Page 302 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2007 Certificate of Obligation ($3,400,000)

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

2024 $ 960,000 $225,000 4.11% $34,832 $259,832
2025 $ 735,000 $235,000 4.11% $25,379 $260,379
2026 $ 500,000 $245,000 4.11% $15,515 $260,515
2027 $ 255,000 $255,000 4.11% $5,240 $260,240

$960,000 $80,967 $1,040,967

Year Total Principal Interest
This Year's Requirement 2024 $259,832 $225,000 $34,832

Maximum Requirement 2026 $260,515 $245,000 $15,515
Total Outstanding Bonds $960,000
Total Original Issue $3,400,000
Issue Date 8/29/2007

For the purpose of paying contractual obligations of the City to be incurred for making permanent public
improvements and for other public purposes, to wit: (1) constructing, purchasing, renovating, and improving
the City’s public safety facilities, including police, fire, and emergency medical services, (2) constructing
street improvements (including utilities repair, replacement, and relocation) and drainage incidental thereto;
(3) the purchase of materials, supplies, equipment, machinery, land, rights-of-way for authorized needs and
purposes relating to public safety improvement purposes and street improvement purposes, and (4) the
payment of professional services related to the construction and financing of the aforementioned projects.

PRINCIPAL
$270,000 INTEREST
$260,000

$250,000
$240,000
$230,000
$220,000
$210,000
$200,000
2024 2025 2026 2027

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