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Indian River County, Florida
<br />Board of County Commissioners
<br />Notes To Financial Statements
<br />Year Ended September 30, 2011
<br />NOTE 11 - LONG-TERM LIABILITIES - Continued
<br />B. Proprietary Funds Long Term Debt
<br />Changes in Long -Term Liabilities
<br />Accrued Compensated Absences
<br />Bonds Payable:
<br />Recreational Revenue Refunding
<br />Series 2003
<br />Water & Sewer Revenue
<br />Series 1993
<br />Water & Sewer Revenue
<br />Refunding Series 2005
<br />Water & Sewer Revenue
<br />Refunding Series 2009
<br />Total Bonds Payable
<br />Grand Total
<br />Balance Balance
<br />October 1, September 30,
<br />2010 Additions Deletions 2011
<br />$ 1,074,872 $ 710,942 $ 920,935 $ 864,879
<br />3,175,000 - 520,000 2,655,000
<br />1,555,000 - 1,555,000 -
<br />21,925,000 - 1,435,000 20,490,000
<br />26,370,000 - - 26,370,000
<br />53,025,000 - 3,510,000 49,515,000
<br />$ 54,099,872 $ 710,942 $ 4,430,935 $ 50,379,879
<br />Annual Debt Service Pqyments
<br />The annual debt service payments for bonds outstanding at September 30, 2011 are as follows:
<br />Fiscal Year Recreational Water and Sewer Water and Sewer
<br />Ending Revenue Refunding Revenue Refunding Revenue Refunding
<br />September 30 Bonds Series 2003 Bonds Series 2005 Bonds Series 2009
<br />2012
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017-2021
<br />2022-2026
<br />Total
<br />Less:
<br />Current portion
<br />Unamortized
<br />bond discount
<br />Add:
<br />Unamortized
<br />bond premium
<br />Total
<br />Principal Interest
<br />$535,000 $102,964
<br />555,000 83,169
<br />580,000 62,356
<br />600,000 39,881
<br />385,000 15,881
<br />2,655,000 304,251
<br />535,000
<br />22,757 -
<br />$2,097,243 $304,251
<br />Principal Interest
<br />$ 1,480,000 $925,250
<br />1,530,000 877,150
<br />1,605,000 800,650
<br />1,670,000 736,450
<br />1,750,000 652,950
<br />10,145,000 1,878,300
<br />2,310,000 92,400
<br />20,490,000 5,963,150
<br />1,480,000
<br />Principal Interest
<br />$1,610,000 $ 1,268,200
<br />1,675,000 1,203,800
<br />1,745,000 1,136,800
<br />1,815,000 1,067,000
<br />1,905,000 976,250
<br />11,050,000 3,353,750
<br />6,570,000 596,500
<br />26,370,000 9,602,300
<br />1,610,000
<br />671,967 - 2,257,636 -
<br />$19,681,967 $ 5,963,150 $ 27,017,636 $9,602,300
<br />269
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