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FY22 - General Government Debt Obligations
General Government Debt Fiscal Year Ended September 30 Principal Interest Balance Principal Interest Balance Principal Interest Balance Principal Interest Balance 2022 20,000.00 7,040.00 310,000.00 10,000.00 4,510.00 200,000.00 15,000.00 6,050.00 260,000.00 57,750.00 27,190.63 1,387,750.00 2023 20,000.00 6,600.00 290,000.00 10,000.00 4,290.00 190,000.00 15,000.00 5,720.00 245,000.00 59,500.00 29,876.00 1,328,250.00 2024 20,000.00 6,160.00 270,000.00 10,000.00 4,070.00 180,000.00 15,000.00 5,390.00 230,000.00 61,250.00 28,547.75 1,267,000.00 2025 20,000.00 5,720.00 250,000.00 10,000.00 3,850.00 170,000.00 15,000.00 5,060.00 215,000.00 63,000.00 27,181.00 1,204,000.00 2026 20,000.00 5,280.00 230,000.00 10,000.00 3,630.00 160,000.00 15,000.00 4,730.00 200,000.00 63,000.00 25,795.00 1,141,000.00 2027 20,000.00 4,840.00 210,000.00 10,000.00 3,410.00 150,000.00 15,000.00 4,400.00 185,000.00 64,750.00 24,389.75 1,076,250.00 2028 20,000.00 4,400.00 190,000.00 10,000.00 3,190.00 140,000.00 15,000.00 4,070.00 170,000.00 66,500.00 22,946.00 1,009,750.00 2029 20,000.00 3,960.00 170,000.00 10,000.00 2,970.00 130,000.00 15,000.00 3,740.00 155,000.00 68,250.00 21,463.75 941,500.00 2030 20,000.00 3,520.00 150,000.00 10,000.00 2,750.00 120,000.00 15,000.00 3,410.00 140,000.00 70,000.00 19,943.00 871,500.00 2031 25,000.00 3,025.00 125,000.00 15,000.00 2,475.00 105,000.00 15,000.00 3,080.00 125,000.00 71,750.00 18,383.75 799,750.00 2032 25,000.00 2,475.00 100,000.00 15,000.00 2,145.00 90,000.00 15,000.00 2,750.00 110,000.00 73,500.00 16,786.00 726,250.00 2033 25,000.00 1,925.00 75,000.00 15,000.00 1,815.00 75,000.00 15,000.00 2,420.00 95,000.00 73,500.00 15,169.00 652,750.00 2034 25,000.00 1,375.00 50,000.00 15,000.00 1,485.00 60,000.00 15,000.00 2,090.00 80,000.00 75,250.00 13,532.75 577,500.00 2035 25,000.00 825.00 25,000.00 15,000.00 1,155.00 45,000.00 20,000.00 1,760.00 60,000.00 77,000.00 11,858.00 500,500.00 2036 25,000.00 275.00 - 15,000.00 825.00 30,000.00 20,000.00 1,320.00 40,000.00 78,750.00 10,144.75 421,750.00 2037 15,000.00 495.00 15,000.00 20,000.00 880.00 20,000.00 80,500.00 8,393.00 341,250.00 2038 15,000.00 165.00 - 20,000.00 440.00 - 82,250.00 6,602.75 259,000.00 2039 84,000.00 4,774.00 175,000.00 2040 85,750.00 2,906.75 89,250.00 2041 89,250.00 981.75 - 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 Note: North Silver Hills Drainage Canal Restoration Note: Woodvale Drainage Canal Restoration Note: 10th Street Drainage Canal Restoration 2018D-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) 2020-CWSRF-DL General Obligation Warrant Note: Washington Street, Bunche Avenue, Easy Street Sewer & Stormwater Project (35%) 2016-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) 2017-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) General Government Debt Fiscal Year Ended September 30 Principal Interest Balance Principal Interest Balance Principal Interest Balance Principal Interest Balance 2022 10,000.00 6,512.00 305,000.00 - - 710,500.00 71,800.18 12,418.24 389,083.91 39,092.78 - 78,185.56 2023 15,000.00 6,545.00 290,000.00 28,000.00 12,023.12 682,500.00 73,734.79 10,483.63 315,349.12 39,092.78 - 39,092.78 2024 15,000.00 6,215.00 275,000.00 29,750.00 