{ "document_id": 16531, "page": 46, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16642, "item_count": 17, "counts_by_type": { "caption": 1, "footer": 1, "header": 2, "heading": 3, "table": 1, "table_cell": 4, "text": 5 }, "build_ms": 5, "items": [ { "id": "p46.1", "order": 1, "type": "header", "bbox": { "l": 217.44, "t": 754.32, "r": 393.84, "b": 740.4 }, "text": "KENTUCKY STATE UNIVERSITY", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p46.2", "order": 2, "type": "header", "bbox": { "l": 216, "t": 722.4, "r": 395.52, "b": 695.76 }, "text": "NOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2022", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p46.3", "order": 3, "type": "heading", "bbox": { "l": 69.6, "t": 680.88, "r": 313.68, "b": 667.44 }, "text": "NOTE 8 – LONG-TERM LIABILITIES (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p46.4", "order": 4, "type": "heading", "bbox": { "l": 69.36, "t": 652.56, "r": 155.76, "b": 639.12 }, "text": "Finance Purchase:", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p46.5", "order": 5, "type": "text", "bbox": { "l": 68.64, "t": 624.48, "r": 541.92, "b": 553.44 }, "text": "During 2020, the University entered into a finance purchase for an energy management system. The obligation has an interest rate of 2.7095% and requires annual payments of principal and interest beginning in fiscal 2022 through 2036. The agreement grants a continuing first priority security interest in the equipment. In an event of a default, the lessor can accelerate the repayment of the lease payments. The obligation will be paid with guaranteed energy savings." }, { "id": "p46.6", "order": 6, "type": "text", "bbox": { "l": 68.64, "t": 540.72, "r": 541.92, "b": 497.76 }, "text": "The capitalized costs of assets acquired through the financed purchases included in the above schedule was $16,693,621 with accumulated amortization of $269,940 as of June 30, 2022. These assets are pledged as collateral in an event of default." }, { "id": "p46.7", "order": 7, "type": "text", "bbox": { "l": 68.88, "t": 484.8, "r": 541.2, "b": 456.72 }, "text": "The principal and interest repayment requirements relating to the energy management system obligation payable at June 30, 2022 are as follows:" }, { "id": "p46.8", "order": 8, "type": "caption", "bbox": { "l": 156.48, "t": 443.52, "r": 212.88, "b": 430.8 }, "text": "Year ended", "attrs": { "block_label": "figure_title" } }, { "id": "p46.9", "order": 9, "type": "table", "bbox": { "l": 105.6, "t": 430.56, "r": 505.2, "b": 307.2 }, "text": "", "attrs": { "block_label": "table", "n_rows": 1, "n_cols": 4, "integrity": { "cells_checked": 4, "cells_flagged": 0 } }, "children": [ { "id": "p46.9.1", "order": 10, "type": "table_cell", "bbox": { "l": 158.8784, "t": 429.52495, "r": 210.825284, "b": 311.416297 }, "text": "30-June\n2023\n2024\n2025\n2026\n2027\n2028-2036\nTotal", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p46.9.2", "order": 11, "type": "table_cell", "bbox": { "l": 276.35696, "t": 429.52495, "r": 328.332713, "b": 311.416297 }, "text": "Principal\n$ 470,414\n960,036\n986,224\n1,013,127\n1,040,764\n10,741,967\n$ 15,212,532", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p46.9.3", "order": 12, "type": "table_cell", "bbox": { "l": 366.8328, "t": 429.52495, "r": 412.92096, "b": 311.416297 }, "text": "Interest\n$ 206,092\n392,978\n366,790\n339,887\n312,250\n1,435,164\n$ 3,053,161", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p46.9.4", "order": 13, "type": "table_cell", "bbox": { "l": 445.435712, "t": 429.52495, "r": 497.513658, "b": 311.416297 }, "text": "Total\n$ 676,506\n1,353,014\n1,353,014\n1,353,014\n1,353,014\n12,177,131\n$ 18,265,693", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p46.10", "order": 14, "type": "heading", "bbox": { "l": 69.6, "t": 289.2, "r": 198.72, "b": 275.52 }, "text": "Certificates of Participation", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p46.11", "order": 15, "type": "text", "bbox": { "l": 68.4, "t": 260.88, "r": 542.16, "b": 181.68 }, "text": "The 2021 Certificates consist of 13 serial bonds with maturity dates ranging from November 1, 2024, to November 1, 2036, yield rate ranging from 0.55% to 1.91% and 5 term certificates with maturity dates ranging from November 1, 2038, to November 1, 2056, yield rates ranging from 2.64% to 3.29%. The pricing resulted in a 2.92% true interest cost. The debt service on the 2021 Certificates will be funded by monthly lease payments by the University to the Trustee through November 2056." }, { "id": "p46.12", "order": 16, "type": "text", "bbox": { "l": 68.4, "t": 164.64, "r": 542.16, "b": 79.68 }, "text": "The Certificates of Participation (COPs) are secured by certain real estate and the projects located on that real estate, the lease payments to KSU Campus Housing, LLC. (the Company) and a pledge of general receipts. The University has entered into a lease purchase arrangement whereby on the termination of the stated lease, title to the land and buildings will be conveyed absolutely to the University. As a result, this is not reported under GASB Statement 87, Leases. The University has the right to acquire the entire title to the facility on or after November 1, 2031." }, { "id": "p46.13", "order": 17, "type": "footer", "bbox": { "l": 297.84, "t": 48.24, "r": 312.48, "b": 36.72 }, "text": "43.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }