2020 Comprehensive Annual Financial Report

the event of default, the City agrees to pay to the purchaser, on demand, interest on any and all amounts due and owing by the City under the related agreements.

Lease Purchase and Other Financing Agreements Debt Service Requirements to Maturity are:

Governmental Activities Annual Requirements (1)

Business-Type Activities Annual Requirements (1)

Total

Interest

Principal

Interest

Principal

Fiscal Year

2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

$ 5,190,066 $ 575,755 $

$

$ 5,765,821

4,797,470 2,505,099 1,715,844 1,588,762 1,642,009

348,558 226,813 149,246 90,546 32,149

5,146,028 2,731,912 1,865,090 1,679,308 1,674,158

$ 17,439,250 $ 1,423,067 $

$

$ 18,862,317

(1) Direct Placement Master Lease Agreements included are scheduled to mature as follows:

Governmental Activities Annual Requirements

Business-Type Activities Annual Requirements

Total

Interest

Principal

Principal

Interest

Fiscal Year

2020-21 2021-22

$

684,060 $ 70,051 $

$

$ 754,111

1,145,430

4,596

1,150,026

$ 1,829,490 $ 74,647 $

$

$ 1,904,137

37dd