City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT GENERAL - FUND #327

The Bond Retirement fund is used to account for activity related to the issuance/repayment of general obligation debt of the City. Expenses are limited to the repayment of debt and expenses related to the issuance of debt. In 2003, outstanding general obligation debt is made up of the $5,900,000 Flood Improvement Note and a $3,000,000 Road Improvement Note. The interest on this obligation will be paid from the Flood Control Fund, Road Improvement Fund as well as using the premium received from the sale of this note in 2002 which is in this Bond Retirement Fund. The City issued a bond in the amount of $9,400,000 in April 2003. This fund receipted $8,400,000, which paid all but $500,000 of the note. The remaining $500,000 was paid from the Flood Control Fund. City Council authorized the City through Ordinance 18-11 to enter into a loan agrremnet and issue bonds by the Ohio Air Quality Development Authority (OAQDA) in the amount of $772,291. The purpose is to assist the City in financing of air quality facilities in the form of energy conservation measures which inclue lighting upgades and mechanical upgrades among other upgrades. The maturity date is May 1, 2026. Brewer-Garrett Company guarantees the savings. The savings are transferred from the General fund to pay the debt service. Revenues Received in 2011 Total Unencumbered Balance 1/1/12 2012 Certified Estimated Revenues Transfer from Genenral Fund 2012 Appropriations are not to exceed: $0 $21,804 0 60,000 $81,804

current budget ending balance

$67,450 $14,354
4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT GENERAL - FUND #327

Actual 2008 Personal Services Materials and Supplies Contractual Services Other Charges $0 0 0 4,975 $4,975 Actual 2009 $0 0 0 4,975 $4,975 Actual 2010 $0 0 0 4,575 $4,575 Actual 2011 $0 0 5,627 4,250 $9,877 Budget 2012 $0 0 61,450 6,000 $67,450

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT GENERAL - FUND #327.8850

CONTRACTUAL SERVICES Flood Control/Road Improvement Note Note Principal Bond Interest OAQDA Bond Principal OAQDA Bond Interest TOTALS Actual 2008 52603 52602 52608 52609 $0 0 0 $0 Actual 2008 4,975 $4,975 Actual 2009 $0 0 0 $0 Actual 2009 4,975 $4,975 Actual 2010 $0 0 0 $0 Actual 2010 4,575 $4,575 Actual 2011 $0 0 5,627 $5,627 Actual 2011 4,250 $4,250 $28,605 32,845 $61,450 Budget 2012 6,000 $6,000 Budget 2012

OTHER Miscellaneous TOTALS

52799

OAQDA 2011 Series A 2011 Serias B

Principal Interest 28,605 11,800 0 21,045 28,605 32,845

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT RECREATION - FUND #328

The Recreation Bond Retirement fund is used to account for activity related to the repayment of the bond issued to pay for recreational improvements for City, including swimming pools and parks. This bond will be totally repaid in 2011. Expenses are limited to the repayment of debt (principal and interest) and expenses related to this debt. The source of revenue to repay this debt are funds collected from property owners on their property tax bills. The millage is 1.3 mills Revenues Received in 2011 Real Property Taxes 328.1000.41102 Personal Property Taxes 328.1000.41103 10 % Rollback 328.2000.42102 2.5 % Rollback 328.2000.42103 Homestead 328.2000.42104 Total Unencumbered Balance 1/1/12 2012 Certified Estimated Revenues 2012 Appropriations are not to exceed:

$7,538

$7,538 $40,689 $40,689

current budget ending balance

$40,689 $0

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT RECREATION - FUND #328

Actual 2008 Personal Services Materials and Supplies Contractual Services Other Charges $0 0 492,339 0 $492,339 Actual 2009 $0 0 525,560 0 $525,560 Actual 2010 $0 0 582,948 0 $582,948 Actual 2011 $0 0 570,000 0 $570,000 Budget 2012 $0 0 40,689 0 $40,689

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT RECREATION - FUND #328.8850

Actual 2008 52324 52358 52399 52601 52602 52799 539 $450,000 41,800 Actual 2009 0 3,560 0 $500,000 22,000 0 Actual 2010 0 7,948 0 $0 575,000 Actual 2011 0 0 0 $0 570,000 0 Budget 2012

CONTRACTUAL SERVICES Outside legal fees Auditor/treas collection fees Other professional fees Bond Principal Bond Interest Miscellaneous Bond Payment Underwriter Bond Counsel Rating Agency Paying Registrar Insurance TOTALS

40,689

$492,339

$525,560

$582,948

$570,000

$40,689

Huntington National Bank

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT SPECIAL BOND (STANHOPE) - FUND #510

The Special Bond Retirement fund is used to account for activity related to the repayment of the bond issued to pay for improvements to the Stanhope parking lot. This bond will be totally repaid in 2014. Expenses are limited to the repayment of debt (principal and interest) and expenses related to this debt.

The source of revenue to repay this debt are funds collected from special assessments on specific property owners on their property tax bills.

Revenues Received in 2011 Special assessments 510.3000.43103 Transfer in from General Fund Total Unencumbered Balance 1/1/12 2012 Certified Estimated Revenues Transfer from General Fund 2012 Appropriations are not to exceed: 3,141 60,000 $63,141 $14,326 0 50,000 $64,326

current budget ending balance

$55,800 $8,526

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT SPECIAL BOND (STANHOPE) - FUND #510

Actual 2008 Personal Services Materials and Supplies Contractual Services Other Charges $0 0 55,497 0 $55,497 Actual 2009 $0 0 58,115 0 $58,115 Actual 2010 $0 0 55,448 0 $55,448 Actual 2011 $0 0 57,761 0 $57,761 Budget 2012 $0 0 55,800 0 $55,800

4/6/2012

City of South Euclid

2012 Budget Workpapers

BOND RETIREMENT SPECIAL BOND (STANHOPE) - FUND #510

Actual 2008 52358 52601 52602 $62 35,000 20,435 $55,497 Actual 2009 $25 40,000 18,090 $58,115 Actual 2010 $38 40,000 15,410 $55,448 Actual 2011 $31 45,000 12,730 $57,761 Budget 2012 $1,000 45,000 9,800 $55,800

CONTRACTUAL SERVICES Special Assessment Fees Principal Interest TOTALS

U S Bank

4/6/2012