FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

13. Detail of Long-term Indebtedness As of June 30, 2022 (all dollars in thousands)

Unamortized Premium (Discount)

Interest rates

Principal Payable

Ending Balance

Maturity

Bonds Payable Revenue bonds - Section 9(d) Athletic system Series 2015B, issued $510

2.50% - 3.50% 2035 $

510 $

(3) $

507

Series 2021, issued $40

2.15%

2036

40

- - - -

40

Series 2021, issued $21,825 - refunding 2012B note payable Series 2021, issued $7,055 - refunding 2010B note payable Series 2021, issued $6,075 - refunding 2016A note payable

0.40% - 2.55% 2041 0.40% - 2.55% 2041 0.40% - 2.55% 2041

21,825 7,055 6,075 35,505

21,825 7,055 6,075 35,502

Total athletic system

(3)

Dormitory and dining hall system Series 2015A, issued $51,425 Electric service utility system Series 2015D, issued $4,390 University services system Recreational Sports auxiliary Series 2015C, issued $3,280

2.00% - 5.00% 2035

38,355

2,246

40,601

2.75% - 4.00% 2035

3,230

99

3,329

2.00% - 4.00% 2035

2,370 79,460

31

2,401 81,833

Total revenue bonds

2,373

General obligation revenue bonds - Section 9(c) Dormitory and dining hall system

Series 2012A, issued $942 - partial refunding series 2004A

5.00%

2024

705

39

744

Series 2013B, issued $7,842 - partial refunding series 2007A 4.00% - 5.00% 2027 Series 2013B, issued $3,576 - partial refunding series 2007A 4.00% - 5.00% 2027 Series 2015B, issued $10,671 - partial refunding series 2008B 4.00% - 5.00% 2028 Series 2016B, issued $24,200 - partial refunding series 2009B 2.00% - 5.00% 2029 Series 2016B, issued $2,310 - partial refunding series 2009B 2.00% - 5.00% 2029

4,723 2,152 7,043 18,110 1,725 16,520 13,070 81,115 145,163

518 236

5,241 2,388 8,102 20,701 1,972 16,783 13,111 88,456 157,498

1,059 2,591

247 263

Series 2010A, issued $34,650

3.00% - 5.00% 2030 0.55% - 1.41% 2031 1.63% - 4.00% 2040

Series 2020B, issued $13,070 - refunding series 2011A

41

Series 2020A, issued $84,305 Total dormitory and dining hall system

7,341 12,335

Other nonsystem general obligation revenue bonds Parking facilities Series 2013B, issued $218 - partial refunding series 2006B Series 2015B, issued $921 - partial refunding series 2008B

4.00% - 5.00% 2026 4.00% - 5.00% 2028 2.00% - 5.00% 2030

184 603 345

11 91

195 694 350

Series 2010A, issued $745

5

Series 2016B, issued $18,890 - partial refunding series 2009B 2.00% - 5.00% 2034

16,035 17,167 162,330

1,621 1,728 14,063

17,656 18,895 176,393 258,226

Total other nonsystem general obligation revenue bonds

Total general obligation revenue bonds

$

241,790 $

16,436 $

Total bonds payable

Notes Payable

Dormitory and dining hall system Series 2014B, issued $340 - partial refunding series 2005 Series 2021B, issued $795 - partial refunding series 2012A

3.00% - 5.00% 2026 $ 0.48% - 0.94% 2028 3.75% - 5.50% 2031

205 $

13 $

218 796

795

1

Series 2010A, issued $9,650

4,835

175 103 901

5,010 1,083 10,916

Series 2021A, issued $980 - partial refunding series 2010A 2.00% - 3.00% 2033

980

Series 2018A, issued $11,505

4.00% - 5.00% 2039 2.50% - 2.60% 2041

10,015

Series 2021B, issued $845 - partial refunding series 2018A

845

-

845

Total dormitory and dining hall system

17,675

1,193

18,868

Electric service utility system Series 2021A, issued $425 - refunding series 2010B University services system Career Services auxiliary Series 2021A, issued $600 - refunding series 2010B Series 2021A, issued $1,530 - partial refunding series 2010A Series 2021B, issued $15,655 - refunding series 2011A Health Services auxiliary Series 2015B, issued $800 - partial refunding series 2009A Center for the Arts auxiliary Series 2010A, issued $19,445

5.00%

2023

225

7

232

5.00%

2025

600

53

653

3.75% - 5.60% 2036

12,490 1,530 15,655

328

12,818 1,583 15,658

2.00%

2038

53

0.48% - 2.40% 2039

3

3.00% - 5.00% 2029

575

62

637

Series 2016A, issued $7,945 - partial refunding series 2009B 3.00% - 5.00% 2030 Series 2016A, issued $2,780 - partial refunding series 2009B 3.00% - 5.00% 2030

5,905 2,065

819 287

6,724 2,352

Series 2021B, issued $175 - partial refunding series 2015B

1.33% - 1.53% 2031

175

- - -

175

Series 2021B, issued $1,510 - partial refunding series 20016A 1.53% - 1.71% 2032

1,510

1,510

Series 2021B, issued $530 - partial refunding series 2016A

1.53% - 1.71% 2032

530

530

Total university services system

41,035

1,605

42,640

Other nonsystem notes payable Boiler pollution controls Series 2014B, issued $720 - partial refunding series 2006A Series 2016A, issued $375 - partial refunding series 2006A Series 2021B, issued $235 - partial refunding series 2014B

3.00% - 5.00% 2024

120 375 235 755 575

13 19

133 394 235 840 634

3.00%

2027

0.94% - 1.13% 2029

-

Campus heating plant Series 2014B, issued $1,790 - partial refunding series 2007A 3.00% - 5.00% 2026 Series 2016A, issued $575 - partial refunding series 2007A 3.00% - 5.00% 2028 Series 2016A, issued $3,625 - partial refunding series 2009B 3.00% - 5.00% 2030

85 59

2,695

373

3,068

30

Notes to Financial Statements