The Munetrix Debt Manager app provides users with a variety of reports on debt obligations. This article provides an explanation of each of the Obligation reports on the reports tab.
⏰ Estimated Time: 5 minutes
Fund Type Annual Summary Report
The Fund Type Annual Summary Report displays the total principal payments, interest payments and total overall payments for all debt obligations, listed by fund type for each fiscal year. Click Print to print the report.
Payments Made & Balance Due Chart
The Payments Made & Balance Due Chart displays the principal paid, interest paid, and balance due across all debt obligation activities. The chart may be filtered by activity type (i.e. Government, etc.) and/or fund code if desired.
- Yellow = Total interest paid during the year.
- Light Blue = Total principal paid during the year.
- Green Trend Line = Total remaining balance.
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- The balance of long-term debt will fluctuate based on the payments made and additional debt incurred. This chart identifies the affects on these activities and the remaining amount of debt in any given year.
- This report is helpful in showing the payoff of the overall debt obligation over time and the declining balance due as principal and interest payments are made.
- Data for this report comes from amortization schedules for long-term debt that have been provided by the local unit from internal debt schedule documents.
This chart also provides a data table with the total principal payments made, total interest payments made, and total balance due, by year. Selected data filters for activity type and/or fund will also be applied to the data table.
