Gurnee Park District 2016-2017 Annual GFOA Budget

DEBT POSITION
Ratio of bonded debt to assessed value
Fiscal
Year
Net General
Obligation
Debt
EAV
Ratio of
Bonded Debt
to Assessed
Value
Population
Per
Capita
2012 $9,277,959 $1,204,262,913 0.770% 34,170 $272
2013 $8,788,796 $1,100,827,710 0.798% 34,170 $257
2014 $18,758,812 $1,033,716,226 1.815% 34,295 $547
2015 $18,030,494 $1,014,262,650 1.778% 34,295 $526
2016 $17,323,840 $1,041,820,185 1.663% 34,284 $505
RATIO OF BONDED DEBT TO
ASSESSED VALUE
Shown in the chart above is the
ratio of bonded debt to assessed
value and per capita amounts for
the past five years. The increase in
ratio of bonded debt to assessed
value and per capita amount
from 2013 to 2104 is directly
related to the general obligation
alternative revenue source bonds
to finance the acquisition and
rehabilitation of FitNation. It is the
DEBT SERVICE REQUIREMENTS TO
MATURITY
The chart on the following page
shows the Gurnee Park District’s
debt service requirements
through their maturity. In fiscal
year 2015-16 the Park District
refunded the 2005 Hunt Club
Park Community Center debt
certificates, leaving only
Alternate Revenue Source and
General Obligation Bonds
outstanding.
intention of the Park District to use
revenues from fitness operations
to pay debt service on these
bonds. This was accomplished in
2014-15, is projected to be
accomplished in 2015-16 and is
included in the 2016-17 budget.
56 FISCAL YEAR 2016/2017 ANNUAL BUDGET I Gurnee Park District