HomeMy WebLinkAbout2020/11/17-Attachments-Table B-5 - FY 2021 Maj. Improv. Budget.pdfTable B-5
Budget for the Major Improvement Annual Installments
To be collected for Fiscal Year 2021
Major Improvement
Bonds
Interest payment on March 1, 2021
$319,860.27
Interest payment on September 1, 2021
$319,860.27
Principal payment on September 1, 2021
$480,000.00
Subtotal debt service on bonds
$1,119,720.53
Administrative expenses
$79,424.23
Additional interest for Delinquency and Prepayment Reserves
$63,355.23
Total Uses
$1,262,500.00
Available reserve fund income
($40,746.04)
Available capitalized interest funds
$0.00
Available administrative expense funds
($43,753.96)
Subtotal funds available
($84,500.00)
Annual Installments
$1,178,000.00
Total Sources
$1,262,500.00