Bonds Allocated


Overview

The Allocations module allows an issuer to implement a charge-back system for multi-purpose bond issues or pooled financings.  Allocations can be performed on a maturity-by-maturity basis or as percentage of gross debt service. Performs private use tests (both 5% and 10% tests) for multi-purpose bond issues.

Features

Allows the user to prorate debt service on either a cash or accrual basis (accrual basis reporting is important for enterprise funds).

The allocation coding block is 40-characters long and can be hierarchically structured with up to four breaks.

The allocation hierarchy can be determined at runtime.  Report totals reflect the defined hierarchy.

Unlimited number of allocations.

Reporting

Reports for Bonds Allocated on a Maturity-by-Maturity Basis

(31b) The Project Allocation Variance Report – This report is in bond ID sequence. It sums the project allocations for each maturity and displays the variance between the total allocations and amount of principal for the related maturity.

(32c) Single Year Allocations By Month Report – Bond Issue Subtotals – Mun-Ease displays the monthly allocations either on a cash or accrual basis (maturity-by-maturity basis) Based on a month and year that you input.

(33d) Single Year Allocations By Month Report – Project Number Subtotals – This report is the same as report #32 except that it provides project number subtotals. When you request this report, Mun-Ease provides an option to generate a general ledger interface.

(34d) Single Year Debt Service By Date/Paying Agent – Displays and summarizes allocated debt service by bond issue, paying agent and date.

(34e) Single Year Debt Service By Date/Paying Agent – Displays and summarizes allocated debt service by bond issue, paying agent and date. Debt service is summarized up through the first two levels in the allocation hierarchy.

(35c) Project Allocations By Paying Agent Report – Displays allocated debt service by paying agent and date. This report is similar to report 34d except that there are no bond issue subtotals.

(36c,e) Project Allocations Indebtedness Report – Displays by bond issue, the outstanding indebtedness and the related yearly allocations (maturity-by-maturity basis). The report is generated on a cash basis.

(36f) Single Year Indebtedness & Debt Service – This report is similar to report #36c except that interest is shown in two columns denoting whether the interest payment was received in the first or second half of the fiscal year.

(36g) Outstanding Debt by Allocation (with details by bond issue) – Displays outstanding debt by the bond issue and allocation coding block. Provides subtotals by allocation coding block.

(36h) Outstanding Debt by Allocation (totals by allocation) – Displays outstanding debt by allocation coding block.

(36i) Outstanding Debt by Allocation (totals displayed through allocation hierarchy) – Displays outstanding debt by allocation coding block. Provides subtotals through each segment in the allocation hierarchy.

(36j) Single Year Indebtedness & Debt Service – Displays by bond issue, the outstanding indebtedness and the related yearly allocations (gross debt service basis). The report is generated on a cash basis.

(64) Multi-Year Allocations Debt Service Report – Displays the debt service allocations for a range of dates specified by you (maturity-by-maturity allocations).

(64a) Multi-Year Allocation Debt Service (Summary) – Displays multi-year allocated debt service sorted by allocation coding block and fiscal year. Provides totals by fiscal year.

(64c) Multi-Year Allocation Debt Service (Bond ID Subtotals) – Displays multi-year allocated debt service sorted by allocation coding block, bond issue and fiscal year. Provides totals by bond issue and fiscal year.

(64d) Combined Debt Service Allocated on a Cash Basis – Displays multi-year allocated debt service sorted by allocation coding block and fiscal year. Provides totals by fiscal year for each allocation coding block.

(64e) Multi-Year Allocation Debt Service (Summary) – Display a summary of multi-year allocated debt service. Debt service is summarized to the highest level in the allocation hierarchy. Displays date and monthly totals.

(64f) Multi-Year Allocation Debt Service – Display a summary of multi-year allocated debt service. Debt service is summarized to the highest level in the allocation hierarchy.

(66) Allocations Refunding Candidates Report – Lists the maturity-by-maturity allocations that the issuer has marked for refunding. The report is used in situations where refunding a complete maturity would cause the issuer to be in violation of the private-use rules. Instead, the issuer marks only those allocations to be refunded that would enable continued compliance with the private-use rules.

(81) Allocations Refunding Non-Candidates Report – This report displays allocations that are not refunding candidates due to private-use restrictions.

(101a) Scheduled Debt Service for Fiscal Years – This is the first half of a report that provides a horizontal summary of debt service obligations in the next 20 years.

(101b) Scheduled Debt Service for Fiscal Years – This is the second half of a report that provides a horizontal summary of debt service obligations in the next 20 years.

(102) Computation of Issue Price by Purpose for the 8038 Tax Forms – This report facilitates the calculation of the issuance price by governmental purpose. This calculation can be used to complete section II in the 8038 and 8038G reports.

Reports for the Gross Debt Service Method of Allocation

(36c,e) Project Allocations Indebtedness Report – Displays by bond issue, the outstanding indebtedness and the related yearly allocations (maturity-by-maturity basis). The report is generated on a cash basis.

(48) Allocations Variance Report (gross debt service) – Provides a detailed listing of allocations by bond issue so that you can determine that 100% of a bond issue’s debt service has been allocated.

(49) Maturity Schedule – Displays a report of current and future debt service obligations and the actual debt service payments made on those obligations. This report was developed for a state government that monitors debt service payments made by agencies within the state.

(51,b) Transfer Schedule – Displays a yearly schedule of cash transfers that are to be made to debt service fund. This report was developed for a state government that monitors transfer payments made by agencies to the global debt service fund maintained at the state level.

(52) Gross Debt Service Project Allocations by Paying Agent Report – Displays gross debt debt service allocations by paying agent.

(61) Gross Debt Service Multi-Year Debt Service Allocations Report – Displays the debt service allocations for range of dates specified by you (gross debt service allocations).

(67) Allocated Remaining Debt Service Report – Displays the remaining debt service by gross-debt service allocation.

(77) Allocated Debt Service Combined on an Accrual Basis Report For GASB 34 – This report displays the combined debt service by allocation on an accrual basis.

Reports for Private Activity Bonds

(65,b) Private Use Tests Report – Displays information to determine whether a private-activity bond issue is in compliance with the 5% and 10% private use tests.

Reports for Tracking the Authorization, Issuance, and Cancellation of Bonds

(58) Status of Bonds Authorized, Issued, and Cancelled – Displays the amounts originally authorized for projects, the amount of bonds issued to fund the projects, and cash balances available for bond funding.

(58a) Status of Bonds Authorized, Issued, Cancelled (with allocation subtotals) – Displays the amounts originally authorized for projects, the amount of bonds issued and currently outstanding to fund the projects, and cash balances available for bond funding. Data is subtotaled to the highest level in the allocation hierarchy.

(58b) Details of Bonds Authorized & Issued – Displays the amounts originally authorized for projects, the amount of bonds issued to fund the projects, and cash balances available for bond funding. Data is subtotaled to the highest level in the allocation hierarchy.

(59b) Net Available Allocations by Bond ID – Displays in bond ID order, the project amounts allocated to a bond issue, the amounts already spent on the bond issue, and amounts available to be spent.

(60) Net Available Allocations by Allocation Coding Block – Displays in bond ID order, the project amounts allocated to a bond issue, the amounts already spent on the bond issue, and amounts available to be spent