14,687.75 652,750.00 75,721.53 8,496.89 239,627.59 39,092.78 - - 2025 15,000.00 5,885.00 260,000.00 29,750.00 14,033.25 623,000.00 77,761.80 6,456.62 161,865.79 2026 15,000.00 5,555.00 245,000.00 29,750.00 13,378.75 593,250.00 79,857.04 4,361.38 82,008.75 2027 15,000.00 5,225.00 230,000.00 31,500.00 12,705.00 561,750.00 82,008.75 2,209.67 - 2028 15,000.00 4,895.00 215,000.00 31,500.00 12,012.00 530,250.00 2029 15,000.00 4,565.00 200,000.00 33,250.00 11,299.75 497,000.00 2030 15,000.00 4,235.00 185,000.00 33,250.00 10,568.25 463,750.00 2031 15,000.00 3,905.00 170,000.00 35,000.00 9,817.50 428,750.00 2032 15,000.00 3,575.00 155,000.00 35,000.00 9,047.50 393,750.00 2033 15,000.00 3,245.00 140,000.00 35,000.00 8,277.50 358,750.00 2034 15,000.00 2,915.00 125,000.00 36,750.00 7,488.25 322,000.00 2035 15,000.00 2,585.00 110,000.00 36,750.00 6,679.75 285,250.00 2036 15,000.00 2,255.00 95,000.00 38,500.00 5,852.00 246,750.00 2037 15,000.00 1,925.00 80,000.00 38,500.00 5,005.00 208,250.00 2038 20,000.00 1,540.00 60,000.00 40,250.00 4,138.75 168,000.00 2039 20,000.00 1,100.00 40,000.00 40,250.00 3,253.25 127,750.00 2040 20,000.00 660.00 20,000.00 42,000.00 2,348.50 85,750.00 2041 20,000.00 220.00 - 42,000.00 1,424.50 43,750.00 2042 43,750.00 481.25 - 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2022-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) Note: Thomas Avenue and Selma Highway Drainage and Sewer Project Community Leasing Partners Capital Lease Zoll Capital Lease Note: Fire Department - 79' Aerial Firetruck Note: Fire Department - Six Defibrillators 2021-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) Note: Maple Street Drainage Improvement Project General Government Debt Fiscal Year Ended September 30 Principal Interest Balance Principal Interest Balance Principal Interest Balance Principal Interest Balance 2022 298,014.75 73,751.13 2,263,246.19 208,668.00 50,038.24 2,712,664.00 271,927.35 88,701.53 4,177,727.69 - - 9,885,000.00 2023 307,086.75 64,679.13 1,956,159.44 208,668.00 46,365.68 2,503,996.00 277,517.25 83,111.63 3,900,210.44 - 391,037.43 9,885,000.00 2024 316,434.93 55,330.95 1,639,724.51 208,668.00 42,693.12 2,295,328.00 283,222.05 77,406.83 3,616,988.39 - 425,297.52 9,885,000.00 2025 326,067.67 45,698.21 1,313,656.84 208,668.00 39,020.56 2,086,660.00 289,044.13 71,584.75 3,327,944.26 - 425,297.52 9,885,000.00 2026 335,993.64 35,772.24 977,663.20 208,668.00 35,348.00 1,877,992.00 294,985.89 65,642.99 3,032,958.37 - 425,297.52 9,885,000.00 2027 346,221.78 25,544.10 631,441.42 208,668.00 31,675.45 1,669,324.00 301,049.79 59,579.09 2,731,908.58 - 425,297.52 9,885,000.00 2028 356,761.27 15,004.61 274,680.15 208,668.00 28,002.90 1,460,656.00 307,238.36 53,390.52 2,424,670.22 - 425,297.52 9,885,000.00 2029 274,680.15 4,144.26 (0.00) 208,668.00 24,330.34 1,251,988.00 313,554.13 47,074.75 2,111,116.09 - 425,297.52 9,885,000.00 2030 208,668.00 20,657.78 1,043,320.00 319,999.74 40,629.14 1,791,116.35 - 425,297.52 9,885,000.00 2031 208,668.00 16,985.22 834,652.00 326,577.83 34,051.05 1,464,538.52 - 425,297.52 9,885,000.00 2032 208,668.00 13,312.66 625,984.00 333,291.15 27,337.73 1,131,247.37 170,000.00 425,297.52 9,715,000.00 2033 208,668.00 9,640.11 417,316.00 340,142.50 20,486.38 791,104.87 325,000.00 418,497.52 9,390,000.00 2034 208,668.00 