2011T12 ANNUAL BUDGET - Granite School District
2011T12 ANNUAL BUDGET - Granite School District
2011T12 ANNUAL BUDGET - Granite School District
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<strong>Granite</strong> <strong>School</strong> <strong>District</strong><br />
Debt Service Fund<br />
Debt Service Schedule - Estimated<br />
Fiscal Year Principal Interest<br />
Total Principal &<br />
Interest<br />
Federal<br />
Credit<br />
2010-11 $ 14,220,000 $ 3,702,589 $ 17,922,589 $ 924,457<br />
2011-12 9,999,234 7,494,635 17,493,869 894,635<br />
2012-13 5,670,383 7,115,380 12,785,763 894,635<br />
2013-14 5,930,383 6,875,649 12,806,032 894,635<br />
2014-15 6,055,000 6,640,813 12,695,813 894,635<br />
2015-16 6,085,000 6,400,924 12,485,924 894,635<br />
2016-17 6,510,000 6,140,880 12,650,880 894,635<br />
2017-18 6,940,000 5,860,906 12,800,906 894,635<br />
2018-19 7,275,000 5,560,806 12,835,806 894,635<br />
2019-20 7,710,000 5,269,169 12,979,169 855,711<br />
2020-21 8,300,000 4,955,350 13,255,350 810,886<br />
2021-22 8,845,000 4,611,863 13,456,863 758,300<br />
2022-23 9,350,000 4,239,595 13,589,595 698,332<br />
2023-24 9,765,000 3,841,484 13,606,484 632,149<br />
2024-25 10,290,000 3,419,182 13,709,182 560,466<br />
2025-26 11,085,000 2,968,998 14,053,998 482,131<br />
2026-27 11,445,000 2,480,314 13,925,314 393,702<br />
2027-28 11,825,000 1,971,222 13,796,222 301,720<br />
2028-29 12,250,000 1,440,733 13,690,733 206,113<br />
2029-30 12,895,000 886,874 13,781,874 106,812<br />
2030-31 7,555,000 297,947 7,852,947 -<br />
Total $ 190,000,000 $ 92,175,313 $ 282,175,313 $ 13,887,859<br />
The district anticipates issuing $110 million of general obligation bonds in July 2011. The debt<br />
service schedule for those bonds has not yet been finalized. The numbers shown above have<br />
been estimated.<br />
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