Page 187 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2025 Certificates of Obligation ( $8,838,000) (Est.)
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $8,838,000 $664,000 5.0% $220,000 $884,000
2027 $8,174,000 $596,000 5.0% $298,000 $894,000
2028 $7,578,000 $515,000 5.0% $282,000 $797,000
2029 $7,063,000 $586,000 5.0% $313,000 $899,000
2030 $6,477,000 $557,000 5.0% $298,000 $855,000
2031 $5,920,000 $531,000 5.0% $282,000 $813,000
2032 $5,389,000 $505,000 5.0% $265,000 $770,000
2033 $4,884,000 $481,000 5.0% $247,000 $728,000
2034 $4,403,000 $457,000 5.0% $230,000 $687,000
2035 $3,946,000 $435,000 5.0% $214,000 $649,000
2036 $3,511,000 $414,000 5.0% $198,000 $612,000
2037 $3,097,000 $394,000 5.0% $182,000 $576,000
2038 $2,703,000 $375,000 5.0% $162,000 $537,000
2039 $2,328,000 $358,000 5.0% $145,000 $503,000
2040 $1,970,000 $340,000 5.0% $128,000 $468,000
2041 $1,630,000 $324,000 5.0% $112,000 $436,000
2042 $1,306,000 $308,000 5.0% $94,000 $402,000
2043 $998,000 $293,000 5.0% $74,000 $367,000
2044 $705,000 $279,000 5.0% $58,000 $337,000
2045 $426,000 $276,000 5.0% $44,000 $320,000
$8,688,000 $3,846,000 $12,534,000
Year Total Principal Interest
This Year's Requirement 2026 $974,000 $664,000 $310,000
Maximum Requirement 2026 $974,000 $664,000 $310,000
Total Outstanding Bonds $8,688,000
Total Original Issue $10,338,000
Issue Date 9/1/2025
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 ambulance (5) the various street
projects (6)engineering on Public Works project; and (7) water main replacement/repair.
$800,000 INTEREST PRINCIPAL
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045
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