Page 185 - CityofSaginawFY25Budget
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CITY OF SAGINAW
SUMMARY OF DEBT SERVICE EXPENDITURES
2024-2025
BUDGET BUDGET
ACCOUNT DESCRIPTION 2023-2024 2024-2025
Bond Principal Payment $ 3,350,000 $ 3,645,000 (1)
Principal Payment - Tax Note 230,000 235,000
Bond Interest Payment 3,498,035 3,091,900
Interest Payment - Tax Note 8,260 5,005
Paying Agent Fees 7,000 5,000
Arbitrage Expense 10,000 15,600
Debt Issuance Cost - -
Other Financing Uses - -
TOTALS $ 7,103,295 $ 6,997,505
(1) This represents the scheduled bond principal payment for the fiscal year.
Outstanding principal balance at 9-30-25 $74,165,000
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