Page 509 - Bedford-FY22-23 Budget
P. 509
CAPITAL FUNDING PLAN
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Capital Project Total $ 400,000 $ 830,000 $ 2,222,600 $ 4,218,688 $ 0
Capital Funding via Debt
Principal $ 3,500,000 $ 0 $ 0 $ 4,220,000 $ 0
Term (Years) 20 20 20 20 20
Interest Rate 3.00% 3.00% 3.00% 3.00% 3.00%
New Annual P&I $ 235,255 $ 0 $ 0 $ 283,650 $ 0
P&I w/ 1.25x Coverage 294,069 0 0 354,563 0
Cumulative Incremental Debt $ 294,069 $ 294,069 $ 294,069 $ 648,632 $ 648,632
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