VILLAGE OF GRAFTON NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2016 NOTE III - DETAILED NOTES ON ALL FUNDS (cont.) F. LONG-TERM OBLIGATIONS (cont.) General Obligation Debt All general obligation notes and bonds payable are backed by the full faith and credit of the village. Notes and bonds in the governmental funds will be retired by resources derived from various sources, including property tax levies, special assessments, impact fees, and tax increments. Governmental Activities General Obligation Debt Date of Issue Final Maturity Interest Rates Original Indebtedness Balance December 31, 2016 GO Bond 9/1/2005 12/1/2024 4.01% $ 7,835,000 $ 1,193,595 GO Bond 6/15/2006 12/1/2025 4,00% 7,995,000 300,000 GO Bond 6/1/2007 12/1/2017 3.80% 1,240,000 205,000 GO Bond 9/8/2009 6/1/2027 5.25% 8,010,000 1,210,000 GO Refunding Bond 8/3/2011 6/1/2028 2.5-4.6% 4,955,000 4,735,000 GO Refunding Bond 9/7/2011 12/1/2017 2.00% 1,385,000 320,000 GO Bond 5/17/2012 12/1/2022 1.49% 1,225,000 760,000 GO Bond 5/17/2012 6/1/2024 2.39% 2,055,000 1,610,000 GO Bond 6/20/2013 6/1/2026 1.80% 7,671,701 7,049,861 GO Bond 8/4/2015 6/1/2026 2.83% 3,510,000 3,510,000 GO Bond 8/4/2015 6/1/2027 2.42% 9,375,000 9,375,000 GO Promissory Note 12/7/2010 3/1/2020 3.40% 835,000 390,000 GO Bond 6/8/2016 6/1/2026 2.18% 1,130,000 1,130,000 Total Governmental Activities - General Obligation Debt $ 31,788,456 Business-type Activities General Obligation Debt Date of Issue Final Maturity Interest Rates Original Indebtedness Balance December 31, 2016 GO Bond 9/1/2005 12/1/2024 4.01% $ 600,000 $ 91,405 GO Bond 6/20/2013 6/2/2026 1.80% 1,563,299 1,300,139 GO Bond 8/4/2015 6/1/2027 2.42% 240,000 240,000 State Trust Fund Loan 9/5/2008 3/15/2018 4.25% 1,117,900 291,920 State Trust Fund Loan 10/19/2011 3/15/2021 3.75% 600,000 362,929 State Trust Fund Loan 10/1/2013 3/15/2026 3.75% 1,000,000 876,597 GO Bond 6/8/2016 6/1/2035 2.18% 2,910,000 2,910,000 Total Business-type Activities - General Obligation Debt $ 6,072,990 73