Page 299 - Watauga FY22-23 Budget

All Debt Service Requirements to Maturity
(Gen. Fund & Water)
as of October 1, 2022
DEBT
YEAR ENDING OUTSTANDING
SEPT. 30 OCT. 1 PRINCIPAL INTEREST TOTAL

2023 $43,825,000 $4,125,000 $1,293,780 $5,418,780
2024 $39,700,000 $3,120,000 $1,126,093 $4,246,093
2025 $36,580,000 $3,165,000 $1,023,778 $4,188,778
2026 $33,415,000 $3,155,000 $923,419 $4,078,419
2027 $30,260,000 $2,915,000 $816,388 $3,731,388
2028 $27,345,000 $2,460,000 $718,051 $3,178,051
2029 $24,885,000 $2,540,000 $638,169 $3,178,169
2030 $22,345,000 $2,585,000 $567,379 $3,152,379
2031 $19,760,000 $2,580,000 $500,369 $3,080,369
2032 $17,180,000 $2,605,000 $435,925 $3,040,925
2033 $14,575,000 $2,185,000 $374,934 $2,559,934
2034 $12,390,000 $2,250,000 $316,464 $2,566,464
2035 $10,140,000 $2,175,000 $257,498 $2,432,498
2036 $7,965,000 $2,230,000 $198,657 $2,428,657
2037 $5,735,000 $1,920,000 $141,011 $2,061,011
2038 $3,815,000 $1,485,000 $91,816 $1,576,816
2039 $2,330,000 $1,100,000 $55,828 $1,155,828
2040 $1,230,000 $565,000 $32,888 $597,888
2041 $665,000 $435,000 $17,450 $452,450
2042 $230,000 $230,000 $5,175 $235,175

$43,825,000 $9,535,070 $53,360,070

Year Total Principal Interest
This Year's Requirement 2023 $5,418,780 $4,125,000 $ 1,293,780
Maximum Requirement 2023 $5,374,715 $4,125,000 $ 1,249,715

$6,000,000 INTEREST
PRINCIPAL
$5,000,000
$4,000,000

$3,000,000
$2,000,000

$1,000,000

$0

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