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City of Roseville — 2004 Budget
<br />Debt Management Plan
<br />The City of Roseville has implemented a debt policy that is detailed within the policy section of this
<br />document. A major highlight of this policy includes confining the city's borrowing to capital
<br />improvements. Those improvements must have a life that is greater than or equal to the length of debt
<br />retirement.
<br />The City currently has two types of debt; 1) general obligation improvement debt, 2) general obligation
<br />facility debt. Improvement debt is used for financing the city's street improvement program. The debt
<br />service is supported by approximately 25% special assessment of benefited properties and 75% from
<br />general taxes. The city will have five general obligation improvement debt issues outstanding in the
<br />beginning of 2003. The general obligation facility debt is used to finance the expansion of City Hall and
<br />Public Works Facilities. The following schedule depicts the City's outstanding debt as of 03/01/2003.
<br />Series 19
<br />3 3 5,000
<br />4.24%
<br />5.15%
<br />3/01/2006
<br />03/01/2008
<br />9,700,000
<br />3/01/2000
<br />Series 20
<br />84000
<br />254,176
<br />4.55%
<br />2007
<br />03/01/2009
<br />3/01/2001
<br />Series 23
<br />2,04500
<br />4.90%
<br />03/01/2012
<br />3/01/2004
<br />Series 25
<br />2,140,000
<br />4.24%
<br />03/01/2014
<br />3/01/2006
<br />Series 26
<br />9,700,000
<br />3.72%
<br />3/01 /2019
<br />3/01 /2013
<br />254,176
<br />1,705,928
<br />2007
<br />90500
<br />I Total 1 $ 17,260,000 1 1 1 1
<br />The following table depicts the City's debt service payments by year.
<br />2005
<br />1,030,000
<br />411,678
<br />524,104
<br />2009
<br />1,554,104
<br />2006
<br />1,225,000
<br />2012
<br />480,928
<br />254,176
<br />1,705,928
<br />2007
<br />90500
<br />443,412
<br />1,348,412
<br />2008
<br />94000
<br />411,678
<br />L351fi78
<br />2009
<br />98000
<br />377,484
<br />1,357,484
<br />2010
<br />1,02500
<br />339,993
<br />1,364,993
<br />2011
<br />1,070,000
<br />298,955
<br />1,368,955
<br />2012
<br />1,115,000
<br />254,176
<br />L369J76
<br />2013
<br />89500
<br />215,364
<br />1,110,364
<br />2014
<br />93500
<br />177,490
<br />1,112,490
<br />2015
<br />74000
<br />145,221
<br />885,221
<br />2016
<br />77000
<br />116,524
<br />886,524
<br />2017
<br />805,000
<br />86,004
<br />891,004
<br />2018
<br />84500
<br />53,406
<br />898,406
<br />2019
<br />88500
<br />18,253
<br />903,253
<br />I Total 1 $ 17,26000 1 $ 5,354,192 1 $ 22,614,192 1
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