Page 297 - CityofWataugaAdoptedBudgetFY24

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
2024 $195,000 $95,000 3.500% $5,163 $100,163
2025 $100,000 $100,000 3.500% $1,750 $101,750

$195,000 $6,913 $201,913

Year Total Principal Interest

This Year's Requirement 2024 $100,163 $95,000 $5,163
Maximum Requirement 2025 $101,750 $100,000 $1,750
Total Outstanding Bonds $195,000
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
To pay for acquisition, improvements and extensions to the Water/Sewer System and payment of
$96,000
$94,000
$92,000
$90,000
2024 2025

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