FY2016-17 Budget Final

BOND DEBT SERVICE City of DeSoto, Texas General Obligation Bonds, Series 2007 (I&S Tax) Callable on 2/15/2017 @ par

Annual Debt Service

Period Ending

Principal 290,000

Coupon 4.000%

Interest 83,234 77,434

Debt Service

2/15/2017 8/15/2017 9/30/2017 2/15/2018 8/15/2018 9/30/2018 2/15/2019 8/15/2019 9/30/2019 2/15/2020 8/15/2020 9/30/2020 2/15/2021 8/15/2021 9/30/2021 2/15/2022 8/15/2022 9/30/2022 2/15/2023 8/15/2023 9/30/2023 2/15/2024 8/15/2024 9/30/2024 2/15/2025 8/15/2025 9/30/2025 2/15/2026 8/15/2026 9/30/2026 2/15/2027 9/30/2027

373,234 77,434

450,669

305,000

4.000%

77,434 71,334

382,434 71,334

453,769

315,000

4.000%

71,334 65,034

386,334 65,034

451,369

330,000

4.100%

65,034 58,269

395,034 58,269

453,304

345,000

4.125%

58,269 51,154

403,269 51,154

454,423

360,000

4.200%

51,154 43,594

411,154 43,594

454,748

375,000

4.250%

43,594 35,625

418,594 35,625

454,219

390,000

4.375%

35,625 27,094

425,625 27,094

452,719

405,000

4.250%

27,094 18,488

432,094 18,488

450,581

425,000

4.250%

18,488

443,488

9,456

9,456

452,944

445,000

4.250%

9,456

454,456

454,456

3,985,000

998,199

4,983,199

4,983,199

Proceeds from the sale of the bonds will be used for (i) constructing and improving streets within the city, (ii) constructing, improving, and equipping fire fighting facilities, (iii) constructing, improving and equipping park and recreation facilities and (iv) paying the costs associated with the issuance of the Bonds.

Made with FlippingBook - Online Brochure Maker