Page 314 - CityofWataugaAdoptedBudgetFY25

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2022 Certificates of Obligation ( $4,385,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $3,125,000 $200,000 4.0% $121,000 $321,000
2026 $2,925,000 $210,000 4.0% $112,800 $322,800
2027 $2,715,000 $215,000 4.0% $104,300 $319,300
2028 $2,500,000 $125,000 4.0% $97,500 $222,500
2029 $2,375,000 $130,000 4.0% $92,400 $222,400
2030 $2,245,000 $135,000 4.0% $87,100 $222,100
2031 $2,110,000 $140,000 4.0% $81,600 $221,600
2032 $1,970,000 $145,000 4.0% $75,900 $220,900
2033 $1,825,000 $150,000 4.0% $70,000 $220,000
2034 $1,675,000 $160,000 4.0% $63,800 $223,800
2035 $1,515,000 $165,000 4.0% $57,300 $222,300
2036 $1,350,000 $170,000 4.0% $50,600 $220,600
2037 $1,180,000 $180,000 4.0% $43,600 $223,600
2038 $1,000,000 $185,000 4.0% $36,300 $221,300
2039 $815,000 $195,000 4.0% $28,700 $223,700
2040 $620,000 $200,000 4.0% $20,800 $220,800
2041 $420,000 $210,000 4.0% $12,600 $222,600
2042 $210,000 $210,000 4.0% $4,200 $214,200
$3,125,000 $1,160,500 $4,285,500

Year Total Principal Interest
This Year's Requirement 2025 $321,000 $200,000 $121,000
Maximum Requirement 2026 $322,800 $210,000 $112,800
Total Outstanding Bonds $3,125,000
Total Original Issue $4,450,000
Issue Date 8/15/2022
Proceeds for contractual obligations of the City to be incurred for making permanent public improvements and purposes, to-wit: (1) constructing
street improvements, curbs, gutters, and sidewalk improvements, including drainage and traffic safety signalization and signage incidental thereto;
(2) constructing, acquiring, purchasing, renovating, enlarging, and improving the City’s utility system and public works facilities; (3) designing,
constructing, renovating, improving, and equipping the City’s parks and recreational facilities, including playground equipment; (4) the purchase of
materials, supplies, equipment, digital signage, machinery, landscaping, land, and rights-of-way for authorized needs and purposes relating to the
aforementioned capital improvements; (5) the purchase of fleet vehicles, technology improvements, HVAC improvements, public safety equipment,
and a motorcycle; and (6) payment for professional and employee services relating to the design, construction, project management, inspection,
consultant services, and financing of the aforementioned projects.
INTEREST
$350,000
$300,000 PRINCIPAL
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042

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