Adopted Budget 2015-2016

Capital Improvements/Debt Service-Debt Service Fund

SUMMARY OF OUTSTANDING DEBT ISSUES AS OF JUNE 30, 2015

Amount

Issue

Amount

Issue

Purpose

Issued

Date

Outstanding

SPECIAL OBLIGATION BONDS

Solid Waste Disposal Facilities Solid Waste Transfer Station & Improvements

$8,400,000

2005

$3,585,000

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

CERTIFICATES OF PARTICIPATION

Coliseum

Aquatic Center

$7,000,000

2010

$6,210,000

Certificates of participation issued for Coliseum expansion, including the Aquatic Center, will be repaid with Hotel/Motel Tax revenues.

ANNUAL SPECIAL OBLIGATION DEBT SERVICE REQUIREMENTS

Fiscal Year 15-16 16-17 17-18 18-19 19-20

Principal

Interest

Total

$655,000 680,000 715,000 750,000 785,000

$172,700 146,500 112,500

$827,700 826,500 827,500 826,750 824,250

76,750 39,250

TOTAL $3,585,000

$547,700 $4,132,700

ANNUAL CERTIFICATES OF PARTICIPATION DEBT SERVICE REQUIREMENTS

Fiscal Year 15-16 16-17 17-18 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

$280,000 290,000 305,000 315,000 330,000 340,000 355,000 370,000 385,000 400,000 415,000 435,000 460,000 485,000 510,000 535,000

$281,975 270,775 259,175 246,975 234,375 221,175 207,575 193,375 178,575 165,100 149,100 127,313 104,475

$561,975 560,775 564,175 561,975 564,375 561,175 562,575 563,375 563,575 565,100 564,100 562,313 564,475 565,325 564,863

80,325 54,863 28,088

563,088 TOTAL $6,210,000 $2,803,239 $9,013,239

122

Adopted FY 2015-16 Budget