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COMMUNITY REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA <br />Notes to the Basic Financial Statements (Continued) <br />Year Ended June 30, 2011 <br />(5) LONG -TERM LIABILITIES <br />Changes in long -term liabilities for the year ended June 30, 2011, were as follows: <br />Balance at Balance at Due within <br />June 30, 2010 Additions Retirements June 30, 2011 one year <br />Tax Allocation Bonds: <br />1989 Tax Allocation Refunding: <br />Bonds Series A <br />$ 512701000 <br />$ - <br />$ 512701000 <br />$ - <br />$ - <br />Bonds Series B <br />4113401000 <br />- <br />4113401000 <br />- <br />- <br />Bonds Series C <br />910451000 <br />- <br />910451000 <br />- <br />- <br />Bonds Series E <br />1216751000 <br />- <br />1216751000 <br />- <br />- <br />2003 Tax Allocation Bonds <br />Series A <br />1810101000 <br />- <br />5251000 <br />1714851000 <br />5451000 <br />2003 Tax Allocation Refunding <br />Bonds Series B <br />2217701000 <br />- <br />118101000 <br />2019601000 <br />118901000 <br />2011 Tax Allocation Bonds <br />Series A <br />6617901000 <br />6617901000 <br />- <br />Add: <br />Bond premium <br />117171646 <br />- <br />(190,850) <br />115261796 <br />- <br />Less: <br />Deferred amounts for <br />refunding and discounts <br />(11770,835) <br />- <br />1961760 <br />(11574,075) <br />Bond discount <br />- <br />(373,843) <br />151577 <br />(358,266) <br />Loans Payable: <br />Santa Ana Venture Loan <br />612201687 <br />- <br />- <br />612201687 <br />- <br />County of Orange Loan <br />781306 <br />- <br />781306 <br />- <br />- <br />CHFA Loan <br />3691560 <br />- <br />3691560 <br />- <br />Compensated absences <br />6141962 <br />3351183 <br />2111560 <br />7381585 <br />1841646 <br />Postemployment benefits obligation <br />4301683 <br />951379 <br />- <br />5261062 <br />- <br />Governmental activities <br />long -term liabilities <br />$ 11617711009 <br />$ 6618461719 <br />$ 7113451913 <br />$ 11213141789 <br />$ 216191646 <br />(6) TAX ALLOCATION BONDS <br />1989 Tax Allocation Refunding Bonds <br />The 1989 Tax Allocation Refunding Bonds (1989 Bonds) in- substance defeased the 1985 Tax <br />Allocation Bonds (1985 Bonds) on November 9, 1989. The 1989 Bonds are special obligations of the <br />Agency. Each series of bonds is secured by pledged revenues, consisting of a portion of the taxes <br />levied on all taxable property within the project and relating to that series of bonds. The outstanding <br />balance as of June 30, 2011, of the 1989 defeased bond issues was $0. <br />32 <br />