FY 18 Annual Report

2017 SRF - 4th Ave W Sewer Separation

Principal payable 6/1, beginning June 1, 2018. Interest payable 6/1 and 12/1, beginning June 1, 2017. Estimated Original Principal Amount: $1,505,000 Borrowed Principal Amount through June 30, 2018: $1,477,999.08

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 project is complete.

Principal and Interest Outstanding (Estimated)

Principal Outstanding Beginning of Fiscal Year

Payments

Paid from Property Tax Revenue

FISCAL YEAR

Coupon Rate

Principal

Interest

Total

2019 2020 2022 2021 2023 2026 2025 2024 2027 2030 2029 2028 2031 2034 2033 2032 2035 2037 2036

65,000 67,000 70,000 69,000 71,000 76,000 74,000 73,000 77,000 82,000 80,000 79,000 84,000 89,000 87,000 85,000 90,000 94,000 92,000

26,320 25,183 22,803 24,010 21,578 17,763 19,058 20,335 16,433 12,303 13,703 15,085 10,868

91,320 92,183 92,803 93,010 92,578 93,763 93,058 93,335 93,433 94,303 93,703 94,085 94,868 95,388 94,910 94,398 94,830 95,645 95,255

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

1,303,000.00 1,372,000.00 1,439,000.00 1,233,000.00 1,504,000.00 1,015,000.00 1,089,000.00 1,162,000.00 939,000.00 703,000.00 783,000.00 862,000.00 621,000.00 365,000.00 452,000.00 537,000.00 276,000.00 94,000.00 186,000.00

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%

6,388 7,910 9,398 4,830 1,645 3,255

Totals as of 6/30/2018

1,504,000.00

278,862.50

1,782,862.50

-

Bonds MAY be subject to early redemption with prior approval of the Iowa Finance Authority.

116