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Indian River County, Florida
<br />Direct and Overlapping Governmental Activities Debt
<br />September 30, 2010
<br />Schedule 13
<br />Governmental Unit
<br />Share of
<br />Debt
<br />Percentage
<br />Overlapping
<br />Debt repaid with property taxes:
<br />Outstanding
<br />Applicable
<br />Debt
<br />Indian River County General Obligation Bonds, Series 2001 $
<br />4,274,882
<br />(A) 100% $
<br />4,274,882
<br />Indian River County Limited General Obligation Bonds, Series 2006
<br />37,359,804
<br />(B) 100
<br />37,359,804
<br />Total direct debt of County:
<br />41,634,686
<br />Indian River County School District General Obligation Bonds, 2002 Refunding
<br />10,644,012
<br />(C) 100
<br />10,644,012
<br />Indian River County School District General Obligation Bonds, 2003 Refunding
<br />1,911,382
<br />(C) 100
<br />1,911,382
<br />Other debt:
<br />Indian River County School District Certificates of Participation
<br />109,605,000
<br />(C) 100
<br />109,605,000
<br />Indian River County School District Capital Lease Payable
<br />1,421,555
<br />(C) 100
<br />1,421,555
<br />Total overlapping debt:
<br />123,581,949
<br />Total direct and overlapping debt:
<br />$
<br />165,216,635
<br />(A) Ending General Obligation, Series 2001 balance $
<br />5,210,000
<br />Less: Fund balance available in debt service fund
<br />(935,118)
<br />Net debt outstanding
<br />4,274,882
<br />(B) Ending Limited General Obligation, Series 2006 balance
<br />38,270,000
<br />Less: Fund balance available in debt service fund
<br />(910,196)
<br />Net debt outstanding
<br />37,359,804
<br />Total direct debt of County: $ 41,634,686
<br />(C) Indian River County School District, as of June 30, 2010
<br />Source: Information on outstanding debt provided by the Indian River County School District Finance Department.
<br />Note: Overlapping debt is borne by all property owners within the County boundaries.
<br />184
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