Comprehensive Annual Financial Report FY 2016

11. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2016, was as follows: Beginning

Ending

Due Within

Balance

Additions

Reductions

Balance (1)

One Year

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

149,700,000 $

$

(11,750,000) $

137,950,000 $

$

12,060,000 1,414,390 31,023,007

Premium on General Obligation Bonds General Obligation Bond Anticipation Notes

5,504,439 13,635,363 24,450,000 1,587,051

(1,470,429)

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

17,387,644

Limited Obligation Bonds

(590,000) (102,503)

610,000 102,503

Premium on Limited Obligation Bonds

Limited Obligation Notes Certificates of Participation

1,057,318

6,210,000

(280,000) (43,014) (554,000) (35,819) (409,859)

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

Premium on Certificates of Participation

375,733

332,719

Section 108 HUD Loan

5,376,000

4,822,000

Fire Station Loan

156,116

120,297

Master Lease Agreement

4,387,079

3,977,220

Total Debt Payable

211,381,781

18,444,962

(15,235,624)

214,591,119

46,637,753

Other Liabilities Net Pension Liability (LGERS) (3)

10,204,742 3,317,533 2,182,414 7,947,777

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

Other Post Employment Benefits Payable

2,337,875 2,626,029 11,924,776

Capital Leases

(1,595,714) (7,794,115)

1,247,995 7,159,777

Compensated Absences (2)

Governmental Activity Long-Term Liability (1)

228,270,461 $

42,097,428 $

(24,625,453) $

245,742,436 $

$

55,045,525

Beginning

Ending Balance

Due Within

Balance

Additions

Reductions

One Year

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

$

3,585,000

$

$

(655,000)

$

2,930,000

$

680,000

Premium on Special Obligation Bonds Revenue Bonds

207,790,000 12,262,720

29,310,000 1,086,964

(12,470,000) (2,474,527) (30,000,000)

224,630,000 10,875,157 18,496,701 1,157,227 12,147,306

13,640,000 2,601,277

Premium on Revenue Bonds

Revenue Bond Anticipation Notes

14,075,366 34,421,335

Master Lease Agreement

1,439,147

(281,920)

302,618

Installment Lease Agreement - Performing Arts 12,005,695

141,611

State Water Revolving Loan

254,404

(254,404)

Total Debt Payable

251,412,332

64,959,910

(46,135,851)

270,236,391

17,223,895

Other Liabilities Net Pension Liability (LGERS) (3)

1,936,931

1,936,931 1,108,488 25,601,702 2,149,146

Other Post Employment Benefits Payable

416,477

692,011 421,777

Accrued Landfill Liability Compensated Absences

25,179,925 2,016,160

500,000

1,729,378

(1,596,392)

1,331,237

Business-Type Activity Long-Term Liability

279,024,894 $

69,740,007 $

(47,732,243) $

301,032,658 $

$

19,055,132

The gross amount of assets acquired under capital leases at June 30, 2016, represents computer equipment and amortization is included in depreciation expense over a three year 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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