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1
<br /> debt
<br /> Fire Tax
<br /> S Improvement Increment Water Golf
<br /> Bonds Bonds Bonds Bonds Total
<br /> Revenues:
<br /> Property taxes $87,638 $0 $0 $0 $87,638
<br /> Tax increment 0 455,331 0 0 455,331
<br /> User fees 0 260,851 184,240 445,091
<br /> Interest earinings 0 63,096 124,287 0 187,383
<br /> Use of reserves 0 2,170,000 0 0 2,170,000
<br /> TOTAL $87 638 $2 688 427 $385 138 $184 240 $3 345 443
<br /> Outlays:
<br /> Principal $32,010 $2,170,000 $95,000 $0 $2,297,010
<br /> Interest 55,478 516,927 289,388 183,490 1,045,283
<br /> Paying agent fees 150 1,500 750 750 3,150
<br /> TOTAL $87,638 $2,688,427 $385,138 $184,240_ $3,345,443
<br /> Outstanding Bonds
<br /> Beginning of year $756,600 $8,935,000 $4,850,000 $3,090,000 $17,631,600
<br /> Less payments in 1997 32,010 (2,170,000; (95,000; 0 (2,232,990:
<br /> Total outstanding 788,610 6,765,000 4,755,000 3,090,000 15,398,610
<br /> Less:
<br /> Refunded debt(1) 0 0 (2,230,000; 0 (2,230,000;
<br /> INet debt outstanding,
<br /> end of year $788,610 $6,765,000 $2,525,000 $3,090,000 $13,168,610
<br /> (I) Amounts represent bonds that were refinanced,however,due to original loan requirements,the original bonds could not be
<br /> paid off until a future date,therefore,the money from the new debt was deposited at a financial institution;interest on the
<br /> money pays interest costs,and at a future date,the money pays off the original bonds.
<br /> •
<br /> 10/03/97 01:09 PM BDGT8MVM.WK4 debt
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