FY 17 Annual Report
CITY OF SPENCER, IOWA Debt Service Fund
2017
2007 G.O. - WTP LAND PURCHASE
#726
1
BOND INFORMATION
Principal payable 6/1, beginning June 1,2008. Interest payable 6/1 and 12/1, beginning December 1, 2007. Original Principal Amount: $655,000 These bonds were issued to provide funds to pay the cost or a potion of the cost of the acquisition of land to use in connection with the
operation of the City's wastewater treatment plant and to pay other costs in connection therewith. These bonds were called for early prepayment in FY17 and this bond has been repaid in full.
FY 2017 PAYMENTS
PRINCIPAL PAYMENT
INTEREST PAYMENT
OTHER FEES
TOTAL PAYMENT
415,000.00
18,301.50
-
433,301.50
PRINCIPAL AND INTEREST OUTSTANDING
Payments
Principal Outstanding Beginning of Fiscal Year
Fiscal Year
Coupon Rate
Paid from Property Tax Revenue
Principal
Total
Interest
2018 2019 2020 2021 2022 2023 2024 2025 2026
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41%
Totals as of 6/30/2017
-
-
-
-
Notes due after June 1, 2016 are subject to call on said date or any date thereafter upon terms of par plus accrued interest to date of call.
DEBT SERVICE
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