ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 108
Note 10 - Long-Term Debt
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Governmental Activities
Beginning
Balance
Governmental Activities:
Revenue Bonds and Note Payable:
Note Payable - 2018 (Direct Placement)
Note Payable - 2016 (Direct Placement)
CRA Loan - 2020 (Direct Placement)
Subtotal
Other Liabilities:
Total OPEB Obligation
Net Pension Liability
Compensated Absences
Total Other Liabilities
$
480,000
92,748
3,000,000
3,572,748
$
2,195,477
9,643,980
1,726,602
13,566,059
Total Governmental Activities
$
17,138,807
Business Type Activities:
Revenue Bonds
Water & Sewer Revenue
Bonds, Series 2016
Unamortized Bond Premium - 2016
Subtotal
$
$
$
190,780
3,230,233
189,182
3,610,196
Notes Payable - Direct Placement:
Note Payable - 2017
Subtotal
$
Total Revenue Bonds and Notes
- Direct Borrowings:
Note Agreement
Note Agreement
Note Agreement
Other Liabilities
Total OPEB Obligation
Net Pension Liability
Compensated Absences
Total Other Liabilities
Total Business Type Activities
$
$
Decreases
$
(160,000)
(89,234)
(112,188)
(361,422)
$
525,396
798,676
1,029,085
2,353,157
$
2,353,157
$
Beginning
Balance
6,570,000
426,229
6,996,229
Notes Payable
State Revolving
State Revolving
State Revolving
Subtotal
Increases
-
-
$
$
320,000
3,514
2,887,812
3,211,326
$
(882,117)
(5,250,641)
(987,950)
(7,120,708)
$
(7,482,130)
Increases
$
$
$
$
-
722,200
722,200
$
11,328,625
$
588,734
445,624
418,801
1,453,159
$
12,781,784
Amounts
Due Within
One Year
$
160,000
3,514
116,653
280,167
$
1,838,756
5,192,015
1,767,737
8,798,508
$
282,838
282,838
$
12,009,834
$
563,005
Decreases
(305,000)
(14,525)
(319,525)
Ending
Balance
$
6,265,000
411,704
6,676,704
$
(190,780)
(232,340)
(13,716)
(436,836)
-
$
-
$
Amounts
Due Within
One Year
$
315,000
20,700
335,700
$
2,997,893
175,466
3,173,359
$
238,811
13,716
252,527
(361,100)
(361,100)
$
361,100
361,100
$
361,100
361,100
$
(1,117,461)
$
10,211,163
$
949,327
$
139,796
353,027
492,823
$
(239,279)
(426,051)
(365,022)
(1,030,352)
$
489,251
19,573
406,806
915,630
$
79,099
79,099
$
492,823
$
(2,147,813)
$
11,126,793
$
-
Ending
Balance
$
$ 1,028,426
The following is a schedule of bonds and notes outstanding on September 30, 2021:
In governmental fund financial statements, the amount of compensated absences associated with
employee terminations before year-end is recorded as expenditures and represents the amounts
that would typically be liquidated with available spendable resources. All governmental fund
compensated absences are recorded and split between the current and noncurrent portions in the
government-wide financial statements. The compensated absences payable and other postemployment benefits from the governmental funds are liquidated from the General, Street
Improvement, and Stormwater Funds.
In proprietary funds, compensated absences associated with employee vacations and sick leave
are recorded as expenses, representing the amounts accrued during the year. The liability for
compensated absences of these funds is reflected in the respective financial statements split
between the current and noncurrent portions.
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