Debt Pro Forma
2024
2025
2026
2027
2028
2029
2030 2031
Bond Debt 2013B Refund KDHE/KDOT
$
630,978 $
634,278 $
177,278 $
178,635 $
174,875 $
175,875 131,750 $ $ 128,375
101,650 261,500 113,070 123,635
104,100 261,850 111,170 121,635
106,400 262,050 114,270 119,635
98,550 262,100 112,270 122,635
100,850 262,000 110,270 120,535
103,000
-
-
2017A Refinan. 07A & 09A
261,750 261,350 113,270 111,170 123,330 120,910
260,800 114,070 118,380
2018A Library Construct.
2022A Interceptor Sewer
2022B - Indust. Park Taxable
Excluded
Excluded
-
-
-
-
-
-
2023A TN - Water Tower
$ 1,230,833 1,233,033 $ $
779,633 $
774,190 $
768,530 $
777,225 625,180 $ $ 621,625
Inter-Local Debt No Current Inter-local Debt
$ $
- -
$ $
- -
$ $
- -
$ $
- -
$ $
- -
$ $
- -
$ $
- -
$ $
- -
Lease-Purchase Debt 2016 City Hall/Police Station
$
69,014 $
69,276 $
69,546 $
69,823 $
70,108 $
70,402 $
70,705 $
71,016
22,613 34,692
22,613 34,692
22,613 34,692
22,613 34,692
22,613 34,692
22,613
11,286
- -
2020 Street Sweeper
-
-
2018 Fire Pumper
$
126,319 $
126,581 $
126,851 $
127,128 $
127,413 $
93,015 $
81,991 $
71,016
$ 1,357,152 1,359,614 $ $
906,484 $
901,318 $
895,943 $
870,240 707,171 $ $ 692,641
Total Debt Obligations
Credit Rating Summary
Rating Description
Date
Rating
Rating Detail
Series 2022A/B Debt
2/2/2022 A2 - Moodys Considered upper medium grade and subject to low credit risk.
Other Outstanding GO Debt
2/2/2022 A2 - Moodys Considered upper medium grade and subject to low credit risk.
Temp Notes Series 2022C
2/2/2022 MIG 1 - Moodys Reflects long-term credit quality of City,history of market access & cash position.
Note - Long-Term Debt Ratings are opinion of credit risk, or likelihood of default, for obligations with an original maturity of >1 year.
Debt Information
Debt Name
Date of Issue
Original Amt
Purpose
Maturity
2013B Refund KDHE/KDOT
1/29/2013
6,355,000 Refinance KDHE loans for water & sewer, KDOT loans for 24-40/Main & 2nd/Cox
8/1/2031
2017A Refinan. 07A & 09A
11/21/2017
1,860,000 Refinance 2007A and 2009A issuances. 2007A was for the Public Works facility.
9/1/2029
2018A Library Construction
4/19/2018
3,660,000 Property acquisition & construction of new Public Library at 217 E 4th
9/1/2038
2022A Interceptor Sewer
2/28/2022
1,060,000 Construction of an Interceptor Sewer from Tonganoxie Bus. Park to City plant
9/1/2032
2022B - Indust. Park Taxable
3/3/2022
1,185,000 Refund 2013 refin of 2010 issuance for 2008 acq. of 240 acre business park
9/1/2033
2023A TN - Water Tower
2/28/2023
2,380,000 2022/2024 Business Park Water Tower construction temp note financing
3/1/2025
2016 City Hall/Police Station
2/2/2016
1,100,000 Lease Purchase for Improvements to New City Hall and Police Station
9/1/2035
2018 Fire Pumper
12/14/2018
300,449 Lease Purchase of a 2018 Pierce Saber Pumper Fire Truck
9/1/2028
2020 Street Sweeper
7/1/2020
209,888 2020 Elgin Pelican Street Sweeper
3/1/2030
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