Laserfiche WebLink
CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(4) Detailed Notes on All Funds, continued <br /> (H) 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%63,568,860 <br /> Limited Tax Improvement Bonds, Series 20061,036,4275.100%235,417 <br /> Limited Tax Improvement Bonds, Series 2011580,0007.050%486,451 <br /> Total limited tax bonds$85,951,42764,290,728 <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$64,290,728 <br />Less: Accretion of deep discount(7,841,138) <br /> Total debt service requirements for limited tax bonds$56,449,590 <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 />2013$049,093 <br />2014049,093 <br />2015049,093 <br />2016235,41749,093 <br />2017034,295 <br />2018-20220171,475 <br />2023-2027486,451154,327 <br />$721,868556,469 <br />continued <br />63 <br />