Page 131 - Microsoft Word - Budget FY 19
P. 131
CITY OF FOREST HILL
General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2007 Certificates of Obligation ($2,700,000)
Supported by Interest & Sinking Fund
Debt
Year Ending Outstanding Interest
Sept. 30 Oct. 1 Principal Rate Interest Total
2019 1,435,000 135,000 4.140% 56,615 191,615
2020 1,300,000 140,000 4.140% 50,922 190,922
2021 1,160,000 145,000 4.140% 45,023 190,023
2022 1,015,000 150,000 4.140% 38,916 188,916
2023 865,000 160,000 4.140% 32,499 192,499
2024 705,000 165,000 4.140% 25,772 190,772
2025 540,000 175,000 4.140% 18,734 193,734
2026 365,000 180,000 4.140% 11,385 191,385
2027 185,000 185,000 4.140% 3,829 188,829
$ 1,435,000 $ 283,695 $ 1,718,695
Total Outstanding Bonds $1,560,000
Total Original Issue $2,700,000
Issue Date 9/20/2007
Next Call Date Non‐callable
Use of Proceeds: construction of, land, streets, also paying any legal, engineering
and/ or professional fees in accordance with these projects
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