CAFR 2017

11. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2017, was as follows:

Beginning

Ending

Due Within

Balance (1)

Balance

Additions

Reductions

One Year

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$

137,950,000 4,034,010 31,023,007 23,860,000 1,484,548 1,057,318 5,930,000

$

62,590,000 10,500,223 37,474,308

(33,510,000) $

167,030,000 $

$

14,300,000 2,198,888

Premium on General Obligation Bonds General Obligation Bond Anticipation Notes

(1,661,099) (50,000,000)

12,873,134 18,497,315 23,250,000 1,382,045 11,323,116 5,640,000

Limited Obligation Bonds

(610,000) (102,503)

630,000 102,503

Premium on Limited Obligation Bonds

Limited Obligation Notes Certificates of Participation

10,265,798

(290,000) (43,014) (600,000) (37,879) (456,960)

305,000 43,014 610,000 40,057 507,660

Premium on Certificates of Participation

332,719

289,705

Section 108 HUD Loan

4,822,000

4,222,000

Fire Station Loan

120,297

82,418

Master Lease Agreement

3,977,220

3,520,260

Total Debt Payable

214,591,119

120,830,329

(87,311,455)

248,109,993

18,737,122

Other Liabilities Net Pension Liability (LGERS) (3) Net Pension Liability (LEOSSA) (3)(4) Other Post Employment Benefits Payable

10,204,742 25,080,559 5,655,408 3,212,729 12,078,438

35,730,536

45,935,278 25,009,255 9,623,444 15,045,445 12,529,360

(71,304)

3,968,036 13,749,746 8,133,237

Capital Leases

(1,917,030) (7,682,315)

1,887,442 7,277,193

Compensated Absences (2)

Governmental Activity Long-Term Liability (1)

$

270,822,995

$

182,411,884

(96,982,104) $

356,252,775 $

$

27,901,757

Beginning

Ending Balance

Due Within

Balance

Additions

Reductions

One Year

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

$

2,930,000

$

$

(680,000)

$

2,250,000

$

715,000

Revenue Bonds

224,630,000 10,875,157 18,496,701 1,157,227 12,147,306 270,236,391 1,936,931 1,108,488 25,601,702 2,149,146

(13,640,000) (2,602,943)

210,990,000 8,272,214 41,338,376

14,295,000 2,094,479 41,338,376

Premium on Revenue Bonds

Revenue Bond Anticipation Notes

22,841,675

Master Lease Agreement

(302,618)

854,609

324,397

Installment Lease Agreement - Performing Arts

13,634

12,160,940 275,866,139

12,160,940 70,928,192

Total Debt Payable

22,855,309

(17,225,561)

Other Liabilities Net Pension Liability (LGERS) (3)

6,509,017

8,445,948 1,702,313 26,054,129 2,165,109

Other Post Employment Benefits Payable (3)

593,825 452,427

Accrued Landfill Liability Compensated Absences

500,000

1,694,360

(1,678,397)

1,386,083

Business-Type Activity Long-Term Liability

$

301,032,658

$

32,104,938

(18,903,958) $

314,233,638 $

$

72,814,275

The gross amount of assets acquired under capital leases at June 30, 2017, 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.

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