H&D Fund Proforma Assumptions (Page 3 of 3)
University Overhead Charges H&D projects to transfer $1.4 million to the University annually Debt Assumptions The existing H&D Fund debt service obligation increases from $5.7 million to $6.3 million in 2020 without new debt Assume a 4.5% interest rate for new debt which is 1% higher than the current market Annual debt service on the proposed Bonds will be approximately $2.8 million a year • If interest rates change by 0.5% the annual debt service will change by approximately $150,000 Major Capital Expenditures Assumes $40 million of reinvestment from ongoing revenues and reserves from 2018 to 2027 Investment Earnings Projected at $200,000 per year
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