CITY OF SEALY, TEXAS ADOPTED ANNUAL BUDGET OCTOBER 1, 2018 TO SEPTEMBER 30, 2019

Size: px

Start display at page:

Download "CITY OF SEALY, TEXAS ADOPTED ANNUAL BUDGET OCTOBER 1, 2018 TO SEPTEMBER 30, 2019"

Juniper Bruce
5 years ago
Views:

1 CITY OF SEALY, TEXAS ADOPTED ANNUAL BUDGET OCTOBER 1, 2018 TO SEPTEMBER 30, 2019 This budget will raise more revenue from property taxes than last year s budget by an amount of $103,830, which is a 3.6 percent increase from last year s budget. The property tax revenue to be raised from new property added to the tax roll this year is $88,723. RECORD OF CITY COUNCIL S VOTE ON PROPOSAL TO CONSIDER ADOPTION OF BUDGET PRESENT POSITION NAME FOR AGAINST and not voting ABSENT Mayor Janice Whitehead X Council Member, Place 1 Dee Anne Lerma X Council Member, Place 2 Chris Noack X Council Member, Place 3 Sandra Vrablec X Council Member, Place 4 Jennifer Sullivan X Council Member, Place 5 Larry W. Koy X Council Member, Place 6 John Hinze X PROPERTY TAX RATE COMPARISON (Rates expressed per $100 of value) TAX RATE TAX YEAR 2017 TAX YEAR 2018 Property Tax Rate $ $ Effective Tax Rate $ $ Effective Maintenance and Operations Tax Rate $ $ Debt Rate $ $ Rollback Tax Rate $ $ TOTAL AMOUNT OF MUNICIPAL DEBT OBLIGATIONS SECURED BY PROPERTY TAXES DEBT ISSUE PRINCIPAL INTEREST TOTALS 2010 Certificates of Obligation $ 4,670,000 $ 1,336,331 $ 6,006, Certificates of Obligation $ 1,500,000 $ 301,440 $ 1,801, Certificates of Obligation $ 13,400,000 $ 6,039,700 $ 19,439, General Obligation Refunding Bonds $ 470,000 $ 22,673 $ 492, Certificates of Obligation $ 10,725,000 $ 4,987,824 $ 15,712,824 TOTALS $ 30,765,000 $ 12,687,968 $ 43,452,968

2 :57 AM CITY OF SEALY PAGE: 91 APPROVED BUDGET AS OF: OCTOBER 1, DEBT SERVICE FUND ( )( ) CURRENT YEAR-TO-DATE PROJECTED PROPOSED APPROVED REVENUES ACTUAL ACTUAL BUDGET ACTUAL YEAR END BUDGET BUDGET TAXES Property Taxes - Current 1,587,979 1,580,492 1,571,152 1,585,433 1,580,000 1,535,527 1,535, Property Taxes - Delinquent 3,715 8,161 6,000 18,327 15,700 15,000 15, Property Taxes - Penalty & Int 9,639 12,425 6,000 13,580 11,700 11,000 11,000 TOTAL TAXES 1,601,334 1,601,078 1,583,152 1,617,340 1,607,400 1,561,527 1,561, Property Taxes - Current NEXT YEAR NOTES: $766,042,600 taxable value x $ I&S tax rate / $100 x 98% collection rate INTERGOVERNMENTAL Intergovernmental Contribution 80,350 79,000 77,538 77,538 77,538 80,963 80, COs principal , COs interest ,963 TOTAL INTERGOVERNMENTAL 80,350 79,000 77,538 77,538 77,538 80,963 80, Intergovernmental ContribuNEXT YEAR NOTES: Sealy Economic Development Corporation's contribution toward FY 2019 debt service payment on Series 2010 Certificates of Obligation INVESTMENT INCOME Interest Earnings 1,541 2,737 2,000 14,547 11,586 13,000 13,000 TOTAL INVESTMENT INCOME 1,541 2,737 2,000 14,547 11,586 13,000 13,000 OTHER FINANCING SOURCES Proceeds of Debt Issuance 1,030, Transfers In TOTAL OTHER FINANCING SOURCES 1,030, TOTAL REVENUES 2,713,225 1,682,857 1,662,690 1,709,425 1,696,524 1,655,490 1,655,490 =========== =========== =========== =========== =========== ============ ============

