Debt Schedule The following information includes various summaries and a complete debt service pro-forma illustrating current principal & interest obligations for the City of Tonganoxie as of December 31, 2025.
Debt Obligation Type
Principal Outstanding 1/1/2026
2026 Principal & Interest Due
Principal Outstanding 12/31/2026
GO Bond
5,510,000
779,633
4,895,000
Lease Purchase
818,767
126,851
711,198
Temporary Note
0
0
0
Total
6,328,767
906,483
5,606,198
The City approved Ordinance No. 1528 on April 7, 2025, which authorized the City to enter into a loan agreement with KDHE through the Kansas Water Pollution Control Revolving Fund (KWPCRF) for a principal amount of $5,000,000 to fund the construction of the City’s Wastewater Treatment Plant Improvements Project (Phase 1). At the October 6, 2025, City Council meeting City staff and Thaniel Monaco with BG Consultants, Inc. presented the results of the bid opening for the City’s WWTP Improvements Project (Phase 1) held on October 3, 2025, and reviewed the analysis of the bids and recommendations for award of the bid. Based on the outcome of the recommended bid the City needed to obtain additional funding from the KDHE KWPCRF Loan Program (Project No. C20 3067 01) for the project. The City requested consideration of the loan agreement amendment and on November 17, 2025, the City Council authorized the completion of the loan agreement amending the total principal amount for the loan to $6,249,700. As this loan program is not planned to begin principal & interest repayments until March 2027 and no remittances of loan funding have been provided to the City as of 12/31/2025 it is not yet reported within the principal outstanding values shown at the top of this page.
Annual Principal & Interest Due (starting in 2027)
Loan Program
Principal
Gross Interest Rate
Water Operations
$6,349,700
2.48%
$404,628.44
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