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EDA Item 3.1 Review Summary 2025 Financials Unaudited
Page: 24Trial Balance - Detail - Funds with Balances or ActivityCITY OF OTSEGO Period: 14/25 (12/31/2025)Feb 02, 2026 12:53PM Debit Amount Credit Amount Account Number Title EDA LEASE REVENUE, SERIES 2024 303-10101 CASH WITH FISCAL AGENT 398,265.34 303-20200 ACCOUNTS PAYABLE 250.00- 303-25300 UNRESERVED FUND BALANCE 814,909.17- 303-36210 INTEREST EARNINGS 23,115.33- 303-47000-602 BOND INTEREST 439,759.16 303-47000-620 FISCAL AGENT FEE'S 250.00 838,274.50-838,274.50Total EDA LEASE REVENUE, SERIES 2024: 416,893.83Net Loss: EDA 3.1.A. City of Otsego 2024A Lease Revenue Bond Fire & Emergency Services Station Proceeds Analysis - Bond Fund US Bank Statement Description Period Amount Amount Balance Difference Beginning Balance - Deposit - Bond Closing December 2024 814,909.17 814,909.17 814,909.17 - Interest Revenue January 2025 175.71 815,084.88 815,084.88 - Interest Revenue February 2025 2,672.94 817,757.82 817,757.82 - Interest Revenue March 2025 2,405.74 820,163.56 820,163.56 - Interest Revenue April 2025 2,651.57 822,815.13 822,815.13 - Interest Revenue May 2025 2,569.88 825,385.01 825,385.01 - Interest Revenue June 2025 2,640.37 828,025.38 828,025.38 - Interest Revenue July 2025 2,558.16 830,583.54 830,583.54 - Debt Service Payment August 2025 (439,759.16) 390,824.38 Interest Revenue August 2025 2,654.91 393,479.29 393,479.29 - Interest Revenue September 2025 1,257.28 394,736.57 394,736.57 - Interest Revenue October 2025 1,198.85 395,935.42 395,935.42 - Interest Revenue November 2025 1,208.11 397,143.53 397,143.53 - Interest Revenue December 2025 1,121.81 398,265.34 398,265.34 - Interest Revenue January 2026 1,103.79 399,369.13 399,369.13 - 399,369.13 399,369.13 Pending Activity Debt Service Payment February 2026 (375,150.00) Page: 36Trial Balance - Detail - Funds with Balances or ActivityCITY OF OTSEGO Period: 14/25 (12/31/2025)Feb 02, 2026 12:53PM Account Number Title Debit Amount Credit Amount FIRE & EMERGENCY SRVS STATION 446-10100 CASH & INVESTMENTS 1,089,811.20- 446-10101 CASH WITH FISCAL AGENT 10,307,698.19 446-20200 ACCOUNTS PAYABLE 1,741,203.10- 446-25300 UNRESERVED FUND BALANCE 17,810,140.61- 446-36210 INTEREST EARNINGS 565,276.65- 446-42200-525 BUILDING IMPROVEMENTS 10,898,733.37 21,206,431.56-21,206,431.56Total FIRE & EMERGENCY SRVS STATION: 10,333,456.72Net Loss: EDA 3.1.B. City of Otsego 2024A Lease Revenue Bond Fire & Emergency Services Station Proceeds Analysis - Draw Summary US Bank Statement Description Period Amount Amount Balance Difference Beginning Balance - Deposit - Bond Closing December 2024 18,843,789.52 18,843,789.52 Draw #1 (Costs of Issuance)December 2024 (133,907.00) 18,709,882.52 18,709,882.52 - Draw #2 (Pre Issuance Costs)January 2025 (873,790.91) 17,836,091.61 Interest Revenue January 2025 4,843.19 17,840,934.80 17,840,934.80 - Draw #3 (Dec2024 & Jan2025 Costs)February 2025 (198,505.63) 17,642,429.17 Interest Revenue February 2025 61,186.82 17,703,615.99 17,703,615.99 - Draw #4 (Feb2025 Costs)March 2025 (251,377.65) 17,452,238.34 Interest Revenue March 2025 52,582.01 17,504,820.35 17,504,820.35 - Draw #5 (Mar2025 Costs)April 2025 (15,885.31) 17,488,935.04 Interest Revenue April 2025 56,697.84 17,545,632.88 17,545,632.88 - Draw #6 (Apr2025 Costs)May 2025 (230,649.82) 17,314,983.06 Interest Revenue May 2025 54,801.46 17,369,784.52 17,369,784.52 - Draw #7 (May2025 Costs)June 2025 (276,952.11) 17,092,832.41 Interest Revenue June 2025 55,732.68 17,148,565.09 17,148,565.09 - Draw #8 (Jun2025 Costs)July 2025 (296,662.75) 16,851,902.34 Interest Revenue July 2025 53,065.92 16,904,968.26 16,904,968.26 - Draw #9 (Jul2025 Costs)August 2025 (1,188,868.91) 15,716,099.35 Interest Revenue August 2025 54,066.68 15,770,166.03 15,770,166.03 - Draw #10 (Aug2025 Costs)September 2025 (1,357,366.69) 14,412,799.34 Interest Revenue September 2025 51,124.62 14,463,923.96 14,463,923.96 - Draw #11 (Sep2025 Costs)October 2025 (1,604,470.93) 12,859,453.03 Interest Revenue October 2025 44,908.38 12,904,361.41 12,904,361.41 - Draw #12 (Oct2025 Costs)November 2025 (1,620,698.66) 11,283,662.75 Interest Revenue November 2025 43,801.57 11,327,464.32 11,327,464.32 - Draw #13 (Nov2025 Costs)December 2025 (1,052,231.61) 10,275,232.71 Interest Revenue December 2025 32,465.48 10,307,698.19 10,307,698.19 - Draw #14 (Dec2025 Costs)January 2026 (1,087,336.95) 9,220,361.24 Interest Revenue January 2026 28,668.39 9,249,029.63 9,249,029.63 - 9,249,029.63 9,249,029.63 Pending Activity Draw #15 (Jan2026 Costs)February 2026 (1,753,046.42)