3 :57 AM CITY OF SEALY PAGE: 92 APPROVED BUDGET AS OF: OCTOBER 1, DEBT SERVICE FUND DEBT SERVICE ( )( ) CURRENT YEAR-TO-DATE PROJECTED PROPOSED APPROVED DEPARTMENTAL EXPENDITURES ACTUAL ACTUAL BUDGET ACTUAL YEAR END BUDGET BUDGET OPERATIONS DEBT SERVICE Principal Retirement 810, , , , , , , Certificates of Ob , Certificates of Ob , Certificates of Ob , Gen Oblig Refundin , Interest Paid 834, , , , , , , Certificates of Ob , Certificates of Ob , Certificates of Ob , Gen Oblig Refundin , Fiscal Agent Fees Certificates of Ob Debt Issuance Costs 38, Pmt Refund'g Bond Escrow A 1,001, TOTAL DEBT SERVICE 2,685,866 1,647,095 1,647,229 1,647,228 1,647,229 1,647,858 1,647,858 OTHER FINANCING USES TOTAL DEBT SERVICE 2,685,866 1,647,095 1,647,229 1,647,228 1,647,229 1,647,858 1,647,858

4 :57 AM CITY OF SEALY PAGE: 93 APPROVED BUDGET AS OF: OCTOBER 1, DEBT SERVICE FUND NON-DEPARTMENTAL ( )( ) CURRENT YEAR-TO-DATE PROJECTED PROPOSED APPROVED DEPARTMENTAL EXPENDITURES ACTUAL ACTUAL BUDGET ACTUAL YEAR END BUDGET BUDGET OPERATIONS Service/Finance Charges TOTAL OPERATIONS OTHER FINANCING USES Fund Balance Addition ,632 7,632 TOTAL OTHER FINANCING USES ,632 7,632 TOTAL NON-DEPARTMENTAL ,632 7,632 TOTAL EXPENDITURES 2,685,866 1,647,095 1,647,229 1,647,302 1,647,289 1,655,490 1,655,490 =========== =========== =========== =========== =========== ============ ============ REVENUE OVER/(UNDER) EXPENDITURES 27,358 35,761 15,461 62,123 49, =========== =========== =========== =========== =========== ============ ============

5 CITY OF SEALY, TEXAS INFORMATION ON OUTSTANDING GENERAL OBLIGATION DEBT OBLIGATIONS DEBT OBLIGATION Combination Tax & Revenue Certificates of Obligation, Series 2010 Combination Tax & Revenue Certificates of Obligation, Series 2011 Combination Tax & Revenue Certificates of Obligation, Series 2015 General Obligation Refunding Bonds, Series 2016 Combination Tax & Revenue Certificates of Obligation, Series 2018 PURPOSE To pay contractual obligations incurred for (1) design and construction of a police department facility; (2) design of city hall; (3) park facility construction and improvements; (4) street and road improvements and construction; (5) design and construction of a quiet zone for north/south BNSF train; (6) design and construction of sidewalks and trail program; (7) natural gas system and facilities construction and improvements; (8) acquisition of communication equipment for police and emergency management; (9) water and sanitary sewer improvements and construction; and (10) certain other costs related or incidental thereto, and to pay for professional services relating thereto and the issuance costs of the Certificates To pay contractual obligations incurred for (1) the State Highway 36 utility rehabilitation project, including the design and construction thereof; (2) construction, design, paving, and drainage improvements to Miller Road; (3) City-wide utility improvements and expansions; and (4) certain other costs related or incidental thereto, including costs associated with the issuance of the Certificates To pay contractual obligations incurred for the purchase of materials, supplies, equipment, machinery, buildings, land and rights-of-way for authorized needs and purposes, and for the payment of contractual obligations for professional services, including: (i) wastewater treatment plant expansion and renovation and collection line rehabilitation and installation, (ii) the acquisition of an emergency generator and related fencing for the police station, (iii) the construction and equipment of an indoor recreation facility and pavilion, (iv) the construction and equipment of a water well and related elevated and ground storage facilities and distribution lines, (v) the construction and installation of water distribution lines and sanitary sewer collection lines, (vi) the construction of a wastewater lift station with related collection lines and equipment, and (vii) professional services rendered in connection with the above listed projects To refund a portion of Tax and Waterworks and Sewer System Surplus Revenue Certificates of Obligation, Series 1997, and a portion of Tax and Waterworks and Sewer System Surplus Revenue Certificates of Obligation, Series 2003 Proceeds from the sale of the Certificates will be used for (i) improvements and repairs to the City s street, drainage and utility system, (ii) improvements and repairs to the City s water, sanitary sewer and waste water system, (iii) revitalization, improvements and repairs to Main Street; and (iv) to pay the costs of issuance of the Certificates. DATE OF ISSUE FINAL MATURITY ORIGINAL ISSUE AMOUNT ENABLING LEGISLATION 6/1/2010 9/1/2030 $ 6,150,000 Ordinance # /11/2011 9/1/2026 $ 1,640,000 Ordinance # /1/2015 9/1/2035 $ 14,380,000 Ordinance # /12/2016 9/1/2023 $ 1,030,000 Ordinance # /4/2018 9/1/2038 $ 10,725,000 Ordinance #

