FY 2017 - 2018 Audit

CITY OF SPENCER SCHEDULE OF INDEBTEDNESS JUNE 30, 2018

Amount of Original Issue

Interest Rates

Final Due Date

Date of Issue

GOVERNMENTAL ACTIVITI ES:

GENERAL OBLIGATION BONDS/NOTES: Landfill facility refunding bonds Street improvement bonds West beltway, fire station refunding bonds Corporate purpose and refunding bonds Sewer improvement bond - series 2017 General obligation bonds, series 2018 Sewer improvement bond, series 2018

4-2010 12-2010 4-2012 5-2013 6-2017 3-2018 6-2018

$1,455,000 575,000 1,565,000 2,245,000 1,505,000 1,500,000 1,508,000

1.00-1.50%

6-01-2022 6-01-2037 6-01-2028 6-01-2038

2.00% (1)

2.00 - 3.00%

2.00% (1)

TOTAL GENERAL OBLIGATION BONDS/NOTES

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

375,000

12-05-2021

11-2006

0.00%

12-2014

360,000

7-15-2024

0.00%

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) 1.04% (1)

1,520,000 7,500,000 3,960,000

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

10-2009 12-2010 10-2016

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