Page 328 - CityofWataugaAdoptedBudgetFY25

W/S Debt Service Fund

Annual Debt Service Requirement
Series 2024 Certificates of Obligation ( $3,500,000) *EST
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $3,500,000 $105,071 5.0% $170,373 $275,444
2026 $3,394,929 $112,193 5.0% $164,557 $276,750
2027 $3,282,736 $111,568 5.0% $164,557 $276,125
2028 $3,171,168 $176,483 5.0% $98,767 $275,250
2029 $2,994,685 $217,765 5.0% $61,235 $279,000
2030 $2,776,920 $194,411 5.0% $82,964 $277,375
2031 $2,582,509 $191,056 5.0% $84,444 $275,500
2032 $2,391,453 $228,866 5.0% $49,384 $278,250
2033 $2,162,587 $226,241 5.0% $49,384 $275,625
2034 $1,936,346 $228,241 5.0% $49,384 $277,625
2035 $1,708,105 $224,866 5.0% $49,384 $274,250
2036 $1,483,239 $152,041 5.0% $123,459 $275,500
2037 $1,331,198 $152,791 5.0% $123,459 $276,250
2038 $1,178,407 $153,041 5.0% $123,459 $276,500
2039 $1,025,366 $152,791 5.0% $123,459 $276,250
2040 $872,575 $152,041 5.0% $123,459 $275,500
2041 $720,534 $150,791 5.0% $123,459 $274,250
2042 $569,743 $190,956 5.0% $86,419 $277,375
2043 $378,787 $188,456 5.0% $86,419 $274,875
2044 $190,331 $190,331 5.0% $86,419 $276,750
$3,500,000 $2,024,444 $5,524,444

Year Total Principal Interest

This Year's Requirement 2025 $275,444 $105,071 $170,373

Maximum Requirement 2029 $279,000 $217,765 $61,235
Total Outstanding Bonds $3,500,000
Total Original Issue $3,500,000
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).
$300,000 INTEREST 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 2043 2044

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