ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 101
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 10 - Long-Term Debt (Continued)
Debt Service to maturity on the City’s bonded indebtedness and loan agreement are as follows:
Governmental Activities
Note Payable - 2018 (Direct Placement)
Fiscal
Year
Principal
Interest
2021
$
160,000
$
10,992
2022
160,000
7,328
2023
160,000
3,664
Total
$
480,000
$
21,984
Note Payable - 2016 (Direct Placement)
Fiscal
Year
Principal
Interest
2021
$
92,748
$
1,830
Total
$
92,748
$
1,830
CRA Loan - 2020 (Direct Borrowing)
Fiscal
Year
Principal
Interest
2021
$
113,142
$
85,008
2022
116,681
81,468
2023
120,080
78,068
2024
123,578
74,571
2025
2,526,519
70,970
Total
$
3,000,000
$ 390,085
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