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Fund 348 G.O. Refunding 2015A 2019 2020 2021 2022 2023 2024 <br /> Cash Balance January 1 845,706 1,198,499 <br /> Estimated Revenue <br /> Interest Assessment(Sheehy) 4,990 4,990 4,990 4,990 4,990 4,990 <br /> Interest on Investments 8,457 <br /> Property Sales 370,000 <br /> rax Il...evy Adjustir nent 58,000 <br /> rax Il...evy(if salles doin"1L Ihallo3llo3eu°n) :1.48,200 <br /> Total Revenues 589,647 4,990 4,990 4,990 4,990 4,990 <br /> Estimated Expenditures <br /> Principal Payment February 1 215,000 1,100,000 <br /> Interest Payment February 1 11,244 10,115 <br /> Interest Payment August 1 10,115 <br /> Fiscal Agent's Fee August 1 495 495 <br /> Total Expenditures 236,854 1,110,610 - - - - <br /> Est Cash Balance December 31 1,198,499 92,879 <br /> Debt Service Levies <br /> The existing debt service schedule, after council took the opportunity last year to adjust <br /> the levies, anticipated a reduction of$52,000 from 2019 to 2020 and then a plateau <br /> through 2024. If this sale goes through and the bonds are called on February 1, 2020 the <br /> future debt service levies will be cancelled. This will allow for another decrease in debt <br /> service property taxes of approximately $77,000 from 2020 to 2021. <br /> This will still provide for both full funding of our bond issues and a continued decrease in <br /> debt levies over the next nine years if no new bonds are issued. <br /> Projected Debt Service Levies <br /> ('00,00x0 <br /> !_oopo <br /> 400,000 <br /> 200,000 <br /> .1.00,000 � <br /> 207.") 20VO 2021. 2021 2023 2024 20125 2026 2021 2D28 2029 <br /> Fdau-dpd fax IPVV Adjustp+d lax levv <br />