ACFR FY 2022 FINAL BOOK - Flipbook - Page 111
FINANCIAL SECTION
City of Eustis, Florida
NOTES TO FINANCIAL STATEMENTS
Note 12 - Long-Term Debt (Continued)
The following is a schedule of bonds and notes outstanding on September 30, 2022:
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�
The following is a schedule of bonds and notes outstanding on September 30, 2022:
Description of Bonds
Government Activities:
Revenue bonds and Note payable
Note payable - 2018
Note payable - 2016
CRA Loan - 2020
Total Governmental Activities
Business-Type Activities:
Revenue bonds, Series 2016
Unamortized bond premium - 2016
State Revolving Note Agreement
State Revolving Note Agreement
Note payable - 2017
Total Business-Type Activities
Purpose of Issue
public Safety
public Safety
Comm� Develop�
Issued
$
$
Utility Improv�
Utility Improv�
Utility Improv�
Nitrification
Utility Improv�
Annual Comprehensive Financial Report | September 30, 2022
$
$
Outstanding
Rates
800,000 $
437,550
3,000,000
4,237,550 $
160,000
2,772,346
2,932,346
2�29%
2�01%
2�87%
7,680,000 $
504,691
292,989
5,264,258
1,805,500
15,547,438 $
5,950,000
391,004
161,407
2,759,425
9,261,836
Variable
Variable
Variable
Variable
1�79%
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