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City of Louisville <br />Notes to the Financial Statements <br />December 31, 2014 <br />Note 7: Long-term debt (continued) <br />E. Debt requirements to maturity <br />The annual debt service requirements for all bonds and notes outstanding as of <br />December 31, 2014, are as follows: <br />Year <br />Governmental Activities Business -Type Activities <br />General Obligation Bonds Revenue Refunding Bonds <br />Principle Interest Total Principle Interest Total <br />2015 375.000 124.313 499,313 690.000 190.808 860.808 <br />2016 390.000 111.375 501.375 705.000 173.765 878.765 <br />2017 405,000 97,335 502,335 725.000 156.351 881.351 <br />2018 425,000 82,350 507.350 745.000 138,444 863,444 <br />2019 435,000 66.200 501,200 760.000 120.042 880.042 <br />2020-2024 1,205.000 52.320 1.257.320 4.100.000 308.627 4.408.627 <br />Balance $3,235,000 $533.893 $3,768,893 $7.725.000 $1,088,037 $8.813,037 <br />Business -Type Activities <br />Windy Gap Leases <br />City of Greeley <br />Year Payment <br />2015 62,063 <br />2016 63,673 <br />2017 63,755 <br />Total 189,491 <br />Interest (17,678) <br />Balance $ 171,813 <br />57 <br />