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LONG TERM DEBT SCHEDULESource page 1 visual reference
FY 2025–26 schedule; future payments are scheduled amounts, not payments already made.
LONG TERM DEBT SCHEDULE LONG TERM DEBT SCHEDULE
USDA COMMUNITY FACILITIES LOAN
Acquisition Fiscal Year
Debt Type Date Due Principal Interest Total
School consolidation 3/2024 2025-26 $669,420 $858,491.89 $1,527,911.89
building program, 2026-27 684,240 843,602.59 1,527,842.59
2.125%-2.250%. 2027-28 697,150 830,656.96 1,527,806.96
2028-29 714,920 812,876.84 1,527,796.84
Funded by a 2029-30 730,750 796,973.85 1,527,723.85
$1,000,000 transfer 2030-31 747,070 780,718.22 1,527,788.22
from the General Fund 2031-32 761,610 766,195.23 1,527,805.23
(LOST) to the Debt 2032-33 780,620 747,157.81 1,527,777.81
Service Fund and a 2033-34 798,030 729,791.83 1,527,821.83
$700,000 2034-35 815,790 712,039.17 1,527,829.17
reimbursement from 2035-36 832,000 695,791.89 1,527,791.89
the City Board of 2036-37 852,400 675,381.27 1,527,781.27
Education. 2037-38 871,350 656,418.69 1,527,768.69
2038-39 890,740 637,032.99 1,527,772.99
2039-40 908,960 618,903.93 1,527,863.93
2040-41 930,780 596,993.21 1,527,773.21
2041-42 951,540 576,283.93 1,527,823.93
2042-43 972,680 555,113.05 1,527,793.05
2043-44 992,860 534,929.11 1,527,789.11
2044-45 1,016,410 511,381.32 1,527,791.32
2045-46 1,039,000 488,765.57 1,527,765.57
2046-47 1,062,140 465,647.62 1,527,787.62
2047-48 1,084,540 443,217.96 1,527,757.96
2048-49 1,109,920 417,880.90 1,527,800.90
2049-50 1,134,580 393,183.74 1,527,763.74
2050-51 1,159,860 367,937.31 1,527,797.31
2051-52 1,184,690 343,055.68 1,527,745.68
2052-53 1,211,970 315,765.14 1,527,735.14
2053-54 1,238,990 288,794.89 1,527,784.89
2054-55 1,266,510 261,223.33 1,527,733.33
2055-56 1,294,080 233,663.95 1,527,743.95
2056-57 1,323,500 204,239.79 1,527,739.79
2057-58 1,352,930 174,786.09 1,527,716.09
2058-59 1,383,050 144,676.55 1,527,726.55
2059-60 1,413,580 114,191.36 1,527,771.36
2060-61 1,321,090 82,767.95 1,403,857.95
2061-62 1,099,540 56,568.74 1,156,108.74
2062-63 1,124,300 31,795.26 1,156,095.26
2063-64 743,870 7,989.66 751,859.66
2064-65 77,060 411.46 77,471.46
Total $39,244,520 $18,773,296.70 $58,017,816.70
LONG TERM DEBT SCHEDULE
GENERAL OBLIGATION BOND, SERIES 2021
Acquisition Fiscal Year
Debt Type Date Due Principal Interest Total
Construction of a new 10/2021 2025-26 $240,000 $140,415 $380,415
animal shelter, fire 2026-27 245,000 133,215 378,215
training facility, street 2027-28 255,000 125,865 380,865
improvements related to 2028-29 260,000 118,215 378,215
the new school, and city 2029-30 270,000 110,415 380,415
hall renovations, 2-3%. 2030-31 275,000 105,015 380,015
2031-32 280,000 99,515 379,515
Funded by a transfer 2032-33 285,000 93,915 378,915
from the General Fund 2033-34 290,000 88,215 378,215
to the Debt Service 2034-35 300,000 82,415 382,415
Fund. 2035-36 305,000 76,415 381,415
2036-37 310,000 70,315 380,315
2037-38 315,000 64,115 379,115
2038-39 320,000 57,815 377,815
2039-40 330,000 51,415 381,415
2040-41 335,000 44,815 379,815
2041-42 340,000 38,115 378,115
2042-43 350,000 30,975 380,975
2043-44 355,000 23,625 378,625
2044-45 365,000 16,170 381,170
2045-46 370,000 8,140 378,140
Total $6,395,000 $1,579,115 $7,974,115
Total Debt Payments for FY 2025-26 Principal Interest Total
$909,420 $998,906.89 $1,908,326.89
Total Debt Outstanding Principal Interest Total
$45,639,520 $20,352,411.70 $65,991,931.70
Debt Per Capita Total Debt Population Debt Per Capita
$65,991,931.70 14,731 $4,480
Note: Tennessee does not impose a legal debt margin on municipalities.
LONG TERM DEBT SCHEDULE
FY 2025-26 PRINCIPAL & INTEREST PAYMENTS
FY 2025-26 Principal & Interest Payments
Principal, $909,420,
48%
Interest, $998,907, 52%
Principal Interest