2020-2021 FY Adopted Budget

Dayton, City of
Texas Municipal Reports
©
(General Obligation Debt) Last Revised: 5/11/2020
TMR # 1367
Liberty County Page 6 of 9
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09/30/19 2,150,000.00 860,099.42 3,010,099.42
09/30/20 2,255,000.00 835,350.00 3,090,350.00
09/30/21 2,550,000.00 1,645,131.64 4,195,131.64
09/30/22 2,715,000.00 1,337,224.00 4,052,224.00
09/30/23 2,945,000.00 1,264,052.00 4,209,052.00
09/30/24 3,450,000.00 1,171,467.00 4,621,467.00
09/30/25 3,470,000.00 1,060,386.00 4,530,386.00
09/30/26 3,385,000.00 952,606.38 4,337,606.38
09/30/27 3,490,000.00 842,300.00 4,332,300.00
09/30/28 3,610,000.00 721,104.38 4,331,104.38
09/30/29 2,000,000.00 623,187.50 2,623,187.50
09/30/30 2,060,000.00 555,478.13 2,615,478.13
09/30/31 1,850,000.00 492,518.75 2,342,518.75
09/30/32 1,915,000.00 428,193.75 2,343,193.75
09/30/33 1,985,000.00 365,356.25 2,350,356.25
09/30/34 2,040,000.00 303,687.50 2,343,687.50
09/30/35 2,110,000.00 238,940.63 2,348,940.63
09/30/36 1,335,000.00 184,400.00 1,519,400.00
09/30/37 1,375,000.00 140,487.50 1,515,487.50
09/30/38 1,415,000.00 95,056.25 1,510,056.25
09/30/39 1,155,000.00 53,531.25 1,208,531.25
09/30/40 1,050,000.00 17,525.00 1,067,525.00
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50,310,000.00 14,188,083.31 64,498,083.31
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COMPUTED ON BASIS OF MANDATORY REDEMPTION
Debt Amortization Rates
% of Principal
Period Ending Principal Retired
09/30/2019 2,150,000.00 04.27%
09/30/2020 2,255,000.00 08.76%
09/30/2021 2,550,000.00 13.82%
09/30/2022 2,715,000.00 19.22%
09/30/2023 2,945,000.00 25.07%
09/30/2024 3,450,000.00 31.93%
09/30/2025 3,470,000.00 38.83%
09/30/2026 3,385,000.00 45.56%
09/30/2027 3,490,000.00 52.49%
09/30/2028 3,610,000.00 59.67%
09/30/2029 2,000,000.00 63.65%
09/30/2030 2,060,000.00 67.74%
09/30/2031 1,850,000.00 71.42%
09/30/2032 1,915,000.00 75.22%
09/30/2033 1,985,000.00 79.17%
09/30/2034 2,040,000.00 83.22%
09/30/2035 2,110,000.00 87.42%
09/30/2036 1,335,000.00 90.07%
09/30/2037 1,375,000.00 92.80%
09/30/2038 1,415,000.00 95.62%
09/30/2039 1,155,000.00 97.91%
09/30/2040 1,050,000.00 100.00%
DEBT SERVICE FUND MANAGEMENT INDEX
G.O. Debt Service Requirements for
fiscal year-ending 09/30/2019 $3,010,099
I&S Fds all G.O. issues 09/30/2018 $2,265,712
2018 I&S Fund Tax Levy @ 90% 1,843,693
Water & Sewer 1,143,947
OPERATING STATEMENT
in the determination of net revenues available for debt service, and in all
instances exclude depreciation, transfers, debt service payments and
expenditures identified as capital.
Fiscal Year Ended
09-30-2019* 09-30-2018 09-30-2017 09-30-2016
Revenues:
Charges for Services $6,177,669 $4,154,525 $3,724,552 $3,363,188
Other 0 43,239 86,333 40,043
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Total Revenues $6,177,669 $4,197,764 $3,810,885 $3,403,231
Expenses $2,416,350 $2,202,489 $1,920,234 $1,856,547
Available For
Debt Service $3,761,319 $1,995,275 $1,890,651 $1,546,684
* Unaudited.
OPERATING DATA
Fiscal Year Ended
9-30-19* 9-30-18 9-30-17 9-30-16
CUSTOMER COUNT:
Sewer 2,330 2,365 2,380 2,772
Water 2,893 1,560,733 2,774 3,130
* Unaudited.
SYSTEM DESCRIPTION AND PERTINENT CONTRACTS
WATER SUPPLY Three wells.
RATES AND FEES
Water Rates
Old Rates (Effective as of July 1, 2016)
Gallons
First 2,000 $18.00 (Min)
Over 2,000 3.55/M
New Rates (Effective as of July 1, 2017)
Gallons
First 2,000 $21.00 (Min)
Over 2,000 3.55/M
Sewer/Wastewater Rates
Old Rates (Effective as of July 1, 2016)
Gallons
First 2,000 $18.00(Min)
Over 2,000 3.55/M
New Rates (Effective as of July 1, 2017)
Gallons
First 2,000 $21.00(Min)
Over 2,000 3.55/M
AUTHORIZED BUT UNISSUED
GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED None*
* Excludes authorizations from the following election proposition(s) because the
remaining authorization is deemed too small or too old:
11/06/2007- $660,000 Utility
WATERWORKS & SEWER SYSTEM OPERATING EXPERIENCE The following condensed
statements have been compiled using accounting principles customarily employed
The Series 2008 Tax Notes are being issued in lieu of the remaining $660,000 of
general obligation bonds approved by voters for Proposition 3 and the City will
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