CAFR 2017

In July 2005, the City merged fire operation with Rural Fire District #14 located in eastern Guilford County and assumed an outstanding obligation of $422,898 at a fixed rate of 5.75% maturing in August 2019 which is collateralized by the District’s real property. The outstanding amount as of June 30, 2017 is $82,418.

Lease Purchase and Other Financing Agreements Debt Service Requirements to Maturity are:

Governmental Activities Annual Requirements

Business-Type Activities Annual Requirements

Principal (1) 12,485,337

Fiscal Year

Principal

Interest

Interest

Total

2017-18 2018-19 2019-20 2020-21 2021-22 2022-26

$

3,045,159 4,028,165 3,458,231 3,060,677 3,070,250 6,207,641 22,870,123

$

813,120 684,117 540,884 415,443 266,340 468,768

$

$

335,140 19,962

16,678,756 $

347,308 182,904

5,079,552 4,185,462 3,476,120

3,443

6,676,409

$ 36,096,299 $ (1) Installment financing agreement of $12,160,940 included is scheduled to mature in Fiscal 2018. 3,188,672 $ 13,015,549 $ 358,545 $

38dd