Delaware County, Indiana
Management's Discussion and Analysis
December 31, 2025
The remainder of the County's long-term obligations consist of $35,365,000 of loans payable, $842,296 related to a finance purchase agreements, $6,858,151 of other postemployment benefits, $1,277,915 related to compensated absences, $16,380,044 of net pension liability, $475,407 related to leases and $103,335 related to subscription based information technology agreements. The following table reflects the County's long-term obligations:
| Governmental Activities | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| TIF bonds | $ | 17,325,548 | $ | 18,851,237 |
| Revenue Bonds | 2,615,000 | 2,880,000 | ||
| Subtotal | 19,940,548 | 21,731,237 | ||
| Loans payable | 35,365,000 | 37,350,000 | ||
| Financed purchases | 842,296 | 1,101,604 | ||
| Other post employment benefits | 6,858,151 | 7,834,832 | ||
| Compensated absences | 1,277,915 | 1,064,281 | ||
| Net pension liability | 16,380,044 | 19,980,036 | ||
| Leases | 475,407 | - | ||
| SBITA payable | 103,335 | 49,615 | ||
| Subtotal | 61,302,148 | 67,380,368 | ||
| Less current portion | (5,962,994) | (4,060,907) | ||
| Total long-term obligations | $ | 75,279,702 | $ | 85,050,698 |
The County's total long-term obligations total $75,279,702 as of December 31, 2025.
- Bond related debt decreased $1,790,689 during the year due to principal paid on the bonds.
- Long-term loans payable total $33,315,000.
- Long-term other postemployment benefits total $6,322,651.
- Long-term net pension liability total $16,380,044.
- Long-term finance purchase agreements total $579,577.
- Long-term leases total $402,708
- Long-term subscription based information technology agreements total $66,862
Additional information of the County's long-term debt can be found on pages 28-32 in the Notes to the Financial Statements of this report.