Page 321 - City of Watauga FY22 Adopted Budget

General Obligation Debt Service Fund

Annual Debt Service Requirement

Series 2013 Certificates of Obligation (2003/2005 REF)
$5,000,000

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL

2022 $385,000 $195,000 2.25% $6,469 $201,469
2023 $190,000 $190,000 2.25% $2,138 $192,138

$385,000 $8,606 $393,606

Year Total Principal Interest

This Year's Requirement 2022 $201,469 $195,000 $6,469

Maximum Requirement 2022 $201,469 $195,000 $6,469

Total Outstanding Bonds $385,000
Total Original Issue $5,000,000
Issue Date 8/1/2005

Constructing, purchasing, renovating, and improving the City's public safety facilities' for police,
fire, emergency medical, and animal control services. To pay for the expansion of the City's
library facility, as well as the construction of street, curb, and sidewalk improvements, including
utilities repair, replacement, and relocation as well as incidental drainage related to sidewalk
construction.

INTEREST
PRINCIPAL
$204,000
$202,000
$200,000
$198,000
$196,000
$194,000
$192,000
$190,000
$188,000
$186,000
$184,000
2022 2023

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