Page 91 - CityofLakeWorthFY26AdoptedBudget

CITY OF LAKE WORTH

SCHEDULE OF DEBT PAYMENTS

2024 CERTIFICATES OF OBLIGATION
TOTAL DEBT ISSUED $22,925,000

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

2025 45,000 1,614,900 1,248,750 45,000 366,150
2026 380,000 1,074,350 210,000 832,500 170,000 241,850
2027 480,000 1,055,350 305,000 822,000 175,000 233,350
2028 505,000 1,031,350 320,000 806,750 185,000 224,600

2029 915,000 1,006,100 720,000 790,750 195,000 215,350 Budgeting for Fiscal Year End
2030 960,000 960,350 755,000 754,750 205,000 205,600 September 30, 2026
2031 1,005,000 912,350 790,000 717,000 215,000 195,350
2032 1,055,000 862,100 830,000 677,500 225,000 184,600 300 864 500 380,000
2033 1,115,000 809,350 875,000 636,000 240,000 173,350 300 865 500 1,074,350
2034 1,165,000 753,600 915,000 592,250 250,000 161,350 300 4928 (411,850)

2035 1,225,000 695,350 965,000 546,500 260,000 148,850 200 907 505 411,850
2036 1,285,000 634,100 1,010,000 498,250 275,000 135,850
2037 1,350,000 569,850 1,060,000 447,750 290,000 122,100
2038 1,420,000 502,350 1,115,000 394,750 305,000 107,600

2039 1,490,000 431,350 1,170,000 339,000 320,000 92,350
2040 1,565,000 356,850 1,230,000 280,500 335,000 76,350
2041 1,640,000 278,600 1,290,000 219,000 350,000 59,600
2042 1,705,000 213,000 1,340,000 167,400 365,000 45,600
2043 1,775,000 144,800 1,395,000 113,800 380,000 31,000
2044 1,845,000 73,800 1,450,000 58,000 395,000 15,800

Totals 22,925,000 13,979,850 17,745,000 10,943,200 5,180,000 3,036,650