FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas

General Obligation Refunding & Improvement Bonds, Series 2009 (Conv. Ctr. Portion) Callable on 2/15/2018 @ par

Annual Debt Service

Period Ending

Principal

Coupon 4.000%

Interest

Debt Service

2/15/2017 8/15/2017 9/30/2017 2/15/2018 8/15/2018 9/30/2018 2/15/2019 9/30/2019

44,134

2,762 1,879

46,896

1,879

48,775

46,011

4.000%

1,879

47,890

959

959

48,849

47,941

4.000%

959

48,900

48,900 146,524

138,087

8,437

146,524

Proceeds from the sale of the Bonds were used to refund a portion of the Series 1998 Certificates of Obligations that were used to (i) construct, improve and equip parks and recreational facilities within the City, (ii) to pay for professional services rendered in connection therewith and (iii) to pay the costs of issuance associated with the Certificates.

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