Page 298 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2019 Certificates of Obligation ( $425,000 )

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2024 $180,000 $60,000 5.000% $5,700 $65,700
2025 $120,000 $60,000 2.000% $3,600 $63,600
2026 $60,000 $60,000 5.000% $1,500 $61,500

$180,000 $10,800 $190,800

Year Total Principal Interest
This Year's Requirement 2024 $65,700 $60,000 $5,700

Maximum Requirement 2024 $65,700 $60,000 $5,700
Total Outstanding Bonds $180,000
Total Original Issue $425,000
Issue Date 8/15/2019
Proceeds to be used for capital equipment. Proceeds can also be used for: construct street improvements
such as utilities repair, curb, gutters, sidewalk and drainage improvement. Construct, improve, renovate
existing municipal facilities or parks projects. Purchase of materials, supplies, equipment and land for
aforementioned capital improvements. Payment of professional services - design, construction, project
management, inspection & consultation of such capital improvements.

$67,000 INTEREST
To pay for acquisition, improvements and extensions to the Water/Sewer System and payment of
$66,000
PRINCIPAL
$65,000
$64,000
$63,000
$62,000
$61,000
$60,000
$59,000
$58,000
$57,000
2024 2025 2026

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