Distrito Escolar del - Osceola County School District

6. INSTALLMENT-PURCHASES PAYABLE
The classes and amounts of property acquired under installment-purchase agreements are as follows:
Asset Balance
Districtwide Energy Contract 2,371,566
Total $ 2,371,566
Future minimum installment-purchase payments and the present value of the minimum installment-purchase
payments as of June 30 are as follows:
Installment-Purchases Payable
Fiscal Year Ending June 30 Total Principal Interest
2013 $ 262,065 $ 250,366 $ 11,699
2014 94,677 93,280 1,397
Total $ 356,742 $ 343,646 $ 13,096
The stated and imputed interest rates range from 3.96 to 4.67 percent.
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