comprehensive annual financial report - City of St. Petersburg

NOTE 13 - LONG - TERM OBLIGATIONS
CITY OF ST. PETERSBURG, FL
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2010
The following is a summary of changes in long-term liabilities of the City for the fiscal year ended
September 30, 2010. Compensated absences are paid from the fund in which they occur. The beginning
balances have been adjusted as described in Note 3. (In thousands of dollars.)
Governmental Activities
Bonds and Notes Payable:
Beginning
Balance Additions Reductions
Ending
Balance
Due
Within
One Year
Revenue Bonds $ 92,830 $ - $ (15,640) $ 77,190 $ 13,615
Notes 38,855 - (2,126) 36,729 2,216
131,685 - (17,766) 113,919 15,831
Unamortized premiums, discounts and
deferred amounts on refunding for Bonds 276 - (302) (26) -
Unamortized premiums, discounts and
deferred amounts on refunding for Notes (210) - 48 (162) -
Total Bonds and Notes Payable 131,751 - (18,020) 113,731 15,831
Claims and judgments 18,383 10,637 (5,155) 23,865 6,681
Compensated absences 15,261 967 (921) 15,307 687
Contingent Liability 1,823 - (37) 1,786 -
Subtotal before OPEB Liability 167,218 11,604 (24,133) 154,689 23,199
OPEB Liability 15,597 5,098 - 20,695 -
Governmental activity Long-term liabilities $ 182,815 $ 16,702 $ (24,133) $ 175,384 $ 23,199
Business-Type Activities
Bonds and Notes Payables and
Capitalized Lease:
Revenue Bonds $ 224,525 $ - $ (3,430) $ 221,095 $ 4,080
Notes 28,049 - (3,399) 24,650 1,800
Capitalized Lease 4 - (4) - -
252,578 - (6,833) 245,745 5,880
Unamortized discount and deferred amount
on refunding (1,955) - 50 (1,905) -
Total Bonds and Notes Payable and
Capitalized Lease 250,623 - (6,783) 243,840 5,880
Compensated absences 3,795 272 (287) 3,780 228
Subtotal before OPEB Liability 254,418 272 (7,070) 247,620 6,108
OPEB Liability 3,598 1,433 - 5,031 -
Business-type activity Long-term liabilities $ 258,016 $ 1,705 $ (7,070) $ 252,651 $ 6,108
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