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107-Attachment F.pdf
Attachment F August August February Fiscal Year Bond Fiscal Interest Annual Interest Interest Annual Debt Principal Year Rate Principal Payment Payment Interest Service Balance @ YE Initial Bond Offering at May 9, 2001 - - 15,000,000 TOTAL 2001 PAYMENTS 2,765,000 3,650,056 3,846,370 7,496,427 10,261,427 REFUNDING PAYMENT 240,000 - - - - Refunded Bond Issuance of August 1, 2011 - - 11,995,000 2011/12 2.00%- - 228,211 228,211 228,211 11,995,000 2012/13 2.00%455,000 208,518 203,968 412,485 867,485 11,540,000 2013/14 2.00%485,000 203,968 199,118 403,085 888,085 11,055,000 2014/15 2.00%495,000 199,118 194,168 393,285 888,285 10,560,000 2015/16 2.00%500,000 194,168 189,168 383,335 883,335 10,060,000 2016/17 3.00%475,000 189,168 182,043 371,210 846,210 9,585,000 2017/18 3.00%485,000 182,043 174,768 356,810 841,810 9,100,000 2018/19 4.00%500,000 174,768 164,768 339,535 839,535 8,600,000 2019/20 4.00%525,000 164,768 154,268 319,035 844,035 8,075,000 2020/21 4.00%545,000 154,268 143,368 297,635 842,635 7,530,000 2021/22 3.00%565,000 143,368 134,893 278,260 843,260 6,965,000 2022/23 4.00%580,000 134,893 123,293 258,185 838,185 6,385,000 2023/24 4.00%610,000 123,293 111,093 234,385 844,385 5,775,000 2024/25 4.00%630,000 111,093 98,493 209,585 839,585 5,145,000 2025/26 3.50%655,000 98,493 87,030 185,523 840,523 4,490,000 2026/27 3.50%685,000 87,030 75,043 162,073 847,073 3,805,000 2027/28 3.70%705,000 75,043 62,000 137,043 842,043 3,100,000 2028/29 4.00%730,000 62,000 47,400 109,400 839,400 2,370,000 2029/30 4.00%760,000 47,400 32,200 79,600 839,600 1,610,000 2030/31 4.00%790,000 32,200 16,400 48,600 838,600 820,000 2031/32 4.00%820,000 16,400 - 16,400 836,400 - TOTAL 2011 PAYMENTS 11,995,000 2,601,993 2,621,686 5,223,678 17,218,678 Total Bond Principal payments 11,995,000 Total Bond Interest payments 5,223,678 Total Cost of 2011 Bond Issuance 17,218,678 Original Bond Issue Cost Total Bond Principal 15,000,000 Total Bond Interest 15,157,146 Total Original Bond Issue Cost 30,157,146 Summary Cost of Two Issuances Total Bond Principal payments 14,760,000 Total Bond Interest payments 12,720,105 Total Summary Cost of Two Issuances 27,480,105 NET SAVINGS FROM REFUNDING 2,677,041 City of Saratoga General Obligation Bond Debt Issuance Summary