Data is from the Comprehensive Annual Fiscal Report. If this page looks jumbled up, you can see a PDF here.
Long Term Obligations
Governmental Activities 102,566,183
Business Type Activities 426,772,731
Component Units 46,228,686 575,567,600
Retirement Plans
Unfunded Actuarial Accrued Liability 102,614,853 102,614,853
Other Post Employment Benefits
General Retiree Plan 55,709,344
Police Retiree Plan 48,073,988
Fire Retiree Plan 30,950,138
Library Retiree Plan 807,530 135,541,000
Commitments, Contingencies, Related Party Transactions and Subsequent Events
GVRBA Total 26,850,000 16,606,725 GR portion 61.85%
Conduit debt 153115000* * limited obligation revenue bonds for specific
third parties. Not an obligation of the City.
Operating 2015 2,668,070 The City entered into a lease agreement with Kent
County whereby the City leases part of the new
courthouse from the County.
2016 2,831,961
2107 2,832,552
2018 2,833,482
2019 2,833,388
2020-24 14,130,115
2025-26 5,546,505 33,676,073
Subsequent event 17,000,000 COGR General Obligation Limited
Tax Capital Improvement Bonds
Series 2014
Subsequent event 55230000* * Sanitary Sewer Syste Revenue
Improvement and Refunding
bonds, a deposit with an
escrow agent to
advance refund a portion of the
series 2005
Subsequent event 1,994,962 Qualified Energy Conservation Bond
Subsequent event 4,725,000 Grand River Floodwalls
and Embankments Drain Bonds will
be repaid by a special assessment
against the City
74,002,760
Statistical Section
Directed debt (unaudited) 48,201,897 Supported by General Revenues of
the City See CAFR at 117
Overlapping debt 178,530,512 Net, City Share as
a % of Gross See CAFR at 117
226,732,409
Total Debt 1,114,458,622
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