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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (J) Noncurrent Liabilities, continued
<br />Limited Tax Bonds, continued
<br />The Limited Tax Pension Bonds, Series 2002, in governmental activities, are deep discount bonds and reported
<br />net of accretion. However, the annual debt service requirements to maturity are reported on a cash basis and
<br />do not account for accreted amounts. The following table reconciles the ending balance of limited tax bonded
<br />debt and the annual debt service requirements to maturity schedule:
<br />Total governmental activities limited tax bonds $ 65,031,643
<br />Less: Accretion of deep discount(6,383,980)
<br /> Total governmental activities debt service requirements for limited tax bonds $ 58,647,663
<br />Annual debt service requirements to maturity for limited tax improvement bonds are as follows:
<br /> Governmental activities Business-type activities
<br />Fiscal year
<br />ending June 30 Principal Interest Principal Interest
<br />2010 $ 0 29,943 370,000 347,663
<br />2011 0 29,943 420,000 320,506
<br />2012 0 29,943 470,000 289,913
<br />0 29,943 515,000 256,053
<br />2013
<br />20140 29,943 565,000 218,575
<br />2015-2018 587,109 59,886 2,840,000 419,650
<br />$ 587,109 209,601 5,180,000 1,852,360
<br />Annual debt service requirements to maturity for limited tax pension bonds are as follows:
<br /> Governmental activities Business-type activities
<br />Fiscal year
<br />ending June 30 Principal Interest Principal Interest
<br />2010 $ 706,986 3,812,387 0 0
<br />2011 781,747 3,972,625 0 0
<br />2012 844,099 4,150,273 0 0
<br />2013 899,457 4,344,915 0 0
<br />2014 949,798 4,559,574 0 0
<br />2015-2019 5,127,043 26,764,820 0 0
<br />2020-2023 25,566,424 14,791,8040 0
<br />2024-2028 23,185,000 4,513,807 0 0
<br /> 58,060,554 66,910,205 0 0
<br />Total limited tax bonds $ 58,647,663 67,119,806 5,180,000 1,852,360
<br />continued
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