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2016-12-31 Management Letter
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2016-12-31 Management Letter
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9/6/2017 9:36:08 PM
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9/13/2017 10:54:04 AM
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A comparison of the assets of each fund and the remaining bonds outstanding at year end are as follows: <br />Cash and <br />People <br />L FL F11W� <br />F 9t'49111'7[ tiro• <br />Temporary <br />Total <br />Bonds <br />Fund <br />Investments <br />Assets <br />Outstanding <br />Maturity <br />309 Joint Police Station 2012A <br />$ 66,253 <br />$ 66,977 <br />$ 265,000 <br />2021 <br />348 G.O. Improvement Refunding 2015A <br />68,955 <br />100,389 <br />1,365,000 <br />2025 <br />349 G.O. Improvement Bonds of 2011A <br />296,490 <br />561,364 <br />1,125,000 <br />2019 <br />351 G.O. Improvement Bonds of 2009Al2016A <br />2,624,877 <br />3,103,975 <br />4,475,000 <br />2025 <br />352 G.O. Improvement Bonds of 2013A <br />75,730 <br />256,461 <br />1,475,000 <br />2029 <br />Total <br />$ 3,132,305 <br />$ 4,089,166 <br />$ 8,705,000 <br />The following graph shows the next ten years of principal and interest payments <br />from the debt <br />service funds: <br />$3,500,000 ............. ............. ............. ............. ............. <br />............. <br />$3,000,000 <br />$2,500,000 <br />$2,000,000 <br />$1,500,000 <br />$1,000,000 <br />$500,000 <br />2017 2018 2019 <br />2020 2021 <br />2022 2023 <br />2024 2025 <br />2026 <br />1111111111 Principal <br />....................... <br />1111111 Interest <br />People <br />L FL F11W� <br />F 9t'49111'7[ tiro• <br />
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