Page 86 - Forest Hill FY22 Annual Budget
P. 86
Annual Debt Service Requirement
Series 2014 Certificates of Obligation ($2,365,000)
Supported bv Communin, Development Fund
Ending Debt Outstanding
Sept. 30 Oct. 1 Principal Interest Rate Interest Total
2021 765,000 150,000 2.458% 16,946 166,946
2022 615,000 150,000 2.458% 13,262 163,262
2023 515,000 145,000 2.458% 9,640 154,640
2024 415,000 155,000 2.458% 5,956 160,956
2025 315,000 165,000 2.458% 2,026 167,026
Total 765,000 47,830 812,830
Total Bonds Outstanding 915,000
Total Original Issue 2,365,000
Issue Date 3/13/2014
Next Call Date Callable 9/1/19 at par
Use of proceeds: Refunding of higher interest bonds
Annual Debt Service Requirement (57%)
Series 2011 Certificates of Obligation ($2,950,000)
Supported by Interest & Sinking Ad Valorcm Taxes
Ending Debt Outstanding
Sept. 30 Oct. 1 Principal Interest Rate Interest Total
2021 464,550 182,400 3.000% 11,200 193,600
2022 282,150 188,100 3.000% 5,643 193,743
2023 94,050 94,050 3.000% 1,411 95,461
Total 464,550 18,254 482,804
Total Bonds Outstanding 641,250
Total Original Issue 1,681,500
Issue Date 12/29/2011
Next Call Date Callable 2/1/2020 at par
Use of proceeds: Refunding of higher interest bonds
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