Page 150 - Saginaw FY20 Annual Budget
P. 150
CITY OF SAGINAW
SUMMARY OF DEBT SERVICE EXPENDITURES
2019-2020
BUDGET BUDGET
ACCOUNT DESCRIPTION 2018-2019 2019-2020
Bond Principal Payment $ 2,495,000 $ 2,555,000 (1)
Principal Payment - Tax Note 0 430,000
Bond Interest Payment 886,610 830,045
Interest Payment - Tax Note - 23,750
Paying Agent Fees 6,000 6,000
Arbitrage Expense 5,000 5,000
Debt Issuance Cost - -
Other Financing Uses - Refunding - -
TOTALS $ 3,392,610 $ 3,849,795
(1) This represents the scheduled bond principal payment for the fiscal year.
Outstanding principal balance at 9-30-20 $27,235,000
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