Page 312 - CityofWataugaAdoptedBudgetFY25

General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2024 Certificates of Obligation ( $3,600,000) *EST

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $3,600,000 $1,450,000 4.5% $132,850 $1,582,850
2026 $2,150,000 $71,963 4.5% $85,112 $157,075
2027 $2,078,037 $68,813 4.5% $85,112 $153,925
2028 $2,009,224 $104,578 4.5% $51,085 $155,663
2029 $1,904,646 $120,616 4.5% $31,672 $152,288
2030 $1,784,030 $110,890 4.5% $42,910 $153,800
2031 $1,673,140 $111,411 4.5% $43,677 $155,088
2032 $1,561,729 $130,608 4.5% $25,542 $156,150
2033 $1,431,121 $126,558 4.5% $25,542 $152,100
2034 $1,304,563 $127,396 4.5% $25,542 $152,938
2035 $1,177,167 $128,008 4.5% $25,542 $153,550
2036 $1,049,159 $90,084 4.5% $63,854 $153,938
2037 $959,075 $90,246 4.5% $63,854 $154,100
2038 $868,829 $90,184 4.5% $63,854 $154,038
2039 $778,645 $89,896 4.5% $63,854 $153,750
2040 $688,749 $89,384 4.5% $63,854 $153,238
2041 $599,365 $88,646 4.5% $63,854 $152,500
2042 $510,719 $111,727 4.5% $44,698 $156,425
2043 $398,992 $110,315 4.5% $44,698 $155,013
2044 $288,677 $108,677 4.5% $44,698 $153,375

$3,420,000 $1,091,804 $4,511,804

Year Total Principal Interest

This Year's Requirement 2025 $1,582,850 $1,450,000 $132,850

Maximum Requirement 2025 $1,582,850 $1,450,000 $132,850

Total Outstanding Bonds $3,420,000
Total Original Issue $3,600,000
Issue Date 9/1/2024
Proceeds for contractual obligations of the City to be incurred for making permanent public improvements and purposes, to-wit: (1) parking lot
improvement project for Public Works; (2) park projects (3) building improvement projects (4) the purchase of fire engine; and (5) the AMI project
(Utility Fund).

INTEREST
$1,800,000
$1,600,000 PRINCIPAL
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044

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