FY 2017 - 2018 Audit
CITY OF SPENCER SCHEDULE OF INDEBTEDNESS JUNE 30, 2018
Amount of Original Issue
Interest Rates
Final Due Date
Date of Issue
GOVERNMENTAL ACTIVITI ES:
GENERAL OBLIGATION BONDS/NOTES: Landfill facility refunding bonds Street improvement bonds West beltway, fire station refunding bonds Corporate purpose and refunding bonds Sewer improvement bond - series 2017 General obligation bonds, series 2018 Sewer improvement bond, series 2018
4-2010 12-2010 4-2012 5-2013 6-2017 3-2018 6-2018
$1,455,000 575,000 1,565,000 2,245,000 1,505,000 1,500,000 1,508,000
1.00-1.50%
6-01-2022 6-01-2037 6-01-2028 6-01-2038
2.00% (1)
2.00 - 3.00%
2.00% (1)
TOTAL GENERAL OBLIGATION BONDS/NOTES
OTHER LONG-TERM DEBT: Spencer Municipal Utilities - Shine Brothers loan Spencer Municipal Utilities - E911 Communication loan
375,000
12-05-2021
11-2006
0.00%
12-2014
360,000
7-15-2024
0.00%
TOTAL GOVERNMENTAL ACTIVITIES
BUSINESS TYPE ACTIVITIES:
REVENUE BONDS/NOTES: Sewer revenue bond Sewer revenue bonds (Build America Bonds) Sewer revenue bond - series 2016
3.25% (1) 3.25% (1) (2) 1.04% (1)
1,520,000 7,500,000 3,960,000
6-01-2029 6-01-2032 6-01-2037
10-2009 12-2010 10-2016
TOTAL BUSINESS TYPE ACTIVITIES
Interest rate includes .25% service fee.
(1)
(2) It is anticipated that 35% of the interest (excluding the .25% service fee) will be refunded per the terms of Build America Bonds.
See Accompanying Independent Auditors' Report 47
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