Page 192 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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General Obligation Debt Service Fund
Annual Debt Service Requirement ‐ GF (03)
Series 2020 Certificate of Obligation (2011 REF) $7,365,000
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $115,000 $115,000 1.17% $673 $115,673
$115,000 $673 $115,673
Total Outstanding Bonds $115,000
Total Original Issue $4,585,000
Issue Date 7/27/2011
For the purpose of paying contractual obligations of the City to be incurred for making permanent
public improvements and for other public purposes, to wit: (1) constructing, acquiring, purchasing,
renovating, enlarging , and improving the System, (2) constructing street improvements (including
utility repair, replacement, and relocation), curb, gutters, and sidewalk improvements, (3)
constructing, renovating, and improving various City facilities, (4) purchasing a new fire truck,
public safety vehicles and ambulance vehicles.
Year Total Principal Interest
This Year's Requirement 2026 $115,673 $115,000 $673
Maximum Requirement 2026 $115,673 $115,000 $673
$115,800
PRINCIPAL
$115,600 INTEREST
$115,400
$115,200
$115,000
$114,800
$114,600
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