6 Outstanding General Obligation Debt Service (Financial Advisor)

7 Outstanding General Obligation Debt Service Table of Contents Section 1: Section 2: Section 3: Section 4: Outstanding General Obligation Debt Service by Principal and Interest Outstanding General Obligation Debt Service by Series - Annualized Outstanding General Obligation Debt Service by Series Semi-Annual Outstanding General Obligation Debt Service Payable from Other Sources

8 Outstanding General Obligation Debt Service Section 1 Outstanding General Obligation Debt Service by Principal and Interest

$2,800,000 $2,400,000 $2,000,000 $1,600,000 $1,200,000 $800,000 $400,000 $0 2018/19 2019/20 2020/21 2021/22

2035/36 2036/37 2037/38 Outstanding General Obligation Debt Service by Principal and Interest Annual Bond

9 $2,800,000 $2,400,000 $2,000,000 $1,600,000 $1,200,000 $800,000 $400,000 $0 2018/ / / / / / / / / / / / / / / / / / / /38 Outstanding General Obligation Debt Service by Principal and Interest Annual Bond Payments Principal Interest Note: Debt service payments reflect payments from October 1 through September

10 Outstanding General Obligation Debt Service by Principal and Interest Annual Year Principal Interest Debt Service 2018/19 $ 1,010, $ 1,174, $ 2,184, /20 1,145, ,179, ,324, /21 1,320, ,133, ,453, /22 1,370, ,079, ,449, /23 1,430, ,023, ,453, /24 1,500, , ,464, /25 1,565, , ,465, /26 1,630, , ,463, /27 1,705, , ,468, /28 1,775, , ,465, /29 1,845, , ,465, /30 1,920, , ,466, /31 1,910, , ,383, /32 1,985, , ,386, /33 2,055, , ,381, /34 2,135, , ,382, /35 2,215, , ,380, /36 725, , , /37 750, , , /38 775, , , Total $ 30,765, $ 12,687, $ 43,452, Note: Debt service payments reflect payments from October 1 through September

11 Semi-Annual General Obligation Debt Service by Principal and Interest Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 567, $ 567, /01/19 $ 1,010, , ,617, $ 2,184, /01/20-589, , /01/20 1,145, , ,734, ,324, /01/21-566, , /01/21 1,320, , ,886, ,453, /01/22-539, , /01/22 1,370, , ,909, ,449, /01/23-511, , /01/23 1,430, , ,941, ,453, /01/24-482, , /01/24 1,500, , ,982, ,464, /01/25-450, , /01/25 1,565, , ,015, ,465, /01/26-416, , /01/26 1,630, , ,046, ,463, /01/27-381, , /01/27 1,705, , ,086, ,468, /01/28-345, , /01/28 1,775, , ,120, ,465, /01/29-310, , /01/29 1,845, , ,155, ,465, /01/30-273, , /01/30 1,920, , ,193, ,466, /01/31-236, , /01/31 1,910, , ,146, ,383, /01/32-200, , /01/32 1,985, , ,185, ,386, /01/33-163, , /01/33 2,055, , ,218, ,381, /01/34-123, , /01/34 2,135, , ,258, ,382, /01/35-82, , /01/35 2,215, , ,297, ,380, /01/36-40, , /01/36 725, , , , /01/37-27, , /01/37 750, , , , /01/38-14, , /01/38 775, , , , Total $ 30,765, $ 12,687, $ 43,452, $ 43,452, Note: Debt service payments reflect payments from October 1 through September

