Page 296 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2020 Certificates of Obligation ( $2,910,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2024 $2,475,000 $205,000 3.000% $52,250 $257,250
2025 $2,270,000 $155,000 3.000% $46,850 $201,850
2026 $2,115,000 $165,000 3.000% $42,050 $207,050
2027 $1,950,000 $170,000 3.000% $37,025 $207,025
2028 $1,780,000 $170,000 3.000% $31,925 $201,925
2029 $1,610,000 $175,000 3.000% $26,750 $201,750
2030 $1,435,000 $180,000 1.500% $22,775 $202,775
2031 $1,255,000 $120,000 1.500% $20,525 $140,525
2032 $1,135,000 $120,000 1.500% $18,725 $138,725
2033 $1,015,000 $120,000 1.500% $16,925 $136,925
2034 $895,000 $125,000 1.500% $15,088 $140,088
2035 $770,000 $125,000 1.500% $13,213 $138,213
2036 $645,000 $125,000 1.500% $11,338 $136,338
2037 $520,000 $125,000 2.000% $9,150 $134,150
2038 $395,000 $130,000 2.000% $6,600 $136,600
2039 $265,000 $130,000 2.000% $4,000 $134,000
2040 $135,000 $135,000 2.000% $1,350 $136,350

$2,475,000 $376,538 $2,851,538

Year Total Principal Interest

This Year's Requirement 2024 $257,250 $205,000 $52,250
Maximum Requirement 2024 $257,250 $205,000 $52,250
Total Outstanding Bonds $2,475,000
Total Original Issue $2,910,000
Issue Date 8/24/2020
Proceeds to be used for Fire Station Building renovations, street improvements, vehicles and equipment, and technology
enhancements, construction of an incubator restaurant site.

$300,000 INTEREST
$250,000
To pay for acquisition, improvements and extensions to the Water/Sewer System and payment of
PRINCIPAL
$200,000
$150,000
$100,000
$50,000
$0
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040

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