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
129
Made with FlippingBook