Spreadsheet: 2a850909-7975-40df-a3af-a68b488974d7
Sheet: Sheet1

Unnamed: 0 | Unnamed: 1 | Unnamed: 2 | Journal Entries | Unnamed: 4 | Unnamed: 5
 |  |  | [NAME] Issue
 |  |  | (Iowa Code Section 298.20)
Description |  | Debit | Credit | Debit Amount | Credit Amount
Recorded in the Debt Service Fund (40):
 | Record the Good Faith Deposit:
 |  | Cash (40-000-0000-101) |  | 0
 |  |  | Deposits Payable (40-000-0000-491) |  | 0
 | Record the Remaining Bond Proceeds:
 |  | Cash (40-000-0000-101) |  | 0
 |  | Deposits Payable (40-000-0000-491) |  | 0
 |  | Discount on Bonds Sold (40-0000-[PHONE]-925) |  | 0
 |  |  | Sale of Refunding Bonds (40-0000-[PHONE]-5112) |  | 0
 |  |  | Premium on Sale of Bonds (40-0000-[PHONE]-5120) |  | 0
 |  |  | Accrued Interest on Refunding Bonds (40-0000-[PHONE]-5130) |  | 0
 | Record the Payment to the Escrow Agent, Including Issuance Costs:
 |  | Cash with Fiscal Agents (40-000-0000-105) |  | 0
 |  | Issuance Costs on Debt Issued (40-0000-[PHONE]-833) |  | 0
 |  | Escrow Agent Fees (40-0000-[PHONE]-34X) |  | 0
 |  |  | Cash (40-000-0000-101) |  | 0
 | Record the Interest Earned in the Escrow Account:
 |  | Cash with Fiscal Agents (40-000-0000-105) |  | 0
 |  |  | Interest Revenue (40-0000-[PHONE]-1510) |  | 0
 | Record Each Subsequent Payment of Principal and Interest
 |  | Redemption of Principal (40-0000-[PHONE]-831) |  | 0
 |  | Interest (40-0000-[PHONE]-832) |  | 0
 |  | Bond Registrar Fees (40-0000-[PHONE]-34X) |  | 0
 |  | (Fees paid when using outside paying agent to make debt payments)
 |  |  | Cash (if paid by the district) (40-000-0000-101) |  | 0
 |  |  | Cash with Fiscal Agents (if paid by the escrow agent) (40-000-0000-105) |  | 0
 | Record the Defeasance of Debt at the Crossover Date
 |  | Redemption of Principal (40-0000-[PHONE]-831) |  | 0
 |  | Interest (40-0000-[PHONE]-832) |  | 0
 |  | Cash (if the district receives funds back from the fiscal agent) (40-000-0000-101) |  | 0
 |  | Bond Registrar Fees (40-0000-[PHONE]-34X) |  | 0
 |  | (Fees paid when using outside paying agent to make debt payments)
 |  |  | Cash with Fiscal Agents (any payments by escrow agent) (40-000-0000-105) |  | 0
Recorded in the Governmental Long-term Debt Summary Account (GLTD) (09):
 | Record [NAME] (this is not recorded until the crossover date)
 | and Each Subsequent Principal Payment (whether paid by the District or by the Escrow Agent)
 |  | General Obligation Bonds Payable (09-000-0000-511) |  | 0
 |  |  | Amount to be Provided for the Retirement of Debt (09-000-0000-304) |  | 0
 | Record the New Debt Issue
 |  | Amount to be Provided for the Retirement of Debt (09-000-0000-304) |  | 0
 |  |  | General Obligation Bonds Payable (09-000-0000-511) |  | 0
 |  |  | Totals | 0 | 0
 |  |  | Balance Sheet Account (Fund-Program-Project-Account)
 |  |  | Revenue Account (Fund-Facility-Function-Program-Project-Source)
 |  |  | Expenditure (Fund-Facility-Function-Program-Project-Object)
Notes for Informational Purposes:  In a crossover refunding issue (issue documentation will clearly state that it is a crossover
 | refunding issue), both the old and the new debt are reported on  the balance sheet (in GLTD) until the crossover date.
 | At the crossover date, the old debt is considered defeased and removed from GLTD.  The assets that are held by the
 | escrow agent are also recorded on the District’s records (as cash with fiscal agent).  Accordingly, activity by the escrow
 | agent, such as interest earned, is also recorded in the District’s records.