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<br />r"1AY - 23- 2003
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<br />15: 16
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<br />763 569 5799
<br />
<br />763 569 5799
<br />
<br />P.17/19
<br />
<br />FINANCIAL ANALYSIS (Continued)
<br />
<br />T ax Capacity Rate
<br />
<br />2002 .
<br />
<br />
<br />2001
<br />
<br />~t:;}~j~j~7f)1~::I) ¡ii:(~:~L&;Ci~:~T:;;:I I=~:;,:~:~~~;~~~~~ ::,:iC~ ~-~~: ::~i~i
<br />
<br />2000
<br />
<br />t;P;f:\,:~%.œ~:]~T~ ~~¡,~~~~ ;':~':i ,I;.)~;;l ~~i~~ :~~::~;::'~f :;? ::::; ~¡~:¡;rf(;~,~.'::~i ;;': ': ',,:' ~ ,'! ::'\ ¡~::' ;!j[~~; ~~
<br />
<br />t.".J".C, J.~"i.,.I.~...."".I""",."",,~w.,~, '.",.,~, .:..,.....:.1:...-..1',...\ ~ .,..'". ".~""",.,"...,." ,~..", - ...J.,... ,.,U",.,
<br />
<br />1999
<br />
<br />1~~~;;j;7:::t.:::";::'C'::;':"';;'~' .:' ,:~. \,; ,;;:¡:;::':::;""'::;r--:-'70'!::¡::":r/'~;:::.:' :;'" :~..! " " ;;""T:;-:T'~"':':";T,::::;;:"7
<br />
<br />'1""'~~""n.t>,,~"...I.. """"/,\""",,,,""I""""""'I"".\o'/II""~""" "' """/I.t~"-l"¡
<br />~I'¡~"")o¿W'~~¡!'~ð,(,;,',':¡;',\,':"r".li:\"""""':""'.:.'~"":""I"""I! I'i'l;"'~'" ,',', ~~ :,"",o..,:,',:¡..,
<br />tr",£::.~':;<:¡~:~¡;;;'¿;~l~iL~¿',",;'~'." I ',:':":'~":i~:.:~;,~",,:~_..:~i.'...L'::'iÌ;;¡,:,:J:.';,: "~I ,'~'~"'lL"~~;!~"!.:~n~,,
<br />
<br />1998
<br />
<br />~~~]r?;~'J2!~;J!~r7~;;~ ~¿:,::,¡ ;\~,~.:~~;~. ~ ';~'ri':r~; :;:'~FJ",:'7.:'~' ~,-::':',! \'~' ,~: :"'?" ;f:'- ?,:~.::;~:":":..:; '~
<br />""-"-"",,,,...I,"'\"""-'-""""I"~"'I"" ,.""I'~h",..,.."oI"""""'I"
<br />..,.;;..:;~,;:.",',:~}r~h':',.r,; :'-'j:"""";¡":.,¡,.h'"""",',,'; '~:"'I:'" (":,;' ". "',,, I, ':'.""'r~"iw,:':\'\
<br />\Cj¡J¡t:..w::,~,..:iu'~:~;.~,;;'.'..,' "Î/-~l>':..:.::':';':<"":':'..:~",~~,":",....::.",:,,",'~. ':"'.'~",: ....~~.~.I..\!..:"I..I"'::"'""",
<br />
<br />0.000% 5.000"/0 10.000 15.000 20,000 25.000 30.000 35.000 40,000 45.000 50.000 55.000 60.000
<br />% % % % % % % % % % %
<br />
<br />Debt Service
<br />
<br />At December 31, 2002 the City's gross bonded debt (not including enterprise fund debt)
<br />consisted of the following:
<br />
<br />General Obligation Bonds - City
<br />General Obligation Bonds - HRA
<br />Special Assessment Bonds - City
<br />Certificates of Indebtedness - City
<br />
<br />$ 4,785,000
<br />9,585,000
<br />15,600,000
<br />475,000
<br />
<br />$ 30,445,000
<br />
<br />Amounts available in debt service funds for retirement of this debt amounted to $10,044,610 at
<br />the 2002 year-end, leaving a net bonded debt or "amount to be provided for long-term debt"
<br />of $20,400,390.
<br />
<br />In addition, the HRA issued revenue refunding bonds in 1998 to crossover refund $4,600,000 of
<br />the HRA revenue bonds of 1993. The proceeds of the crossover revenue bonds were placed in
<br />an ÍITevocable escrow and provided debt service payments on the refunding bonds up to the
<br />crossover date of February 1,2003, At that date, the refunded bonds were fully called, redeemed
<br />by the funds in escrow J and removed from the financial statements.
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<br />15
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