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07M, -MIT07 <br />(A Component Unit of the City of Paris, Texas) <br />Notes to the Financial Statements (Continued) <br />September 30, 2017 <br />It. Detailed Notes gLi.ALI Activities and Funds (Continued) <br />G, Long -Term Liabilities (Continued) <br />Debt Service requirements related to the bonds are as follows, for, the years ended September 30: <br />, Bonded Debt Reg2irements <br />Years Principal Interest Total <br />2018 $ 340,000 $ 14,926 —$ 354,926 <br />S ===240,000 14,926 $ 354,926 <br />A summary of long-term liability transactions for the year ended September 3101, 2017, is as follows: <br />Due <br />Balance Balance Within <br />9/30/16 Additions Reductions 9/30/17 One Year <br />665;000 S S 325,000 S 340,000 $ 3401,000 <br />H, Interfund Transfers <br />During the year, transfers are used to move revenues from the fund with collection authorization to the Debt <br />Service Fund as debt service principal: and interest payments become due. The interfund transfers are <br />reported as Other Financing Sources (Uses). <br />Subsequent Events <br />On November 1, 2017, the Board of Directors reached an incentive agreement with J. Skinner Bakery and its <br />planned expansion of its facilities. PEDC will invest up to 5400,000 in connection with a new product line, <br />job creation, and employment retention. <br />On October 20, 2017, the Board of Directors approved a $400,000 forgivable loan tied to capital investment <br />and employment levels for Campbell Soup's new plum organics line, <br />