By: Diane Benjamin The Bloomington financial statements have the same debt table as Normal in this story: https://blnnews.com/2019/12/09/more-on-normals-credit-rating-and-debt/ PDF page 91: https://www.cityblm.org/home/showdocument?id=23337 The chart has a typo: the 2035-2029 probably should have been 2025-2029. $52,090,000 for bond payments and $11,576,172 for interest. The interest adds 22% to the total repayment. Don’t get too […]
By: Diane Benjamin The VenuWorks report is not the audited version, it is therefore immaterial. Time allowed for the presentation is 5 minutes, included will be the fictional economic impact of the arena. See PDF page 40: http://www.cityblm.org/Home/ShowDocument?id=19928 Financial information is on PDF page 39. The loss does not include depreciation on the building which […]
I’m still trying to interpret the City’s presentation of debt. The accompanying notes don’t match the tables, more later. By: Diane Benjamin The City of Bloomington has issued their Financial Statements as of 4/30/2014. http://www.cityblm.org/Modules/ShowDocument.aspx?documentid=7479 The numbers below start on page 51. The current debt payments are set to explode in 2020: The outstanding […]
