University of North Texas System Annual Financial Report: 2013 Page: 42
176 p.View a full description of this report.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
UNAUDITED
UNIVERSITY OF NORTH TEXAS SYSTEM (794)
NOTES TO THE COMBINED FINANCIAL STATEMENTS
AUGUST 31, 2013
" Source of revenue for debt service - legislative appropriation and all pledged revenues of the participants
of the University of North Texas System Revenue Financing System.
Revenue Financing System Refunding and Improvement Bonds, Series 2012A
" To provide funds for the purposes of (1) refunding a portion of the Board's outstanding commercial paper
notes, (2) building completions and renovations and (3) paying certain costs of issuing the bonds
" Issued 06-01-12
" $19,680,000; all authorized bonds have been issued
" Source of revenue for debt service - legislative appropriation and all pledged revenues of the participants
of the University of North Texas System Revenue Financing System.
University of North Texas at Dallas
Detailed supplemental bond information is disclosed in Schedule 2A - Miscellaneous Bond Information; Schedule
2B - Changes in Bond Indebtedness; Schedule 2C - Debt Service Requirements Schedule; Schedule 2D - Analysis of
Funds Available for Debt Service; Schedule 2E - Schedule of Defeased Bonds Outstanding.
Revenue Financing System Refunding and Improvement Bonds, Series 2005
" To provide funds for constructing and equipping a building for the UNT-Dallas campus including a library,
classrooms, offices, and related parking.
" Issued 10-01-2005
" $22,655,000; all authorized bonds have been issued
" Source of revenue for debt service - legislative appropriation and all pledged revenues of the participants
of the University of North Texas System Revenue Financing System.
Revenue Financing System Bonds, Series 2009A
" To provide funds for constructing and equipping the second academic building for the UNT-Dallas campus
" Issued 12-02-2009
" $27,120,000; all authorized bonds have been issued
" Source of revenue for debt service - legislative appropriation and all pledged revenues of the participants
of the University of North Texas System Revenue Financing System
Pledged Future Revenues
GASB statement No. 48, Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of
Assets and Future Revenues, makes a basic distinction between sales of receivables and future revenues, on the one
hand, and the pledging of receivables or future revenues to repay a borrowing (a collateralized borrowing), on the
other. The following table provides the pledged future revenue information for UNT System's revenue bonds:
Government Business - Type Component
Activities Activities Units
Pledged Revenue Required for Future Principal and
Interest on Existing Revenue Bonds N/A $ 628,382,977.50 N/A
Term of Commitment Year Ending 08/31 2040
Percentage of Pledged Revenue 100%
Current Year Pledged Revenue 640,015,089.81
Current Year Principal and Interest Paid $ 42,212,625.53
Pledged revenue sources:
Business - type activities - tuition and fees, operating income from residential housing, dining services
Component Units -Note 7: Derivatives
The UNT System had no investments in derivatives for the financial year ended August 31, 2013.42
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
University of North Texas System. University of North Texas System Annual Financial Report: 2013, report, Autumn 2013; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth654674/m1/50/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.