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