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FY23 - General Fund 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 2016-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) 2017-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%) 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) Principal Interest Balance Principal Interest Balance Principal Interest Balance Principal Interest Balance 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 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 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 - - 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 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 15,000.00 5,225.00 230,000.00 31,500.00 12,705.00 561,750.00 82,008.75 2,209.67 - 15,000.00 4,895.00 215,000.00 31,500.00 12,012.00 530,250.00 15,000.00 4,565.00 200,000.00 33,250.00 11,299.75 497,000.00 15,000.00 4,235.00 185,000.00 33,250.00 10,568.25 463,750.00 15,000.00 3,905.00 170,000.00 35,000.00 9,817.50 428,750.00 15,000.00 3,575.00 155,000.00 35,000.00 9,047.50 393,750.00 15,000.00 3,245.00 140,000.00 35,000.00 8,277.50 358,750.00 15,000.00 2,915.00 125,000.00 36,750.00 7,488.25 322,000.00 15,000.00 2,585.00 110,000.00 36,750.00 6,679.75 285,250.00 15,000.00 2,255.00 95,000.00 38,500.00 5,852.00 246,750.00 15,000.00 1,925.00 80,000.00 38,500.00 5,005.00 208,250.00 20,000.00 1,540.00 60,000.00 40,250.00 4,138.75 168,000.00 20,000.00 1,100.00 40,000.00 40,250.00 3,253.25 127,750.00 20,000.00 660.00 20,000.00 42,000.00 2,348.50 85,750.00 20,000.00 220.00 - 42,000.00 1,424.50 43,750.00 43,750.00 481.25 - 2021-CWSRF-DL General Obligation Warrant (Partial Principal Forgiveness Loan) Note: Maple Street Drainage Improvement Project Note: Fire Department - 79' Aerial Firetruck Note: Fire Department - Six Defibrillators 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 Principal Interest Balance Principal Interest Balance Principal Interest Balance Principal Interest Balance 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 - - 9,885,000.00 307,086.75 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 9,885,000.00 316,434.93 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 9,885,000.00 326,067.67 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 9,885,000.00 335,993.64 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 9,885,000.00 346,221.78 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 9,885,000.00 356,761.27 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 9,885,000.00 274,680.15 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 9,885,000.00 208,668.00 20,657.78 1,043,320.00 319,999.74 40,629.14 1,791,116.35 - 425,297.52 9,885,000.00 208,668.00 16,985.22 834,652.00 326,577.83 34,051.05 1,464,538.52 - 425,297.52 9,885,000.00 208,668.00 13,312.66 625,984.00 333,291.15 27,337.73 1,131,247.37 170,000.00 425,297.52 9,715,000.00 208,668.00 9,640.11 417,316.00 340,142.50 20,486.38 791,104.87 325,000.00 418,497.52 9,390,000.00 208,668.00 5,967.56 208,648.00 347,134.67 13,494.21 443,970.20 335,000.00 405,497.52 9,055,000.00 208,648.00 2,295.00 - 354,270.57 6,358.31 89,699.63 345,000.00 392,097.52 8,710,000.00 89,699.63 457.47 - 360,000.00 378,297.52 8,350,000.00 375,000.00 363,897.52 7,975,000.00 395,000.00 348,802.52 7,580,000.00 405,000.00 332,617.52 7,175,000.00 425,000.00 316,012.52 6,750,000.00 440,000.00 298,587.52 6,310,000.00 460,000.00 280,547.52 5,850,000.00 475,000.00 261,687.52 5,375,000.00 495,000.00 240,906.26 4,880,000.00 525,000.00 219,250.00 4,355,000.00 540,000.00 195,950.00 3,815,000.00 570,000.00 171,662.52 3,245,000.00 595,000.00 146,025.00 2,650,000.00 625,000.00 119,250.00 2,025,000.00 645,000.00 91,125.00 1,380,000.00 675,000.00 62,100.00 705,000.00 705,000.00 31,725.00 - 2020 General Obligation Warrant (Trustmark Bank Loan) Note: Economic Development - South Industrial Park 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) Principal Interest Balance Total Principal Total Interest Total Payment Total Outstanding Obligations at Fiscal Year End - - 3,235,000.00 1,002,253 276,212 1,278,465 25,914,157 350,000.00 119,507.10 2,885,000.00 1,403,600 780,239 2,183,838 24,510,558 390,000.00 118,427.50 2,495,000.00 1,464,139 792,723 2,256,863 23,046,418 400,000.00 104,387.50 2,095,000.00 1,454,292 754,174 2,208,466 21,592,127 420,000.00 89,187.50 1,675,000.00 1,492,255 713,978 2,206,233 20,099,872 435,000.00 72,387.50 1,240,000.00 1,529,198 671,663 2,200,861 18,570,674 260,000.00 54,335.00 980,000.00 1,290,668 627,544 1,918,211 17,280,006 270,000.00 43,415.00 710,000.00 1,228,402 592,260 1,820,663 16,051,604 280,000.00 31,805.00 430,000.00 971,918 562,816 1,534,733 15,079,686 295,000.00 19,485.00 135,000.00 1,006,996 536,505 1,543,501 14,072,691 135,000.00 6,210.00 - 1,025,459 508,936 1,534,396 13,047,231 1,052,311 481,476 1,533,786 11,994,921 1,072,803 453,845 1,526,648 10,922,118 1,096,669 425,614 1,522,282 9,825,450 641,950 399,427 1,041,376 9,183,500 544,000 380,596 924,596 8,639,500 572,500 361,689 934,189 8,067,000 549,250 341,745 890,995 7,517,750 572,750 321,928 894,678 6,945,000 591,250 301,214 892,464 6,353,750 503,750 281,029 784,779 5,850,000 475,000 261,688 736,688 5,375,000 495,000 240,906 735,906 4,880,000 525,000 219,250 744,250 4,355,000 540,000 195,950 735,950 3,815,000 570,000 171,663 741,663 3,245,000 595,000 146,025 741,025 2,650,000 625,000 119,250 744,250 2,025,000 645,000 91,125 736,125 1,380,000 675,000 62,100 737,100 705,000 705,000 31,725 736,725 - Total Debt - General Government 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)