New debt acquired in 2014
=========================
Long Term Debt Authorized and Issued
(inside debt limit) 3,154,501
Long Term Debt Authorized and Issued
(outside debt limit) 7,347,607
Short Term Debt 4,088,719
Long Term Authorized
but not Issued 12,198,841
Why do we have so much Long Term Authorized (but not Issued) debt
dating back to 2006?
The total now stands at $139,589,119
Over $40 million of that dates back prior to 2010.
It seems we are borrowing in anticipation of far future needs, but this
distant future planning may restrict current borrowing unless it is
rescinded.
I cannot tell from the annual report whether this is inside the debt limit or
outside the debt limit.
Long Term Debt Authorized and Issued
(inside debt limit) 3,154,501
Long Term Debt Authorized and Issued
(outside debt limit) 7,347,607
Short Term Debt 4,088,719
Long Term Authorized
but not Issued 12,198,841
Why do we have so much Long Term Authorized (but not Issued) debt
dating back to 2006?
The total now stands at $139,589,119
Over $40 million of that dates back prior to 2010.
It seems we are borrowing in anticipation of far future needs, but this
distant future planning may restrict current borrowing unless it is
rescinded.
I cannot tell from the annual report whether this is inside the debt limit or
outside the debt limit.