Page 179 - GFOA Draft 2
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CITY OF SAGINAW
SUMMARY OF DEBT SERVICE EXPENDITURES
2022-2023
BUDGET BUDGET
ACCOUNT DESCRIPTION
2021-2022 2022-2023
Bond Principal Payment $ 2,935,000 $ 3,195,000
Principal Payment - Tax Note 225,000 230,000
Bond Interest Payment 1,521,720 2,798,525
Interest Payment - Tax Note 14,665 11,480
Paying Agent Fees 6,000 7,000
Arbitrage Expense 10,000 10,000
Debt Issuance Cost - -
Other Financing Uses - -
TOTALS $ 4,712,385 $ 6,252,005
(1) This represents the scheduled bond principal payment for the fiscal year. $ 66,035,00
Outstanding principal balance at 9-30-23
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