FY2016-17 Budget Final

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

Annual Debt Service

Period Ending

Principal 105,000

Coupon 4.000%

Interest 29,345 27,245

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

134,345 27,245

161,590

110,000

4.000%

27,245 25,045

137,245 25,045

162,290

110,000

4.000%

25,045 22,845

135,045 22,845

157,890

115,000

4.100%

22,845 20,488

137,845 20,488

158,333

120,000

4.125%

20,488 18,013

140,488 18,013

158,500

125,000

4.200%

18,013 15,388

143,013 15,388

158,400

130,000

4.250%

15,388 12,625

145,388 12,625

158,013

140,000

4.375%

12,625

152,625

9,563

9,563

162,188

145,000

4.250%

9,563 6,481

154,563

6,481

161,044

150,000

4.250%

6,481 3,294

156,481

3,294

159,775

155,000

4.250%

3,294

158,294

158,294

1,405,000

351,315

1,756,315

1,756,315

Proceeds from the sale of the Certificates will be used (i) to construct and improve streets within the City including related traffic signalization, signage, sidewalks, landscaping and drainage improvements, and acquisition of land and right of way therefor and (ii) to pay the costs associated with the issuance of the Certificates.

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