Page 316 - CityofWataugaAdoptedBudgetFY25
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General Obligation Debt Service Fund
Annual Debt Service Requirement - GF (03)
Series 2020 Certificate of Obligation (2011 REF) $7,365,000
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $230,000 $115,000 1.17% $2,018 $117,018
2026 $115,000 $115,000 1.17% $673 $115,673
$230,000 $2,691 $232,691
Total Outstanding Bonds $230,000
Total Original Issue $4,585,000
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 ambulance vehicles.
Year Total Principal Interest
This Year's Requirement 2025 $117,018 $115,000 $2,018
Maximum Requirement 2025 $117,018 $115,000 $2,018
$117,500
$117,000 PRINCIPAL INTEREST
$116,500
$116,000
$115,500
$115,000
$114,500
$114,000
$113,500
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