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2005 Comprehensive Annual Financial Report
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2005 Comprehensive Annual Financial Report
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4/14/2014 10:58:01 AM
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12/18/2007 12:51:12 PM
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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />Interest <br />Purpose Rates <br />Original Outstanding <br />Issue 12 -31 -05 <br />1997 Redevelopment District refunding 4.0% to 5.1% $ 4,750,000 $ 320,000 <br />General obligation bonds payable at December 31, 2005, includes $1,847 unamortized bond <br />discount. <br />Annual debt service requirements to maturity for general obligation bonds are as follows: <br />Year Ended Governmental Activities <br />December 31 Principal Interest <br />2006 $ 320,000 $ 8,160 <br />2. Mortgage Bonds <br />95,338 <br />Mortgage Bonds outstanding at year end are as follows: <br />Purpose <br />Rates <br />20,500,000 <br />920,000 <br />Governmental Activities <br />1999A Fire Station <br />5% <br />1999C O'Brien Center <br />5% <br />2001 Public Works Service Center <br />4.63% to 5.3% <br />2003 New Fire StationlPolice renovations <br />2% to 5% <br />2005 Park Fitness Center renovations <br />3.61% <br />Total - governmental activities <br />Issue 12 -31 -05 <br />$ 1,388,858 $ 234,699 <br />570,000 <br />95,338 <br />8,112,250 <br />7,244,020 <br />21,335,000 <br />20,500,000 <br />920,000 <br />920,000 <br />$ 32,326,108 $28,994,057 <br />Business -Tvoe Activities <br />2001 Public Works Service Center 4.63% to 5.3% $ 1,137,750 $ 1,015,980 <br />Mortgage bonds at year end include the following amounts of unamortized bond discount (pre- <br />mium): <br />44 <br />
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