2020 Comprehensive Annual Financial Report

8. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2020, was as follows: Beginning

Ending

Due Within

Balance (1)

Balance

Additions

Reductions

One Year

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$ 284,005,000 $ 76,580,000 $ (56,905,000) $ 303,680,000 $ 23,850,000

Premium on General Obligation Bonds

18,651,417 54,060,000 2,556,702 2,982,000 2,450,400 364,705,519 49,370,367 22,248,656 94,072,867 13,577,742 13,466,252

8,790,188 12,755,000 2,453,891

(2,841,164) (1,680,000) (299,655) (1,238,000) (620,910) (63,584,729)

24,600,441 65,135,000 4,710,938 1,744,000 1,829,490 401,699,869 56,828,862 22,410,694 107,291,689 13,865,760 14,420,775

3,602,572 2,385,000

Limited Obligation Bonds

Premium on Limited Obligation Bonds

538,967 405,000 684,060

Section 108 HUD Loan

Direct Placement Master Lease Agreement

Total Debt Payable

100,579,079

31,465,599

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

7,458,495

162,038

Net OPEB Liability (3)

13,218,822 4,385,065 8,632,498

Capital Leases

(4,097,047) (7,677,975)

4,101,006 7,587,776

Compensated Absences (2)

Governmental Activity

Long-Term Liability (1)

$ 557,441,403 $ 134,435,997 $ (75,359,751) $ 616,517,649 $ 43,154,381

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

$ 785,000 $

$ (785,000) $

$

Revenue Bonds

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

116,290,000 17,285,513 37,522,567

(76,210,000) (3,721,930) (72,113,546)

281,730,000 27,052,056

16,330,000 6,066,984

Premium on Revenue Bonds Direct Placement Revenue BANS

2,580,810

Direct Placement Master Lease Agreement Limited Obligation Bonds - Performing Arts

182,904

(182,904)

43,450,000

43,450,000 29,685,000 384,497,866

1,280,000

Limited Obligation Bonds - Parking

29,685,000 200,783,080

Total Debt Payable

336,728,166

(153,013,380)

23,676,984

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

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

1,809,750 4,266,524

11,470,132 24,648,490 27,654,593 2,696,310

Accrued Landfill Liability Compensated Absences

494,036

500,000

1,956,554

(1,694,041)

1,578,424

Business-Type Activity

Long-Term Liability

$ 396,364,868 $ 209,309,944 $(154,707,421) $ 450,967,391 $ 25,755,408

The gross amount of assets acquired under capital leases at June 30, 2020, 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. 3 The General Fund primarily is used to liquidate the liabilities for the net pension liabilities and other post-employment benefits associated with governmental activities. 37ee