Page 95 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Long Term Liabilities at June 30, 2018
Bonds Payable
General obligation bonds, issues dated 2008 to 2017 with stated interest rates of 1.25% to 6.1%
General government $ 174,540,000
Discounts/premiums 16,096,492
Revenue bonds, water and sewer system
Series 2009, principal due annually through 2039 with stated interest rates of 3.0% to 4.0% 2,715,000
Series 2010A, principal due annually through 2023 with stated interest rates of 3.0% to 4.0% 5,815,000
Series 2010B, principal due annually through 2034 with stated interest rates of 5.144% to 5.294% 42,895,000
Series 2010C, principal due annually through 2040 with stated interest rate of 5.694% 37,000,000
Series 2010D, principal due annually through 2021 with stated interest rate of 3.0% 6,845,000
Series 2014A, principal due annually through 2033 with stated interest rates of 4.0% to 5.0% 28,850,000
Series 2015A, B, C, principal due annually through 2030 with synthetic xed interest rates of 3.40% to 4.18% 115,830,000
Series 2016A, principal due annually through 2039 with stated interest rates of 3.0% to 5.0% 123,270,000
Series 2016B, principal due annually through 2019 with stated interest rates of .95% to 1.35% 7,240,000
Series 2017, principal due annually through 2047 with stated interest rates of 3.0% to 5.0% 55,670,000
Discounts/premiums 24,936,564
Revenue bonds, stormwater management
Series 2013, principal due annually through 2033 with stated interest rates of 3.0% to 5.0% 10,105,000
Discounts/premiums 565,680
Special obligation bonds, general governmental
Series 2013, principal due annually through 2033 with stated interest rates of 3.0% to 5.0% 4,785,000
Series 2013, principal due annually through 2025 with stated interest rates of 3.0% to 5.0% 2,790,000
Special obligation bonds, solid waste management
Series 2011A, principal due annually through 2026 with variable interest rate of 68% of 30-day LIBOR plus .85%, 2.19807% at year end 6,071,060
Discounts/premiums 38,340
Special obligation bonds, public assembly facilities management
Series 2009, principal due monthly through September 1, 2016, with variable interest rate of 30-day LIBOR plus 1.0%, 2.73246% at year end 9,628,981
Contracts Payable
Certi cates of participation issued by North Carolina Municipal Leasing Corporation
Series 2004C, principal due annually through June 1, 2034, with variable interest rate on one month LIBOR rate plus 0.5%
as determined by bondholder, 2.48246% at year end 3,260,000
Series 2006B, principal due annually through June 1, 2021, with stated interest rates of 4.125% to 4.25% 1,885,000
Limited obligation bonds issued by North Carolina Municipal Leasing Corporation
Series 2010A, principal due annually through June 1, 2024, with stated interest rate of 3.0% 9,250,000
Series 2013A, principal due annually through June 1, 2038, with stated interest rate of 4.626% 26,555,000
Series 2013B, principal due annually through June 1, 2035, with stated interest rates of 4.0% to 5.0% 12,200,000
Series 2014A, principal due monthly through September 1, 2029; with variable interest rate, payable monthly on one
month LIBOR rate plus 0.74% as determined by bondholder, 2.72246% at year end 11,824,000
Series 2014B, principal due annually through June 1, 2034, with stated interest rates of 1.84% to 4.4% 6,590,000
Series 2014C, principal due annually through June 1, 2034, with stated interest rates of 3.375% to 5.0% 37,330,000
Series 2018, principal due annually through June 1, 2031, with stated interest rate of 3.07% 15,060,000
Leasing agreement issued by North Carolina Municipal Leasing Corporation
Series 2014D, principal due October 1, 2015, 2017, 2018 and 2019; with variable interest rate, payable monthly with 70% of
the one month LIBOR rate plus .45% as determined by bondholder, 2.23354% at year end 9,000,000
Discounts/premiums 5,785,001
Leasing agreement issued by City of Winston-Salem
Series 2016, principal due August 1, 2017 semi-annually through February 1, 2021; with variable interest rate payable
monthly with 70% of the one month LIBOR rate plus .55% as determined by bondholder, 1.93772% at year end 15,000,000
Series 2017, principal due semi-annually from January 1, 2019 to July 1, 2022, with a stated interest rate of 2.24845% 25,000,000
HUD Section 108 loan, principal due annually through August 1, 2022, with stated interest rates of 1.75% to 6.67% 1,462,000
Installment nancing contract, principal due annually through June 1, 2028, with stated interest rate of 3.29% 11,502,526
Clean water state revolving loan fund, payable over 20 years with stated interest rates of 0% to 2% 79,293,248
Other
Net pension liability – LGERS 26,666,405
Net pension liability – WSPORS 31,656,923
Net pension liability – separation allowance 12,280,689
Net OPEB liability 15,612,823
Accrued vacation 15,224,171
Accrued interest payable 2,425,471
Land ll closure and postclosure costs 18,511,991
Pollution remediation 1,986,124
Claims payable – employment and post-retirement bene ts 8,053,858
Claims payable – Risk Acceptance Management Corporation 2,076,083
Total long-term liabilities including current maturities $ 1,081,178,430

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