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 -
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 The pri projec Changes in the City's long-term liabilities for the year ended June 30, 2019 were as foll bond Du Matunities and/or Payments New Issues Balance June 30, 2018 Balance June 30, 2019 Within One Y $10 Goymental Activities General Obligation bonds payable Premium $ 121.488.050 3,433 138 13.281,350 1.363.179 14844 529 $(10.220,377) $ 124,540,023 (421.954) - 4,374,381 (10,651,331) 128.914,384 10.325 (283,467) (1.800.000) (1,021,187) 291.361 2.300.000 1028433 Energy performance contract payable Tax certiorari Compensated absences Net pension ability Claims payable Landfil 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 15,456,401 1,025,000 3.190.347 1,057,668 11,104,949 8.729,818 2,934.160 7.199,173 5.142.417 25.504,958 18,208,799 980,000 (5.977.418) (65,000) 4.000.000 65.000 600 249.805 53,051,018 (11.098 485) 842 202 338 $ 770,184.788 $ 91.778,327 $(30,896.888) S 831,066 227 $18.610533 Business-type activities General Obligation bonds payable Premium $ 8,989,000 $ 2,174,681 27,205,851 $ 450 607 27,658 458 105,108 284,950 $ (1,779,523) $ (58,622) (1.838,145) (10,511) 8.989,000 17,829 287,054 34,415,328 391,985 34,807,313 112,426 552,004 2,174,661 11,243 Compensated absences Net pension liability Other post employment benefit obligations payable Business-type Activities Long-term Liabilities 14,048,368 1300.090 (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 20,376 $ 22.620 - $ 42,996 $ (330) $ $ 1,941 2 202 $ 44,158 11,067 $ 47,843 12,939 92,001 Cable Television: Compensated absences Net pension liability Other post employment beneft obligations payable 936,654 983,014 71,395 130.305 (5.931) 5.261) 1.002.118 1.107 058 1941 $ 1,941 1.150.054 Component Units Long-term Liabilities 1,003,390 $ 152 925 $ 16.261) $ al obligation bone liabilities for lantal fund's liability is 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 is liquidated by the respective fund