FY 17 Annual Report

CITY OF SPENCER, IOWA Debt Service Fund

2017

2007 G.O. - WTP LAND PURCHASE

#726

1

BOND INFORMATION

Principal payable 6/1, beginning June 1,2008. Interest payable 6/1 and 12/1, beginning December 1, 2007. Original Principal Amount: $655,000 These bonds were issued to provide funds to pay the cost or a potion of the cost of the acquisition of land to use in connection with the

operation of the City's wastewater treatment plant and to pay other costs in connection therewith. These bonds were called for early prepayment in FY17 and this bond has been repaid in full.

FY 2017 PAYMENTS

PRINCIPAL PAYMENT

INTEREST PAYMENT

OTHER FEES

TOTAL PAYMENT

415,000.00

18,301.50

-

433,301.50

PRINCIPAL AND INTEREST OUTSTANDING

Payments

Principal Outstanding Beginning of Fiscal Year

Fiscal Year

Coupon Rate

Paid from Property Tax Revenue

Principal

Total

Interest

2018 2019 2020 2021 2022 2023 2024 2025 2026

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41% 4.41%

Totals as of 6/30/2017

-

-

-

-

Notes due after June 1, 2016 are subject to call on said date or any date thereafter upon terms of par plus accrued interest to date of call.

DEBT SERVICE