Page 149 - Saginaw FY19 Annual Budget
P. 149
CITY OF SAGINAW
SUMMARY OF DEBT SERVICE EXPENDITURES
2018-2019
BUDGET BUDGET
ACCOUNT DESCRIPTION 2017-2018 2018-2019
Bond Principal Payment $ 2,375,000 $ 2,495,000 (1)
Principal Payment - Ladder Truck 180,535 0
Bond Interest Payment 1,009,155 886,610
Interest Payment - Ladder Truck 3,015 -
Paying Agent Fees 5,000 6,000
Arbitrage Expense 5,000 5,000
Debt Issuance Cost - -
Other Financing Uses - Refunding - -
TOTALS $ 3,577,705 $ 3,392,610
(1) This represents the scheduled bond principal payment for the fiscal year.
Outstanding principal balance at 9-30-19 $28,220,000
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