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2007 CAPITAL IMPROVEMENT PLAN BOND FUND
<br />DEPARTMENT: 2007 Capital Improvement Plan Bond
<br />SUPERVISOR: Finance Officer
<br />FUND #: 304
<br />ACTIVITY #: 4700
<br />ACTIVITY SCOPE:
<br />The 2007 Capital Improvement Plan Bonds were issued to finance the construction of Heritage Hall.
<br />OBJECTIVES:
<br />Pay debt payments on a timely basis as scheduled.
<br />MEASURABLE WORKLOAD DATA:
<br />2011
<br />2012
<br />2013
<br />2013
<br />ACTUAL
<br />ACTUAL
<br />ACTUAL
<br />ESTIMATE
<br />Bond Principal Retired
<br />$15,000
<br />$15,000
<br />$15'000
<br />$15,000
<br />Bond Interest Paid
<br />$34,755
<br />$34,155
<br />$33,555
<br />$32,955
<br />Property Tax Levy
<br />Collected
<br />$46,965
<br />$48,988
<br />$52,606
<br />$50,300
<br />DEBT PAYMENT SCHEDULE:
<br />JAN. 1 DEBT
<br />YEAR DUE
<br />OUTSTANDING
<br />PRINCIPAL DUE
<br />INTEREST DUE
<br />2014
<br />$775,000.00
<br />$15,000.00
<br />$32,955.00
<br />2015
<br />$760,000.00
<br />$15,000.00
<br />$32,355.00
<br />2016
<br />$745,000.00
<br />$15,000.00
<br />$31,755.00
<br />2017
<br />$730,000.00
<br />$50,000.00
<br />$30,430.00
<br />2018
<br />$680,000.00
<br />$50,000.00
<br />$28,380.00
<br />2019
<br />$630,000.00
<br />$55,000.00
<br />$26,213.75
<br />2020
<br />$575,000.00
<br />$55,000.00
<br />$23,931.25
<br />2021
<br />$520,000.00
<br />$55,000.00
<br />$21,621.25
<br />2022
<br />$465,000.00
<br />$60,000.00
<br />$19,177.50
<br />2023
<br />$405,000.00
<br />$60,000.00
<br />$16,597.50
<br />2024
<br />$345,000.00
<br />$65,000.00
<br />$13,878.75
<br />2025
<br />$280,000.00
<br />$65,000.00
<br />$11,035.00
<br />2026
<br />$215,000.00
<br />$70,000.00
<br />$8,065.00
<br />2027
<br />$145,000.00
<br />$70,000.00
<br />$4,950.00
<br />2028
<br />$75,000.00
<br />$75,000.00
<br />$1,687.50
<br />38
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