Page 301 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2014 Certificates of Obligation ( $3,500,000 )

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2024 $1,225,000 $100,000 3.000% $39,875 $139,875
2025 $1,125,000 $100,000 3.000% $36,875 $136,875
2026 $1,025,000 $100,000 3.000% $33,875 $133,875
2027 $925,000 $105,000 3.500% $30,538 $135,538
2028 $820,000 $105,000 3.500% $26,863 $131,863
2029 $715,000 $110,000 3.500% $23,100 $133,100
2030 $605,000 $115,000 3.500% $19,163 $134,163
2031 $490,000 $115,000 3.500% $15,138 $130,138
2032 $375,000 $120,000 3.500% $11,025 $131,025
2033 $255,000 $125,000 3.500% $6,738 $131,738
2034 $130,000 $130,000 3.500% $2,275 $132,275

$1,225,000 $245,465 $1,470,465

Year Total Principal Interest

This Year's Requirement 2024 $139,875 $100,000 $39,875

Maximum Requirement 2024 $139,875 $100,000 $39,875

Total Outstanding Bonds $1,225,000
Total Original Issue $3,500,000
Issue Date 7/28/2014
Constructing street improvements such as utilities repair, curb, gutters, sidewalk and
drainage improvement. Demolish, construct, improve, renovate and enlarge parks and
recreation projects such as the Senior Center Facility. Purchase of materials, supplies,
equipment and land for Senior Center Facility. Payment of professional services related
to design, construction, project management, inspection & consultation of Senior Center
Facility.

INTEREST
$160,000 PRINCIPAL
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034

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