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6.1. B. - Page 72
<br /> NOTE 6- GOVERNMENTAL ACTIVITIES LONG-TERM DEBT �CONTINUED)
<br /> 8. Changes in Long-Term Obligations
<br /> As of June 30, 2011, the City had the following long-term obligations outstanding:
<br /> Interest Beginning Ending Due Within
<br /> Rate Balance Additions Retirements Balance One Year
<br /> Governmental Activities: % $ $ $ $ $
<br /> Revenue Bonds
<br /> 1998 Lease Revenue Refunding Bonds 4.00-5.00 2,765,000 1,095,000 1,670,000 1,670,000
<br /> 2003 PFA Refunding Bonds 2.50-4.38 7,040,000 820,000 6,220,000 340,000
<br /> Unamortized premiums 2,571 286 2,285 286
<br /> Subtotal 9,807,571 1,915,286 7,892,285 2,010,286
<br /> Tax Increment Bonds
<br /> 2003 Tax Allocation Bonds 3.50-5.80 33,997,448 1,225,000 32,772,448 1,265,000
<br /> Accreted interest payable 8,717,909 1,599,544 10,317,453
<br /> Unamortized premiums 707,743 30,771 676,972 30,771
<br /> Subtotal 43,423,100 1,599,544 1,255,771 43,766,873 1,295,771
<br /> Loans
<br /> Redwood City School District Loan 126,963 42,321 84,642 42,321
<br /> Total Bonds and Loans 53,357,634 1,599,544 3,213,378 51,743,800 3,348,378
<br /> Accrued Sick Leave and Vacation 9,644,188 245,659 350,539 9,539,308 345,551
<br /> Total Governmental Activities Long-Term Debt 63,001,822 1,845,203 3,563,917 61,283,108 3,693,929
<br /> At year-end, $883,610 of internal service fund compensated absences is included in the above amounts.
<br /> For the governmental activities, compensated absences are generally liquidated by the general fund.
<br /> C. Annual Repayment Requirements for Long-Term Debt
<br /> Governmental Activities:
<br /> Year End Revenue Bonds Tax Increment Bonds Loans Total
<br /> June 30 Principal Interest Principal Interest Principal Interest Principal Interest
<br /> $ $ $ $ $ $ $ $
<br /> 2012 2,010,000 281,063 1,265,000 585,975 42,321 3,317,321 867,038
<br /> 2013 750,000 220,748 2,480,000 511,075 42,321 3,272,321 731,823
<br /> 2014 775,000 193,091 2,895,000 385,481 3,670,000 578,572
<br /> 2015 805,000 163,265 3,045,000 229,556 3,850,000 392,821
<br /> 2016 835,000 131,270 3,142,669 292,144 3,977,669 423,414
<br /> 2017-2021 2,715,000 178,180 8,336,012 9,188,988 11,051,012 9,367,168
<br /> 2022-2026 5,897,817 11,632,183 5,897,817 11,632,183
<br /> 2027-2031 4,312,130 13,212,869 4,312,130 13,212,869
<br /> 2032-2035 1,398,820 5,616,181 1,398,820 5,616,181
<br /> 7,890,000 1,167,617 32,772,448 41,654,452 84,642 40,747,090 42,822,069
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