Page 87 - Forest Hill FY22 Annual Budget
P. 87
Annual Debt Service Requirement (43%)
Series 2011 Certificates of Obligation ($2,950,000)
Supported by Interest & Sinking Ad Valorem Taxes
Year Debt Outstanding
Ending Oct. 1 Principal Interest Rate Interest Total
2021 350,450 137,600 3.000% 8,450 146,050
2022 212,850 141,900 3.000% 4,257 146,157
2023 70,950 70,950 3.000% 1,064 72,014
Total 350,450 13,771 364,221
Total Bonds Outstanding 483,750
Total Original Issue 1,268,500
Issue Date 12/29/2011
Next Call Date Callable 2/1/2020 at par
Use of proceeds: Refunding of higher interest bonds
Annual Debt Service Requirement Total
Series 2011 General Obligation Refunding Bonds ($2,950,000)
Supported bv Interest & Sinking Ad Valorem Taxes & Water Sewer Revenue
Year Debt
Ending Outstanding
Sept. 30 Oct. 1 Principal Interest Rate Interest Total
2021 815,000 320,000 3.000% 19,650 339,650
2022 495,000 330,000 3.000% 9,900 339,900
2023 165,000 165,000 3.000% 2,475 167,475
Total 815,000 32,025 847,025
Total Bonds Outstanding 1,125,000
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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