2025 5 6 Budget Work Session Website 1
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GENERAL OBLIGATION BOND, SERIES 2021 Debt Type Acquisition Date Fiscal Year Due Principal Interest Total 10/2021 FY 2025-26 240,000 140,415 380,415 FY 2026-27 245,000 133,215 378,215 FY 2027-28 255,000 125,865 380,865 FY 2028-29 260,000 118,215 378,215 FY 2029-30 270,000 110,415 380,415 FY 2030-31 275,000 105,015 380,015 FY 2031-32 280,000 99,515 379,515 FY 2032-33 285,000 93,915 378,915 FY 2033-34 290,000 88,215 378,215 FY 2034-35 300,000 82,415 382,415 FY 2035-36 305,000 76,415 381,415 FY 2036-37 310,000 70,315 380,315 FY 2037-38 315,000 64,115 379,115 FY 2038-39 320,000 57,815 377,815 FY 2039-40 330,000 51,415 381,415 FY 2040-41 335,000 44,815 379,815 FY 2041-42 340,000 38,115 378,115 FY 2042-43 350,000 30,975 380,975 FY 2043-44 355,000 23,625 378,625 FY 2044-45 365,000 16,170 381,170 FY 2045-46 370,000 8,140 378,140 6,395,000$ 1,579,115$ 7,974,115$ Principal Interest Total 909,420$ 998,907$ 1, 908,327$ Principal Interest Total 45,639,520$ 20,352,412$ 65,991,932$ Total Debt Population Debt per Capita 65,991,932$ 14,731 4,480$ Note: Tennessee does not impose a legal debt margin on municipalities. Total General Obligation Bond, Series 2021 Debt Total Debt Payments for FY 2025-26 Total Debt Outstanding Debt per Capita LONG TERM DEBT SCHEDULE Construction of a new animal shelter, fire training facility, street improvements related to the new school, public works facility, and city hall renovations, 2-3%. Funded by a transfer from the General Fund to the Debt Service Fund. 113