Page 308 - Watauga FY22-23 Budget
P. 308
General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2020 Certificates of Obligation Tax Note ( $450,000 )
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2023 $285,000 $90,000 3.500% $8,400 $98,400
2024 $195,000 $95,000 3.500% $5,163 $100,163
2025 $100,000 $100,000 3.500% $1,750 $101,750
$285,000 $15,313 $300,313
Year Total Principal Interest
This Year's Requirement 2023 $98,400 $90,000 $8,400
Maximum Requirement 2025 $101,750 $100,000 $1,750
Total Outstanding Bonds $285,000
Total Original Issue $450,000
Issue Date 2/5/2020
Proceeds to be used for design of Fire Station Restroom renovation and purchase of ambulance.
$104,000 INTEREST PRINCIPAL
$102,000
$100,000
$98,000
$96,000
$94,000
$92,000
$90,000
$88,000
$86,000
$84,000
2023 2024 2025
299
