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City of Roseville — 2006 Budget <br />Debt Management Plan <br />The City of Roseville revised its debt policy in 1998. A major highlight of this policy includes <br />confining the city's borrowing to capital improvements. Those improvements must have a life that is <br />greater than or equal to the length of debt retirement. <br />The City currently has two types of debt; 1) general obligation improvement debt, and 2) general <br />obligation facility debt. Improvement debt is used for financing the city's street improvement program. <br />The debt service is supported by approximately 25% special assessment of benefited properties and 75% <br />from general taxes. The city will have five general obligation debt issues outstanding in the beginning <br />of 2006. The following schedule depicts the City's outstanding debt as of 01/01/2006. <br />Series 20 <br />225,000 <br />Interest <br />$ 443,871 <br />4.55 % <br />2007 <br />03/01/2006 <br />411,328 <br />3/01/2001 <br />Series 23 <br />1,520,000 <br />385,271 <br />4.90% <br />2009 <br />03/01/2012 <br />357,021 <br />3/01/2004 <br />Series 25 <br />1,715,000 <br />325,319 <br />4.24% <br />2011 <br />03/01 /2014 <br />290,111 <br />3/01 /2006 <br />Series 27 1 9,53500 1 3.72% 1 3/01/20191 3/01/2013 <br />Total 1 $ 13,120,000 <br />The following table depicts the City's debt service payments by year. <br />Year <br />2006 <br />,- <br />$ 1,240,000 <br />Interest <br />$ 443,871 <br />Total <br />$ 108,871 <br />2007 <br />90500 <br />411,328 <br />1,331,328 <br />2008 <br />94000 <br />385,271 <br />1,320,271 <br />2009 <br />95000 <br />357,021 <br />1,342,021 <br />2010 <br />1,010,000 <br />325,319 <br />1,325,319 <br />2011 <br />1,020,000 <br />290,111 <br />L350J11 <br />2012 <br />10500 <br />251,146 <br />1,351,146 <br />2013 <br />1,130,000 <br />213,364 <br />1,108,364 <br />2014 <br />92000 <br />177,490 <br />1,112,490 <br />2015 <br />97000 <br />145,221 <br />885,221 <br />2016 <br />77000 <br />116,524 <br />886,524 <br />2017 <br />80500 <br />8604 <br />891,004 <br />2018 <br />84500 <br />53,406 <br />898,406 <br />2019 <br />88500 <br />18,253 <br />903,253 <br />Total <br />$ 13,120,000 <br />$ 3,274,330 <br />$ 16,394,330 <br />73 <br />