Page 157 - Saginaw FY22 Adopted Annual Budget
P. 157
CITY OF SAGINAW
GENERAL LONG TERM DEBT SERVICE REQUIREMENTS
2021-2022
DISBURSEMENT AMOUNT DISBURSEMENT AMOUNT
2020 General Obligation Refunding Bonds 2016 General Obligation Refunding Bonds
Principal $ 110,000 Principal $ 440,000
Interest 11,433 Interest 44,870
Total $ 121,433 Total $ 484,870
2013 General Obligation & Refunding Bonds 2017 General Obligation Bonds
Principal $ 460,000 Principal $ 330,000
Interest 216,581 Interest 199,350
Total $ 676,581 Total $ 529,350
2014 General Obligation Refunding Bonds 2019 Tax Note
Principal $ 225,000 Principal 225,000
Interest 13,632 Interest 14,665
Total $ 238,632 Total $ 239,665
2015 General Obligation Bonds 2019 General Obligation Refunding Bonds
Principal $ 350,000 Principal 420,000
Interest 160,300 Interest 17,278
Total $ 510,300 Total $ 437,278
2020 Certificates of Obligation 2021 General Obligation Bonds
Principal $ 100,000 Principal 500,000
Interest 640,700 Interest 258,917
Total $ 740,700 Total $ 758,917
TOTAL REQUIREMENTS
Principal $ 3,160,000
Interest 1,577,725
Fees 16,000
TOTAL $ 4,753,725
Explanation of Use for Debt Obligations
2015 GO Bonds - Bailey Boswell Overpass Project
2017 GO Bonds - Next phase of Bailey Boswell Overpass Project
2019 Tax Note - Land purchase for Fire Station, Library, and Senior Center; these funds are also for
playground and Police Department parking lot
2020 Certificates of Obligation - Sidewalk improvements, design of Knowles Dr., Fire Station design,
and miscellaneous roadway design
2021 GO Bonds - Design of Library and Senior Center, also funds construction of the 1st phase of
Knowles Dr.
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