The county signs a contract for $10,000,000 on August 5, 2022, for construction of the new courthouse. On January 2, 2023, the county issues the $10,000,000 face value courthouse bonds at 101, minus issue costs of $90,000. Also on this date, the county receives a $2,000,000 bill from the contractor for the work completed to date. According to the bond covenants, the county transfers the bond premium (net of bond issuance costs) to the Courthouse Debt Service Fund on January 4, 2023