D. Long-term debt and liabilities (continued)

City Council Meeting · 2026-04-28 · agenda_item

This is a notice regarding the City of Clermont's long-term debt and liabilities, specifically focusing on activity for the year ending September 30, 2022. The city is managing various notes payable, including Capital Improvement Revenue Refunding Notes and Taxable Capital Improvement Revenue Notes, along with other postemployment benefits, compensated absences, financed purchases, and lease liabilities. This item is under review as part of ongoing financial reporting and management. The city's financial activities involve managing existing debt and liabilities, which may lead to future needs for financial services, legal counsel, and potentially construction or infrastructure projects if new financing or debt restructuring is undertaken. Local contractors, suppliers, and service providers are encouraged to stay informed about the city's financial planning and upcoming needs, as early engagement can provide an advantage before specific projects or procurement processes are finalized.

Capital Improvement Revenue Refunding Note, Series 2021A beginning balance

3706000 $

Capital Improvement Revenue Refunding Note, Series 2021A reduction

106000 $

Capital Improvement Revenue Refunding Note, Series 2021A ending balance

3600000 $

Capital Improvement Revenue Refunding Note, Series 2021A due within one year

156000 $

Taxable Capital Improvement Revenue Note, Series 2021B beginning balance

4300000 $

Taxable Capital Improvement Revenue Note, Series 2021B reduction

115000 $

Taxable Capital Improvement Revenue Note, Series 2021B ending balance

4185000 $

Taxable Capital Improvement Revenue Note, Series 2021B due within one year

171000 $

Capital Improvement Revenue Note, Series 2021C addition

9986000 $

Capital Improvement Revenue Note, Series 2021C ending balance

9986000 $

Note - Lake County beginning balance

298771 $

Note - Lake County reduction

39518 $

Note - Lake County ending balance

259253 $

Note - Lake County due within one year

40528 $

Total notes from direct borrowings beginning balance

8304771 $

Total notes from direct borrowings additions

9986000 $

Total notes from direct borrowings reductions

260518 $

Total notes from direct borrowings ending balance

18030253 $

Total notes from direct borrowings due within one year

367528 $

Other postemployment benefits beginning balance

1048460 $

Other postemployment benefits reduction

565991 $

Other postemployment benefits ending balance

482469 $

Other postemployment benefits due within one year

34665 $

Compensated absences beginning balance

921013 $

Compensated absences additions

1002745 $

Compensated absences reductions

925097 $

Compensated absences ending balance

998661 $

Compensated absences due within one year

478059 $

Financed purchases beginning balance

762516 $

Financed purchases additions

812572 $

Financed purchases reductions

471919 $

Financed purchases ending balance

1103169 $

Financed purchases due within one year

257624 $

Lease liabilities beginning balance

443252 $

Lease liabilities additions

399016 $

Lease liabilities reductions

161788 $

Lease liabilities ending balance

680480 $

Lease liabilities due within one year

131996 $

Governmental activity long-term liabilities beginning balance

11480012 $

Governmental activity long-term liabilities additions

12200333 $

Governmental activity long-term liabilities reductions

2385313 $

Governmental activity long-term liabilities ending balance

21295032 $

Governmental activity long-term liabilities due within one year

1269872 $