Page 295 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement - GF (03)

Series 2020 Certificate of Obligation (2011 REF) $7,365,000

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

2024 $345,000 $115,000 1.17% $3,364 $118,364
2025 $230,000 $115,000 1.17% $2,018 $117,018
2026 $115,000 $115,000 1.17% $673 $115,673
$345,000 $6,055 $351,055

Total Outstanding Bonds $345,000
Total Original Issue $4,585,000
Issue Date 7/27/2011

For the purpose of paying contractual obligations of the City to be incurred for making permanent
public improvements and for other public purposes, to wit: (1) constructing, acquiring, purchasing,
renovating, enlarging , and improving the System, (2) constructing street improvements
(including utility repair, replacement, and relocation), curb, gutters, and sidewalk improvements,
(3) constructing, renovating, and improving various City facilities, (4) purchasing a new fire truck,
public safety vehicles and ambulance vehicles.
Year Total Principal Interest

This Year's Requirement 2024 $118,364 $115,000 $3,364

Maximum Requirement 2024 $118,364 $115,000 $3,364

$119,000
PRINCIPAL INTEREST
$118,000

$117,000
$116,000

$115,000
$114,000

$113,000

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