Page 168 - Colleyville FY19 Budget
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OUTSTANDING DEBT SERVICE REQUIREMENTS BY FISCAL YEAR
DRAINAGE UTILITY SYSTEM REVENUE BONDS
FISCAL PRINCIPAL INTEREST TOTAL
YEAR
2019 $115,000 $10,670 $125,670
2020 $125,000 $6,506 $131,506
2021 $125,000 $2,169 $127,169
TOTAL $365,000 $19,345 $384,345
OUTSTANDING BONDS BY ISSUE
DRAINAGE UTILITY SYSTEM REVENUE BONDS
DESCRIPTION FISCAL YEAR INTEREST PRINCIPAL
OF MATURITY RATE AMOUNT
OUTSTANDING
2011 REFUNDING BONDS 2021 3.47% TO 3.47% $365,000
TOTAL $365,000
ANNUAL REQUIREMENTS
FISCAL YEAR PRINCIPAL INTEREST TOTAL
CURRENT YEAR 2019 $115,000 $10,670 $125,670
MAXIMUM YEAR 2020 $125,000 $6,506 $131,506
AVERAGE ANNUAL DEBT SERVICE $128,115
BOND REPAYMENT INFORMATION
Revenue bonds issued by the City of Colleyville are payable from revenue received from
residential and commercial drainage utility fees and interest income.
The coverage ratio for the City's Drainage Revenue Bonds is 1.25 times average annual debt service.
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