FYE 14 Budget prelim - City of Norman

CITY OF NORMAN2007A GENERAL OBLIGATION BONDS60-3050Name:Combined Purpose: For various street improvementsIssuer:City of NormanTrustee:J.P. Morgan ChaseAmount: $7,300,000Interest: 3.8% - 4.25%Dated: June 1, 2007Retired: June 1, 2027Source of Funds: Property Tax (mill levy)Paid---------------------------------PrincipalPrincipalBeginning Total EndingFiscal Year Balance Principal Interest Payment Balance--------------------------------- ------------------- ------------------ ------------------ ------------------ ------------------2007-2008 7,300,000 0 301,850 301,850 7,300,0002008-2009 7,300,000 380,000 301,850 681,850 6,920,0002009-2010 6,920,000 380,000 285,700 665,700 6,540,0002010-2011 6,540,000 380,000 269,550 649,550 6,160,0002011-2012 6,160,000 380,000 253,400 633,400 5,780,0002012-2013 5,780,000 380,000 237,250 617,250 5,400,000To be Paid---------------------------------PrincipalPrincipalBeginning Total EndingFiscal Year Balance Principal Interest Payment Balance--------------------------------- ------------------- ------------------ ------------------ ------------------ ------------------2013-2014 5,400,000 380,000 221,100 601,100 5,020,0002014-2015 5,020,000 380,000 204,950 584,950 4,640,0002015-2016 4,640,000 380,000 188,800 568,800 4,260,0002016-2017 4,260,000 380,000 172,650 552,650 3,880,0002017-2018 3,880,000 380,000 157,450 537,450 3,500,0002018-2019 3,500,000 380,000 143,010 523,010 3,120,0002019-2020 3,120,000 380,000 127,810 507,810 2,740,0002020-2021 2,740,000 380,000 112,610 492,610 2,360,0002021-2022 2,360,000 380,000 97,410 477,410 1,980,0002022-2023 1,980,000 380,000 82,210 462,210 1,600,0002023-2024 1,600,000 380,000 67,010 447,010 1,220,0002024-2025 1,220,000 380,000 51,240 431,240 840,0002025-2026 840,000 380,000 35,280 415,280 460,0002026-2027 460,000 460,000 19,320 479,320------------------ ------------------ ------------------07,300,000 3,330,450 10,630,450ANNUAL BUDGET418