Page 133 - Microsoft Word - Budget FY 19
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CITY OF FOREST HILL
General Obligation Debt Service Fund
Annual Debt Service Requirement (57.00%)
Series 2011 General Obligation Refunding Bonds ($2,950,000)
Supported by Interest & Sinking Fund
Debt
Year Ending Outstanding Interest
Sept. 30 Oct. 1 Principal Rate Interest Total
2019 815,100 173,850 3.00% 21,845 195,695
2020 641,250 176,700 3.00% 16,587 193,287
2021 464,550 182,400 3.00% 11,201 193,601
2022 282,150 188,100 3.00% 5,643 193,743
2023 94,050 94,050 3.00% 1,411 95,461
TOTAL $815,100 $56,687 $871,787
Total Outstanding Bonds $815,100
Total Original Issue $1,681,500
Issue Date 12/29/2011
Next Call Date 2/1/2020
Use of Proceeds: Refunding of higher interest bonds
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