FY25 Proposed Budget

2022A General Obligation Bonds Principal: $10,255,000 Dated: June 1, 2022 Callable: June 1, 2028

Principal Outstanding Beginning of Fiscal Year

Payments

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

2024 2025 2026 2027 2028 2029 2030 2031 2032

995,000 995,000 995,000 995,000 995,000 995,000 995,000 995,000 980,000

383,078 1,378,078 333,328 1,328,328 283,578 1,278,578 233,828 1,228,828 184,078 1,179,078 134,328 1,129,328 94,528 1,089,528 64,678 1,059,678 32,340 1,012,340

1,378,078 1,328,328 1,278,578 1,228,828 1,179,078 1,129,328 1,089,528 1,059,678 1,012,340

8,940,000 5.00% 7,945,000 5.00% 6,950,000 5.00% 5,955,000 5.00% 4,960,000 5.00% 3,965,000 4.00% 2,970,000 3.00% 1,975,000 3.25% 980,000 3.30%

Totals

8,940,000 1,743,760

10,683,760 10,683,760

Principal payable June 1. Interest payable June 1 and December 1.

Project

Amount

$ 450,000

Chadek Greek Park Playground & Shelter Court Hill Park Shelter & Playground

450,000

6,350,000 1,450,000

Rochester Ave Reconstruction - First Ave to Ralston

Fairchild Street Reconstruction

700,000 400,000 205,000 95,000 155,000

Senior Center Exterior Improvements

City Hall - Other Projects

Upgrade Building BAS Controls

Fire Station #1 Apparatus Bay Slab Reconstruction

Issuance Costs

Amount of Issue

$ 10,255,000

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