HomeMy WebLinkAboutNC Comprehensive Report (Finance) (54)CITY OF NATIONAL CITY
Notes to the Basic Financial Statements
(Continued)
(7) Long-Teilu Debt
Following is a summary of long-term debt transactions for the fiscal year ended June 30,
2012:
Classification
Amount Due Amount Due
Balance at Balance at Within Beyond
July 1 2011 Additions Deletions* June 30, 2012 One Year One Year
Governmental Activities:
Lease Revenue Refunding
Bonds $ 3,115,000 (400,000) 2,715,000 415,000 2,300,000
1999 Tax Allocation Bonds 3,965,000 (3,965,000)
2004 Tax Allocation Bonds 4,345,000 (4,345,000)
2005 Series A and B Tax
Allocation Bonds 26,620,000 (26,620,000)
2011 Tax Allocation Bonds 39,660,000 (39,660,000) -
General Obligation Bonds 5,120,000 - (175,000) 4,945,000 185,000 4,760,000
HUD 108 Bond 2003 A 5,505,000 (260,000) 5,245,000 280,000 4,965,000
Total Bonds 88,330,000 (75,425,000) 12,905,000 880,000 12,025,000
Claims Payable (Note 6) 6,114,000 1,581,396 (1,412,396) 6,283,000 1,581,396 4,701,604
Compensated Absences 2,815,344 3,595,326 (1,682,893) 4,727,777 1,683,000 3,044,777
Other Postemployment
Benefits (Note 9) 105,229 128,176 (105,993) 127,412 127,412
Capitalized Lease Obligations 2.416,722 (269,245) 2,147,477 88.203 2,059,274
Total Governmental
Activities 99,781,295 5,304,898 (78,895,527) 26,190,666 4,232,599 21,958,067
Business -type Activities:
Note Payable 2,276,885 (218,492) 2 058,393 233,123 1.825,270
Total Primary
Government $102,058,180 5.304,898 (79,114.019) 28,249,059 4,465,722 23,783,337
* On February 1, 2012 $71,115,000 of liabilities of the former Redevelopment Agency of
National City were transferred to the Successor Agency. See footnote 15.
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