14. Changes in Long-Term Liabilities

City Commission · 2026-05-13 · agenda_item

This item concerns the City of Winter Park's long-term liability activity for the year ending September 30, 2025. It details changes in various financial obligations, including revenue bonds, direct borrowings, lease liabilities, and other postemployment benefits. The report shows beginning and ending balances, additions, and reductions for these liabilities across governmental and business-type activities. This information is part of the city's financial reporting and is currently under review as part of the annual financial statements. The scope of work involves financial analysis, accounting, and reporting, with potential future implications for city budgeting and debt management. Local businesses in accounting, financial consulting, and legal services may find opportunities to support the city's financial operations and planning. Early engagement could provide insights into upcoming financial needs and potential service requirements.

General obligation bonds

18,925,000 $

General obligation bonds

1,195,000 $

General obligation bonds

1,670,000 $

General obligation bonds

115,000 $

Non-ad valorem revenue notes

8,020,000 $

Non-ad valorem revenue notes

480,000 $

CRA notes

1,710,000 $

CRA notes

695,000 $

Lease liabilities

178,418 $

Lease liabilities

54,603 $

SBITA liability

447,563 $

SBITA liability

1,158,770 $

Other postemployment benefits

4,706,793 $

Other postemployment benefits

220,406 $

Pension liability

31,916,604 $

Pension liability

19,266,375 $

Compensated absences

5,214,369 $

Compensated absences

4,825,825 $

Compensated absences

1,353,752 $

Governmental activity Long-term liabilities

74,195,070 $

Governmental activity Long-term liabilities

1,467,608 $

Governmental activity Long-term liabilities

58,286,404 $

Governmental activity Long-term liabilities

4,392,355 $

Revenue bonds

14,125,000 $

Revenue bonds

860,000 $

Revenue bonds

67,925,000 $

Revenue bonds

6,445,000 $

Other postemployment benefits

1,442,491 $

Other postemployment benefits

70,590 $

Compensated absences

904,390 $

Compensated absences

976,676 $

Compensated absences

357,725 $

Business-type activity Long-term liabilities

85,044,957 $

Business-type activity Long-term liabilities

77,714,964 $

Business-type activity Long-term liabilities

7,733,315 $

compensated absences of internal service funds

128,384 $