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2018 IMPROVEMENT BOND FUND <br />DEPARTMENT: 2018 Improvement Bond <br />SUPERVISOR: Finance Officer <br />FUND #: 306 <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. <br />MEASURABLE WORKLOAD DATA: <br />2023 <br />ACTUAL <br />Bond Principal Retired <br />$40,000 <br />Bond Interest Paid <br />$19,100 <br />Property Tax Levy <br />Collected <br />$6,674 <br />Special Assessments <br />Collected <br />$58,576 <br />DEBT PAYMENT SCHEDULE: <br />YEAR DUE <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 />$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 />2024 <br />2025 <br />ACTUAL <br />ACTUAL <br />$40,000 <br />$40,000 <br />$17,900 <br />$16,700 <br />$5,254 <br />$4,266 <br />$57,157 $55,322 <br />PRINCIPAL DUE <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 />2026 <br />ESTIMATE <br />$40,000 <br />$15,500 <br />$8,015 <br />$43,000 <br />INTEREST DUE <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 <br />