ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 146
Schedule 10
City of Eustis
Direct Governmental Activities Debt
As of September 30, 2020
Beginning
Debt
Governmental Revenue Bonds
Increase in
Debt
Amount
Repaid
Debt
Outstanding
Percentage
Applicable
Series 1997A Sales-Sur Tax:
Debt Repaid with Sales Sur-Tax Proceeds
-
-
-
-
0.00%
Series 2004 Sales-Sur Tax:
Debt Repaid with Water Impact Fees
-
-
-
-
0.00%
Debt Repaid with Sewer Impact Fees
-
-
-
-
0.00%
2016 Lease/Purchase of Fire Pumper Truck
180,223
-
87,475
92,748
3.09%
2018 Note Payable - Fire Ladder Truck
640,000
-
160,000
480,000
13.44%
3,000,000
-
3,000,000
83.47%
3,572,748
100.00%
2020 CRA Loan - Land Purchase
Total Debt
$
3,820,223
$
-
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.
129
$
247,475
$
