Page 132 - Microsoft Word - Budget FY 19
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CITY OF FOREST HILL
General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2009 Certificates of Obligation ($2,350,000)
Supported by Interest & Sinking Fund
Debt
Year Ending Outstanding Interest
Sept. 30 Oct. 1 Principal Rate Interest Total
2019 875,000 85,000 4.000% 56,615 141,615
2020 790,000 90,000 4.000% 50,922 140,922
2021 700,000 90,000 4.000% 45,023 135,023
2022 610,000 95,000 4.000% 38,916 133,916
2023 515,000 100,000 4.000% 32,499 132,499
2024 415,000 100,000 4.000% 25,772 125,772
2025 315,000 100,000 4.375% 18,734 118,734
2026 215,000 105,000 4.375% 11,385 116,385
2027 110,000 110,000 4.375% 3,829 113,829
$ 875,000 $283,695 $1,158,695
Total Outstanding Bonds $875,000
Total Original Issue $2,350,000
Issue Date 9/20/2007
Next Call Date non‐callable
Use of Proceeds: construction of recreation center, streets, parks, technology also paying any
legal, engineering and/or professional fees in accordance with these projects
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