2012 Comprehensive Annual Financial Report - the City of Tukwila

CITY OF TUKWILA: 2012 CAFRNOTES TO THE FINANCIAL STATEMENTSChanges in Long-Term DebtCHANGES IN LONG-TERM LIABILITIES – GOVERNMENTAL FUNDSInterest OUTSTANDING OUTSTANDING Due WithinITEM Rates Maturity Authorized 12/31/2011 ISSUED REDEEMED 12/31/12 One YearGOVERNMENTAL ACTIVITIES:Limited General Obligation (GO) Bonds Payable:2003 Refunding Facilities 4.00-5.00 12/01/14 $ 4,195,000 $ 1,335,000 $ - $ 425,000 $ 910,000 $ 445,0002003 Streets & Golf Course 4.25-4.65 12/01/23 6,277,500 3,795,000 - 555,000 3,240,000 575,0002008 Refunding Streets/Facilities 4.00-6.00 12/01/19 6,180,000 5,095,000 - 550,000 4,545,000 500,0002010 Streets / Equipment 2.00-5.41 12/01/24 5,870,000 5,415,000 - 345,000 5,070,000 355,0002011 Refunding Streets (2003 GO) 4,620,000 4,620,000 - 25,000 4,595,000 15,000Total Bonds Payable 27,142,500 20,260,000 - 1,900,000 18,360,000 1,890,000Unamortized Deferred Credits (Charges):Issuance premiums - 953,059 - 125,227 827,832 -Issuance discounts/defeasance - (672,611) - (74,255) (598,356) -Net Bonds Payable 27,142,500 20,540,448 - 1,950,971 18,589,476 1,890,000Due to Other Governments2009 SCORE 3.00-6.62 01/01/39 6,898,800 6,898,800 - 153,200 6,745,600 156,0002010 Valley Com 4.30-5.75 12/01/15 1,065,000 848,000 - 201,000 647,000 215,000Total Due Other Governments 7,963,800 7,746,800 - 354,200 7,392,600 371,000Unamortized Deferred Credits (Charges):Issuance premiums - - - - - -Issuance discounts and costs - - - - - -Net Due Other Governments 7,963,800 7,746,800 - 354,200 7,392,600 371,000Capital leases 125,977 35,891 - 35,891 - -Compensated Absences: - 2,969,125 2,630,026 2,454,738 3,144,413 -Total Governmental Funds $ 35,232,277 $ 31,292,264 $ 2,630,026 $ 4,795,800 $ 29,126,489 $ 2,261,000Note: The beginning balance has been restated due to current year reclassifications.CHANGES IN LONG-TERM LIABILITIES – BUSINESS-TYPE ACTIVITIESInterest OUTSTANDING OUTSTANDING Due WithinITEM Rates Maturity Authorized 12/31/2011 ISSUED REDEEMED 12/31/12 One YearBUSINESS-TYPE ACTIVITIES:Bonds Payable:1995 Water/Sewer Revenue 4.15-6.63 02/01/15 $ 4,500,000 $ 1,370,000 $ - $ 310,000 $ 1,060,000 $ 330,0002006 Water/Sewer/SWM Revenue 4.00-4.50 12/01/26 3,180,000 2,610,000 - 130,000 2,480,000 135,000Total Bonds Payable 7,680,000 3,980,000 - 440,000 3,540,000 465,000Unamortized Deferred Credits (Charges):Issuance Premiums - 69,221 - 11,150 58,070 -Issuance Discounts/def defeasance - (18,788) - (6,093) (12,695) -Net Bonds Payable 7,680,000 4,030,433 - 445,057 3,585,376 465,000Public Works Trust Fund Loans:2003 Loan-Water/Sewer 0.50 07/01/21 273,870 144,543 - 14,581 129,962 14,4542003 Loan-Surface Water 0.50 07/01/21 219,725 115,944 - 11,448 104,496 11,5972004 Loan-Water/Sewer 0.50-2.00 07/01/24 5,016,000 3,547,522 - 272,886 3,274,635 272,8862004 Loan-Surface Water 0.50-2.00 07/01/24 684,000 483,753 - 37,212 446,541 37,2122004 Loan-Surface Water 1.00 07/01/24 4,196,056 2,887,874 - 222,144 2,665,730 222,144Total Public Works Trust Fund Loans 10,389,651 7,179,635 - 558,271 6,621,364 558,293Compensated Absences: - 291,230 241,722 224,422 308,530 2,999Total Business-Type Activities $ 19,382,651 $ 11,501,298 $ 241,722 $ 1,227,750 $ 10,515,269 $ 1,026,292TOTAL ALL FUNDS $ 54,614,928 $ 42,793,563 $ 2,871,748 $ 6,023,551 $ 39,641,758 $ 3,287,29298