|
City of Roseville — 2013 Budget
<br />Debt Management Plan
<br />By formal Council action, the City of Roseville afirmed its debt policy in 2010. The policy can be
<br />found in Appendix A. 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 three types of debt; 1 general obligation improvement debt, 2 general obligation
<br />facility debt, and 3 general obligation taxable housing debt. Improvement debt is used for financing the
<br />city's street improvement program. Facility debt accounts for the debt service on City Campus
<br />facilities, as well as park renewal program and the Dousing debt accounts for debt issued to finance a
<br />public /private partnership with a local townhorne association's improvements. The city X11 have six
<br />general obligation debt issues outstanding at the beginning of 2013. They are depicted below.
<br />Series
<br />4359000
<br />4.24%
<br />03/01/2014
<br />Bi- annually '
<br />Series 27
<br />534309000.
<br />3.72%
<br />03/01/2019
<br />03101/2013
<br />Series 28
<br />1, 00,000
<br />3.31%
<br />031011201
<br />03101/2016
<br />Series 29
<br />110351000
<br />5.06%
<br />0310112025
<br />0310 112020
<br />Series 31
<br />1 03000P0
<br />2.45%
<br />0310112028
<br />0310112023
<br />Series 32
<br />15,6851000
<br />2.11%
<br />03101/2028
<br />03101/2023
<br />462133
<br />2,22,3
<br />2022
<br />1 X%000
<br />400,531
<br />Total
<br />S 34,3 85,000
<br />1,93 5,000
<br />335,417
<br />2,270,4 17
<br />The following tables depict the City's debt service payments by year.
<br />Year Principle Interest Total
<br />2013 1 X%000 $ 9243926 29154,926
<br />2014
<br />233109000
<br />956,465
<br />3,2665465
<br />2015
<br />295559000
<br />8905955
<br />3,455955
<br />2016
<br />2,6509000
<br />816,257
<br />33466,257
<br />2017
<br />2,7509000
<br />7415673
<br />3,491,673
<br />2018
<br />228259000
<br />667,172
<br />35492,172
<br />2019
<br />2,5709000
<br />5885743
<br />35158,743
<br />2020
<br />1,730,00
<br />5203725
<br />29250,725
<br />2021
<br />198205000
<br />462133
<br />2,22,3
<br />2022
<br />1 X%000
<br />400,531
<br />2325%531
<br />2023
<br />1,93 5,000
<br />335,417
<br />2,270,4 17
<br />2024
<br />11975,000
<br />2729705
<br />2,247,705
<br />2025
<br />2,0455000
<br />2129795
<br />2,257,'795
<br />2026
<br />119805000
<br />1539219
<br />291333219
<br />2027
<br />2,0509000
<br />949060
<br />2,144,060
<br />2028
<br />2,110,000
<br />31,844
<br />23141 M4
<br />$ 34,3 85,000 $ 8,06%817 $ 42,454,8 17
<br />
|