2019 Comprehensive Annual Financial Report (CAFR)

11. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2019, was as follows: Beginning Balance, Restated Additions

Ending Balance (1)

Due Within One Year

Reductions

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$

152,730,000 $

145,760,000 $

(14,485,000) $ 284,005,000 $

22,345,000 2,824,157

Premium on General Obligation Bonds

10,674,246 50,621,922

10,076,300 1,359,042

(2,099,129) (51,980,964)

18,651,417

Direct Placement GO BANS

Premium on Direct Placement BANS

41,668

(41,668) (655,000)

Limited Obligation Bonds

22,620,000 1,279,542 13,684,016 5,335,000

32,095,000 1,379,663 566,690

54,060,000 2,556,702

1,680,000

Premium on Limited Obligation Bonds Direct Placement Limited Obligation Notes

(102,503) (14,250,706) (5,335,000)

299,656

Certificates of Participation

Premium on Certificates of Participation

246,691

(246,691) (630,000) (42,361) (562,200)

Section 108 HUD Loan

3,612,000

2,982,000

645,000

Direct Placement Fire Station Loan

42,361

Direct Placement Master Lease Agreement

3,012,600

2,450,400

620,910

Total Debt Payable

263,900,046

191,236,695

(90,431,222)

364,705,519

28,414,723

Other Liabilities Net Pension Liability (LGERS) (3) Net Pension Liability (LEOSSA) (3) Net OPEB Liability (3)

32,937,759 25,045,923 107,477,514 14,314,393 13,146,554

16,432,608

49,370,367 22,248,656 94,072,867 13,577,742 13,466,252

(2,797,267) (13,404,647) (3,484,772) (8,452,248)

2,748,121 8,771,946

3,390,362 7,601,101

Capital Leases Compensated Absences (2)

Governmental Activity Long-Term Liability (1)

$

456,822,189 $

219,189,370 $ (118,570,156) $ 557,441,403 $

39,406,186

Business-Type Activities: Bonds and Notes Payable: Special Obligation Bonds

$

1,535,000 $

$

(750,000) $

785,000 $

785,000

Revenue Bonds

257,785,000 17,567,318

(16,135,000) (4,078,845)

241,650,000 13,488,473 37,171,789

15,545,000 3,721,931 37,171,789

Premium on Revenue Bonds Direct Placement Revenue BANS

8,552,671

28,619,118

Direct Placement Master Lease Agreement Limited Obligation Bonds - Performing Arts

530,212

(347,308)

182,904

182,904

43,450,000 329,420,201

43,450,000 336,728,166

Total Debt Payable

28,619,118

(21,311,153)

57,406,624

Other Liabilities Net Pension Liability (LGERS) (3)

6,297,681 22,681,247 26,547,931 2,402,281

3,362,701

9,660,382 20,381,966 27,160,557 2,433,797

Net OPEB Liability (3)

(2,299,281)

Accrued Landfill Liability Compensated Absences

612,626

500,000

1,878,959

(1,847,443)

1,493,936

Business-Type Activity Long-Term Liability

$

387,349,341 $

34,473,404 $

(25,457,877) $ 396,364,868 $

59,400,560

The gross amount of assets acquired under capital leases at June 30, 2019, represents computer and communication equipment and amortization is included in depreciation expense over the lease period. 1 Internal Service Funds predominately serve the governmental funds. Accordingly, the related long term liabilities are included as part of the above totals for governmental activities. The Internal Service Funds debt totals are noted below. 2 The General Fund primarily is used to liquidate the liabilities for compensated absences associated with governmental activities. 37ff