FY27 Proposed Budget

2025A General Obligation Bonds Principal: $14,535,000 Dated: June 3, 2025 Callable: June 1, 2032

Principal Outstanding Beginning of Fiscal Year

Payments

Property Tax Revenue

Coupon Rate

Fiscal Year

Principal

Interest

Total

2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

2,200,000 1,375,000 1,370,000 1,370,000 1,370,000 1,370,000 1,370,000 1,370,000 1,370,000 1,370,000

722,713 2,922,713 616,750 1,991,750 548,000 1,918,000 479,500 1,849,500 411,000 1,781,000 342,500 1,712,500 274,000 1,644,000 205,500 1,575,500 137,000 1,507,000 68,500 1,438,500

2,922,713 14,535,000 1,991,750 12,335,000 1,918,000 10,960,000

5.00% 5.00% 5.00%

1,849,500 1,781,000 1,712,500 1,644,000 1,575,500 1,507,000 1,438,500

9,590,000 5.00% 8,220,000 5.00% 6,850,000 5.00% 5,480,000 5.00% 4,110,000 5.00% 2,740,000 5.00% 1,370,000 5.00%

Totals

14,535,000 3,805,463

18,340,463 18,340,463

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

Project

Amount

Carson Farms Stormwater Retention Basin Court Street Reconstruction N. Gilbert Street Reconstruction Burlington St Bridge Replacement Fire Apparatus Replacement Program

$ 1,900,000

4,400,000 2,065,000 1,100,000 1,700,000 1,335,000 1,000,000

City Park Pool Replacement Westside Park Land Acquisition

Mercer & RALRC HVAC Replacement

200,000 350,000 275,000 210,000

Rehab of Sleeping Areas & Alerting System Station

Third Floor City Hall Remodel

Issuance Costs

Amount of Issue

$ 14,535,000

390