Page 203 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

W/S Debt Service Fund

Annual Debt Service Requirement
Series 2022 Certificates of Obligation ( $545,000)

DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $225,000 $110,000 4.000% $6,800 $116,800
2027 $115,000 $115,000 4.000% $2,300 $117,300
$225,000 $9,100 $234,100

Year Total Principal Interest
This Year's Requirement 2026 $116,800 $110,000 $6,800
Maximum Requirement 2027 $117,300 $115,000 $2,300
Total Outstanding Bonds $225,000
Total Original Issue $545,000
Issue Date 8/15/2022
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.

$118,000 INTEREST PRINCIPAL
$116,000
$114,000
$112,000
$110,000
$108,000
$106,000
2026 2027

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