2024 Annual Comprehensive Report

9. Changes in Long-Term debt are as follows: Long-term liability activity for the year ended June 30, 2024, was as follows:

Beginning

Ending

Due Within

Balance (1)

Balance

Additions

Reductions

One Year

Governmental Activities: Bonds and Notes Payable: General Obligation Bonds

$ 309,770,000 $

$ (23,175,000) $ 286,595,000 $ 23,230,000

Premium on General Obligation Bonds

21,933,692 63,525,000 1,735,958 396,964,650

(3,849,458) (3,120,000) (239,311) (30,383,769)

18,084,234 60,405,000 1,496,647 366,580,881

3,529,191 3,175,000

Limited Obligation Bonds

Premium on Limited Obligation Bonds

239,311

Total Debt Payable

30,173,502

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

108,157,886 29,497,172 91,825,873 9,810,806 20,877,775

15,325,990 2,278,337

123,483,876 31,775,509 89,698,956 8,175,325 21,132,501 3,020,000 19,281,228

Net OPEB Liability (3)

(2,126,917) (2,334,382) (5,887,110)

IT Subscription Financing Agreements

698,901

2,094,419 5,753,999

Lease Liabilities

6,141,836 3,020,000

Other Financing Agreements Compensated Absences (2)

202,000

17,105,310

13,331,058 (11,155,140)

9,079,309

Governmental Activity Long-Term Liability (1)

$ 674,239,472 $ 40,796,122 (51,887,318) $ $ 663,148,276 $ 47,303,229

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

$ 314,290,000 126,530,000 $ $ (15,205,000) $ 425,615,000 $ 16,070,000

Premium on Revenue Bonds Direct Placement Revenue BANS

19,077,488

8,942,397

(5,069,114)

22,950,771 23,602,063 38,115,000 60,195,000 570,477,834

2,087,285

50,795,451 107,418,657

(134,612,045)

Limited Obligation Bonds - Performing Arts

39,505,000 62,395,000

(1,390,000) (2,200,000)

1,435,000 2,220,000 21,812,285

Limited Obligation Bonds - Parking

Total Debt Payable

486,062,939 242,891,054

(158,476,159)

Other Liabilities Net Pension Liability (LGERS) (3)

23,729,110 22,854,274 47,540,223 1,066,192

4,524,388

28,253,498 22,324,913 47,414,343

Net OPEB Liability (3) Accrued Landfill Liability

(529,361) (125,880) (468,828) (411,744) (130,000) (2,816,302)

500,000 460,476 241,432 130,000

IT Subscription Financing Agreements

597,364 605,373 340,000

Lease Liabilities

312,676 150,000

704,441 320,000

Other Financing Agreements

Compensated Absences

3,128,501

2,529,581

2,841,780

1,961,283

Business-Type Activity Long-Term Liability

$ 584,843,915 250,969,464 $ $(162,958,274) $ 672,855,105 $ 25,105,476

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. 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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