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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br /> Due
<br /> Beginning Ending Within
<br />Primary Government Balance Additions Reductions Balance One Year
<br />Governmental activities:
<br />Bonds payable:
<br />General obligation $ 320,000 $ - $ 320,000 $ - $ -
<br />Revenue 84,225,000 9,880,000 11,660,000 82,445,000 3,875,000
<br />Mortgage 28,994,057 - 1,656,933 27,337,124 1,379,285
<br />Total bonds payable 113,539,057 9,880,000 13,636,933 109,782,124 5,254,285
<br />Notes and loans payable 9,631,865 3,222,000 1,095,313 11,758,552 1,502,268
<br />Capital leases 3,454,627 902,036 823,476 3,533,187 845,153
<br />Compensated absences 4,656,303 3,412,851 3,333,978 4,735,176 3,412,851
<br />Net pension obligation 60,224,993 3,183,121 63,408,114 -
<br />Total governmental activities
<br />long-term liabilities $ 191,506,845 $ 20,600,008 $ 18,889,700 $ 193,217,153 $ 11,014,557
<br />'The beginning balance of notes and loans payable has been increased $600,000 for a loan previously omitted
<br />and has been decreased $507,906 for a loan previously included that was satisfied during 2005 as part of a
<br />settlement.
<br />Business-type activities:
<br />Revenue bonds payable:
<br />Water Utility $ 18,285,000 $ 4,710,000 $ 2,360,000 $ 20,635,000 $ -
<br />Wastewater Utility 13,475,000 7,630,000 1,180,000 19,925,000 1,215,000
<br />Blackthom Golf Course 4,230,000 - 445,000 3,785,000 465,000
<br />Total revenue
<br />bonds payable 35,990,000 12,340,000 3,985,000 44,345,000 1,680,000
<br />Mortgage bonds payable 1,015,980 - 43,665 972,315 45,510
<br />Capital leases payable 1,710,033 225,000 411,439 1,523,594 446,073
<br />Notes and loans payable 20,659,864 40,691 1,442,122 19,258,433 1,301,500
<br />Total business-type activities
<br />long-term liabilities $ 59,375,877 $ 12,605,691 $ 5,882,226 $ 66,099,342 $ 3,473,083
<br />Compensated absences for governmental activities typically have been liquidated from the
<br />general fund and special revenue funds. All of the December 31, 2006, business-type activities'
<br />compensated absences are due within one year.
<br />H. Segment Information
<br />The primary government issued revenue bonds to finance Blackthom Golf Course improvements.
<br />Investors in the revenue bonds rely solely on the revenue generated by the individual activities for
<br />repayment. Summary financial information for the Blackthorn Golf Course is presented below.
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