Page 308 - CityofWataugaAdoptedBudgetFY24

W/S Debt Service Fund 44

Annual Debt Service Requirement - Utility (44)

Series 2021 Certificate of Obligation (2012 REF) $7,730,000

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

2024 $3,835,000 $380,000 3.00% $100,000 $480,000
2025 $3,455,000 $385,000 3.00% $88,525 $473,525
2026 $3,070,000 $400,000 3.00% $76,750 $476,750
2027 $2,670,000 $415,000 3.00% $64,525 $479,525
2028 $2,255,000 $425,000 3.00% $51,925 $476,925
2029 $1,830,000 $440,000 3.00% $38,950 $478,950
2030 $1,390,000 $455,000 3.00% $25,525 $480,525
2031 $935,000 $465,000 2.00% $14,050 $479,050
2032 $470,000 $470,000 2.00% $4,700 $474,700

$3,835,000 $464,950 $4,299,950

Total Outstanding Bonds $3,835,000
Total Original Issue $7,730,000
Issue Date 8/27/2012

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, acquiring, purchasing, renovating,
enlarging, and improving the System, (2) constructing street improvements (including utility repair,
replacement, and relocation), curb, gutters, and sidewalk improvements, (3) constructing, acquiring,
purchasing, renovating, enlarging and improving the storm water and drainage system.

Year Total Principal Interest
This Year's Requirement 2024 $480,000 $380,000 $100,000

Maximum Requirement 2030 $480,525 $455,000 $25,525

$600,000 PRINCIPAL INTEREST
$500,000

$400,000
$300,000

$200,000
$100,000

$0

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