Comprehensive Annual Financial Report (CAFR) - Johnson City

CITY OF JOHNSON CITY, TENNESSEENOTES TO THE FINANCIAL STATEMENTSFor the Fiscal Year Ended June 30, 20114. DETAILED NOTES ON ALL FUNDS (CONTINUED):F. Long-Term Debt (continued):Governmental Activities (continued): .Bonds Payable (continued):Total annual debt service requirements to maturity for governmental activities general obligationbonds are as follows:Fiscal YearEnding June 30 Principal Interest Total2012 $ 7,544,739 7,302,112 14,846,8512013 7,848,208 7,236,142 15,084,3502014 7,492,771 5,777,424 13,270,1952015 7,812,000 5,482,250 13,294,2502016 8,084,230 5,173,509 13,257,7392017-2021 37,517,780 21,022,722 58,540,5022022-2026 28,568,647 13,871,469 42,440,1162027-2031 17,910,005 7,737,840 25,647,8452032-2036 12,955,000 3,328,626 16,283,6262037-2040 5,465,000 809,390 6,274,390141,198,380 77,741,484 218,939,864Less: Amount not drawn (1,853,230) (1,853,230)$ 139,345,150 77,741,484 217,086,634At June 30, 2011, the outstanding balance of governmental activities general obligation bonds is$139,345,150. The difference relates to the amount not drawn on the Tennessee Municipal BondFund, Series TCSLP 2008 issued January 9, 2009. The City expects to draw the remaining$1,853,230 during the year ending June 30, 2012.82