Page 329 - CityofWataugaAdoptedBudgetFY25

W/S Debt Service Fund

Annual Debt Service Requirement
Series 2022 Certificates of Obligation ( $545,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2025 $345,000 $110,000 4.000% $11,200 $121,200
2026 $235,000 $110,000 4.000% $6,800 $116,800
2027 $125,000 $115,000 4.000% $2,300 $117,300
$335,000 $20,300 $355,300

Year Total Principal Interest

This Year's Requirement 2025 $121,200 $110,000 $11,200
Maximum Requirement 2025 $121,200 $110,000 $11,200

Total Outstanding Bonds $335,000
Total Original Issue $335,000
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.

$124,000 INTEREST PRINCIPAL
$122,000
$120,000
$118,000
$116,000
$114,000
$112,000
$110,000
$108,000
$106,000
$104,000
2025 2026 2027

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