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CITY OF EUGENE, OREGON
<br />
<br />Notes to Basic Financial Statements
<br />
<br />continued
<br />(4) Detailed Notes on All Funds, continued
<br />
<br /> (H) Noncurrent Liabilities, continued
<br />
<br />Limited Tax Bonds, continued
<br />
<br />The Limited Tax Pension Bonds, Series 2002 are deep discount bonds and reported net of accretion. However, the
<br />annual debt service requirements to maturity are reported on a cash basis and do not account for accreted amounts.
<br />The following table reconciles the ending balance of limited tax bonded debt and the annual debt service
<br />requirements to maturity schedule:
<br />
<br />Total limited tax bonds $ 53,213,527
<br />Less: Accretion of deep discount (3,213,877)
<br /> Total debt service requirements for limited tax bonds $ 49,999,650
<br />
<br />Annual debt service requirements to maturity for limited tax improvement bonds are as follows:
<br />
<br />
<br />Fiscal year
<br />ending June 30 Principal Interest Principal Interest
<br />2019 $0 12,896 0 0
<br />2020 0 12,896 0 0
<br />2021 0 12,896 0 0
<br />2022 0 12,896 0 0
<br />2023 0 12,896 0 0
<br />2024-2027 183,334 45,136 0 0
<br />Improvement bonds $ 183,334 109,616 0 0
<br />Governmental activities Business-type activities
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<br />
<br />Annual debt service requirements to maturity for limited tax pension bonds are as follows:
<br />
<br />
<br />Fiscal year
<br />ending June 30 Principal Interest Principal Interest
<br />2019 $ 879,717 4,902,527 185,175 1,031,954
<br />2020 2,491,894 3,571,226 524,530 751,723
<br />2021 3,762,926 2,588,073 792,074 544,775
<br />2022 4,324,680 2,330,313 910,320 490,517
<br />2023 4,936,000 2,034,072 1,039,000 428,160
<br />2024-2029 24,758,481 5,424,853 5,211,519 1,141,900
<br />Pension bonds 41,153,698 20,851,064 8,662,618 4,389,029
<br />Total limited tax bonds $ 41,337,032 20,960,680 8,662,618 4,389,029
<br />Governmental activities Business-type activities
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<br />64
<br />December 10, 2018, Meeting - Item 2D
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