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CITY OF HUGO, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS (CONTINUED)
<br />3. Detailed Notes on All Funds (Continued)
<br />D. Long -Term Debt (continued)
<br />The following is a summary of the changes in long-term debt obligations for the year ended
<br />December 31, 2015:
<br />GOVERNMENTAL ACTIVITIES
<br />Bonds and Notes and Contracts Payable:
<br />General obligation bonds:
<br />2004 Capital Improvement Bonds
<br />2005 Tax Abatement Bonds
<br />2007 A Improvement Bonds
<br />2009 A Improvement Bonds
<br />2009 B Tax Abatement Bonds
<br />2010 Capital Improvement Bonds
<br />2011 Improvement Bonds
<br />2013 Crossover Refunding Bonds
<br />Other Liabilities:
<br />Compensated Absences
<br />Unamortized premium
<br />Less: Unamortized (discount)
<br />Governmental Activities
<br />Long-term Liabilities
<br />BUSINESS -TYPE ACTIVITIES
<br />Other Liabilities:
<br />Compensated Absences
<br />Business -Type Activities
<br />Long-term Liabilities
<br />Total
<br />$ 16,122,441 $ 154,359 $ 7,147,893 $ 9,128,907 $ 1,722,749
<br />. •
<br />Amounts
<br />Beginning
<br />Ending
<br />Due Within
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />$ 1,190,000
<br />$
<br />$ 1,190,000
<br />$
<br />$
<br />5,375,000
<br />5,375,000
<br />645,000
<br />80,000
<br />565,000
<br />80,000
<br />580,000
<br />95,000
<br />485,000
<br />95,000
<br />615,000
<br />95,000
<br />520,000
<br />95,000
<br />520,000
<br />125,000
<br />395,000
<br />130,000
<br />1,105,000
<br />110,000
<br />995,000
<br />110,000
<br />5,835,000
<br />5,835,000
<br />1,060,000
<br />298,765
<br />133,165
<br />129,826
<br />302,104
<br />131,277
<br />30,602
<br />4,974
<br />25,628
<br />(98,599)
<br />(80,558)
<br />(18,041)
<br />16,095,768
<br />133,165
<br />7,124,242
<br />9,104,691
<br />1,701,277
<br />26,673
<br />21,194
<br />23,651
<br />24,216
<br />21,472
<br />26,673
<br />21,194
<br />23,651
<br />24,216
<br />21,472
<br />$ 16,122,441 $ 154,359 $ 7,147,893 $ 9,128,907 $ 1,722,749
<br />. •
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