b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 5.CERTAINDISCLOSURESRELATEDTODEBT,INCLUDINGDIRECTBORROWINGSANDDIRECT PLACEMENTS Changes in long-term obligations for the years ended June 30, 2025 and 2024 consist of: Balance Balance Current6/30/2024 Increase Decrease 6/30/2025 MaturitiesGeneral obligation bondsAirport Revenue Bonds:Series 2013A Airport Refunding (b) $4,670,000 $ - $(2,560,000) $2,110,000 $2,110,000 Series 2016A Airport Refunding (c) 18,205,000 (1,570,000) 16,635,000 1,645,000- Series 2021A Airport Refunding (d) 13,615,000 - - 13,615,000 -Series 2021B Airport Refunding (d) 500,000 (45,000)455,000 45,000-Total 36,990,000 - (4,175,000) 32,815,000 3,800,000 Notes from direct borrowings and direct placementsAirport Revenue Bonds:Series 2001A&B (a)1,712,911 (1,580,698)132,213132,213-Series 2024 Airport(6,600) 30,168,400 30,175,000Total1,712,911 30,175,000 (1,587,298) 30,300,613 132,213Add: Bond premium paid, net5,037,128 (688,878)4,348,250 Total Bonds 43,740,039 30,175,000 (6,451,176) 67,463,863 3,932,213 Subscription liabilities 153,464 - (94,246)59,21859,218Total Long-Term Debt $43,893,503 $30,175,000 $(6,545,422) $67,523,081 $3,991,431Balance Balance Current6/30/2023 Increase Decrease 6/30/2024 MaturitiesGeneral obligation bondsAirport Revenue Bonds:Series 2013A Airport Refunding (b) $7,270,000 $ - $(2,600,000) $4,670,000 $2,560,000 Series 2016A Airport Refunding (c) 19,695,000 (1,490,000) 18,205,000 1,570,000-Series 2021A Airport Refunding (d) 13,615,000 - 13,615,000 Series 2021B Airport Refunding (d) 545,000 (45,000)500,000 45,000-Total 41,125,000 - (4,135,000) 36,990,000 4,175,000 Notes from direct borrowings and direct placementsAirport Revenue Bonds:Series 2001A&B (a)3,282,821 (1,569,910)1,712,911 1,580,697-Total3,282,821 (1,569,910)1,712,911 1,580,697-Add: Bond premium paid, net5,726,008 - (688,880)5,037,128 - Total Bonds 50,133,829 (6,393,790) 43,740,039 5,755,697-Subscription liabilities 208,630 194,826 (249,992)153,464 94,245Total Long-Term Debt $50,342,459 $ 194,826 $(6,643,782) $43,893,503 $5,849,942* Includes adjustment of beginning balances for implementation of GASB 96.33'