Page 89 - CityofLakeWorthFY26AdoptedBudget

CITY OF LAKE WORTH

SCHEDULE OF DEBT PAYMENTS

2020 CERTIFICATES OF OBLIGATION
TOTAL DEBT ISSUED $5,615,000

Budget 2020 CO Total DS Funded WS Funded
Year Principal Interest Principal Interest Principal Interest

2021 290,000 187,484 145,000 86,886 145,000 100,598
2022 350,000 122,868 170,000 56,623 180,000 66,245
2023 370,000 112,368 185,000 51,523 185,000 60,845
2024 375,000 101,268 185,000 45,973 190,000 55,295

2025 390,000 90,018 195,000 40,423 195,000 49,595 Budgeting for Fiscal Year End
2026 400,000 78,318 200,000 34,573 200,000 43,745 September 30, 2026
2027 405,000 70,318 200,000 30,573 205,000 39,745
2028 415,000 62,218 205,000 26,573 210,000 35,645 300 862 500 400,000
2029 420,000 53,918 210,000 22,473 210,000 31,445 300 863 500 78,318
2030 435,000 45,518 220,000 18,273 215,000 27,245 300 4927 (243,745)

2031 160,000 36,817 60,000 13,872 100,000 22,945 200 906 505 243,745
2032 160,000 33,617 60,000 12,672 100,000 20,945
2033 170,000 30,417 65,000 11,472 105,000 18,945
2034 170,000 27,017 65,000 10,172 105,000 16,845

2035 175,000 23,617 65,000 8,872 110,000 14,745
2036 175,000 20,117 65,000 7,572 110,000 12,545
2037 185,000 16,617 70,000 6,272 115,000 10,345
2038 185,000 12,640 70,000 4,767 115,000 7,873
2039 190,000 8,662 70,000 3,262 120,000 5,400
2040 195,000 4,387 75,000 1,687 120,000 2,700

Totals 5,615,000 1,138,204 2,580,000 494,513 3,035,000 643,691