MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2021
Long-term debt At the end of December 31, 2021, the City had total debt outstanding of $96,490,000. Of this amount, $65,955,000 represents bonds secured by specified revenue sources (i.e. sales tax revenue bonds). The remaining $30,535,000 are Certificates of Participation. City of Arvada Outstanding Debt as of December 31, 2021 (in thousands)
Revenue bonds 2016 Certificates of Participation 2015 Certificates of Participation
Governmental Activities
Governmental Activities Direct Placement
Business-type Activities
Total Primary Government
$
$
$
$
-
2021 Certificates of Participation Total outstanding debt
65,955 9,185 -
$
75,140
3,745 17,605
$
21,350
-
17,605
$
-
65,955 9,185 3,745
$
96,490
Additional information on the City’s long-term obligations can be found in Note 3.E on pages 63-65 of this report. Financial Contact The City’s financial statements are designed to provide users (citizens, taxpayers, customers, investors and creditors) with a general overview of the City’s finances and to demonstrate the City’s accountability. Questions concerning any of the information presented in this report or requests for additional information should be sent to the City’s Finance Director at the following address: City of Arvada Director of Finance 8101 Ralston Road Arvada, CO 80002
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