FY 17 Annual Report

STATEMENT OF INDEBTEDNESS

2017

CITY OF SPENCER, IOWA

Principal Outstanding June 30, 2017

Fiscal Year Debt Paid in Full

FY 2018 Debt Payment

Issue / Use of Funds

Date of Issue

Amount of Issue

2007 G.O. - WTP Land Purchase (Farmer's) 2009 G.O. - Landfill Closure (SRF) 2010 G.O. - Landfill Refunding 2010 G.O. - GIC Street Imp (State Bank) 2012 G.O. - W. Beltway/Fire St. Refunding 2013 G.O. - W. 18th/W 4th/Refunding

1/15/2007 2/11/2009 4/12/2010 12/1/2010 4/26/2012 5/22/2013 6/9/2017 12/1/2014 4/15/2013

$ $ $ $ $ $ $ $ $

655,000 426,645

2026 2028 2019 2018 2018 2022 2037 2025 2018

- -

- -

1,455,000

305,000 85,000 135,000 695,000 384,768 288,000 60,000

305,000 85,000 135,000 125,000

575,000

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

2017 G.O. - 4th Ave W (SRF) *

1,000

REDLG Loan

360,000 270,000

36,000 60,000

Internal Loan - TIF Advance

TOTAL GENERAL OBLIGATION DEBT

$

9,056,645

$

1,952,768

$

747,000

2008 SRF - WTP Improvements 2010 SRF - CSI Improvements 2016 SRF - WTP Improvements *

10/2/2009 12/22/2010 10/7/2016

$ $ $

1,520,000 7,500,000 3,900,000

2029 2032 2037

1,023,000 6,049,000 3,320,637

71,000 319,000

-

TOTAL REVENUE DEBT

$

12,920,000

$

10,392,637

$

390,000

DEBT SERVICE