2023 Annual Comprehensive Report

8. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2023, was as follows:

Beginning

Ending

Due Within

Balance (1)

Balance

Additions

Reductions

One Year

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$ 252,595,000 $ 78,460,000 (21,285,000) $ $ 309,770,000 $ 23,175,000

Premium on General Obligation Bonds

20,576,634 66,600,000 1,975,269 341,746,903

4,992,852

(3,635,794) (3,075,000) (239,311)

21,933,692 63,525,000 1,735,958 396,964,650

3,849,461 3,120,000

Limited Obligation Bonds

Premium on Limited Obligation Bonds

239,311

Total Debt Payable

83,452,852 (28,235,105)

30,383,772

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

29,641,721 26,734,978 95,848,364

78,516,165 2,762,194

108,157,886 29,497,172 91,825,873 9,810,806 20,877,775

Net OPEB Liability (3)

(4,022,491) (2,388,051) (5,589,815) (120,000)

IT Subscription Financing Agreements

12,198,857 4,752,460

2,106,302 5,297,835

Lease Liabilities

21,715,130

Other Financing Agreements Compensated Absences (2)

120,000

15,556,565

12,439,075 (10,890,330)

17,105,310

8,552,585

Governmental Activity Long-Term Liability (1)

$ 531,363,661 194,121,603 $ $ (51,245,792) $ 674,239,472 $ 46,340,494

Business-Type Activities: Bonds and Notes Payable: Revenue Bonds

$ 328,930,000 $

$ (14,640,000) $ 314,290,000 $ 15,205,000

Premium on Revenue Bonds Direct Placement Revenue BANS

24,329,515

(5,252,027)

19,077,488 50,795,451 39,505,000 62,395,000 486,062,939

5,069,115 50,795,451 1,390,000 2,200,000 74,659,566

50,795,451

Limited Obligation Bonds - Performing Arts

40,855,000 64,570,000 458,684,515

(1,350,000) (2,175,000)

Limited Obligation Bonds - Parking

Total Debt Payable

50,795,451 (23,417,027)

Other Liabilities Net Pension Liability (LGERS) (3)

6,101,341 22,785,295 47,490,934

17,627,769

23,729,110 22,854,274 47,540,223 1,066,192

Net OPEB Liability (3) Accrued Landfill Liability

68,979

49,289

500,000 468,828 206,789 50,000

IT Subscription Financing Agreements

1,575,078

(508,886) (209,532)

Lease Liabilities

465,620

56,588 150,000

312,676 150,000

Other Financing Agreements

Compensated Absences

2,821,221

2,936,739

(2,629,459)

3,128,501

1,841,348

Business-Type Activity Long-Term Liability

$ 538,348,926 $ 73,210,604 (26,715,615) $ $ 584,843,915 $ 77,726,531

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.

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