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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
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