Page 188 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

General Obligation Debt Service Fund
Annual Debt Service Requirement
Series 2024 Certificates of Obligation ( $3,545,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $2,085,000 $50,000 5.0% $88,700 $138,700
2027 $2,035,000 $75,000 5.0% $85,575 $160,575
2028 $1,960,000 $80,000 5.0% $81,700 $161,700
2029 $1,880,000 $80,000 5.0% $77,700 $157,700
2030 $1,800,000 $85,000 5.0% $73,575 $158,575
2031 $1,715,000 $90,000 5.0% $69,200 $159,200
2032 $1,625,000 $95,000 5.0% $64,575 $159,575
2033 $1,530,000 $100,000 5.0% $59,700 $159,700
2034 $1,430,000 $105,000 4.0% $55,100 $160,100
2035 $1,325,000 $110,000 4.0% $50,800 $160,800
2036 $1,215,000 $115,000 4.0% $46,300 $161,300
2037 $1,100,000 $120,000 4.0% $41,600 $161,600
2038 $980,000 $125,000 4.0% $36,700 $161,700
2039 $855,000 $130,000 4.0% $31,600 $161,600
2040 $725,000 $135,000 4.0% $26,300 $161,300
2041 $590,000 $140,000 4.0% $20,800 $160,800
2042 $450,000 $145,000 4.0% $15,100 $160,100
2043 $305,000 $150,000 4.0% $9,200 $159,200
2044 $155,000 $155,000 4.0% $3,100 $158,100

$2,085,000 $937,325 $3,022,325

Year Total Principal Interest

This Year's Requirement 2026 $138,700 $50,000 $88,700

Maximum Requirement 2028 $161,700 $80,000 $81,700

Total Outstanding Bonds $2,085,000
Total Original Issue $3,545,000
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).

$180,000 INTEREST PRINCIPAL
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044

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