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3-DSF Liability Summary
City of Otsego Debt Service Fund Budget ‐ 2022 Summary of Bonds Outstanding Original 2022 Maturity Issue Balance Due Principal Balance Due Date Amount 12/31/2021 Payment 12/31/2022 Improvement Bonds 2018A General Obligation Improvement 2/1/2034 2,305,000$ 1,955,000$ 185,000$ 1,770,000$ 2020A General Obligation Improvement Refunding 2/1/2028 2,950,000 2,445,000 475,000 1,970,000 Subtotal 5,255,000 4,400,000 660,000 3,740,000 Revenue Bonds 2010C General Obligation Revenue Refunding 12/1/2026 21,300,000 8,170,000 2,550,000 5,620,000 2019A General Obligation Revenue Refunding 12/1/2026 3,525,000 3,525,000 ‐ 3,525,000 2020 General Obligation Revenue Note (PFA)8/20/2040 17,199,866 17,069,000 808,000 16,261,000 Subtotal 42,024,866 28,764,000 3,358,000 25,406,000 Grand Total 47,279,866$ 33,164,000$ 4,018,000$ 29,146,000$ Description of Bond Issue ‐ 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 ‐ 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Principal Payments Bonds Outstanding ‐ Current ‐ 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Bonds Outstanding ‐ Current Bonds Outstanding ‐ Projected Item 3.4