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Date Principal Coupon Interest Refunded
<br />D/S
<br />2/1/2018
<br />8/2/2018 $29,652.50 $29,652.50
<br />2/1/2019 $150,000 4.40%$29,652.50 $179,652.50
<br />8/1/2019 $26,352.50 $26,352.50
<br />2/1/2020 $155,000 4.60%$26,352.50 $181,352.50
<br />8/1/2020 $22,787.50 $22,787.50
<br />2/1/2021 $160,000 4.80%$22,787.50 $182,787.50
<br />8/1/2021 $18,947.50 $18,947.50
<br />2/1/2022 $170,000 5.00%$18,947.50 $188,947.50
<br />8/1/2022 $14,697.50 $14,697.50
<br />2/1/2023 $180,000 5.10%$14,697.50 $194,697.50
<br />8/1/2023 $10,107.50 $10,107.50
<br />2/1/2024 $190,000 5.20%$10,107.50 $200,107.50
<br />8/1/2024 $5,167.50 $5,167.50
<br />2/1/2025 $195,000 5.30%$5,167.50 $200,167.50
<br /> $1,200,000.00 $255,425.00 $1,455,425.00
<br />Date Principal Coupon Interest Refunded
<br />D/S
<br />2/1/2018
<br />8/2/2018 $24,000.00 $24,000.00
<br />2/1/2019 $150,000 4.00%$24,000.00 $174,000.00
<br />8/1/2019 $21,000.00 $21,000.00
<br />2/1/2020 $155,000 4.00%$21,000.00 $176,000.00
<br />8/1/2020 $17,900.00 $17,900.00
<br />2/1/2021 $160,000 4.00%$17,900.00 $177,900.00
<br />8/1/2021 $14,700.00 $14,700.00
<br />2/1/2022 $170,000 4.00%$14,700.00 $184,700.00
<br />8/1/2022 $11,300.00 $11,300.00
<br />2/1/2023 $180,000 4.00%$11,300.00 $191,300.00
<br />8/1/2023 $7,700.00 $7,700.00
<br />2/1/2024 $190,000 4.00%$7,700.00 $197,700.00
<br />8/1/2024 $3,900.00 $3,900.00
<br />2/1/2025 $195,000 4.00%$3,900.00 $198,900.00
<br /> $1,200,000.00 $201,000.00 $1,401,000.00
<br />$54,425.00
<br />$119,602.08
<br />$15,060.00
<br />$35,500.00
<br />$69,042.08
<br />Note: A 3.75% interfund loan yields an interest savings of $66,987.50
<br />Interest Saved
<br />Interest Savings
<br />Net Savings
<br />2009 HIA Refunding Analysis
<br />Current Debt
<br />Use of 4% Interfund Loan
<br />Refunding Comparison
<br />Less: Underwriter's Discount
<br />Less: Costs of Issuance
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