2012 Budget - South Suburban Parks and Recreation
2012 Budget - South Suburban Parks and Recreation
2012 Budget - South Suburban Parks and Recreation
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<strong>South</strong> <strong>Suburban</strong> Park <strong>and</strong> <strong>Recreation</strong> District<br />
Summary of Significant Financial Policies<br />
Debt Service Schedule <strong>2012</strong><br />
General Obligation Bond Payments<br />
Debt Issuance Total<br />
COP/Lease Payments<br />
Debt Issuance Total<br />
2006 General Obligation Refunding Bonds -<br />
Principal $ 225,000 COP - Principal $ 770,000<br />
2008 General Obligation Refunding Bonds -<br />
Principal 2,255,000 Total COP Principal Payments $ 770,000<br />
Total General Obligation Principal Payments $ 2,480,000<br />
COP - Interest $ 270,077<br />
Total COP Interest Payments $ 270,077<br />
2006 General Obligation Refunding Bonds -<br />
Interest $ 889,487<br />
2008 General Obligation Refunding Bonds -<br />
Interest 142,896 Wells Fargo Equipment Lease - Princ $ 47,009<br />
Total General Obligation Interest Payments $ 1,032,383 Baystone Financial Group - Principal 32,705<br />
Total Lease Principal Payments $ 79,714<br />
Total General Obligation Bond Payments $ 3,512,383<br />
Wells Fargo Equipment Lease - Intere $ 1,763<br />
Revenue Bond Payments<br />
Baystone Financial Group - Interest 434<br />
Debt Issuance Total Total Lease Interest Payments $ 2,197<br />
1999 Ice Arena Revenue Bonds - Principal $ 170,000<br />
2007 Revenue Bonds - Principal 455,000 Total COP/Lease Payments $ 1,121,988<br />
Total Revenue Bonds Principal Payments $ 625,000<br />
Gr<strong>and</strong> Total Principal $ 3,954,714<br />
1999 Ice Arena Revenue Bonds - Interest $ 69,990 Gr<strong>and</strong> Total Interest 1,460,555<br />
2007 Revenue Bonds - Interest 85,908 Gr<strong>and</strong> Total $ 5,415,269<br />
Total Revenue Bonds Interest Payments $ 155,898<br />
By Fund:<br />
Total Revenue Bond Payments $ 780,898 General Fund $ 520,725<br />
Debt Service Fund 3,512,383<br />
Enterprise Fund 1,382,161<br />
Gr<strong>and</strong> Total $ 5,415,269<br />
The District’s General Obligation bonds are subject to debt limitation as described in the<br />
Colorado Revised Statue Section 32-1-1101 (6) (a) “The total principal amount of general<br />
obligation debt of a special district issued, on or after July 1, 1991, shall not at the time of<br />
issuance exceed the greater of two million dollars or fifty percent of the valuation for<br />
assessment of the taxable property in the special district, as certified by the assessor.”<br />
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