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135

City of Raleigh

Financial Section

SCHEDULE OF INTERNAL SERVICE LONG-TERM OBLIGATIONS

For the Fiscal Year Ended June 30, 2016

Date

Interest

of

Description

Rate

Issue

EQUIPMENT INTERNAL SERVICE

LONG-TERM OBLIGATIONS PAYABLE

INSTALLMENT FINANCING AGREEMENTS:

Equipment Acquisition Project, Series 2011

1.75%

05/18/11

$ 2,422,583 $

-

Equipment Acquisition Project, Series 2013

0.9007% 05/13/13

20,482,062

-

Equipment Acquisition Project, Series 2015

1.3379% 06/18/15

31,850,676

-

Total Installment Financing Agreements:

54,755,321

-

OTHER INTERNAL SERVICE

LONG-TERM OBLIGATIONS

Earned Vacation Pay - Risk Management

16,522

19,979

Earned Vacation Pay - Vehicle Fleet Services

308,033

201,915

Total Other Internal Service Long-Term Obligations

324,555

221,894

Total Internal Service Long-Term Obligations

$ 55,079,876 $

221,894

Note:

(1)

The amount of vacation pay to be paid in any fiscal year cannot be determined.

Principal

Issued

Balance

During

June 30, 2015

Year