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CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(4) Detailed Notes on All Funds, continued <br /> (I) Noncurrent Liabilities, continued <br />Limited Tax Bonds, continued <br />OriginalEnding <br />issuanceInterest rates (%)balance <br />Governmental activities <br />Limited tax bonds: <br /> Limited Tax Pension Bonds, Series 2002 $84,335,0002.000% to 7.410%64,109,824 <br /> Limited Tax Improvement Bonds, Series 20061,036,4275.100%340,457 <br /> Limited Tax Improvement Bonds, Series 2011580,0007.050%580,000 <br /> Total limited tax bonds$85,951,42765,030,281 <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$65,030,281 <br />Less: Accretion of deep discount(7,538,003) <br /> Total debt service requirements for limited tax bonds$57,492,278 <br />Annual debt service requirements to maturity for limited tax improvement bonds are as follows: <br />Governmental activities <br />Fiscal year <br />ending June 30PrincipalInterest <br />2012$058,253 <br />2013058,253 <br />2014058,253 <br />2015058,253 <br />2016340,45758,253 <br />2017-20210204,450 <br />2022-20270204,450 <br />2028580,00020,445 <br />$920,457720,610 <br />continued <br />63 <br />