2009 Kitsap County Budget Book - Kitsap County Government

DEBT SERVICE FUNDS
The County uses both short and long-term debt to leverage its assets. At the beginning of 2009 the
County had outstanding debt compared to 2008 as follows:
January 1, 2008 January 1, 2009
Limited Tax General Obligation Bonds $164,468,536 $153,313,528
Revenue Bonds 24,992,407 22,316,865
Special Assessment Bonds 28,300 5,268
Current Limited Tax General Obligation (LTGO) Bonds are shown in the table below.
Date
Issued
Maturity
Date
Amount
Issued
Principal
Amount
Outstanding
Refunding, 1996 04/01/96 11/01/12 9,875,000 $5,780,000
Conservation Futures, 1999 02/15/99 12/01/18 5,100,000 3,065,000
Various Projects 1999B 07/15/99 07/01/19 10,680,000 1,430,000
Jail Construction Project 2000 08/15/00 07/01/25 20,000,000 1,230,000
Open Space, Stormwater Mgmt Projects,
Refunding 2001 06/15/01 11/01/20 11,215,000 3,920,000
Public Facilities District Bonds 2002A 4/1/02 10/1/26 11,395,000 11,015,000
Public Works Annex Project, Jail Expansion 2003A 2/1/03 12/1/27 10,250,000 8,475,000
Administration Building Project, Open Space 2003B 12/15/03 12/1/28 17,805,000 15,965,000
Administration Building, Conservation Futures,
Refunding 2004 12/1/04 7/1/29 21,200,000 16,640,000
Refunding, 2005 7/1/05 7/1/25 18,995,000 18,935,000
Coroner Facility, Parks Acquisition, Courthouse
Renovations, various projects 2006
7/1/317/1/06 18,085,000 15,115,000
Total General Obligation Bonds $102,980,000
The County did not issue bonds during 2007 or 2008.
Details of Limited tax general obligation bonds issued prior to 2007 are shown on the following pages.
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