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General Obligation Notes and Bonds Governmental Activities:
| Date of Issue | Amount of Issue | Purpose | Balance Outstanding at December 31, 2025 |
|---|---|---|---|
| 2016 | 13,435,000 | General Obligation Bonds, Series of 2016 issued to currently refund the General Obligation Note, Series B of 2013 and finance various capital projects. The bonds bear an interest rate ranging from 2% to 4% (final maturity in 2041). Principal due in annual installments on September 15th increasing from 125,000 in 2017 to 4,020,000 in 2041. | 12,300,000 |
| 2017 | 34,675,000 | General Obligation Bonds, Series A,B, and C of 2017. Proceeds of the Series A Bonds were used to fund a termination payment associated with the cancellation of the 2008 fixed pay swap. The proceeds of the Series B Bonds were used to currently refund the outstanding General Obligation Bonds, Series of 2014. The proceeds of the Series C Bonds are to be used to fund various capital projects of the County. The Series A Bonds bear interest rates ranging from 1.3% to 2.0%, the Series B Bonds bear interest rates ranging from 2.0% to 5.0%, and the Series C Bonds bear interest rates ranging from 2.0% to 3.1%. Principal due in annual installments on November 15th ranging from 1,390,000 in 2017 to 2,590,000 in 2037. | 19,525,000 |
| 2020 | 33,290,000 | General Obligation Bonds, Series A & B, of 2020. Proceeds of Series A Bonds were used to fund various capital projects within the County and pay related costs of issuance. Proceeds of Series B Bonds were used to advance refund a portion of the outstanding General Obligation Bonds, Series of 2012 and pay related costs of issuance. The Series A bonds bear an interest rate ranging between 2.0% and 4.0%, while the Series B Bonds bear a rate ranging from .74% to 2.5%. Principal is due on May 15th with installments ranging from 410,000 to 360,000 in 2040. | 24,555,000 |
| 2023 | 445,021 | 2023 Note Payable. Proceeds were used to finance the agreement for software, products, and services. Principal is due annually with installments ranging from 54,735 to 57,143. | 285,715 |