2024 Annual Comprehensive Report

Schedule 7 1

Internal Service Funds Schedule of Changes in Long-Term Debt For the Fiscal Year Ended June 30, 2024

Debt

Debt

Outstanding, July 1, 2023

Outstanding June 30, 2024

Additions

Retirements

Equipment Services: Compensated Absences

$

212,289

$

286,055

$

275,253

$

223,091

Technical Services: Lease Liabilities

4,209,624

1,389,485

2,820,139

Compensated Absences

72,120

60,408

62,918

69,610

Total Technical Services

4,281,744

60,408

1,452,403

2,889,749

Information Systems: Lease Liabilities

7,784,589 70,069 175,309

3,194,261

3,477,326 33,980 145,749

7,501,524 36,089 170,919

IT Subscription Financing Agreements

Compensated Absences

141,359

Total Information Systems

8,029,967

3,335,620

3,657,055

7,708,532

Graphic Services: Compensated Absences

33,386

26,052

25,366

34,072

Guilford Metro Communications: Lease Liabilities

1,555,122 669,640

15,750 377,506

302,764 249,403

1,268,108 797,743

Compensated Absences

Total Guilford Metro Communications

2,224,762

393,256

552,167

2,065,851

Employee Risk Retention: Compensated Absences

42,556

87,061

73,823

55,794

Capital Leasing: IT Subscription Financing Agreements

8,136,193

639,090

1,576,745

7,198,538

Total Internal Service Funds

$

22,960,897

$ 4,827,542

$

7,612,812

$

20,175,627

-15 3