Page 302 - Watauga FY22-23 Budget

General Fund Debt Service Requirements to Maturity
as of October 1, 2022
DEBT
YEAR ENDING OUTSTANDING
SEPT. 30 OCT. 1 PRINCIPAL INTEREST TOTAL
2023 $24,670,000 $2,845,000 $770,348 $3,615,348
2024 $21,825,000 $1,800,000 $645,542 $2,445,542
2025 $20,025,000 $1,805,000 $582,206 $2,387,206
2026 $18,220,000 $1,750,000 $522,334 $2,272,334
2027 $16,470,000 $1,560,000 $464,065 $2,024,065
2028 $14,910,000 $1,230,000 $414,403 $1,644,403
2029 $13,680,000 $1,270,000 $374,121 $1,644,121
2030 $12,410,000 $1,280,000 $337,406 $1,617,406
2031 $11,130,000 $1,240,000 $303,097 $1,543,097
2032 $9,890,000 $1,240,000 $269,803 $1,509,803
2033 $8,650,000 $1,270,000 $235,812 $1,505,812
2034 $7,380,000 $1,310,000 $200,529 $1,510,529
2035 $6,070,000 $1,210,000 $166,038 $1,376,038
2036 $4,860,000 $1,240,000 $132,659 $1,372,659
2037 $3,620,000 $905,000 $101,400 $1,006,400
2038 $2,715,000 $940,000 $72,163 $1,012,163
2039 $1,775,000 $545,000 $49,238 $594,238
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

$24,670,000 $5,696,676 $30,366,676

Year Total Principal Interest

This Year's Requirement 2023 $3,615,348 $2,845,000 $ 770,348
Maximum Requirement 2023 $3,615,348 $2,845,000 $770,348

$4,000,000

$3,500,000 INTEREST
PRINCIPAL
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0

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