Page 311 - City of Watauga FY22 Adopted Budget

General Fund Debt Service Requirements to Maturity
as of October 1, 2021
DEBT
YEAR ENDING OUTSTANDING
SEPT. 30 OCT. 1 PRINCIPAL INTEREST TOTAL
2022 $22,890,000 $2,510,000 $632,058 $3,142,058
2023 $20,380,000 $1,850,000 $563,495 $2,413,495
2024 $18,530,000 $1,615,000 $505,967 $2,120,967
2025 $16,915,000 $1,600,000 $453,006 $2,053,006
2026 $15,315,000 $1,550,000 $400,972 $1,950,972
2027 $13,765,000 $1,340,000 $352,178 $1,692,178
2028 $12,425,000 $1,115,000 $311,341 $1,426,341
2029 $11,310,000 $1,150,000 $277,709 $1,427,709
2030 $10,160,000 $1,150,000 $247,894 $1,397,894
2031 $9,010,000 $1,105,000 $219,634 $1,324,634
2032 $7,905,000 $1,090,000 $191,790 $1,281,790
2033 $6,815,000 $1,120,000 $163,675 $1,283,675
2034 $5,695,000 $1,155,000 $134,417 $1,289,417
2035 $4,540,000 $1,045,000 $106,263 $1,151,263
2036 $3,495,000 $1,065,000 $79,647 $1,144,647
2037 $2,430,000 $730,000 $55,413 $785,413
2038 $1,700,000 $755,000 $33,463 $788,463
2039 $945,000 $350,000 $18,250 $368,250
2040 $595,000 $360,000 $10,038 $370,038
2041 $235,000 $235,000 $2,938 $237,938

$22,890,000 $4,760,145 $27,650,145

Year Total Principal Interest

This Year's Requirement 2022 $3,142,058 $2,510,000 $ 632,058
Maximum Requirement 2022 $3,142,058 $2,510,000 $632,058

$3,500,000

$3,000,000 INTEREST PRINCIPAL
$2,500,000
$2,000,000

$1,500,000
$1,000,000
$500,000

$0

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