Accountability and Transparency in Government
Citizen's Guide to Finances: Overview
Governmental
Debt and Long Term
Obligations
Long Term Obligations
Total
2014-2019
Long Term Obligations
Due Within One Year
2014-2019
Long Term Debt
Obligations Per Capita
2014-2019
| Long Term Governmental Obligations |
FY 17-18 | FY 18-19 | % Change | Trend |
|---|---|---|---|---|
Notes payable |
$ 969,426 |
$ 857,813 |
- 11.5% |
 |
Interest |
176,084 |
141,770 |
- 19.5% |
|
Sick leave |
39,562 |
90,407 |
128.5% |
 |
Total long-term debt obligations |
$ 1,185,072 |
$ 1,089,990 |
- 8.0% |
|
Total long-term debt, per capita |
$ 100.60 |
$ 92.25 |
- 8.3% |
|
Long-term debt, due within one year |
||||
Notes payable |
$ 145,122 |
$ 94,667 |
- 34.8% |
|
Interest |
34,314 |
30,281 |
- 11.8% |
|
Total long-term debt due within one year |
$ 179,436 |
$ 124,948 |
- 30.4% |
|
Due within one year, per capita |
$ 14.13 |
$ 9.92 |
- 29.8% |
|
Prepared by MGT of America Consulting, LLC
Great Lakes Region
2343 Delta Road
Bay City MI, 48706
