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City of Roseville — 2008 Budget Debt Management Plan The City of Roseville revised its debt policy in 2007. A major highlight of this policy includes confining the city's borrowing to capital improvements. Those improvements must have a life that is greater than or equal to the length of debt retirement. The City currently has two types of debt; 1) general obligation improvement debt, and 2) general obligation facility debt. Improvement debt is used for financing the city's street improvement program. The debt service is supported by approximately 25% special assessment of benefited properties and 75% from property taxes. The city will have three general obligation debt issues outstanding at the beginning of 2008. The following schedule depicts the City's outstanding debt as of 01/01/2008. Description Series 23 Principal Outstanding 1,105,000 Net Interest Date of Final Rate Maturity 4.90% 03/01/2012 Eligible Call Date 3/01/2004 Series 25 L39500 4.24% 03/01/2014 3/01/2006 Series 27 8,45500 3.72% 3/01/2019 3/01/2013 2011 1,060,000 290,111 L350J11 Total $ 10,955,000 251,146 L351J46 The following table depicts the City's debt service payments by year. Year 2008 .. 93500 Interest 385,271 . 1,320,271 2009 98500 357,021 1,342,021 2010 10000 325,319 1,325,319 2011 1,060,000 290,111 L350J11 2012 1,100,000 251,146 L351J46 2013 89500 213,364 1,108,364 2014 93500 177,490 1,112,490 2015 74000 145,221 885,221 2016 77000 116,524 886,524 2017 80500 8604 891,004 2018 84500 53,406 898,406 2019 88500 18,253 903,253 Total $ 10,955,000 $ 2,419,130 $ 13,374,130 76