|
Indian River County, Florida
<br />Notes To Financial Statements
<br />Year Ended September 30, 2018
<br />NOTE 10 - LONG-TERM LIABILITIES - Continued
<br />B. Primary Government
<br />Governmental Activities
<br />Annual Debt Service Payments - Governmental Activities
<br />The annual debt service payments for bonds outstanding at September 30, 2018, are as follows:
<br />Fiscal Year
<br />Ending
<br />September 30
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024-2028
<br />2029-2031
<br />Total
<br />Less:
<br />Current portion
<br />Total
<br />Spring Training Facility
<br />Revenue Bonds
<br />Series 2001
<br />Principal
<br />$ 585,000
<br />615,000
<br />650,000
<br />305,000
<br />320,000
<br />1,870,000
<br />1,320,000
<br />5,665,000
<br />585,000
<br />$ 5,080,000
<br />Spring Training Facility Revenue Bonds
<br />Interest
<br />$ 287,875
<br />257,163
<br />224,875
<br />190,750
<br />175,500
<br />619,250
<br />132,250
<br />Limited General
<br />Obligation Refunding Note
<br />Series 2015
<br />Principal Interest
<br />$ 4,227,000
<br />4,298,000
<br />2,970,000
<br />$ 190,817
<br />120,649
<br />49,302
<br />1,887,663 11,495,000 360,768
<br />4,227,000 -
<br />$ 1,887,663 $ 7,268,000 $ 360,768
<br />Purpose - On August 15, 2001, the County issued $16,810,000 of Spring Training Facility Revenue
<br />Bonds, Series 2001. The Series 2001 bonds are being issued by the County to provide funds, together
<br />with other available funds, to (1) finance a portion of the cost of acquisition and expansion of a spring
<br />training facility currently known as "Historic Dodgertown"; (2) pay a premium for a municipal bond
<br />insurance policy and a debt service reserve account surety bond, and (3) pay certain costs and expenses
<br />incurred in connection with the issuance of the Series 2001 bonds.
<br />75
<br />
|