COG Comprehensive Annual Financial Report
11. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2018, was as follows: Beginning
Ending
Due Within
Balance
Additions
Reductions
Balance (1)
One Year
Governmental Activities: Bonds and Notes Payable: General Obligation Bonds
$ 167,030,000 $
$ (14,300,000) $ 152,730,000 $ 14,485,000
Premium on General Obligation Bonds General Obligation Bond Anticipation Notes
12,873,134 18,497,315
(2,198,888)
10,674,246 50,621,922
2,099,128 50,621,922
32,124,607
Premium on BANS
41,668
41,668
41,668 655,000 102,503 315,000 43,014 630,000 42,361 562,200
Limited Obligation Bonds
23,250,000 1,382,045 11,323,116 5,640,000
(630,000) (102,503)
22,620,000 1,279,542 13,684,016 5,335,000
Premium on Limited Obligation Bonds
Limited Obligation Notes Certificates of Participation
2,360,900
13,684,016
(305,000) (43,014) (610,000) (40,057) (507,660)
Premium on Certificates of Participation
289,705
246,691
Section 108 HUD Loan
4,222,000
3,612,000
Fire Station Loan
82,418
42,361
Master Lease Agreement
3,520,260
3,012,600
Total Debt Payable
248,109,993
34,527,175
(18,737,122)
263,900,046
83,281,812
Other Liabilities Net Pension Liability (LGERS) (3) Net Pension Liability (LEOSSA) (3)
45,935,278 25,009,255 108,191,190 15,045,445 12,529,360
(12,997,519)
32,937,759 25,045,923 107,477,514 14,314,393 13,146,554
36,668
Net OPEB Liability (4)
(713,676) (2,110,798) (8,107,266)
Capital Leases
1,379,746 8,724,460
3,161,514 7,352,641
Compensated Absences (2)
Governmental Activity Long-Term Liability (1)
$ 454,820,521 $
44,668,049 $ (42,666,381) $ 456,822,189 $ 93,795,967
Beginning
Ending Balance
Due Within
Balance
Additions
Reductions
One Year
Business-Type Activities: Bonds and Notes Payable: Special Obligation Bonds
$ 2,250,000 $
$
(715,000) $ 1,535,000 $
750,000
Revenue Bonds
210,990,000 8,272,214 41,338,376
90,690,000 11,389,580 10,530,846 43,450,000 1,241,700 157,302,126
(43,895,000) (2,094,476) (43,316,551)
257,785,000 17,567,318
16,135,000 4,078,845
Premium on Revenue Bonds
Revenue Bond Anticipation Notes
8,552,671
Master Lease Agreement
854,609
(324,397)
530,212
347,308
Limited Obligation Bonds - Performing Arts Installment Lease Agreement - Performing Arts
43,450,000
12,160,940 275,866,139
(13,402,640) (103,748,064)
Total Debt Payable
329,420,201
21,311,153
Other Liabilities Net Pension Liability (LGERS) (3)
8,445,948 22,831,855 26,054,129 2,165,109
(2,148,267) (150,608)
6,297,681 22,681,247 26,547,931 2,336,589
Net OPEB Liability (4) Accrued Landfill Liability Compensated Absences
493,802
500,000
1,820,814
(1,649,334)
1,381,092
Business-Type Activity Long-Term Liability
$ 335,363,180 $ 159,616,742 $ (107,696,273) $ 387,283,649 $ 23,192,245
The gross amount of assets acquired under capital leases at June 30, 2018, represents computer and communication equipment and amortization is included in depreciation expense over the lease period. 38ff
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