D. Long-term debt and liabilities (continued)

City Council Meeting · 2026-04-28 · agenda_item

This agenda item concerns the City of Groveland's long-term financial liabilities, specifically focusing on business-type activities. It details changes in various loans and notes, including State Revolving Loans and a Water and Sewer Revenue Refunding Note. The item also covers other long-term liabilities such as compensated absences and postemployment benefits. This information is part of a continued discussion on the city's financial standing and is currently under review as part of ongoing financial reporting. The scope of work implied by these financial details relates to the management and potential repayment of these liabilities, which could involve financial planning, accounting services, and potentially legal consultation. Local contractors, suppliers, and service providers in financial and legal fields may find opportunities by engaging with the city early in its financial planning processes before specific projects or repayment schedules are finalized.

State Revolving Loan CS38507P beginning balance

256,222 $

State Revolving Loan CS38507P reductions

83,271 $

State Revolving Loan CS38507P ending balance

172,951 $

State Revolving Loan CS38507P due within one year

85,392 $

State Revolving Loan WW350610 beginning balance

253,606 $

State Revolving Loan WW350610 reductions

12,484 $

State Revolving Loan WW350610 ending balance

241,122 $

State Revolving Loan WW350610 due within one year

12,538 $

State Revolving Loan DW350620 beginning balance

514,000 $

State Revolving Loan DW350620 additions

818,854 $

State Revolving Loan DW350620 ending balance

1,332,854 $

State Revolving Loan DW350620 due within one year

61,988 $

State Revolving Loan WW350612 additions

1,489,000 $

State Revolving Loan WW350612 ending balance

1,489,000 $

Water and Sewer Revenue Refunding Note, Series 2021 beginning balance

7,290,000 $

Water and Sewer Revenue Refunding Note, Series 2021 reductions

318,000 $

Water and Sewer Revenue Refunding Note, Series 2021 ending balance

6,972,000 $

Water and Sewer Revenue Refunding Note, Series 2021 due within one year

325,000 $

Total notes from direct borrowings beginning balance

8,313,828 $

Total notes from direct borrowings additions

2,307,854 $

Total notes from direct borrowings reductions

413,755 $

Total notes from direct borrowings ending balance

10,207,927 $

Total notes from direct borrowings due within one year

484,918 $

Other postemployment benefits beginning balance

59,380 $

Other postemployment benefits reductions

21,667 $

Other postemployment benefits ending balance

37,713 $

Other postemployment benefits due within one year

2,710 $

Compensated absences beginning balance

44,733 $

Compensated absences additions

86,959 $

Compensated absences reductions

58,916 $

Compensated absences ending balance

72,776 $

Compensated absences due within one year

34,840 $

Financed purchases beginning balance

64,580 $

Financed purchases reductions

28,586 $

Financed purchases ending balance

35,994 $

Financed purchases due within one year

13,092 $

Business-type activity long-term liabilities beginning balance

8,482,521 $

Business-type activity long-term liabilities additions

2,394,813 $

Business-type activity long-term liabilities reductions

522,924 $

Business-type activity long-term liabilities ending balance

10,354,410 $

Business-type activity long-term liabilities due within one year

535,560 $