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<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2005
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2005 is composed of the following:
<br />Final
<br />Issue Maturity interest Original
<br />Date Date Rate Issue
<br />Payable
<br />12/31 /_2005
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />(.." 2003A Equipment Certificates 2/1/2003 12/31/2006 6.00% $ 130,000 $ 40,000
<br />200318 Equipment Certificates 3/31/2003 12/31,2006 4.00% 200,000 85.000
<br />2004A Equipment Certificates 2/1/2004 12/31/2007 4.00% 274,000 193.000
<br />2005A Equipment Certificates 2/1/2005 12/31/2008 4.00% 107,000 107,000
<br />Civic Complex Lease Rev. Bonds - 98A 8/1/1998 2/1/2019 4.20%-5.35% 5,350,000 4,420,000
<br />Public Project Revenue Ref. Bonds - 99C 9/1/1999 2/1/2010 4.75 % - 5.10% 980,000 490.000
<br />Total General Obligation Bonds 7,041,000 5,335.01)0
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 1998A 8/1/1998 2/1/2015 4.50 % - 4.90% 4,310,000 2,860.000
<br />G.O. Improvement Bonds, Series I998B 8/1/1998 2/1/2015 4.50% -4.90% 2,000,000 1,430.000
<br />G.O. Improvement Refunding Bonds. Series 1999..A 9/1/1999 2/1/2006 4.25%-4.70% 1.725,000 355.000
<br />�.. G.O. Improvement Bonds, Series 2002A 8/1/2002 2/1/2013 3.00 % -4.101 645,000 455,000
<br />G.O. Improvement Bonds, Series 20028 8/1/2002 2/1/2013 3201 -5.55% 2,110,000 1,765.000
<br />G.O. Improvement Refunding Bonds. Series 2003A 12/1/2003 2/1/2019 3.00 % -4.10% 2,090,000 1.655,000
<br />G.O. Improvement Bonds. Scrics 2003B 12/1/2003 2/1/2014 3.20°4-5.55% 250,000 250,000
<br />G.O. Improvement and Utility Bonds. Series 2004A 11/15/2004 2/I/2020 1.90%-4.45% 1,330,000 1,330,000
<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 20056 1 1/1/2005 2/1/2015 3.75 % - 5.00% 3,755,000 3,755,000
<br />Total Special Assessment Bonds 23,765,000 19,405,000
<br />Total Bonds 30,806,000 24,740,000
<br />Unamonized Bond Discounts (6,057) (5,594)
<br />Unamortized Bond Premiums 179,797 176,166
<br />Compensated Absences Payable N/A 514,583
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<br />UMW
<br />Total Governmental Activities $ 30,979,740 $ 25,425,155
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />G.O. Water Revenue Bonds, Series I996B 10 /1 /1996 2/1/2012 4.10% -5.70% $ 3,320,000 $ 2,100,000
<br />G.O. Water Revenue Bonds, Series 1999B 9/1/1999 2/1/2008 4.25% -4.90% 680.000 325,000
<br />Total Revenue Bonds 4,000,000 2,425,000
<br />Compensated Absences Payable N; /A 27,500
<br />Total Business -Type Activities $ 4,000,000 $ 2.452,500
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