ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 99
NOTES TO FINANCIAL STATEMENTS
CITY OF EUSTIS, FLORIDA
(Continued)
Note 10 - Long-Term Debt
`
Beginning
Balance
Governmental Activities:
Note Payable - 2018 (Direct Placement)
Note Payable - 2016 (Direct Placement)
CRA Loan - 2020 (Direct Borrowing)
Total OPEB Obligation
Net Pension Liability
Compensated Absences
Total Governmental Activities
$
$
640,000
180,223
1,749,654
8,846,447
1,636,368
13,052,692
Increases
$
$
Beginning
Balance
Business Type Activities:
Revenue Bonds
Water & Sewer Revenue
Bonds, Series 2016
Unamortized Bond Premium - 2016
Subtotal
$
$
6,865,000
428,988
7,293,988
Notes Payable - Direct Borrowing:
State Revolving Note Agreement SRF 507010P
State Revolving Note Agreement SRF 350302
State Revolving Note Agreement SRF 350300
Subtotal
$
564,219
3,456,604
202,566
4,223,389
Notes Payable - Direct Placement:
Note Payable - 2017
Subtotal
$
Total Revenue Bonds and Notes
$
Other Liabilities
Total OPEB Obligation
Net Pension Liability
Compensated Absences
Total Other Liabilities
Total Business Type Activities
3,000,000
445,823
2,805,245
628,078
6,879,146
Decreases
$
$
Increases
$
$
-
1,083,300
1,083,300
12,600,677
491,561
365,300
412,351
$
$
$
480,000
92,748
3,000,000
2,195,477
9,643,980
1,726,602
17,138,807
Ending
Balance
Decreases
(295,000)
2,759
(292,241)
$
-
(160,000)
(87,475)
(2,007,712)
(537,844)
(2,793,031)
Ending
Balance
$
6,570,000
426,229
6,996,229
$
(373,439)
(226,371)
(13,383)
(613,193)
-
$
-
$
97,173
85,784
244,218
Amount
Due Within
One Year
$
$
160,000
113,142
276,256
549,398
Amount
Due Within
One Year
$
305,000
20,043
325,043
$
190,780
3,230,233
189,182
3,610,196
$
190,780
232,341
13,717
436,838
(361,100)
(361,100)
$
722,200
722,200
$
361,100
361,100
(1,266,534)
$
11,328,625
$ 1,122,981
588,734
445,624
418,801
75,492
(5,460)
(237,768)
$
1,269,212
$
427,175
$
(243,228)
$
1,453,159
$
13,869,889
$
427,175
$
(1,509,762)
$
12,781,784
$
$
75,492
$ 1,198,473
In governmental fund financial statements, the amount of compensated absences associated with
employee terminations prior to year-end, if any, is recorded as expenditures and represents the
amounts that would normally be liquidated with available spendable resources. In the governmentwide financial statements, all governmental fund compensated absences are recorded and split
between the current and noncurrent portions. 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, the amount of compensated absences associated with employee vacations
and sick leave are recorded as expenses, which represent the amounts accrued during the year.
The entire 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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