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6.1.F. - Page 78 ,
<br /> Notes to the Basic Financial Statements
<br /> For the year ended June 30, 2012
<br /> NOTE 6-GOVERNMENTAL ACTIVITIES LONG-TERM DEBT�CONTINUED�
<br /> 8. Changes in Long-Term Obligations
<br /> As of June 30, 2012, the City had the following long-term obligations outstanding:
<br /> Transfer to
<br /> Interest Beginning Ending Private Purpose Ending Due Within
<br /> Rate Balance Additions Retirements Balance Trust Fund Balance One Year
<br /> GovernmentalActivities: % $ $ $ $ $
<br /> Revenue Bonds
<br /> 1998 Lease Revenue Refunding Bonds 4.00-5.00 1,670,000 1,670,000
<br /> 2003 PFA Refunding Bonds 2.50-4.38 6,220,000 340,000 5,880,000 5,880,000 750,000
<br /> Unamortized premiums 2,285 286 1,999 1,999 286
<br /> Subtotal 7,892,285 2,010,286 5,881,999 5,881,999 750,286
<br /> Tax Increment Bonds
<br /> 2003 TaxAllocation Bonds 3.50-5.80 32,772,448 1,265,000 31,507,448 (31,507,448)
<br /> Accreted interest payable 10,317,453 984,791 11,302,244 (11,302,244)
<br /> Unamortized premiums 676,972 17,950 659,022 (659,022)
<br /> Subtotal 43,766,873 984,791 1,282,950 43,468,714 (43,468,714)
<br /> Loans
<br /> Redwood City School District Loan 84,642 42,321 42,321 (42,321)
<br /> Total Bonds and Loans 51,743,800 984,791 3,335,557 49,393,034 (43,511,035) 5,881,999 750,286
<br /> Accrued Sick Leave and Vacation 9,539,308 688,461 345,552 9,882,217 9,882,217 563,606
<br /> Total Governmental Activities Long-Term Debt 61,283,108 1,673,252 3,681,109 59,275,251 (43,511,035) 15,764,216 1,313,892
<br /> At year-end, $891,911 of internal service fund compensated absences is included in the above amounts.
<br /> For the governmental activities, compensated absences are generally liquidated by the general fund.
<br /> C. Annual Repayment Requirements for Long-Term Debt
<br /> Governmental Activities:
<br /> YearEnd Revenue Bonds Total
<br /> June 30 Principal Interest Principal Interest
<br /> $ $ $ $
<br /> 2013 750,000 220,748 750,000 220,748
<br /> 2014 775,000 193,091 775,000 193,091
<br /> 2015 805,000 163,265 805,000 163,265
<br /> 2016 835,000 131,270 835,000 131,270
<br /> 2017 870,000 97,170 870,000 97,170
<br /> 2018-2022 1,845,000 81,010 1,845,000 81,010
<br /> 5,880,000 886,554 5,880,000 886,554
<br /> 50
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