Đang chuẩn bị liên kết để tải về tài liệu:
Accountants’ Report and Financial Statements June 30, 2007_part3

Không đóng trình duyệt đến khi xuất hiện nút TẢI XUỐNG Tải xuống

Chấm dứt lợi ích đặc biệt Thư viện có một "Chương trình trợ cấp sớm hưu trí cho người lao động đủ điều kiện, theo đó các thư viện sẽ tiếp tục trả tiền cho nhân viên đủ điều kiện của bảo hiểm y tế cho đến khi 65 tuổi hoặc cho đến khi nhân viên sẽ đủ điều kiện cho Medicare, tùy theo điều kiện nào đến trước. | Consolidated Public Library District No. 3 Known As Mid-Continent Public Library Notes to Financial Statements June 30 2007 Note 5 Special Termination Benefits The Library has an Early Retirement Subsidy Program for qualified employees whereby the Library will continue to pay for the qualified employee s health insurance until age 65 or until the employee becomes eligible for Medicare whichever comes first. To qualify an employee must be at least 60 years of age and have been employed by the Library for a minimum of 20 consecutive years as a full-time employee at the time of retirement. The Library has recorded a liability for the present value of the expected future payments for the health insurance on retiring qualified employees. The Library s total early retirement benefits expense was 28 518_for the year ended June 30 2007. The following is a summary of the changes in this liability for the year ended June 30 2007 Early retirement benefits Current Year Earned and Balance Balance Changes in June 30 June 30 2006 Estimates Payments 2007 200 000 28 518 28 518 200 000 Note 6 Long-term Debt The following table summarizes the changes in governmental activities long-term debt of the Library for the year ended June 30 2007 Outstanding July 1 Additions Reductions Outstanding June 30 Due Within One Year Certificate of Participation Bonds 10 000 000 10 000 000 845 000 Unamortized discount 15 984 500 15 584 Total 0 9 984 016 500 9 984 416 845 000 On March 1 2007 the Library issued Series 2007 Certificates of Participation Bonds for 10 000 000 to finance the construction of a new library branch. Proceeds were deposited in an escrow account and reflected in the General Fund as Restricted cash and investments. The Certificates mature on various dates through 2017 at interest rates varying from 3.65 -3.9 . Certificates maturing on or after March 1 2015 are callable at the option of the District on or after March 1 2014 at par. This is trial version www.adultpdf.com 1 .