County  General  Fund  Contribu1ons  to  Gateway  (Arena)    

Debt  Service  Summary  of  Pledge  Fund  Requirements  2000-­‐2014  

Year

2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
**** 2014
TOTALS

Required Annual
Debt Service *

Pledge Fund
Revenue **

County General
Fund
Contribution
***

8,050,000
9,150,000
11,020,340
10,907,642
9,988,712
9,484,166
9,786,426
10,148,801
10,259,068
9,943,304
9,787,701
9,718,264
8,965,323
9,530,473
9,212,997
145,953,217

3,272,850
4,929,523
3,820,872
4,525,412
4,052,277
3,803,862
6,725,076
6,251,361
7,294,274
6,792,948
3,873,685
3,531,940
3,693,210
62,567,290

8,050,000
9,150,000
7,747,490
5,978,119
6,167,840
4,958,754
5,734,149
6,344,939
3,533,992
3,691,943
2,493,427
2,925,316
5,091,638
5,998,533
5,519,787
83,385,927

Revenue
Coverage by
Pledge Fund
Revenue

29.7%
45.2%
38.3%
47.7%
41.4%
37.5%
65.6%
62.9%
74.5%
69.9%
43.2%
37.1%
40.1%
42.9%

*  Total  annual  debt  service  on  1992A  and  2010C  Bonds.  Final  maturity  of  County  bonds  is  
December  1,  2023.  Does  not  include  $250,000  annual  payment  on  loan  from  State  of  Ohio.  
**  Revenue  derived  from  admission  tax  for  games  and  events  and  contribuJon  of  bed  tax  
revenue  from  PosiJvely  Cleveland.  
***  County  porJon  of  annual  debt  service  charges  is  due  to  pledge  fund  Jan.  15th  of  each  
year.    
****  2014  pledge  deposit  to  cover  County  porJon  of  debt  service  in  2014.  
SOURCE:  Cuyahoga  County  Office  of    Budget  &  Management.  

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