2025 Annual Comprehensive Report

9. Changes in Long-Term debt are as follows:

Long-term liability activity for the year ended June 30, 2025, was as follows:

Beginning

Ending

Due Within

Balance (1)

One Year

Balance, Restated Additions

Reductions

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$ 286,595,000 53,920,000 $ $ (29,350,000) $ 311,165,000 $ 23,080,000

Premium on General Obligation Bonds

14,517,118

4,639,959

(3,500,419) (3,175,000) (744,072) (36,769,491)

15,656,658 119,015,000

3,019,810 5,325,000

Limited Obligation Bonds

60,405,000 61,785,000

Premium on Limited Obligation Bonds

1,335,065

6,708,028

7,299,021

963,591

Total Debt Payable

362,852,183 127,052,987

453,135,679

32,388,401

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

123,483,876 13,664,208

137,148,084 34,828,434 70,191,627 21,523,746 6,902,145 18,701,653 2,818,000 18,450,954

31,775,509 89,698,956 13,816,139 8,175,325 21,132,501 3,020,000 17,750,921

3,052,925

Net OPEB Liability (3)

(19,507,329)

Accrued Pollution Remediation

7,807,000 1,254,928 3,949,025

(99,393)

7,936,080 2,126,599 5,860,860

IT Subscription Financing Agreements

(2,528,108) (6,379,873) (202,000)

Lease Liabilities

Other Financing Agreements Compensated Absences (2)

202,000

700,033

8,818,569

Governmental Activity Long-Term Liability (1)

$ 671,705,410 157,481,106 $ $ (65,486,194) $ 763,700,322 $ 57,332,509

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

$ 425,615,000 $

$ (16,070,000) $ 409,545,000 $ 16,915,000

Premium on Revenue Bonds Direct Placement Revenue BANS

31,631,316

(3,189,015)

28,442,301 80,502,695 36,680,000 57,975,000

2,926,708 80,502,695 1,480,000 2,250,000

23,602,063 56,900,632

Limited Obligation Bonds - Performing Arts

38,115,000 60,195,000

(1,435,000) (2,220,000) (22,914,015)

Limited Obligation Bonds - Parking

Total Debt Payable

579,158,379 56,900,632

613,144,996 104,074,403

Other Liabilities Net Pension Liability (LGERS) (3)

28,253,498 22,324,913 6,106,048 47,414,343 1,206,494

(7,378,672) (7,712,997) (628,442) (659,290) (244,108) (130,000) (100,047)

20,874,826 14,611,916 11,011,840 48,416,401

Net OPEB Liability (3)

Accrued Pollution Remediation

5,534,234 1,002,058

447,314 500,000 304,996 247,109 130,000

Accrued Landfill Liability

IT Subscription Financing Agreements

547,204 401,930 210,000

Lease Liabilities

605,373 340,000

40,665

Other Financing Agreements Compensated Absences (2)

2,630,041

2,529,994

1,714,904

Business-Type Activity Long-Term Liability

$ 688,039,089 63,477,589 $ $ (39,767,571) $ 711,749,107 107,418,726 $

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 additions and reductions are netted for compensated absences in accordance with GASB101. 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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