1. What is the difference between General Obligation Debt and Revenue Debt? Which one is more likely to bear higher interest rates?

2. the White Plains CAFR section on long-term debt - answer the following:

a. In addition to Bonds Payable, what other types of long-term obligations does White Plains have?

b. Did White Plains increase or decrease their Bonds Payable outstanding during the year?

(please write one sentence each question)

E. Long-Term Liabilities Changes in the City's long-term liabilities for the year ended June 30, 2019 were as follow Maturities and/or Payments Due Within New Issues Balance June 30, 2018 Balance June 30, 2019 One Year Governmental Activities General Obligation bonds payable Premium $ 121,488,050 $ 13,281,350 $(10,229,377) $ 124,540,023 $10.925 3,433,136 1.363.179 - 421.954)_ 4.374.381 124,921,186 14,644,529 (10,651,331) 128,914,384 10.925 (283,467) (1,800,000) (1,021,187) 121.187) 291,381 2,300,000 1,028.483 Energy performance contract payable Tax certiorari Compensated absences Net pension liability Claims payable Landfill post-closure costs Other post employment benefit obligations payable Governmental Activities Long-term Liabilities 3.217.627 5,808,826 5,105,936 14,400,007 15,458,401 1,025,000 3,190,347 1,057,668 11.104,949 8.729,816 2,934,160 7,199,173 5,142,417 25,504,956 18,208,799 960,000 (5,977.418) (65.000) 65,000 800, 249,805 53.051,018 (11.098.485) 642,202,338 $ 770,184,788 $ 91.778,327 $(30,896,888) $ 831,066,227 $ 18,610,533 Business-type activities General Obligation bonds payable Premium $ 8,989.000 27,205,851 $ 450.607 27,656,458 105,108 284,950 $ (1.779,523) $ (58,622) (1,838,145) (10,511) 8,989,000 17.829 287,054 34,415,328 $ 2,174,661 391,985 34,807,313 2,174,661 112.426 11,243 552,004 Compensated absences Net pension liability Other post employment benefit obligations payable Business-type Activities Long-term Liabilities 14.048,368 1,300.090 (318,224) 15,030,234 $ 42,074,884 $ 10,593,973 $ (2,166,880) $ 50,501,977 $ 2,185,904 Component Units Urban Renewal Net pension liability $ 20,378 22,620 $ $ 42,998 $ $ (330) $ 1,941 2,202 44,158 11,067 47,843 Cable Television: Compensated absences Net pension liability Other post employment benefit obligations payable 12,939 $ 92,001 936,654 983,014 71,395 130,305 (5,931) (6.261) 1,002,118 1.107.058 1,941 Component Units Long-term Liabilities $ 1,003, 390 $ 152.925 $ (6,261) $ 1,150,054 $ 1.041 Governmental fund liabilities for general obligation bonds are liquidated by the Debt Service Fund which is primarily funded by the General Fund. The liabilities for landfill post-closure costs and tax certiorari are liquidated by the General Fund. Each governmental fund's liability for compensated absences, net pension liabilities and other postemployment benefit obligations