{ "document_id": 16534, "page": 41, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16644, "item_count": 21, "counts_by_type": { "footer": 1, "heading": 4, "table": 2, "table_cell": 8, "text": 5, "title": 1 }, "build_ms": 6, "items": [ { "id": "p41.1", "order": 1, "type": "title", "bbox": { "l": 206.16, "t": 756.24, "r": 405.84, "b": 717.6 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2023", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p41.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 674.88, "r": 318, "b": 660.72 }, "text": "NOTE 7 LONG-TERM LIABILITIES (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p41.3", "order": 3, "type": "heading", "bbox": { "l": 105.36, "t": 649.68, "r": 295.68, "b": 636.48 }, "text": "General Receipt Bonds (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p41.4", "order": 4, "type": "text", "bbox": { "l": 105.12, "t": 633.84, "r": 559.2, "b": 606.96 }, "text": "The principal and interest repayment requirements relating to the outstanding bonds payable at June 30, 2023, are as follows:" }, { "id": "p41.5", "order": 5, "type": "table", "bbox": { "l": 144.96, "t": 596.4, "r": 555.6, "b": 518.64 }, "text": "", "attrs": { "block_label": "table", "n_rows": 1, "n_cols": 4, "integrity": { "cells_checked": 4, "cells_flagged": 0 } }, "children": [ { "id": "p41.5.1", "order": 6, "type": "table_cell", "bbox": { "l": 148.86, "t": 594.889819, "r": 245.327889, "b": 521.091295 }, "text": "Year Ending June 30,\n2024\n2025\n2026\n2027\nTotal", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.5.2", "order": 7, "type": "table_cell", "bbox": { "l": 313.74, "t": 594.889819, "r": 365.521008, "b": 521.091295 }, "text": "Principal\n$ 290,000\n300,000\n310,000\n325,000\n$ 1,225,000", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.5.3", "order": 8, "type": "table_cell", "bbox": { "l": 407.919364, "t": 594.889819, "r": 457.122147, "b": 521.091295 }, "text": "Interest\n$ 47,469\n36,231\n24,606\n12,594\n$ 120,900", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.5.4", "order": 9, "type": "table_cell", "bbox": { "l": 504.242904, "t": 594.889819, "r": 548.756367, "b": 521.091295 }, "text": "Total\n$ 337,469\n336,231\n334,606\n337,594\n$ 1,345,900", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p41.6", "order": 10, "type": "heading", "bbox": { "l": 105.36, "t": 506.16, "r": 204, "b": 493.2 }, "text": "Finance Purchase", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p41.7", "order": 11, "type": "text", "bbox": { "l": 104.4, "t": 490.08, "r": 560.88, "b": 412.32 }, "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": "p41.8", "order": 12, "type": "text", "bbox": { "l": 104.4, "t": 402.24, "r": 560.88, "b": 362.16 }, "text": "The capitalized costs of assets acquired through the financed purchases included in the above schedule was $16,693,621 with accumulated amortization of $2,594,753 as of June 30, 2023. These assets are pledged as collateral in an event of default." }, { "id": "p41.9", "order": 13, "type": "text", "bbox": { "l": 104.64, "t": 351.84, "r": 560.4, "b": 324.24 }, "text": "The principal and interest repayment requirements relating to the energy management system obligation payable at June 30, 2023, are as follows:" }, { "id": "p41.10", "order": 14, "type": "table", "bbox": { "l": 145.92, "t": 314.88, "r": 556.08, "b": 198.48 }, "text": "", "attrs": { "block_label": "table", "n_rows": 1, "n_cols": 4, "integrity": { "cells_checked": 4, "cells_flagged": 0 } }, "children": [ { "id": "p41.10.1", "order": 15, "type": "table_cell", "bbox": { "l": 148.86, "t": 312.534977, "r": 245.327889, "b": 201.28982599999995 }, "text": "Year Ending June 30,\n2024\n2025\n2026\n2027\n2028\n2029-2033\n2034-2036\nTotal", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.10.2", "order": 16, "type": "table_cell", "bbox": { "l": 313.74, "t": 312.534977, "r": 365.513991, "b": 201.28982599999995 }, "text": "Principal\n$ 960,036\n986,224\n1,013,127\n1,040,764\n1,069,154\n5,799,487\n3,873,326\n$ 14,742,118", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.10.3", "order": 17, "type": "table_cell", "bbox": { "l": 407.919364, "t": 312.534977, "r": 457.132171, "b": 201.28982599999995 }, "text": "Interest\n$ 392,978\n366,790\n339,887\n312,250\n283,860\n965,586\n185,718\n$ 2,847,069", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p41.10.4", "order": 18, "type": "table_cell", "bbox": { "l": 498.665439, "t": 312.534977, "r": 548.772405, "b": 201.28982599999995 }, "text": "Total\n$ 1,353,014\n1,353,014\n1,353,014\n1,353,014\n1,353,014\n6,765,073\n4,059,044\n$ 17,589,187", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p41.11", "order": 19, "type": "heading", "bbox": { "l": 105.36, "t": 186.48, "r": 253.2, "b": 173.28 }, "text": "Certificates of Participation", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p41.12", "order": 20, "type": "text", "bbox": { "l": 104.64, "t": 170.88, "r": 560.64, "b": 92.64 }, "text": "The 2021 Certificates of Participation (COPs) 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 COPs will be funded by monthly lease payments by the University to the Trustee through November 2056." }, { "id": "p41.13", "order": 21, "type": "footer", "bbox": { "l": 296.64, "t": 46.08, "r": 314.88, "b": 34.56 }, "text": "(38)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }