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133

City of Raleigh

Financial Section

SCHEDULE OF ENTERPRISE LONG-TERM OBLIGATIONS

For the Fiscal Year Ended June 30, 2016

Date

Principal

Issued

Interest

of

Balance

During

Description

Rate

Issue

June 30, 2015

Year

WATER AND SEWER

GENERAL OBLIGATION

BONDS PAYABLE

Water Refunding, Series

2004A

3.25%

3/1/04

$

560,753

$

-

Sanitary Sewer Refunding, Series

2004A

3.25%

3/1/04

332,978

-

Sanitary Sewer Refunding, Series 2009B

2.50%

3/11/09

199,237

-

Total Water and Sewer General Obligation Debt

1,092,968

-

REVENUE BONDS PAYABLE

Water/Sewer, Series

2006A

5.00%

10/10/06

6,305,000

-

Water/Sewer Refunding, Series

2006B

3.90 - 4.25%

10/10/06

57,035,000

-

Water/Sewer, Series

2008A

Variable Rate

4.163%

6/12/08

78,880,000

-

Water/Sewer, Series

2008B

Variable Rate

4.163%

6/12/08

52,595,000

-

Water/Sewer Refunding, Series

2010A

2.25 - 5.00%

3/20/10

65,435,000

-

Water/Sewer, Series 2011

3.00 - 5.00%

2/10/11

103,985,000

-

Water/Sewer Refunding, Series 2012A

5.00%

4/05/12

31,230,000

-

Water/Sewer, Series 2013A

2.00 - 5.00%

05/16/13

66,895,000

-

Water/Sewer Refunding, Series 2013A

3.75 - 5.00%

05/16/13

112,780,000

-

Water/Sewer Refunding, Series 2013B, Taxable

0.65 - 2.14%

05/16/13

23,470,000

-

Water/Sewer Refunding, Series 2015A

3.25 - 4.00%

04/30/15

47,815,000

-

Water/Sewer Refunding, Series 2015B

3.00 - 5.00%

12/08/15

-

49,860,000

Total Water and Sewer Revenue Debt

646,425,000

49,860,000

OTHER WATER AND SEWER

LONG TERM OBLIGATIONS

Installment Financing Agreement (DEQ/STATE LOANS)

36,907,025

18,618,073

Other Installment Obligations

-

-

Reimbursement Contracts - Water and Sewer Lines

-

-

Earned Vacation Pay

2,559,684

2,011,039

Total Other Water and Sewer Long-Term Obligations

39,466,709

20,629,112

Total Water and Sewer Long-Term Obligations

686,984,677

70,489,112

PARKING FACILITIES FUND

General Obligation Series 2009B, Parking Facilities Refunding

2.50%

3/11/09

678,287

-

Total Parking Facilities General Obligation Bonded Debt

678,287

-

OTHER PARKING FACILITIES

LONG-TERM OBLIGATIONS

Installment Financing Agreements (COPS/LOBS)

77,690,000

11,691,507

Earned Vacation Pay

114,303

87,613

Total Other Parking Facilities Long-Term Obligations

77,804,303

11,779,120

Total Parking Facilities Long-Term Obligations

78,482,590

11,779,120

CONVENTION CENTER FACILITIES

LONG-TERM OBLIGATIONS

Installment Financing Agreements (COPS)

242,295,314

19,428,057

Earned Vacation Pay

646,971

325,269

Total Convention Center Facilities Long-Term Obligations

242,942,285

19,753,326

MASS TRANSIT

LONG-TERM OBLIGATIONS

Mass Transit Earned Vacation Pay

42,918

31,294

Total Mass Transit Long-Term Obligations

42,918

31,294

SOLID WASTE SERVICES

LONG-TERM OBLIGATIONS

Installment Financing Agreements (COPS)

17,070,299

4,922,816

Solid Waste Services Earned Vacation Pay

843,190

543,618

Landfill closure and Postclosure Costs

3,613,177

824,418

Total Solid Waste Services Long-Term Obligations

21,526,666

6,290,852

STORMWATER

LONG-TERM OBLIGATIONS

Installment Financing Agreements (DEQ/STATE LOANS)

1,933,013

-

Stormwater Earned Vacation Pay

236,233

220,081

Total Stormwater Long-Term Obligations

2,169,246

220,081

Total Enterprise Long-Term Obligations

$ 1,032,148,383

$

108,563,785

Notes:

(1)  2006B maturities refunded on 12/8/15 by 2015B Rev Refunding Bonds

(2)  Assumed rate is the synthetically fixed rate of SWAP Agreement.  Actual variable rate interest paid may differ.

(3)  The amount of vacation pay to be paid in any fiscal year cannot be determined.  The total amount of 

accrued vacation pay outstanding at any point in time is not expected to materially increase or decrease 

from the amount shown.