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4. DETAILED NOTES ON ALL FUNDS (Continued) <br />Long -term Debt (Continued) <br />General Obligation Bonds and Combination Tax and Revenue Bonds (Continued) <br />Revenue Bonds <br />Annual debt service requirements to maturity for revenue bonds are as follows: <br />Year Ending <br />September 30, <br />2008 <br />2009 <br />2010 <br />2011 <br />2012 <br />2013 -2017 <br />2018 -2022 <br />2023-2027 <br />2028 -2032 <br />2033 -2037 <br />Total <br />Defeasance of Bonds <br />Business -tube Activities <br />Principal <br />Interest <br />$ 4,76000 <br />$ 4,692,160 <br />5,27500 <br />4,425,523 <br />5,47000 <br />4,231,789 <br />5,70500 <br />4,013,480 <br />5,93000 <br />3,773,679 <br />33,72500 <br />1400,202 <br />27,61500 <br />7,471,590 <br />11,05500 <br />2,454,488 <br />2,52000 <br />n 1- 11% c nnn <br />1,056,815 <br />n n c ��n <br />$ 104,58000 $ 47,315,486 <br />In prior years, the City defeased certain bonds by placing the proceeds of refunding bonds in <br />irrevocable trusts to provide for all future debt service payments on the defeased bonds. <br />Accordingly, the trusts' assets and liabilities for the defeased bonds are not included in the City's <br />financial statements. At September 30, 2007, the outstanding balance of the defeased bonds is <br />$24,38500. <br />(continued) <br />44 <br />