Utility Debt Service

Utility debt is supported by utility revenues, and water and sewer impact fees.

Combined Water Sewer Debt Schedule
Fiscal Year Principal DueInterest Due Total Interest & Penalty
2018550,000161,631711,631
2019570,000145,919715,919
2020590,000128,975718,975
2021405,000109,675514,675
2022415,00096,937511,938
2023440,00083,606523,606
2024455,00069,119524,119
2025465,00053,856518.856
2026170,00042,662212,662
2027180,00035,662215,662
2028185,00028,363213,363
2029195,00020,763215,763
2030200,00012,763212,763
2031210,0004,331214,331
Total5,030,000994,2626,024,262
Tax Supported Debt Bar Graph 2018

Click on the tabs to see detailed payment schedules for all water sewer bond series.

  1. 2011A GO Refunding
  2. 2011 Combo CO
  3. 2014 GO Refunding
  4. 2014A GO Refunding

2011A General Obligation Refunding, Taxable Series

Original Issue Amount: $1,635,000
Original Date of Issue: August 2, 2011
Maturity Date: February 15, 2031

Interest savings from this refunding will be $409,217.

Use of Bond Proceeds

Proceeds from the sale of the Taxable Bonds are expected to be used to (i) refund the Tax and Waterworks and Sewer System Surplus Revenue Certificates of Obligation, Taxable Series 2000A as described on Schedule II {In the Official Statement} ... for debt savings; and (ii) pay the costs associated with the issuance of the taxable bonds.

Tax & Waterworks & Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2000A
Principal Amount Refunded: $1,535,000
Interest Savings: $409,217

All of the proceeds from the 2011A General Obligation Refunding have been spent. 

Series 2011A General Obligation Refunding Payment Schedule
Fiscal Year Principal InterestTotal Principal & Interest
2018185,00019,631204,631
2019195,00014,081209,081
2020200,0007,500207,500
Total580,00041,213621,213