2025 Annual Comprehensive Report

Schedule 74

Internal Service Funds Schedule of Changes in Long-Term Debt For the Fiscal Year Ended June 30, 2025

Debt

Debt

Outstanding

Outstanding June 30, 2025

7/1/2024, Restated

Additions

Retirements

Equipment Services: Compensated Absences

$

206,469

$

$

54,136

$

152,333

Technical Services: Lease Liabilities

2,820,139

1,403,163

1,416,976

Compensated Absences

64,423

16,323

80,746

Total Technical Services

2,884,562

16,323

1,403,163

1,497,722

Information Systems: Lease Liabilities

7,501,524 36,089 158,184

3,657,857 356,100

4,110,787 198,571

7,048,594 193,618 158,819

IT Subscription Financing Agreements

Compensated Absences

635

Total Information Systems

7,695,797

4,014,592

4,309,358

7,401,031

Graphic Services: Compensated Absences

31,533

2,431

33,964

Guilford Metro Communications: Lease Liabilities IT Subscription Financing Agreements

1,268,108

80,477 15,074 71,987

336,043

1,012,542

7,618

7,456

Compensated Absences

738,303

810,290

Total Guilford Metro Communications

2,006,411

167,538

343,661

1,830,288

Employee Risk Retention: Compensated Absences

51,636

19,049

70,685

Capital Leasing: IT Subscription Financing Agreements

7,198,538

542,893

1,707,084

6,034,347

$

20,074,946

$ 4,762,826

$

7,817,402

$

17,020,370

Total Internal Service Funds

*In accordance with GASB101, the City chooses to present the change in compensated absences net.

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