School Bonding Program and Bond Debt Service Discussion
Bond Debt Service Scenarios (Continued)
Summary of Scenarios
Scenario 20yr Lvl Prin
20yr Lvl D/S
Project Funds
Total Debt Service
Avg Annual Debt Service
$250,000,000
$361,348,000
$250,000,000
30yr Lvl Prin
$250,000,000
30yr Lvl D/S
25,000,000
$250,000,000
$381,287,000
$430,628,000
$480,014,500| 20,000,000
$18,067,400
$19,064,350
True Interest Cost (Rate)
4.29%
4.40%
$14,354,267
4.69%
$16,000,483 15,000,000
4.85%
Annual Debt Service Schedules
10,000,000
5,000,000
Year
20yr Lvl Prin
20yr Lvl D/S
30yr Lvl Prin
2024
$11,849,000
$9,529,500
$10,110,750
30yr Lvl D/S
$7,999,250
0
2025
11,552,750
9,530,000
9,908,500
8,001,750
2026
11,256,500
9,531,500
9,706,250
7,999,500
2027
22,809,250
19,063,000
19,614,750
16,001,750 25,000,000
2028
22,216,750
19,060,500
19,210,250
2029
21,624,250
19,063,750
18,805,750
2030
21,031,750
19,066,500
18,401,250
2031
20,439,250
19,062,750
17,996,750
2032
19,846,750
19,066,750
17,592,250
2033
19,254,250
19,067,000
17,187,750
16,002,000
16,002,250
16,002,000 15,000,000
16,000,750 10,000,000
16,003,000
15,998,000
20,000,000
2034
18,661,750
19,062,500
16,783,250
16,000,500
5,000,000
0
2035
18,069,250
19,067,250
16,378,750
15,999,500
2036
17,476,750
19,064,500
15,974,250
15,999,500
2037
16,884,250
19,063,250
15,569,750
15,999,750
25,000,000
2038
16,291,750
19,067,000
15,165,250
2039
15,699,250
19,064,000
14,760,750
2040
15,101,750
19,063,000
14,356,250
15,999,500
16,003,000 20,000,000
15,999,250
15,000,000
2041
14,509,500
19,067,250
2042
13,917,250
19,064,750
13,951,750
13,547,250
16,002,750
2043
13,320,000
19,064,000
13,142,750
2044
6,808,000
9,533,000
12,738,250
16,002,250 10,000,000
16,002,000
16,001,000
5,000,000
2045
6,512,000
9,531,250
12,333,750
15,998,250
0
2046
6,216,000
9,534,000
11,929,250
16,002,750
2047
11,519,750
15,998,000
2048
11,115,500
15,998,250
20,000,000
2049
10,711,250
16,002,000
2050
10,302,000
15,997,750 15,000,000
2051
9,898,000
15,999,500
2052
9,494,000
16,000,500 10,000,000
2053
9,090,000
15,999,250
2054
4,646,000
7,999,250 5,000,000
2055
4,444,000
7,998,750
2056
4,242,000
8,001,000
Total
$361,348,000 $381,287,000 $430,628,000
$480,014,500
10
20-Year Level Principal Amortization
Principal Interest
20-Year Level Debt Service Amortization
Principal Interest
30-Year Level Principal Amortization
Principal Interest
30-Year Level Debt Service Amortization
0
Principal Interest
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