Adopted Budget Projected Budget 2016-2017

Capital Improvements/Debt Service-Debt Service Fund

ANNUAL GENERAL AND LIMITED OBLIGATION DEBT SERVICE REQUIREMENTS CURRENT OUTSTANDING ISSUES

GENERAL OBLIGATION BONDS

FISCAL YEAR Principal

TOTAL Prin. & Int.

FISCAL YEAR Principal

TOTAL Prin. & Int.

Interest

Interest

16/17 12,060,000 $

6,443,570 $

18,503,570 $

25/26

8,370,000 $

1,564,580 $

9,934,580 $

17/18 12,205,000 5,866,420 18,071,420 26/27

6,995,000 1,160,146 8,155,146

18/19 12,645,000 5,276,020 17,921,020 27/28

6,995,000

832,486 7,827,486

19/20 12,760,000 4,686,015 17,446,015 28/29

3,180,000

500,200 3,680,200

20/21 13,195,000 4,109,380 17,304,380 29/30

3,180,000

355,540 3,535,540

21/22 13,340,000 3,471,370 16,811,370 30/31

3,180,000

216,580 3,396,580

22/23 10,565,000 2,820,857 13,385,857 31/32

1,180,000

117,000 1,297,000

23/24

8,370,000 2,349,200 10,719,200 32/33

680,000

68,000

748,000

24/25

8,370,000 1,965,190 10,335,190 33/34

680,000

34,000

714,000

$137,950,000 $41,836,554 $179,786,554

The table above lists the City's annual principal and interest obligations through fiscal year 2034 on the City's general obligation bonded debt outstanding.

LIMITED OBLIGATION BONDS

FISCAL YEAR Principal

TOTAL Prin. & Int.

FISCAL YEAR Principal

TOTAL Prin. & Int.

Interest

Interest

16/17

$

610,000

957,768 $

$

1,567,768

28/29

$

980,000

$

583,618

1,563,618 $

17/18

630,000 933,368

1,563,368 29/30

1,030,000

534,618 1,564,618

18/19

655,000 908,168

1,563,168 30/31

1,065,000

502,432 1,567,432

19/20

685,000 881,968

1,566,968 31/32

1,095,000

467,818 1,562,818

20/21

720,000 847,718

1,567,718 32/33

1,135,000

432,232 1,567,232

21/22

745,000 818,918

1,563,918 33/34

1,170,000

393,926 1,563,926

22/23

760,000 804,018

1,564,018 34/35

1,210,000

354,438 1,564,438

23/24

800,000 766,018

1,566,018 35/36

1,270,000

293,938 1,563,938

24/25

840,000 726,018

1,566,018 36/37

1,335,000

230,438 1,565,438

25/26

880,000 684,018

1,564,018 37/38

1,400,000

163,688 1,563,688

26/27

925,000 640,018

1,565,018 38/39

1,455,000

111,188 1,566,188

27/28

955,000 612,268

1,567,268 39/40

1,510,000

56,632 1,566,632

$23,860,000 $13,705,232 $37,565,232

The table above lists the City's annual principal and interest obligations through fiscal year 2040 on the City's limited obligation bonded debt outstanding. This debt currently supports Coliseum improvements and is funded by the Hotel/Motel Tax Occupancy Fund.

Adopted FY 2016-17 Budget

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