Page 284 - Grapevine FY22 Adopted Budget v2

GENERAL OBLIGATION DEBT SERVICE REQUIREMENTS

Fiscal Less W&S Less TIF #2 Less Hotel Total Debt
Year Outstanding Debt (1) The Taxable Bonds (2) The Certificates (3) Total Self- Self- Occupancy Tax Less Self- % of
Ended Debt Supporting Supporting Self-Supporting Supporting Principal
9/30 Principal Interest Principal Interest Principal Interest Requirements Requirements Requirements Requirements Requirements Retired

2021 $ 11,300,000 $ 5,593,951 $ - $ - $ - $ - $ 16,893,951 $ 1,119,619 $ 2,300,600 $ 998,850 $ 12,474,882
2022 10,400,000 3,342,788 640,000 614,613 375,000 275,206 15,647,607 666,688 2,295,100 658,675 12,027,145
2023 9,645,000 2,906,256 625,000 632,743 375,000 277,875 14,461,874 661,531 2,295,350 659,425 10,845,567
2024 6,445,000 2,553,063 3,930,000 587,193 390,000 264,450 14,169,705 659,556 2,300,850 659,400 10,549,899
2025 6,710,000 2,308,050 4,045,000 507,443 405,000 248,550 14,224,043 666,056 2,308,000 658,625 10,591,361 34.43%
2026 6,995,000 2,051,544 4,145,000 441,086 420,000 232,050 14,284,680 670,756 2,308,050 667,650 10,638,224
2027 4,585,000 1,776,256 4,230,000 394,030 435,000 214,950 11,635,236 667,456 - 665,725 10,302,055
2028 4,390,000 1,581,181 4,315,000 350,226 455,000 197,150 11,288,558 667,256 - 509,600 10,111,701
2029 4,575,000 1,392,613 4,410,000 301,113 475,000 178,550 11,332,275 660,694 - 510,000 10,161,581

2030 4,235,000 1,225,519 4,505,000 243,118 495,000 159,150 10,862,786 671,719 - 10,191,067 64.73%
2031 4,175,000 1,082,144 4,615,000 178,124 510,000 141,600 10,701,868 660,381 - - 10,041,486
2032 4,325,000 947,475 4,705,000 109,378 525,000 126,075 10,737,928 662,831 - - 10,075,096
2033 4,450,000 812,641 4,780,000 37,045 540,000 110,100 10,729,786 659,375 - - 10,070,411
2034 4,600,000 671,206 - - 560,000 93,600 5,924,806 664,922 - - 5,259,884

2035 4,735,000 523,678 - - 570,000 79,500 5,908,178 650,000 - - 5,258,178 89.07%
2036 4,185,000 380,819 - - 585,000 67,950 5,218,769 - - - 5,218,769
2037 4,315,000 242,659 - - 595,000 56,150 5,208,809 - - - 5,208,809
2038 3,845,000 108,913 - - 610,000 44,100 4,608,013 - - - 4,608,013
2039 1,510,000 22,650 - - 620,000 31,800 2,184,450 - - - 2,184,450
2040 - - - - 635,000 19,250 654,250 - - - 654,250 99.60%
2041 - - - - 645,000 6,450 651,450 - - - 651,450 100.00%
$ 105,420,000 $ 29,523,404 $ 44,945,000 $ 4,396,110 $ 10,220,000 $ 2,824,506 $ 197,329,020 $ 10,408,842 $ 13,807,950 $ 5,987,950 $ 167,124,279

(1) "Outstanding Debt" does not include lease/purchase Obligations or the Refunded Obligations, includes self-supporting debt that is secured by a pledge of ad valorem taxes.
(2) Average life of the issue – 6.957 years. Interest on the Taxable Bonds shown on page 2 hereof.
(3) Average life of the issue - 10.947 years. Interest on the Certificates shown on page 4 hereof.