Page 205 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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W/S Debt Service Fund ‐ 44
Annual Debt Service Requirement ‐ Utility (44)
Series 2020 Certificate of Obligation (2011 REF) $7,365,000
DEBT
YEAR ENDING OUTSTANDING Interest
SEPT. 30 OCT. 1 PRINCIPAL Rate INTEREST TOTAL
2026 $235,000 $235,000 1.17% $1,375 $236,375
$235,000 $1,375 $236,375
Total Outstanding Bonds $235,000
Total Original Issue $7,365,000
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
Year Total Principal Interest
This Year's Requirement 2026 $236,375 $235,000 $1,375
Maximum Requirement 2026 $236,375 $235,000 $1,375
PRINCIPAL INTEREST
$236,500
$236,000
$235,500
$235,000
$234,500
$234,000
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