FY 2025 BUDGET BOOK - Flipbook - Page 75
((49,936,542 x 22.64%) – 1,211,744) = $10,093,889, which is then divided by ten years to
arrive at $1,009,389 per year.
This borrowing capacity can provide the City with the means to secure funding for future
capital projects during the FY 2025/29 timeframe.
Table 10
Annual Debt Service on Existing Loans (Principal Only)
FY 2025/29
Debt Description
SRF Loan - 2016
SRF Loan - 2016
Bond Series 2016
CRA Loan - 2020
Total
Interest
Rate
1.29%
1.39%
3.21%
2.88%
Loan #
350300
350302
242870
51460
2025
$ 272,974
257,836
355,000
$ 2,527,558
$ 3,413,368
$
$
$
Fiscal
2026
280,152
264,636
365,000
909,788
Year Ending September 30, 2023
2027
2028
2029
$ 287,517
$ 295,078
$ 295,078
271,615
278,778
278,778
380,000
395,000
395,000
$
$
$
$ 939,132
$ 968,856
$ 968,856
Total
$ 1,430,799
1,351,643
1,890,000
$ 2,527,558
$ 7,200,000
Table 11
Debt Service to Maturity - As of September 30, 2023
Governmental Activities
Fiscal Year
2024
2025
Total
CRA Loan - 2020
Principal
$
123,549 $
2,529,913
$
2,653,462 $
Interest
74,600
71,001
145,601
Business-Type Activities
State Revolving Loans (Direct Borrowing)
Fiscal Year
Principal
Interest
2024
$
265,981 $
33,902
2025
272,974
30,405
2026
280,152
40,929
2027
287,518
23,134
2028
295,077
19,354
2029-2032
1,259,963
37,589
Total
$
2,661,665 $
185,313
Fiscal Year
2024
2025
2026
2027
2028
2029-2033
2034-2036
Total
Revenue Bonds - 2016
Principal
$
340,000 $
355,000
365,000
380,000
395,000
2,230,000
1,555,000
$
5,620,000 $
Interest
210,256
196,656
186,006
171,406
156,206
530,631
104,219
1,555,380
73
