Page 317 - Watauga FY22-23 Budget

W/S Certificate of Obligation Bonds

Debt Service Schedule

Requirements to Maturity
All Issues

DEBT
YEAR ENDING OUTSTANDING
SEPT. 30 OCT.1 PRINCIPAL INTEREST TOTAL

2023 $19,155,000 $1,280,000 $523,433 $1,803,433
2024 $17,875,000 $1,320,000 $480,550 $1,800,550
2025 $16,555,000 $1,360,000 $441,572 $1,801,572
2026 $15,195,000 $1,405,000 $401,085 $1,806,085
2027 $13,790,000 $1,355,000 $352,323 $1,707,323
2028 $12,435,000 $1,230,000 $303,648 $1,533,648
2029 $11,205,000 $1,270,000 $264,048 $1,534,048
2030 $9,935,000 $1,305,000 $229,973 $1,534,973
2031 $8,630,000 $1,340,000 $197,273 $1,537,273
2032 $7,290,000 $1,365,000 $166,123 $1,531,123
2033 $5,925,000 $915,000 $139,123 $1,054,123
2034 $5,010,000 $940,000 $115,935 $1,055,935
2035 $4,070,000 $965,000 $91,460 $1,056,460
2036 $3,105,000 $990,000 $65,998 $1,055,998
2037 $2,115,000 $1,015,000 $39,611 $1,054,611
2038 $1,100,000 $545,000 $19,653 $564,653
2039 $555,000 $555,000 $6,591 $561,591
$19,155,000 $3,838,395 $22,993,395

Year Total Principal Interest
This Year's Requirement 2023 $1,803,433 $1,280,000 $523,433

Maximum Requirement 2026 $1,806,085 $1,405,000 $401,085

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

$1,000,000

$500,000

$0
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039

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