Page 202 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

W/S Debt Service Fund

Annual Debt Service Requirement
Series 2024 Certificates of Obligation ( $3,380,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $3,255,000 $110,000 5.0% $137,950 $247,950
2027 $3,145,000 $115,000 5.0% $132,325 $247,325
2028 $3,030,000 $120,000 5.0% $126,450 $246,450
2029 $2,910,000 $125,000 5.0% $120,325 $245,325
2030 $2,785,000 $135,000 5.0% $113,825 $248,825
2031 $2,650,000 $140,000 5.0% $106,950 $246,950
2032 $2,510,000 $150,000 5.0% $99,700 $249,700
2033 $2,360,000 $155,000 5.0% $92,075 $247,075
2034 $2,205,000 $160,000 4.0% $85,000 $245,000
2035 $2,045,000 $170,000 4.0% $78,400 $248,400
2036 $1,875,000 $175,000 4.0% $71,500 $246,500
2037 $1,700,000 $185,000 4.0% $64,300 $249,300
2038 $1,515,000 $190,000 4.0% $56,800 $246,800
2039 $1,325,000 $200,000 4.0% $49,000 $249,000
2040 $1,125,000 $205,000 4.0% $40,900 $245,900
2041 $920,000 $215,000 4.0% $32,500 $247,500
2042 $705,000 $225,000 4.0% $23,700 $248,700
2043 $480,000 $235,000 4.0% $14,500 $249,500
2044 $245,000 $245,000 4.0% $4,900 $249,900
$3,255,000 $1,451,100 $4,706,100

Year Total Principal Interest

This Year's Requirement 2026 $247,950 $110,000 $137,950
Maximum Requirement 2044 $249,900 $245,000 $4,900

Total Outstanding Bonds $3,255,000
Total Original Issue $3,380,000
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).
$300,000 INTEREST PRINCIPAL
$250,000
$200,000
$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

202