Note X – Short-Term Debt
Short-term activities for the year ended December 31, 20__ was as follows:
|
Debt |
Beginning Balance 01/01/20__ |
Issued |
Redeemed |
Ending Balance 12/31/20__ |
| _____ |
$____ |
$____ |
$____ |
$____ |
| _____ | _____ | _____ | _____ | _____ |
| _____ | _____ | _____ | _____ | _____ |
| _____ | _____ | _____ | _____ | _____ |
Instructions to preparer:
The city/county/district should provide the information about short-term debt activities (e.g., anticipation notes, use of line of credit and similar loans, etc.) during year, even if not short-term debt is outstanding at the year end.
The city/county/district should describe the purpose for which the short-term debt was issued.
The city/county/district may also address how it intends to finance the payment of short-term debt outstanding at the end of the fiscal period.
For additional requirements for government-wide and proprietary funds see GASB Statement, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements, paragraph 44.