Page 310 - CityofWataugaAdoptedBudgetFY24

W/S Debt Service Fund - 44

Annual Debt Service Requirement - Utility (44)

Series 2020 Certificate of Obligation (2011 REF) $7,365,000

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

2024 $695,000 $225,000 1.17% $6,815 $231,815
2025 $470,000 $235,000 1.17% $4,124 $239,124
2026 $235,000 $235,000 1.17% $1,375 $236,375
$695,000 $12,314 $707,314

Total Outstanding Bonds $695,000
Total Original Issue $7,365,000
Issue Date 7/27/2011

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, renovating, and improving
various City facilities, (4) purchasing a new fire truck, public safety vehicles and

Year Total Principal Interest

This Year's Requirement 2024 $231,815 $225,000 $6,815

Maximum Requirement 2025 $239,124 $235,000 $4,124

PRINCIPAL INTEREST
$245,000
$240,000

$235,000
$230,000

$225,000
$220,000

$215,000

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