FY 17 Annual Report

CITY OF SPENCER, IOWA Debt Service Fund

2017

1 2017 SRF - 4TH AVE W SEWER SEPERATION BOND INFORMATION

Principal payable 6/1, beginning June 1, 2013. Interest payable 6/1 and 12/1, beginning June 1, 2017. Estimated Original Principal Amount: $1,505,000 Borrowed Principal Amount through June 30, 2017: $384,767.71 These bonds were issued through the Iowa Finance Authority's State Revolving Loan Fund for the 4th Avenue West Storm Sewer Separation Project. The final amount of principal borrowed, as well as the final amortization schedule will be determined once the proejct is complete.

FY 2017 PAYMENTS

PRINCIPAL PAYMENT

INTEREST PAYMENT

OTHER FEES

TOTAL PAYMENT

175.39

175.39

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 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037

- - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - -

1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75%

Totals as of 6/30/2016

-

-

-

-

DEBT SERVICE