2018-2019 Adopted Budget

Capital Improvements/Debt Service-Debt Service Fund

Summary of Outstanding Debt Issues As of June 30, 2018

Amount

Issue

Amount

Issue

Purpose

Issued

Date

Outstanding

SPECIAL OBLIGATION BONDS

Solid Waste Disposal Facilities

Solid Waste Transfer Station & Improvements

$8,400,000

2005

$1,535,000

CERTIFICATES OF PARTICIPATION*

Coliseum

Aquatic Center

$7,000,000

2010

$5,335,000

*Certificates of participation issued for Coliseumexpansion, including the Aquatic Center, will be repaid with Hotel/Motel Taxrevenues.

ANNUAL CERTIFICATES OF PARTICIPATION DEBT SERVICE

Fiscal Year 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 26-27 27-28 28-29 29-30 30-31

Principal

Interest

Total

315,000 330,000 340,000 355,000 370,000 385,000 400,000 415,000 435,000 460,000 485,000 510,000 535,000

246,975 234,375 221,175 207,575 193,375 178,575 165,100 149,100 127,313 104,475 80,325 54,863 28,088

561,975 564,375 561,175 562,575 563,375 563,575 565,100 564,100 562,313 564,475 565,325 564,863

563,088 TOTAL $5,335,000 $1,991,314 $7,326,314

The special obligation debt is funding the 2005 construction of the Solid Waste Transfer Station and various improvement therein.

ANNUAL SPECIAL OBLIGATION DEBT SERVICE

Fiscal Year 18-19 19-20

Principal

Interest

Total

750,000 785,000

76,750 39,250

826,750

824,250 TOTAL $1,535,000 $116,000 $1,651,000

Adopted FY 2018-19 Budget

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