2025 9 16 Regular Session Packet
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LONG TERM DEBT SCHEDULE GENERAL OBLIGATION BOND, SERIES 2021 | __Debt Type | Acquisition Date | Fiseal 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 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. FY 2045-46 370,000 8,140 378,140 Total General Obligation Bond, Series 2021 Debt $ 6,395,000} $ 1,579,115 | $ 7,974,115 | Principal__| _Interest_ | Total Total Debt Payments for FY 2025-26 $909,420 $998,907 $1,908,327 Total Debt Outstanding $45,639,520 $20,352,412] $65,991,932 Total Debt Debt per Capita Debt per Capita $65,991,932 $14,731 $4,480 Note: Tennessee does not impose a legal debt margin on municipalities. 43