Adopted Budget Projected Budget 2016-2017

Capital Improvements/Debt Service-Debt Service Fund

Summary of Outstanding Debt Issues As of June 30, 2016

Amount

Issue Date

Amount

Issue

Purpose

Issued

Outstanding

SPECIAL OBLIGATION BONDS

Solid Waste Disposal Facilities

Solid Waste Transfer Station & Improvements

$8,400,000

2005

$2,930,000

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

$5,930,000

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 16-17 17-18 18-19 19-20

Principal

Interest

Total

$

680,000

$

146,500

$

826,500

112,500 76,750 39,250

827,500 826,750 824,250

715,000

750,000

785,000

TOTAL

$2,930,000 $375,000

$3,305,000

ANNUAL CERTIFICATES OF PARTICIPATION DEBT SERVICE

Fiscal Year 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

$

290,000

270,775 $

$

560,775

305,000 259,175 315,000 246,975 330,000 234,375 340,000 221,175 355,000 207,575 370,000 193,375 385,000 178,575 400,000 165,100 415,000 149,100 435,000 127,313 460,000 104,475

564,175 561,975 564,375 561,175 562,575 563,375 563,575 565,100 564,100 562,313 564,475 565,325 564,863 563,088

485,000 510,000 535,000

80,325 54,863 28,088

TOTAL

$5,930,000 $2,521,264

$8,451,264

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