Page 316 - City of Watauga FY22 Adopted Budget
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General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2020 Certificates of Obligation Tax Note ( $450,000 )
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2022 $375,000 $90,000 3.500% $11,550 $101,550
2023 $285,000 $90,000 3.500% $8,400 $98,400
2024 $195,000 $95,000 3.500% $5,163 $100,163
2025 $100,000 $100,000 3.500% $1,750 $101,750
$375,000 $26,863 $401,863
Year Total Principal Interest
This Year's Requirement 2022 $101,550 $90,000 $11,550
Maximum Requirement 2025 $101,750 $100,000 $1,750
Total Outstanding Bonds $375,000
Total Original Issue $450,000
Issue Date 2/5/2020
Proceeds to be used for design of Fire Station Restroom renovation and purchase of ambulance.
$104,000 INTEREST PRINCIPAL
$102,000
$100,000
$98,000
$96,000
$94,000
$92,000
$90,000
$88,000
$86,000
$84,000
2022 2023 2024 2025
307