5,967.56 208,648.00 347,134.67 13,494.21 443,970.20 335,000.00 405,497.52 9,055,000.00 2035 208,648.00 2,295.00 - 354,270.57 6,358.31 89,699.63 345,000.00 392,097.52 8,710,000.00 2036 89,699.63 457.47 - 360,000.00 378,297.52 8,350,000.00 2037 375,000.00 363,897.52 7,975,000.00 2038 395,000.00 348,802.52 7,580,000.00 2039 405,000.00 332,617.52 7,175,000.00 2040 425,000.00 316,012.52 6,750,000.00 2041 440,000.00 298,587.52 6,310,000.00 2042 460,000.00 280,547.52 5,850,000.00 2043 475,000.00 261,687.52 5,375,000.00 2044 495,000.00 240,906.26 4,880,000.00 2045 525,000.00 219,250.00 4,355,000.00 2046 540,000.00 195,950.00 3,815,000.00 2047 570,000.00 171,662.52 3,245,000.00 2048 595,000.00 146,025.00 2,650,000.00 2049 625,000.00 119,250.00 2,025,000.00 2050 645,000.00 91,125.00 1,380,000.00 2051 675,000.00 62,100.00 705,000.00 2052 705,000.00 31,725.00 - 2022-A General Obligation Warrant (Non-Taxable - Regions Bank) Note: Tier 1 Park Projects (Capital Improvements and Renovations to Pratt Park, Newton Park, and Stanley Jensen Stadium) 2020D General Obligation Warrant (BBVA Compass Loan) Note: Mac Gray Park 2.0 Note: Fire Station #4 & Police Annex 2019 General Obligation Warrant (BB&T Bank Loan) 2020 General Obligation Warrant (Trustmark Bank Loan) Note: Economic Development - South Industrial Park General Government Debt Fiscal Year Ended September 30 Principal Interest Balance Total Principal Total Interest Total Payment Total Outstanding Obligations at Fiscal Year End 2022 - - 3,235,000.00 1,002,253 276,212 1,278,465 25,914,157 2023 350,000.00 119,507.10 2,885,000.00 1,403,600 780,239 2,183,838 24,510,558 2024 390,000.00 118,427.50 2,495,000.00 1,464,139 792,723 2,256,863 23,046,418 2025 400,000.00 104,387.50 2,095,000.00 1,454,292 754,174 2,208,466 21,592,127 2026 420,000.00 89,187.50 1,675,000.00 1,492,255 713,978 2,206,233 20,099,872 2027 435,000.00 72,387.50 1,240,000.00 1,529,198 671,663 2,200,861 18,570,674 2028 260,000.00 54,335.00 980,000.00 1,290,668 627,544 1,918,211 17,280,006 2029 270,000.00 43,415.00 710,000.00 1,228,402 592,260 1,820,663 16,051,604 2030 280,000.00 31,805.00 430,000.00 971,918 562,816 1,534,733 15,079,686 2031 295,000.00 19,485.00 135,000.00 1,006,996 536,505 1,543,501 14,072,691 2032 135,000.00 6,210.00 - 1,025,459 508,936 1,534,396 13,047,231 2033 1,052,311 481,476 1,533,786 11,994,921 2034 1,072,803 453,845 1,526,648 10,922,118 2035 1,096,669 425,614 1,522,282 9,825,450 2036 641,950 399,427 1,041,376 9,183,500 2037 544,000 380,596 924,596 8,639,500 2038 572,500 361,689 934,189 8,067,000 2039 549,250 341,745 890,995 7,517,750 2040 572,750 321,928 894,678 6,945,000 2041 591,250 301,214 892,464 6,353,750 2042 503,750 281,029 784,779 5,850,000 2043 475,000 261,688 736,688 5,375,000 2044 495,000 240,906 735,906 4,880,000 2045 525,000 219,250 744,250 4,355,000 2046 540,000 195,950 735,950 3,815,000 2047 570,000 171,663 741,663 3,245,000 2048 595,000 146,025 741,025 2,650,000 2049 625,000 119,250 744,250 2,025,000 2050 645,000 91,125 736,125 1,380,000 2051 675,000 62,100 737,100 705,000 2052 705,000 31,725 736,725 - 2022-B General Obligation Warrant (Federally Taxable - Regions Bank) Note:Tier 1 Park Projects (Capital Improvements and Renovations to Pratt Park, Newton Park, and Stanley Jensen Stadium) Total Debt - General Government