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