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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 4 CITY INDEBTEDNESS
<br />City indebtedness at December 31, 2013 is composed of the following:
<br />Final
<br />Issue Maturity Interest Original
<br />Date Date Rate Issue
<br />Payable
<br />12/31/2013
<br />Governmental Activities:
<br />General Obligation Bonds:
<br />2011A Equipment Certificates 2/14/2011 12/31/2014 1.00% $ 120,000 $ 41,000
<br />2012A Equipment Certificates 2/1/2012 12/31/2014 1.00% 150,000 101,000
<br />2013A Equipment Certificates 2/1/2013 12/31/2015 1.00% 193,000 193,000
<br />G.O. Tax Abatement Bonds, Series 2006C 8/15/2006 2/1/2023 4.00%-4.30% 2,460,000 2,220,000
<br />G.O. Utility Revenue Bonds, Series 2006D 8/15/2006 2/1/2017 4.00%-4.15% 570,000 255,000
<br />G.O. OP Refunding Bonds, Series 2006E 11/1/2006 2/1/2018 4.00% 2,990,000 1,930,000
<br />G.O. Tax Increment Financing Bonds, Series 2007A 7/15/2007 2/1/2024 4.00%-4.125% 4,215,000 3,110,000
<br />G.O. Refunding Bonds, Series 2012A 11/15/2012 2/1/2024 1.00%-2.00% 2,015,000 2,015,000
<br />Total General Obligation Bonds 12,713,000 9,865,000
<br />Special Assessment Bonds:
<br />G.O. Improvement Bonds, Series 2003B 12/1/2003 2/1/2014 3.20%-5.60% 250,000 35,000
<br />G.O. Improvement Bonds, Series 2005A 11/1/2005 2/1/2021 4.35%-5.15% 5,550,000 3,505,000
<br />G.O. Improvement Refunding Bonds, Series 2005B 11/1/2005 2/1/2015 3.75%-5.00% 3,755,000 845,000
<br />G.O. Improvement & Utility Revenue Refunding Bonds,
<br />Series 2010A 7/9/2010 2/1/2020 2.00%-3.00% 1,000,000 720,000
<br />G.O. Improvement Bonds, Series 2013A 7/15/2013 2/1/2024 1.25%-4.00% 615,000 615,000
<br />Total Special Assessment Bonds 11,170,000 5,720,000
<br />Total Bonds 23,883,000 15,585,000
<br />Note Payable - Anoka County - 2009A 8/1/2009 8/1/2024 4.00%-3.70% 4,260,000 3,695,000
<br />Unamortized Bond Discounts (45,490) (22,683)
<br />Unamortized Bond Premiums 202,370 50,835
<br />Compensated Absences Payable N/A 614,536
<br />Other Post Employment Benefit Plan N/A 83,969
<br />Total Governmental Activities $ 28,299,880 $ 20,006,657
<br />Business -Type Activities:
<br />Revenue Bonds:
<br />Compensated Absences Payable N/A $ 54,182
<br />48
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