12 Outstanding General Obligation Debt Service Section 2 Outstanding General Obligation Debt Service by Series - Annualized

$2,800,000 Outstanding General Obligation Debt Service by Series $2,400,000 $2,000,000 $1,600,000 $1,200,000 $800,000 $400,000 $0 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

13 $2,800,000 Outstanding General Obligation Debt Service by Series $2,400,000 $2,000,000 $1,600,000 $1,200,000 $800,000 $400,000 $0 2018/ / / / / / / / / / / / / / / / / / / /38 Annual Bond Payments Combination Tax & Revenue Cert. of Oblig., Series 2010 Combination Tax & Revenue Cert. of Oblig., Series 2011 Combination Tax & Revenue Cert. of Oblig., Series 2015 General Obligation Refunding Bonds, Series 2016 Combination Tax & Revenue Cert. of Oblig., Series 2018 Note: Debt service payments reflect payments from October 1 through September

14 General Obligation Debt Service By Series Combination Combination Combination Combination Tax & Revenue Tax & Revenue Tax & Revenue General Obligation Tax & Revenue Cert. of Oblig., Cert. of Oblig., Cert. of Oblig., Refunding Bonds, Cert. of Oblig., Annual Year Series 2010 Series 2011 Series 2015 Series 2016 Series 2018 Debt Service 2018/19 $ 505, $ 182, $ 861, $ 97, $ 537, $ 2,184, /20 502, , , , , ,324, /21 504, , , , , ,453, /22 501, , , , , ,449, /23 502, , , , , ,453, /24 497, , , , ,464, /25 497, , , , ,465, /26 496, , , , ,463, /27 500, ,160, , ,468, /28 498, ,160, , ,465, /29 499, ,160, , ,465, /30 500, ,159, , ,466, / ,575, , ,383, / ,579, , ,386, / ,575, , ,381, / ,579, , ,382, / ,575, , ,380, / , , / , , / , , Total $ 6,006, $ 1,801, $ 19,439, $ 492, $ 15,712, $ 43,452, Note: Debt service payments reflect payments from October 1 through September

15 Combination Tax & Revenue Certificates of Obligation, Series 2010 Date Principal Interest Debt Service 09/30/19 $ 315, $ 190, $ 505, /30/20 325, , , /30/21 340, (a) 164, , /30/22 350, (a) 151, , /30/23 365, (a) 137, , /30/24 375, (a) 122, , /30/25 390, (a) 107, , /30/26 405, (a) 91, , /30/27 425, (a) 75, , /30/28 440, (a) 58, , /30/29 460, (a) 39, , /30/30 480, (a) 20, , Total $ 4,670, $ 1,336, $ 6,006, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2020 Paying Agent Information for Series 2010 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas

16 Combination Tax & Revenue Certificates of Obligation, Series 2011 Date Principal Interest Debt Service 09/30/19 $ 125, $ 57, $ 182, /30/20 135, , , /30/21 135, , , /30/22 140, (a) 42, , /30/23 145, (a) 37, , /30/24 260, (a) 31, , /30/25 275, (a) 21, , /30/26 285, (a) 10, , Total $ 1,500, $ 301, $ 1,801, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2021 Paying Agent Information for Series 2011 Certificates: Firm Name: Compass Bank 2-4

17 Combination Tax & Revenue Certificates of Obligation, Series 2015 Date Principal Interest Debt Service 09/30/19 $ 340, $ 521, $ 861, /30/20 355, , , /30/21 370, , , /30/22 385, , , /30/23 400, , , /30/24 420, , , /30/25 435, (a) 431, , /30/26 450, (a) 413, , /30/27 765, (a) 395, ,160, /30/28 795, (a) 365, ,160, /30/29 820, (a) 340, ,160, /30/30 845, (a) 314, ,159, /30/31 1,295, (a) 280, ,575, /30/32 1,350, (a) 229, ,579, /30/33 1,400, (a) 175, ,575, /30/34 1,460, (a) 119, ,579, /30/35 1,515, (a) 60, ,575, Total $ 13,400, $ 6,039, $ 19,439, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2024 Paying Agent Information for Series 2015 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

