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):Business-Type Activities:Bonds and notes issued for the acquisition of facilities for the enterprise funds and to be paid fromenterprise funds are recorded in the applicable enterprise fund. Bonds of utility districts acquiredby the City are reported in the appropriate fund. Maturities on July 1 are considered as maturingon the preceding June 30th.Notes Payable:General obligation notes to be repaid from enterprise funds currently outstanding and the fundsfrom which they will be paid are as follows:Water and Sewer:Date Amount Interest OutstandingIssued Issued Rate June 30, 2011Note Payable-Limestone Cove 3/13/2003 $ 450,000 4.65% $ 406,386Note Payable-Limestone Cove 4/20/2005 125,000 4.25% 115,624Note Payable -Watauga Flats 4/20/2004 380,000 4.38% 346,947Note Payable -ARRA Greggtown 1/24/2010 435,000 3.25% 426,463$ 1,295,42083