000 1,740,000
<br />2,420,000 1,855,000
<br />(4,002) (3,113)
<br />N/A 32,982
<br />$ 2,415,998 $ 1,884,869
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