Page 300 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement

Series 2016 Certificates of Obligation ( $5,885,000 )

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

2024 $4,095,000 $270,000 3.000% $90,319 $360,319
2025 $3,825,000 $280,000 3.000% $82,069 $362,069
2026 $3,545,000 $290,000 3.000% $73,519 $363,519
2027 $3,255,000 $295,000 2.125% $66,034 $361,034
2028 $2,960,000 $300,000 2.125% $59,713 $359,713
2029 $2,660,000 $310,000 2.125% $53,231 $363,231
2030 $2,350,000 $315,000 2.125% $46,591 $361,591
2031 $2,035,000 $320,000 2.125% $39,844 $359,844
2032 $1,715,000 $330,000 2.125% $32,938 $362,938
2033 $1,385,000 $335,000 2.125% $25,872 $360,872
2034 $1,050,000 $345,000 2.125% $18,647 $363,647
2035 $705,000 $350,000 2.125% $11,263 $361,263
2036 $355,000 $355,000 2.125% $3,772 $358,772

$4,095,000 $603,809 $4,698,809

Year Total Principal Interest

This Year's Requirement 2024 $360,319 $270,000 $90,319

Maximum Requirement 2034 $363,647 $345,000 $18,647
Total Outstanding Bonds $4,095,000
Total Original Issue $5,885,000
Issue Date 9/28/2016
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.

$400,000 INTEREST PRINCIPAL
To pay for acquisition, improvements and extensions to the Water/Sewer System and payment
$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

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