Audit for Fiscal Year Ending June 30, 2017

CITY OF SPENCER SCHEDULE OF INDEBTEDNESS JUNE 30, 2017

Amount of Original Issue

Final Due Date

Interest Rates

Date of Issue

GOVERNMENTAL ACTIVITIES:

GENERAL OBLIGATION BONDS/NOTES: Sewer improvement bond Landfill facility refunding bonds Landfill closure bonds Street improvement bonds West beltway, fire station refunding bonds Corporate purpose and refunding bonds Street improvement note Sewer improvement bond - series 2017

$ 655,000 1.455,000

1-2007 4-2010 2-2009 12-2010 4-2012 5-2013 5-2017 6-2017

6-01-2019

2.75 - 3.00%

426,645 575,000

2.80% 1.50% 1.00 - 1.50%

6-01-2018 6-01-2018 6-01-2022

1,565,000 2,245,000 76,000 1,505,000

2.00% (1)

6-01-2037

TOTAL GENERAL OBLIGATION BONDS/NOTES

OTHER LONG-TERM DEBT: Spencer Municipal Utilities - Shine Brothers loan Spencer Municipal Utilities - E911 Communication loan

0.00%

12-05-2021

11-2006

375,000

0.00%

7-15-2024

12-2014

360,000

TOTAL GOVERNMENTAL ACTIVITIES

BUSINESS TYPE ACTIVITIES:

REVENUE BONDS/NOTES: Sewer revenue bond Sewer revenue bonds (Build America Bonds) Sewer revenue bond - series 2016

3.25% (1) 3.25% (1) (2) 2.00% (1)

6-01-2029 6-01-2032 6-01-2037

10-2009 12-2010 10-2016

1,520,000 7,500,000 3,600,000

TOTAL BUSINESS TYPE ACTIVITIES

Interest rate includes .25% service fee.

(1)

(2) It is anticipated that 35% of the interest (excluding the .25% service fee) will be refunded per the terms of Build America Bonds.

See Accompanying Independent Auditors' Report 47