Debt service requirements to maturity are as follows:
|
Governmental Activities Tax Increment Financing Bonds - Direct Placements |
||
|---|---|---|
| Principal | Interest | |
| Years | ||
| 2026 |
$1,447,688
|
$718,268
|
| 2027 | 1,493,689 | 650,290 |
| 2028 | 1,539,690 | 580,478 |
| 2029 | 1,597,690 | 507,565 |
| 2030 | 1,647,690 | 432,172 |
| 2031-2035 | 5,794,000 | 1,262,916 |
| 2036-2040 | 3,805,101 | 333,680 |
| Total |
$17,325,548
|
$4,485,369
|
Special Debt Obligations
In September 2021, the County issued Economic Development Revenue Bonds, Series 2021A and Series 2021B of $22,934,399 and $6,621,247, respectively, for the purpose of providing private sector financing for the acquisition and construction of manufacturing facilities redevelopment projects in, serving and benefiting the Industrial Centre Economic Development Area and the Fountain Square Allocation Area. The Series 2021A and 2021B are special limited obligations of the County, payable solely from, and secured by, Pledged TIF Revenues and the Purchaser will bear risk of non-payments of the Series. The Pledged TIF Revenues are not revenues of the County and are not recorded in the County’s financial statements. The Series do not constitute a debt or pledge of faith and credit of the County, therefore are not reported in the County’s financial statements. At December 31, 2025, approximately $21 million in bonds remain outstanding.
Financed Purchases
Financed purchases as of December 31, 2025, consist of the following:
On narrow screens, scroll horizontally to view all financed purchases columns.
|
Governmental Activities Financed Purchases |
Date of Issue |
Final Maturity |
Interest Rates |
Original Indebtedness |
Balance December 31, 2025 |
|---|---|---|---|---|---|
| IT Equipment | 06/01/2021 | 05/01/2026 | 6.09% |
$98,478
|
$9,396
|
| Daimler Trucks | 10/05/2023 | 04/05/2029 | 6.63 | 716,853 | 543,183 |
|
Highway Equipment - Trucks/Tractors |
07/07/2023 | 01/15/2028 | 12.90 | 555,043 | 289,717 |
| Total governmental activities financed purchases |
$842,296
|
||||
Debt service requirements to maturity are as follows:
|
Governmental Activities Financed Purchases |
||
|---|---|---|
| Principal | Interest | |
| Years | ||
| 2026 |
$262,719
|
$50,249
|
| 2027 | 269,970 | 33,458 |
| 2028 | 224,217 | 15,715 |
| 2029 | 85,390 | 2,830 |
| Total |
$842,296
|
$102,252
|