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Debt Service Liability Summary
City of Otsego Debt Service Fund Budget ‐ 2021 Summary of Bonds Outstanding Original 2021 Maturity Issue Balance Due Principal Balance Due Date Amount 12/31/2020 Payment 12/31/2021 Improvement Bonds 2010B General Obligation Improvement Refunding 12/1/2021 3,705,000$ 480,000$ 480,000$ ‐$ 2010D General Obligation Improvement Refunding 2/1/2028 1,220,000 805,000 90,000 715,000 2011A General Obligation Improvement Refunding 2/1/2028 4,640,000 2,365,000 415,000 1,950,000 2012A General Obligation Improvement Refunding 12/1/2021 1,400,000 195,000 195,000 ‐ 2018A General Obligation Improvement 2/1/2034 2,305,000 2,135,000 180,000 1,955,000 Subtotal 13,270,000 5,980,000 1,360,000 4,620,000 Revenue Bonds 2010C General Obligation Revenue Refunding 12/1/2026 21,300,000 10,580,000 2,410,000 8,170,000 2019A General Obligation Revenue Refunding 12/1/2026 3,525,000 3,525,000 ‐ 3,525,000 Subtotal 24,825,000 14,105,000 2,410,000 11,695,000 Grand Total 38,095,000$ 20,085,000$ 3,770,000$ 16,315,000$ Description of Bond Issue ‐ 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 ‐ 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Principal Payments Bonds Outstanding