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Fm� <br /> City of Centerville, Minnesota <br /> G.O. Improvement Refunding Bonds, Series 2011A <br /> 2007 <br /> Refunding Summary <br /> Dated 04/0112011 � Delivered 04/14J2011 <br /> Sources Of Funds <br /> ParAmount of Bonds $1,645,000.00 <br /> Accrued interest from 04/01/2011 to 04/14/2011 1,014.27 <br /> Total Sources s1,646,074.27 <br /> Uses Of Funds <br /> Deposit to Current Refunding Fund 1,614,841.90 <br /> Costs of Issuance 16,211.59 <br /> Total Ur►dervvriter's D'+scount (0.689%) 11,326.17 <br /> Rounding Amount 2,620.34 <br /> Deposit to Debt Service Fund 1,014.27 <br /> Total Uses 51,646,014.27 <br /> Flow of Funds Detail � <br /> State and Local Govemment Series (SLGS) rates for <br /> Date of OMP Candidates I <br /> Current Refunding Escrow Solution Method Net Funded <br /> Total Cost of Investments $1,614,841.90 <br /> Interest Eamings � 0.075% 158.10 , <br /> Total Draws $1,615,000.00 <br /> Issues Refunded And Call Dates ' <br /> 07o1d 6/01/2011 <br /> i <br /> PV Analysis Summary (Net to Net) <br /> Net PV Cashflow Savings Q 1.853%(Bond Yield) 122,911.03 <br /> Accrued Interest Credit to Debt Senrice Fund 1,014.27 <br /> Contingency or Rounding Amount 2,620.34 <br /> Net Present Value Benefit $126,545.64 <br /> Net PV Benefit /$1,615,000 Refunded Principal 7.836% <br /> Net PV Benefit /$1,645,000 Refunding Princdpel 7.693�0 <br /> Bond Statistics <br /> Average Ufe 5.469 Years <br /> Averege Coupon 1.9585036% <br /> Net Interest Cost (NIC) 2.084402496 <br /> Bond Yfeld for Aibitrage Purposes 1.8530851 % <br /> True Interest Coat (TIC) 2.0849342°k <br /> All Inclusive C�t (AIC) 22804922% <br /> Rei � 2007 � 3123/2011 � 10:54 AM <br /> Northland Securities <br /> Public Finance Pa9e �s <br />