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129

City of Raleigh

Financial Section

SCHEDULE OF LONG-TERM OBLIGATION MATURITIES

AND DEBT SERVICE REQUIREMENTS

June 30, 2016

Maturities on all long-term obligations are:

Water and Sewer

Parking Facilities

General Obligation Bonded Debt:

Fiscal Year

Ended

June 30

Principal

Interest

Principal

Interest

Principal

Interest

2017

$

87,584 $

2,190

$

-

$

-

$

298,173

$

7,454

2018

-

-

-

-

-

-

2019

-

-

-

-

-

-

2020

-

-

-

-

-

-

2021

-

-

-

-

-

-

2022-2026

-

-

-

-

-

-

2027-2031

-

-

-

-

-

-

2032-2036

-

-

-

-

-

-

Total General Obligation

Bonded Debt

87,584

2,190

-

-

298,173

7,454

Revenue Bonds:

2017

22,860,000

27,655,315

-

-

-

-

2018

23,130,000

26,783,173

-

-

-

-

2019

24,070,000

25,833,525

-

-

-

-

2020

25,195,000

24,784,513

-

-

-

-

2021

26,300,000

23,654,865

-

-

-

-

2022-2026

136,780,000

99,812,948

-

-

-

-

2027-2031

157,530,000

66,615,243

-

-

-

-

2032-2036

151,065,000

29,688,350

-

-

-

-

2037-2041

42,645,000

7,690,431

-

-

-

-

2042-2043

7,800,000

589,750

-

-

-

-

Total Revenue Bonded Debt

617,375,000

333,108,113

-

-

-

-

Other Long-Term Obligations:

Installment Financing Agreement:

2017

1,979,074

279,199

8,883,976

9,448,229

3,525,793

2,554,770

2018

5,235,996

838,253

9,260,734

9,123,338

3,622,057

2,460,250

2019

4,837,945

741,172

9,645,734

8,731,140

3,956,262

2,336,246

2020

4,837,945

655,833

10,035,734

8,358,035

4,083,474

2,350,361

2021

4,672,945

570,495

10,530,734

7,854,006

3,661,382

2,200,466

2022-2026

15,673,152

2,163,456

59,663,672

32,232,896

19,669,736

9,542,042

2027-2031

11,449,039

982,876

76,279,706

17,895,817

19,467,803

6,161,320

2032-2036

4,775,501

116,240

61,024,214

3,654,209

14,640,000

1,567,900

2037-2040

-

-

-

-

-

-

53,461,597

6,347,524

(3)

245,324,504

97,297,670

72,626,507

29,173,355

Other:

Earned Vacation Pay

(1)

2,747,218

-

657,860

-

110,101

-

Landfill Postclosure Costs

(1)

-

-

-

-

-

-

2,747,218

-

657,860

-

110,101

-

Total Other Long-Term Obligations

56,208,815

6,347,524

245,982,364

97,297,670

72,736,608

29,173,355

Total Long-Term Obligations

$

673,671,399 $ 339,457,827

$ 245,982,364 $

97,297,670 $

73,034,781 $

29,180,809

Notes:

(1)

Interest not applicable.

(2)

Represents debt service remaining from prior individual utility system mergers with towns of Rolesville, Wake Forest, Knightdale, Wendell and Zebulon

(3)

Interest indicated includes full interest amounts per preliminary amortization schedule. Not all proceeds were drawn at

6/30/2016

for some issues.

Therefore actual interest amounts could differ, depending on what principal amounts are finalized on these state revolving loans.

(4)

Includes Solid Waste Services; Stormwater

Enterprise

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