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2018 IMPROVEMENT BOND FUND
<br />DEPARTMENT: 2018 Improvement Bond
<br />SUPERVISOR: Finance Officer
<br />FUND #: 305
<br />ACTIVITY #: 4700
<br />ACTIVITY DESCRIPTION:
<br />The 2018 Improvement Bonds were issued to finance the reconstruction of Scheuneman Road in the
<br />business district and to extend water and sanitary sewer in the area.
<br />GOALS:
<br />Pay debt payments on a timely basis as scheduled.
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<br />2021
<br />ACTUAL
<br />Bond Principal Retired
<br />$35,000
<br />Bond Interest Paid
<br />$21,425
<br />Property Tax Levy
<br />Collected
<br />$8,811
<br />Special Assessments
<br />Collected
<br />$61,831
<br />DEBT PAYMENT SCHEDULE:
<br />YEAR DUE
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />2031
<br />2032
<br />2033
<br />2034
<br />JAN. 1 DEBT
<br />OUTSTANDING
<br />$515,000.00
<br />$475,000.00
<br />$435,000.00
<br />$395,000.00
<br />$350,000.00
<br />$305,000.00
<br />$260,000.00
<br />$210,000.00
<br />$160,000.00
<br />$110,000.00
<br />$55,000.00
<br />2022
<br />2023
<br />ACTUAL
<br />ACTUAL
<br />$40,000
<br />$40,000
<br />$20,300
<br />$19,100
<br />$7,464
<br />$6,367
<br />$60,203 $58,576
<br />PRINCIPAL DUE
<br />$40,000.00
<br />$40,000.00
<br />$40,000.00
<br />$45,000.00
<br />$45,000.00
<br />$45,000.00
<br />$50,000.00
<br />$50,000.00
<br />$50,000.00
<br />$55,000.00
<br />$55,000.00
<br />38
<br />2024
<br />ESTIMATE
<br />$40,000
<br />$17,900
<br />$5,285
<br />$55,000
<br />INTEREST DUE
<br />$17,900.00
<br />$16,700.00
<br />$15,500.00
<br />$14,225.00
<br />$12,875.00
<br />$11,300.00
<br />$9,400.00
<br />$7,400.00
<br />$5,400.00
<br />$3,300.00
<br />$1,100.00
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