Page 81 - Forest Hill FY21 Annual Budget

Aunual Debt Services Requirements Schedule

Annual Debt Service Requirement
Series 2007 Certificates of Obligation ($2,700,000)
Supported bv Interest & Sinking Ad Valorem Taxes

Ending Debt Outstanding
Sept. 30 Oct. I Principal r nterest Rate Interest Total
2021 I , 160,000 145,000 4.140% 45,023 190,023
2022 1,0 I 5,000 150,000 4.140% 38,916 188,916
2023 865,000 160,000 4.140% 32,499 192,499
2024 705,000 165,000 4.140% 25,772 I 90,772
2025 540,000 175,000 4.140% 18,734 193,734
2026 365,000 180,000 4.140% 11,385 191,385
2027 185,000 185,000 4.140% 3,830 188,830
Total I, 160,000 176,159 1,336,159

Total Bonds Outstanding I, 160,000
Total Original Issue 2,700,000
Issue Date 9/20/2007

Next Call Date Callable on any date at par plus prepayment fee
Use of proceeds: Construction of land, streets, and payment of legal, engineering, and/or
professional fees associated with these projects.

Annual Debt Service Requirement
Series 2009 Certificates of Obligation ($2,350,000)
Supported bv Interest & Sinking Ad Valorem Taxes

Ending Debt Outstanding
Sept. 30 Oct. I Principal Interest Rate Interest Total
2021 700,000 90,000 4.000% 27,381 117,381
2022 610,000 95,000 4.000% 23,681 118,68 I
2023 515,000 I 00,000 4.000% 19,781 119,781
2024 415,000 I 00,000 4.000% 15,781 115,781
2025 315,000 I 00,000 4.000% 11,594 111,594
2026 215,000 I 05,000 4.000% 7,109 112,109
2027 110,000 110,000 4.000% 2,406 112,406
Total 700,000 107,733 807,733

Total Bonds Outstanding 790,000
Total Original fssue 2,350,000
Issue Date 9/20/2007
Next Call Date Callable 2/1/20 I 8 at par
Use of proceeds: Construction of recreation center, streets, parks, technology and
payment of legal, engineering, and/or professional fees associated with these projects.
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