Annual Reports 2015 | Page 85

District of Lake Country
Notes to Financial Statements
For the year ended December 31, 2015

9. Long-term debt

Balance,
beginning of
year

Interest rate

Year of
maturity

MFA Issue 70

5.720%

2019

MFA Issue 78

5.850%

2022

294,338

-

17,164

13,660

263,514

MFA Issue 104

5.150%

2028

1,303,454

-

56,317

14,942

1,232,195

MFA Issue 105

4.900%

2029

409,055

-

16,791

3,638

388,626

MFA Issue 109

1.830%

2020

275,000

-

50,000

-

225,000

MFA Issue 133

2.750%

2035

Additions

Principal
payment

Actuarial
adjustment

Balance, end
of year

$

$

General Fund
$

550,316

2,832,163

$

-

2,615,000
2,615,000

$

53,039

47,503

-

449,774

-

2,615,000

193,311

79,743

5,174,109

Water Fund
MFA Issue 65

4.550%

2017

102,486

-

14,184

18,326

69,976

MFA Issue 104

5.150%

2018

111,435

-

20,740

5,502

85,193

MFA Issue 105

4.900%

2024

675,049

-

46,213

10,012

618,824

MFA Issue 114

3.650%

2026

312,025

-

21,186

-

290,839

MFA Issue 114

3.650%

2026

203,918

-

13,846

-

190,072

CDOR +.5%

2017

351,240

-

117,080

-

234,160

3.300%

2029

445,325

-

22,240

-

2,201,478

-

255,489

33,840

1,912,149

MFA interim Capital
MFA Issue 127

423,085

Sewer Fund
MFA Issue 70

5.745%

2024

2,762,993

-

145,899

78,655

2,538,439

MFA Issue 73

6.345%

2020

124,956

-

10,276

8,327

106,353

MFA Issue 73

6.345%

2020

295,460

-

24,298

19,689

251,473

MFA Issue 75

3.050%

2021

1,160,784

-

75,607

66,962

1,018,215

MFA Issue 78
MFA Issue 126

2.100%
3.850%

2022
2033

414,900
1,034,068
5,793,161

-

24,194
35,932
316,206

19,255
1,437
194,325

371,451
996,699
5,282,630

307,908

$ 12,368,888

Total long-term debt

$

10,826,802

- 14 -

$ 2,615,000

$ 765,006

$

2015 Annual Report

85 | Page