|
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, 2016:
<br />Amounts
<br />Beginning
<br />Ending
<br />Due Within
<br />Balance
<br />Additions
<br />Reductions
<br />Balance
<br />One Year
<br />GOVERNMENTAL ACTIVITIES
<br />Bonds and Notes and Contracts Payable:
<br />General obligation bonds:
<br />2007 A Improvement Bonds
<br />$ 565,000
<br />$
<br />$ 80,000
<br />$ 485,000
<br />$ 75,000
<br />2009 A Improvement Bonds
<br />485,000
<br />95,000
<br />390,000
<br />95,000
<br />2009 B Tax Abatement Bonds
<br />520,000
<br />95,000
<br />425,000
<br />100,000
<br />2010 Capital Improvement Bonds
<br />395,000
<br />130,000
<br />265,000
<br />130,000
<br />2011 Improvement Bonds
<br />995,000
<br />110,000
<br />885,000
<br />110,000
<br />2013 Crossover Refunding Bonds
<br />5,835,000
<br />1,060,000
<br />4,775,000
<br />1,115,000
<br />Other Liabilities:
<br />Compensated Absences
<br />302,104
<br />137,831
<br />117,731
<br />322,204
<br />125,564
<br />Unamortized premium
<br />25,628
<br />5,082
<br />20,546
<br />Less: Unamortized (discount)
<br />(18,041)
<br />(4,345)
<br />(13,696)
<br />Governmental Activities
<br />Long-term Liabilities
<br />9,104,691
<br />137,831
<br />1,688,468
<br />7,554,054
<br />1,750,564
<br />BUSINESS -TYPE ACTIVITIES
<br />Other Liabilities:
<br />Compensated Absences
<br />24,216
<br />20,879
<br />18,281
<br />26,814
<br />20,242
<br />Business -Type Activities
<br />Long-term Liabilities
<br />24,216
<br />20,879
<br />18,281
<br />26,814
<br />20,242
<br />Total
<br />$ 9,128,907
<br />$ 158,710
<br />$ 1,706,749
<br />$ 7,580,868
<br />$ 1,770,806
<br />
|