06/30/1997-FISCAL AUDITS - Laserfiche WebLink

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9. Other Liabilities ' This balance consists primarily of various payroll deductions in the general fund and performance bonds in the agency fund. ' 10. Long-Term Debt ' A. General Obligation Bonds The Town issues general obligation bonds to provide funds for the acqui- sition and construction of major capital facilities. Payment is not limited to a particular revenue source. However, as previously noted, the Town's ' ability to raise property taxes is restricted by the enactment of legislation known as "Proposition 2 1/2". General obligation bonds currently out- standing are as follows: ' Amount Serial Outstanding Maturities Interest as of Inside Debt Limit: Through Rates % June 30, 1997 ' Library Construction 12/15/97 6.7 $ 34,000 Land Acquisition 7/15/98 6.6 - 6.7 265,000 ' Police/Fire Complex Construction 10/10/98 5.0 98,800 Middle School Roof 11/01/98 7.0 140,000 Donna's Lane 1/14/99 4.75 54,000 Land Acquisition 6/01/99 6.6 - 6.7 137,000 ' Briarwood Roads 9/20/00 5.8 130,000 Police Station Addition 11/01/00 7.0 560,000 Land Acquisition 11/01/00 7.0 40,000 ' John's Pond Roads 9/23/02 4.25- 5.00 275,000 Cotuit Corner Road 10/13/04 5.58 145,139 Scituate Road 10/13/04 5.58 234,861 ' Sachem Road 2/01/05 6.0 70,000 Clippership Road 2/01/05 6.0 235,000 Santuit Roads 1/15/08 4.9 - 5.5 285,000 Town Hall Renovation 2/01/12 6.0 1,500.000 Total Inside Debt Limit 4,203,800 Outside Debt Limit: School Construction 12/15/97 6.7 391,000 School Construction 7/15/98 6.0 - 6.7 730,000 ' Water Construction 6/01/99 6.6 - 6.7 220,000 Transfer Station Construction 6/01/99 6.6 - 6.7 390,000 Reg. Transfer Station Construction 6/01/99 6.6 -6.7 53,000 MMS Addition 1/15/08 4.9 - 5.5 1,425,000 ' Mashpee High School 2/01/12 6.0 28,555,000 Total Outside Debt Limit 31,764,000 Total Debt $35.967.800 ' 14