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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />Year Ended Governmental Activities
<br />December 31 Principal
<br />Interest
<br />2003 $ 3,865,000 $ 3,168,248
<br />2004 4,100,000 3,049,642
<br />2005 4,340,000 2,833,257
<br />2006 3,595,000 2,631,072
<br />2007 3,985,000 2,441,881
<br />2008-2012 21,115,000 8,976,856
<br />2013-2017 18,930,000 3,562,005
<br />2018-2022 3,245,000 301,651
<br />2023-2027 - -
<br />Business-Type Activities
<br />Principal Interest
<br />$ 1,010,000
<br />3,140,000
<br />3,325,000
<br />3,475,000
<br />3,630,000
<br />15,530,000
<br />2,145,000
<br />1,960,000
<br />460,000
<br />$ 995,735
<br />1,478,003
<br />1,343,606
<br />1,194,423
<br />1,037,787
<br />2,833,092
<br />796,150
<br />369,090
<br />11,500
<br />~~ ,.
<br />Totals _ B,9$+l,Sj ~~ ~`~~ ~E3
<br />4. Notes and Loans Payable
<br />The government has entered into various notes and loans. Annual debt service requirements to
<br />maturity for the notes, including interest of $2,191,560 and $9,278,223, for governmental and
<br />business-type activities, respectively, are as follows:
<br /> Governmental Business-Like
<br /> Activities Activities
<br />
<br />2003 $ 749,109 $ 1,858,886
<br />2004 1,035,521 2,023,891
<br />2005 1,078,540 2,036,053
<br />2006 1,084,576 1,919,788
<br />2007 874,867 1,920,083
<br />2008-2012 4,116,558 9,612,353
<br />2013-2017 958,116 9,613,278
<br />2018-2022 466,697 2,293,649
<br />Totals $ 10,363,984 $ 31,277,981
<br />5. Changes in Long-Term Liabilities
<br />Long-term livability activity for the year ended December 31, 2002, was as follows:
<br />48
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