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Indian River County, Florida
<br /> Notes To Financial Statements
<br /> Year Ended September 30 , 2007
<br /> NOTE 12 - LONG-TERM LIABILITIES - Continued
<br /> F . Changes in Long-term Liabilities
<br /> , .
<br /> Long-term liability activity for the year ended September 30, 2007 , was as follows :
<br /> Due
<br /> Beginning Ending Within
<br /> Balance Additions Retirements Balance One Year
<br /> Governmental Activities :
<br /> Bonds payable :
<br /> Limited General Obligation Bonds - $ 480000 $ $ 2,32000 $ 46,280,000 $ 2, 56500
<br /> Series 2006
<br /> General Obligation Bonds - 2001 Series 8 ,03500 670,000 7 ,365 ,000 690 , 000
<br /> Spring Training Facility Revenue Bonds
<br /> Series 2001 14, 520 ,000 520,000 14, 000 , 000 545 ,000
<br /> General Obligation Refunding Bonds -
<br /> Series 2003 4,62000 1510500 33515 ,000 1 , 135 ,000
<br /> Subtotal 757775 , 000 4,615 ,000 713160 ,000 4,935 ,000
<br /> Add: Unamortized bonds premium 1 ,3751060 93 ,225 1 ,281 , 835 -
<br /> Total bonds payable 77, 150,060 - 4,708,225 72,441 , 835 4,935 ,000
<br /> Other liabilities :
<br /> Capital leases - 264,467 255 ,876 8 , 591 8 ,591
<br /> Compensated absences 53417,583 5031461 5 ,409, 801 5 , 8115243 2, 555412
<br /> Total other liabilities 5 ,417 , 583 65067,928 505 ,677 5 ,819;834 2,5647003
<br /> Governmental activities long-term liabilities $ 825567,643 $ 61067,928 $ 10,373 ,902 $ 78,2615669 $ 7,499,003
<br /> Business-type Activities :
<br /> Bonds payable :
<br /> Recreational Refunding Revenue Bonds
<br /> Series 2003 $ 5 , 135 ,000 $ $ 475 , 000 $ 4,660,000 $ 485 ,000
<br /> Water & Sewer Refunding Revenue Bonds -
<br /> Series 1993A 35 ,235 ,000 1 ,230 ,000 345005 ,000 1 ,310,000
<br /> Series 2005 27,255 , 000 1 ,275 ,000 25 , 980,000 1 ,310,000
<br /> Subtotal 67,6253000 2,98000 64, 64500 3 , 105 ,000
<br /> Add : Unamortized bonds premium 979,739 61 , 555 918, 184
<br /> Less : Unamortized bonds discount 1 ,099 ,525 63 , 166 1 ,036,359
<br /> Total bonds payable 67 ,5051214 2,978 ,389 64, 526 ,825 3 , 105 ,000
<br /> Other liabilities :
<br /> Capital leases 193 ,786 - 83 , 761 110,025 74,934
<br /> Compensated absences 949,055 5523290 440,343 1 .061 , 002 454,296
<br /> Total other liabilities 13142,841 552,290 52404 1 , 1713027 529,230
<br /> Business-type activities long-term liabilities $ 68, 648 ,055 $ 552 ,290 $ 3 , 502,493 $ 6507 ,852 $ 3 , 634,230
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