Page 437 - NRH FY20 Approved Budget

DEBT SERVICE FUNDS

General Obligation Bonds, 2018 – In 2018, General Obligation bonds were issued totaling $550,000 in new
money for street projects.

General Obligation Refunding Bonds 2018 – In 2018, General Obligation bonds, totaling $6,965,000 were issued
to refund portions of the Certificates of Obligation 2009, the General Obligation Refunding and Improvement
Bonds, 2008.and the General Obligation Refunding and Improvement Bonds, 2009.

Certificates of Obligation, 2017 – In 2017, $7,545,000 in Certificates of Obligation were issued for street
maintenance, improvements to Northfield Park, and three (3) new fire vehicles.

General Obligation Refunding Bonds 2016 – In 2016, General Obligation bonds were issued totaling $1,695,000
in a private placement. This issue refunded portions of the Certificates of Obligation, 2007 and the General
Obligation Refunding and Improvement Bonds, 2007.

General Obligation Refunding Bonds 2014 – In 2014, General Obligation bonds were issued totaling
$10,835,000. Of this amount, $225,000 was for the emergency operations center in the new city hall. These
projects were adopted in 2003 bond elections. Also issued in 2014 are refunding bonds in the amount of $10.6
million.

Certificates of Obligation, 2014 – In 2014, $21,990,000 in Certificates of Obligation were issued for capital
equipment, new city hall facility construction, and construction of animal control facility.

General Obligation Refunding Bonds 2013 – In 2013, $17,110,000 General Obligation bonds were issued for
street improvements, drainage improvements, animal adoption center facility, and the new city hall facility. These
projects were adopted in 2003 and 2012 bond elections. Also issued in 2013 are refunding bonds in the amount
of $4.2 million.

Certificates of Obligation, 2013 – In 2013, $7,560,000 in Certificates of Obligation were issued for capital
equipment, new street construction (City Pointe Drive), and construction of animal control facility.

General Obligation Bonds, 2012 – In 2013, $10,000,000 in General Obligations bonds were issued for 2012
Bond Election Municipal Facilities Project and 2003 Bond election streets and drainage projects.

General Obligation Refunding Bonds, 2012 – In 2012, $2,884,934 General Obligation refunding bonds were
issued for street and drainage improvements, which were a part of the 2003 bond election.

General Obligation Bonds, 2012 – In 2012, $25,830,000 in General Obligations bonds were issued for 2012
Bond Election Municipal Facilities Project and 2003 Bond election streets and drainage projects.

General Obligation Refunding Bonds, 2011 – In 2011, $2,130,000 General Obligation refunding bonds were
issued for street and drainage improvements, which were a part of the 2003 bond election.

Certificates of Obligation, 2011 – In 2011, $945,000 in Certificates of Obligation were issued for capital
equipment, and two drainage projects.

General Obligation Bonds, 2010 – In 2010, $5,850,000 in General Obligation bonds were issued for street and
drainage improvements, which were a part of the 2003 bond election.

Certificates of Obligation, 2010 – In 2010, $2,910,000 in Certificates of Obligation were issued for ambulance
equipment and five street and drainage projects.

433