Comprehensive Annual Financial Report - St. Tammany Parish ...

ST. TAMMANY PARISH GOVERNMENT
Notes to the Financial Statements 2010
Component Units – The following is a summary of long-term debt transactions for the component units for the year
ended December 31, 2010.
Component Units
Long-term Obligations
at 12/31/09 Additions Deductions
71
Long-term Obligations
at 12/31/10
General Obligation Bonds $22,243,000 $3,300,000 ($1,549,000) $23,994,000
Certificates of Indebtedness 12,738,000 185,000 (1,875,000) 11,048,000
Compensated Absences 1,497,241 1,095,258 (1,109,684) 1,482,815
Capital leases, Notes payable 1,149,421 517,269 (251,399) 1,415,291
Community Disaster Loan 7,413,659 - (5,145,439) 2,268,220
Revenue Bonds 649,000 - (64,000) 585,000
$45,690,321 $5,097,527 ($9,994,522) $40,793,326
General Obligation Bonds
Certificates of Indebtedness
The following is a summary of the current (due in one year or less) and the long-term (due in more than one year) portions
of long-term obligations as of December 31, 2010:
Current Portion
Long-term
Portion Total
General Obligation Bonds $1,719,000 $22,275,000 $23,994,000
Certificates of Indebtedness 1,942,000 9,106,000 11,048,000
Compensated Absences 949,986 532,829 1,482,815
Capital leases/Notes Payable 337,104 1,078,187 1,415,291
Community Disaster Loan 185,468 2,082,752 2,268,220
Revenue Bonds 67,000 518,000 585,000
Total long-term obligations $5,200,558 $35,592,768 $40,793,326
The individual issues are as follows:
Original
Issue
Date
Final
Payment
Due
Principal Source of
Bond
Interest Rate
Outstanding Funds
Fire Protection Dist. No. 7, Series 2003 05/01/03 1.00% to 6.00% 03/01/18 $380,000 Ad valorem tax
Fire Protection Dist. No. 11, Series 1995 04/01/95 6.00% to 11.00% 04/01/15 95,000 Ad valorem tax
Fire Protection Dist. No. 11, Series 2007 03/01/07 4.17% 03/01/17 74,000 Ad valorem tax
Recreation Dist. No. 1, Series 2003 08/01/03 2.00% to 6.00% 03/01/23 5,915,000 Ad valorem tax
Recreation Dist. No. 1, Series 2004 05/01/04 2.00% to 3.55% 03/01/16 4,430,000 Ad valorem tax
Recreation Dist. No. 2, Series 1998 09/01/98 3.50% to 6.65% 09/01/18 325,000 Ad valorem tax
Recreation Dist. No. 2, Series 2004 11/01/04 1.50% to 6.0% 09/01/18 250,000 Ad valorem tax
Recreation Dist. No. 6, Series 2008 05/01/08 4.50% to 6.00% 03/01/28 1,905,000 Ad valorem tax
Recreation Dist. No. 14, Series 2004 03/01/04 4.00% 03/01/19 930,000 Ad valorem tax
Recreation Dist. No. 14, Series 2006 12/01/06 3.75% to 4.00% 03/01/26 4,770,000 Ad valorem tax
Recreation Dist. No. 14, Series 2008 03/01/08 4.00% to 6.00% 03/01/28 815,000 Ad valorem tax
Recreation Dist. No. 14, Series 2010 01/01/10 2.00% to 4.00% 03/01/29 3,300,000 Ad valorem tax
Water Dist. No. 2, Series 2008 03/01/08 4.00% to 7.00% 03/01/28 805,000 Ad valorem tax
STP Communications Dist. No. 1, Series 2001 06/08/01 3.50% 06/01/11 165,000 Future revenues
Fire Protection Dist. No. 1, Series 2005 03/01/05 3.42% 03/01/13 815,000 Ad valorem tax
Fire Protection Dist. No. 1, Series 2006 03/01/06 4.19% 03/01/13 214,000 Ad valorem tax
Fire Protection Dist. No. 1, Series 2006 03/01/08 3.79% 03/01/13 393,000 Ad valorem tax
Fire Protection Dist. No. 2, Series 2009 08/07/09 3.40% 03/01/19 2,751,000 Ad valorem tax
Fire Protection Dist. No. 3, Series 2003 08/25/03 3.42% 03/01/13 206,000 Ad valorem tax
Fire Protection Dist. No. 3, Series 2007 02/28/07 4.65% 03/01/13 87,000 Ad valorem tax
Fire Protection Dist. No. 3, Series 2010 03/04/10 4.65% 03/01/15 185,000 Ad valorem tax
Fire Protection Dist. No. 7, Series 2008 10/17/08 3.17% 03/01/15 135,000 Ad valorem tax
Fire Protection Dist. No. 8, Series 2003A 05/16/03 3.00% 03/01/13 99,000 Ad valorem tax
Fire Protection Dist. No. 8, Series 2007 03/01/07 3.00% to 4.50% 03/01/17 203,000 Ad valorem tax
Fire Protection Dist. No. 9, Series 2004 09/22/04 3.50% to 4.00% 03/01/11 42,000 Ad valorem tax
Fire Protection Dist. No. 12, Series 2006 03/01/06 4.49% 03/01/16 501,000 Ad valorem tax