Page 299 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2018 Certificates of Obligation ( $6,780,000 )

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2024 $4,905,000 $245,000 5.000% $174,465 $419,465
2025 $4,660,000 $255,000 5.000% $161,965 $416,965
2026 $4,405,000 $265,000 5.000% $148,965 $413,965
2027 $4,140,000 $285,000 5.000% $135,215 $420,215
2028 $3,855,000 $300,000 5.000% $120,590 $420,590
2029 $3,555,000 $310,000 3.000% $108,440 $418,440
2030 $3,245,000 $320,000 3.000% $98,990 $418,990
2031 $2,925,000 $325,000 3.000% $89,315 $414,315
2032 $2,600,000 $335,000 3.000% $79,415 $414,415
2033 $2,265,000 $350,000 3.000% $69,140 $419,140
2034 $1,915,000 $360,000 3.150% $58,220 $418,220
2035 $1,555,000 $370,000 3.250% $46,538 $416,538
2036 $1,185,000 $380,000 3.250% $34,350 $414,350
2037 $805,000 $395,000 3.500% $21,263 $416,263
2038 $410,000 $410,000 3.500% $7,175 $417,175

$4,905,000 $1,354,045 $6,259,045

Year Total Principal Interest
This Year's Requirement 2024 $419,465 $245,000 $174,465

Maximum Requirement 2028 $420,590 $300,000 $120,590
Total Outstanding Bonds $4,905,000
Total Original Issue $6,780,000
Issue Date 9/18/2018

Construct street improvements such as utilities repair, curb, gutters, sidewalk and drainage improvement.
Construct, improve, renovate existing municipal facilities including a splash pad and park trails. 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.

To pay for acquisition, improvements and extensions to the Water/Sewer System and payment of
INTEREST
PRINCIPAL
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038

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