140 / 373
38ff
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
$
Premium on General Obligation Bonds
5,504,439
(1,470,429)
4,034,010
1,414,390
General Obligation Bond Anticipation Notes
13,635,363
17,387,644
31,023,007
31,023,007
Limited Obligation Bonds
24,450,000
(590,000)
23,860,000
610,000
Premium on Limited Obligation Bonds
1,587,051
(102,503)
1,484,548
102,503
Limited Obligation Notes
1,057,318
1,057,318
Certificates of Participation
6,210,000
(280,000)
5,930,000
290,000
Premium on Certificates of Participation
375,733
(43,014)
332,719
43,014
Section 108 HUD Loan
5,376,000
(554,000)
4,822,000
600,000
Fire Station Loan
156,116
(35,819)
120,297
37,879
Master Lease Agreement
4,387,079
(409,859)
3,977,220
456,960
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
10,204,742
Other Post Employment Benefits Payable
2,337,875
3,317,533
5,655,408
Capital Leases
2,626,029
2,182,414
(1,595,714)
3,212,729
1,247,995
Compensated Absences
(2)
11,924,776
7,947,777
(7,794,115)
12,078,438
7,159,777
Governmental Activity
Long-Term Liability
(1)
228,270,461
$
42,097,428
$
(24,625,453)
$
245,742,436
$
55,045,525
$
Beginning
Ending
Due Within
Balance
Additions
Reductions
Balance
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
29,310,000
(12,470,000)
224,630,000
13,640,000
Premium on Revenue Bonds
12,262,720
1,086,964
(2,474,527)
10,875,157
2,601,277
Revenue Bond Anticipation Notes
14,075,366 34,421,335
(30,000,000)
18,496,701
Master Lease Agreement
1,439,147
(281,920)
1,157,227
302,618
Installment Lease Agreement - Performing Arts 12,005,695
141,611
12,147,306
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
Other Post Employment Benefits Payable
416,477
692,011
1,108,488
Accrued Landfill Liability
25,179,925
421,777
25,601,702
500,000
Compensated Absences
2,016,160
1,729,378
(1,596,392)
2,149,146
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.