Page 189 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

General Obligation Debt Service Fund

Annual Debt Service Requirement
Series 2023 Certificates of Obligation ( $8,820,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $7,120,000 $295,000 5.0% $312,588 $607,588
2027 $6,825,000 $315,000 5.0% $297,338 $612,338
2028 $6,510,000 $325,000 5.0% $281,338 $606,338
2029 $6,185,000 $345,000 5.0% $264,588 $609,588
2030 $5,840,000 $360,000 5.0% $246,963 $606,963
2031 $5,480,000 $315,000 5.0% $230,088 $545,088
2032 $5,165,000 $330,000 5.0% $213,963 $543,963
2033 $4,835,000 $350,000 5.0% $196,963 $546,963
2034 $4,485,000 $365,000 5.0% $179,088 $544,088
2035 $4,120,000 $385,000 4.0% $160,338 $545,338
2036 $3,735,000 $405,000 4.0% $142,613 $547,613
2037 $3,330,000 $420,000 4.0% $126,113 $546,113
2038 $2,910,000 $435,000 4.0% $109,013 $544,013
2039 $2,475,000 $455,000 4.0% $91,213 $546,213
2040 $2,020,000 $475,000 4.0% $72,613 $547,613
2041 $1,545,000 $495,000 4.0% $53,213 $548,213
2042 $1,050,000 $515,000 4.1% $32,691 $547,691
2043 $535,000 $535,000 4.1% $11,034 $546,034
$7,120,000 $3,021,750 $10,141,750

Year Total Principal Interest
This Year's Requirement 2026 $607,588 $295,000 $312,588
Maximum Requirement 2027 $612,338 $315,000 $297,338
Total Outstanding Bonds $7,120,000
Total Original Issue $8,950,000
Issue Date 9/1/2023
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.
INTEREST
$700,000
$600,000 PRINCIPAL
$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

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