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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 />OriginalEnding
<br />Governmental activitiesissuanceInterest rates (%)balance
<br />Limited tax bonds:
<br /> Limited Tax Pension Bonds, Series 2002 $84,335,0002.000% to 7.410%64,394,215
<br /> Limited Tax Improvement Bonds, Series 20061,036,4275.100%468,008
<br /> Subtotal85,371,42764,862,223
<br />Business-type activities
<br />Limited tax bonds:
<br /> Broadway Garages Limited Tax Bonds, Series 19977,000,0006.125% to 7.000%4,810,000
<br /> Total limited tax bonds$92,371,42769,672,223
<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 limited tax bonds$64,862,223
<br />Less: Accretion of deep discount(7,040,647)
<br /> Total debt service requirements for limited tax bonds$57,821,576
<br />Annual debt service requirements to maturity for limited tax improvement bonds are as follows:
<br />Governmental activitiesBusiness-type activities
<br />Fiscal year
<br />ending June 30PrincipalInterestPrincipalInterest
<br />2011$023,868420,000320,506
<br />2012023,868470,000289,913
<br />2013023,868515,000256,053
<br />2014023,868565,000218,575
<br />2015023,868620,000177,100
<br />2016-2018468,00823,8682,220,000242,550
<br />$468,008143,2084,810,0001,504,697
<br />continued
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