ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 156
Schedule 10
City of Eustis, Florida
Direct Governmental Activities Debt
September 30, 2021
Beginning
Debt
Governmental Revenue Bonds
2016 Lease/Purchase of Fire Pumper Truck
2018 Note Payable - Fire Ladder Truck
2020 CRA Loan - Land Purchase
Total Debt
$
Increase in
Debt
Amount
Repaid
Debt
Outstanding
Percentage
Applicable
92,748
-
89,234
3,514
0.12%
480,000
-
160,000
320,000
9.96%
3,000,000
-
112,188
2,887,812
83.47%
3,211,326
100.00%
3,572,748
$
-
$
The 2016 Lease/Purchase of the Pumper Truck is repaid with Sales Sur-Tax Proceeds
The 2018 Note Payable is repaid with Sales Sur-Tax Proceeds
The 2020 CRA Loan is repaid with incremental tax income.
The City of Eustis does not have any overlapping debt. All debt is secured through a specific
revenue source exclusive to the City of Eustis.
146
361,422
$