2025 10 13 Work Session Packet

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LONG TERM DEBT SCHEDULE

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

Construction of'a new animal FY 2026-27 245,000 133,215 378,215
shelter, fire training facility) FY 2027-28 255,000 125,865 380,865
street improvements related FY 2028-29 260,000 118,215 378,215
to the new school, public FY 2029-30 270,000 110,415 380,415
works facility, and city hall FY 2030-31 275,000 105,015 380,015
renovations, 2-3%.
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
Funded by a transfer from FY 2034-35 300,000 82,415 382,415
the General Fund to the Debt FY 2035-36 305,000 76,415 381,415
Service Fund. 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

Total General Obligation Bond, Series 2021 Debt $ 6,395,000 | $ 1,579,115 | $ 7,974,115
| Prineipal__| Interest | Total__|

Total Debt Payments for FY 2025-26 $909,420 $998,907 $1,908,327

| Principal | Interest | ‘Total_|
Total Debt Outstanding $45,639,520] $20,352,412] $65,991,932

Total Debt Debt per Capit
Debt per Capita $65,991,932 $14,731 $4,480

Note: Tennessee does not impose a legal debt margin on municipalities.

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