Page 318 - CityofWataugaAdoptedBudgetFY25
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General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2020 Certificates of Obligation Tax Note ( $450,000 )
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $100,000 $100,000 3.500% $1,750 $101,750
$100,000 $1,750 $101,750
Year Total Principal Interest
This Year's Requirement 2025 $101,750 $100,000 $1,750
Maximum Requirement 2025 $101,750 $100,000 $1,750
Total Outstanding Bonds $100,000
Total Original Issue $450,000
Issue Date 2/5/2020
Proceeds to be used for design of Fire Station Restroom renovation and purchase of ambulance.
$102,000 INTEREST PRINCIPAL
$101,500
$101,000
To pay for acquisition, improvements and extensions to the Water/Sewer System and payment of
$100,500
$100,000
$99,500
$99,000
2025
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