2008 Budget Book - Kitsap County Government
2008 Budget Book - Kitsap County Government
2008 Budget Book - Kitsap County Government
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Debt Service Funds<br />
The <strong>County</strong> uses both short and long-term debt to leverage its assets. At the beginning of <strong>2008</strong> the<br />
<strong>County</strong> had outstanding debt compared to 2007 as follows:<br />
January 1, 2007 January 1, <strong>2008</strong><br />
Limited Tax General Obligation Bonds $175,482,978 $164,468,536<br />
Revenue Bonds 27,302,948 24,992,407<br />
Special Assessment Bonds 38,478 28,300<br />
Current Limited Tax General Obligation (LTGO) Bonds are shown in the table below.<br />
Date<br />
Issued<br />
Maturity<br />
Date<br />
Amount<br />
Issued<br />
Principal<br />
Amount<br />
Outstanding<br />
Refunding, 1996 04/01/96 11/01/12 9,875,000 6,445,000<br />
Conservation Futures, 1999 02/15/99 12/01/18 5,100,000 3,305,000<br />
Various Projects 1999B 07/15/99 07/01/19 10,680,000 1,920,000<br />
Jail Construction Project 2000 08/15/00 07/01/25 20,000,000 1,800,000<br />
Open Space, Stormwater Mgmt Projects,<br />
Refunding 2001 06/15/01 11/01/20 11,215,000 5,180,000<br />
Public Facilities District Bonds 2002A 4/1/02 10/1/26 11,395,000 11,395,000<br />
Public Works Annex Project, Jail Expansion 2003A 2/1/03 12/1/27 10,250,000 8,795,000<br />
Administration Building Project, Open Space 2003B 12/15/03 12/1/28 17,805,000 16,355,000<br />
Administration Building, Conservation Futures,<br />
Refunding 2004 12/1/04 7/1/29 21,200,000 17,535,000<br />
Refunding, 2005 7/1/05 7/1/25 18,995,000 18,965,000<br />
Coroner Facility, Parks Acquisition, Courthouse<br />
Renovations, various projects 2006<br />
7/1/06 7/1/31 18,085,000 17,315,000<br />
Total General Obligation Bonds $109,010,000<br />
The <strong>County</strong> did not issue bonds during 2007.<br />
Details of Limited tax general obligation bonds issued prior to 2007 are shown on the following pages.<br />
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