Page 201 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

W/S Debt Service Fund
Annual Debt Service Requirement
Series 2025 Certificates of Obligation ( $1,500,000) (Est.)
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $1,500,000 $113,000 5.0% $74,000 $187,000
2027 $1,387,000 $109,000 5.0% $72,000 $181,000
2028 $1,278,000 $104,000 5.0% $69,000 $173,000
2029 $1,174,000 $99,000 5.0% $67,000 $166,000
2030 $1,075,000 $94,000 5.0% $64,000 $158,000
2031 $981,000 $90,000 5.0% $61,000 $151,000
2032 $891,000 $85,000 5.0% $59,000 $144,000
2033 $806,000 $81,000 5.0% $55,000 $136,000
2034 $725,000 $77,000 5.0% $52,000 $129,000
2035 $648,000 $73,000 5.0% $49,000 $122,000
2036 $575,000 $70,000 5.0% $45,000 $115,000
2037 $505,000 $68,000 5.0% $41,000 $109,000
2038 $437,000 $64,000 5.0% $37,000 $101,000
2039 $373,000 $61,000 5.0% $33,000 $94,000
2040 $312,000 $58,000 5.0% $29,000 $87,000
2041 $254,000 $56,000 5.0% $24,000 $80,000
2042 $198,000 $53,000 5.0% $20,000 $73,000
2043 $145,000 $51,000 5.0% $15,000 $66,000
2044 $94,000 $48,000 5.0% $9,800 $57,800
2045 $46,000 $46,000 5.0% $4,000 $50,000

$1,500,000 $879,800 $2,379,800

Year Total Principal Interest

This Year's Requirement 2026 $187,000 $113,000 $74,000
Maximum Requirement 2026 $187,000 $113,000 $74,000

Total Outstanding Bonds $1,500,000
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.

$200,000 INTEREST
PRINCIPAL
$150,000

$100,000

$50,000

$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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