COG Comprehensive Annual Financial Report

Revenue Bonds/Anticipation Notes Debt Service Requirements to Maturity are:

Business-Type Activities Annual Requirements

Principal (1)

Fiscal Year

Interest

Total

2018-19 2019-20 2020-21 2021-22 2022-23 2023-28 2028-33 2033-38 2038-43 2043-47

$

16,135,000 $ 9,929,233 $ 26,064,233

15,545,000 24,882,671 17,810,000 14,910,000 70,365,000 47,245,000 21,500,000 21,250,000 16,695,000

10,035,835 11,210,706 6,970,434 6,301,984 23,234,554 13,422,137 8,866,994 5,531,028 1,540,776

25,580,835 36,093,377 24,780,434 21,211,984 93,599,554 60,667,137 30,366,994 26,781,028

18,235,776 $ 266,337,671 $ 97,043,681 $ 363,381,352

(1) Bond Anticipation Notes of $8,552,671 included are scheduled to mature in Fiscal 2021.

9. Certificates of Participation In September 2010, the Greensboro Center City Corporation (GCCC) issued $7,000,000 Certificates of Participation payable annually at a fixed rate of 3.0% to 5.25% through FY 2031. Pursuant to installment purchase agreements, the City will make installment payments sufficient to pay the scheduled debt service on all certificates. Principal and interest requirements will be provided by appropriation in the year in which they become due. These payments will be appropriated in the Hotel/Motel Occupancy Tax Special Revenue Fund. Certificates were issued for the Coliseum Complex Aquatic Center purposes. Certificates of Participation of the GCCC have been issued in prior years for parking facilities, expansion and improvements to the Coliseum Complex, and equipment purchases. All certificates are matured, except those relating to the Coliseum Complex – Aquatic Center. Principal is payable annually in varying amounts through FY 2031. Certificates of Participation Debt Service Requirements to Maturity are:

Governmental Activities Annual Requirements

Fiscal Year

Principal

Interest

Total

2018-19 2019-20 2020-21 2021-22 2022-27 2027-31

$

315,000 $

246,975 $ 561,975

330,000 340,000 355,000

234,375 221,175 207,575 813,463 267,751

564,375 561,175 562,575

2,005,000 1,990,000

2,818,463

2,257,751 $ 5,335,000 $ 1,991,314 $ 7,326,314

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