tailieunhanh - fye audited financial_part4

Tham khảo tài liệu 'fye audited financial_part4', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | City of Waterville Notes to Financial Statements June 30 2008 NOTE 8 - LONG-TERM DEBT Bonds and notes payable at June 30 2008 are comprised of the following Date of Issue Original Amount Issued Date of Maturity Interest Rate Balance June 30 2008 Long-term debt 1997 General Obligation Bond 11 1 97 3 880 000 2012 675 000 1999 General Obligation Bond 7 1 99 4 970 000 2019 3 205 000 2001 State street Capital Bond 2 1 01 2 021 000 2021 1 321 000 2002S MMBB SRRLF-Loan 1 4 29 02 1 000 000 2011 182 480 2002S MMIBB 2 5 8 02 975 000 2011 154 364 2002S MMBB SRRLF-Loan 3 4 29 02 907 000 2011 143 597 2002S MMBB SRRF 10 2 02 994 000 2012 112 442 2002 General Obligation Bond 11 1 02 5 300 000 2032 4 300 000 2Ũ05S School Renovation 4 13 05 538 051 2014 183 873 2005 General Obligation Bond 6 14 05 5 285 000 2025 4 420 000 2007 QZAB Bond 10 9 07 965 000 2022 965 000 Total bonds and notes payable Arbitrage rebate - Pursuant to the Tax Reform Act of 1986 governments issuing tax-exempt bonds or entering into note or lease obligations are required to perform an arbitrage rebate calculation upon the fifth anniversary of the obligation and to remit such rebate to the federal government subject to certain exceptions. Since August 15 1986 the effective date of these rules the City has not been subject to any arbitrage refunds as they have met the exceptions to the arbitrage regulations. The annual requirements to amortize all long-term debt outstanding as of June 30 2008 are as follows Principal June 30 2009 1 306 363 2010 1 312 200 2011 1 284 177 2012 1 162 569 2013 1 062 783 2014-2018 4 493 676 2019-2023 3 280 916 2024-2028 1 080 000 2029-2033 680 072 Total Interest 607 776 564 540 519 993 475 042 438 166 1 609 816 738 857 277 325 84 375 Total 1 914 139 1 876 740 1 804 170 1 637 611 1 500 949 6 103 492 4 019 773 1 357 325 759 375 The City is subject to a .