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SMITHSONIAN INSTITUTION 



Notes to Financial Statements 



September 30, 2000 



($ millions) 



Series 1997 Revenue Bonds 



The Series 1997 Serial and Term Revenue Bonds were issued by the District of Columbia on behalf of 

 the Smithsonian and represent unsecured general obligations of the Smithsonian. Interest is payable 

 semiannually every August 1 and February 1. Principal and interest payments will be funded solely 

 through trust funds. 



The term bonds maturing on February 1, 2017 and February 1, 2028 are subject to mandatory 

 redemption by sinking fund installments. Installment payments for the term bond maturing 

 February 1, 2017, begin on February 1, 2013 and range from $1.3 to $1.6 per year through the maturity 

 date. Installment payments for the term bond maturing February 1, 2028 begin on February 1, 2019 

 and range from $1 .7 to $2.7 per year through the maturity date. 



Series 2000 Revenue Bonds 



The Series 2000 Revenue Bonds were issued by the District of Columbia on behalf of the Smithsonian 

 and represent unsecured general obligations of the Smithsonian. Proceeds from the bond issue will be 

 used to finance, refinance and reimburse certain costs of acquisition and renovation of the Victor 

 Building. The Series B bonds bear interest at a variable interest rate determined in accordance with the 

 Indenture (5.4% at September 30, 2000). 



Interest is payable semiannually on May 1 and November 1. commencing on November 1, 2000. The 

 principal and interest payments will be funded solely through trust funds. 



Interest on long-term debt for fiscal year 2000 totaled $3.9, of which approximately $2.2 was 

 capitalized. 



The annual maturities of long-term debt for the five fiscal years subsequent to the fiscal year 2000 and 

 thereafter are as follows: 2001, $0; 2002, $3.8; 2003, $14.4; 2004, $0.9; 2005, $6.5; and thereafter, 

 $125.4. 



(11) Related Organizations 



The Smithsonian provides fiscal, procurement, facilities and administrative services to several 

 separately incorporated organizations which have a relationship with the Smithsonian. The amounts 

 paid to the Smithsonian by these organizations for these services totaled $.1 of trust funds and $.2 of 

 federal funds for fiscal year 2000. 



Deposits held in custody for these organizations at September 30, 2000, were $.3 and are included in 

 the trust funds. 



The Friends of the National Zoo (FONZ), an independent 501(c)(3) organization, raises funds for the 

 benefit of the Smithsonian's National Zoological Park. Funds received by the Smithsonian from 

 FONZ are recorded as unrestricted revenue and totaled $.6 in fiscal year 2000. 