18 General Obligation Refunding Bonds, Series 2016 Date Principal Interest Debt Service 09/30/19 $ 90, $ 7, $ 97, /30/20 90, , , /30/21 95, , , /30/22 95, , , /30/23 100, , , Total $ 470, $ 22, $ 492, Note: Debt service payments reflect payments from October 1 through September 30. Paying Agent Information for Series 2016 Bonds: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

19 Combination Tax & Revenue Certificates of Obligation, Series 2018 Date Principal Interest Debt Service 09/30/19 $ 140, $ 397, $ 537, /30/20 240, , , /30/21 380, , , /30/22 400, , , /30/23 420, , , /30/24 445, , , /30/25 465, , , /30/26 490, , , /30/27 515, , , /30/28 540, , , /30/29 565, (a) 239, , /30/30 595, (a) 211, , /30/31 615, (a) 192, , /30/32 635, (a) 172, , /30/33 655, (a) 151, , /30/34 675, (a) 128, , /30/35 700, (a) 105, , /30/36 725, (a) 80, , /30/37 750, (a) 55, , /30/38 775, (a) 28, , Total $ 10,725, $ 4,987, $ 15,712, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2028 Paying Agent Information for Series 2018 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

20 Outstanding General Obligation Debt Service Section 3 Outstanding General Obligation Debt Service by Series Semi-Annual

21 Combination Tax & Revenue Certificates of Obligation, Series 2010 Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 95, $ 95, /01/19 $ 315, , , $ 505, /01/20-88, , /01/20 325, , , , /01/21-82, , /01/21 340, (a) 82, , , /01/22-75, , /01/22 350, (a) 75, , , /01/23-68, , /01/23 365, (a) 68, , , /01/24-61, , /01/24 375, (a) 61, , , /01/25-53, , /01/25 390, (a) 53, , , /01/26-45, , /01/26 405, (a) 45, , , /01/27-37, , /01/27 425, (a) 37, , , /01/28-29, , /01/28 440, (a) 29, , , /01/29-19, , /01/29 460, (a) 19, , , /01/30-10, , /01/30 480, (a) 10, , , Total $ 4,670, $ 1,336, $ 6,006, $ 6,006, ct payments from October 1 through September 30. (a) Bonds are callable September 1, 2020 Paying Agent Information for Series 2010 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas

22 Combination Tax & Revenue Certificates of Obligation, Series 2011 Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 28, $ 28, /01/19 $ 125, , , $ 182, /01/20-26, , /01/20 135, , , , /01/21-23, , /01/21 135, , , , /01/22-21, , /01/22 140, (a) 21, , , /01/23-18, , /01/23 145, (a) 18, , , /01/24-15, , /01/24 260, (a) 15, , , /01/25-10, , /01/25 275, (a) 10, , , /01/26-5, , /01/26 285, (a) 5, , , Total $ 1,500, $ 301, $ 1,801, $ 1,801, ct payments from October 1 through September 30. (a) Bonds are callable September 1, 2021 Paying Agent Information for Series 2011 Certificates: Firm Name: Compass Bank 3-2

23 Combination Tax & Revenue Certificates of Obligation, Series 2015 Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 260, $ 260, /01/19 $ 340, , , $ 861, /01/20-254, , /01/20 355, , , , /01/21-247, , /01/21 370, , , , /01/22-239, , /01/22 385, , , , /01/23-231, , /01/23 400, , , , /01/24-223, , /01/24 420, , , , /01/25-215, , /01/25 435, (a) 215, , , /01/26-206, , /01/26 450, (a) 206, , , /01/27-197, , /01/27 765, (a) 197, , ,160, /01/28-182, , /01/28 795, (a) 182, , ,160, /01/29-170, , /01/29 820, (a) 170, , ,160, /01/30-157, , /01/30 845, (a) 157, ,002, ,159, /01/31-140, , /01/31 1,295, (a) 140, ,435, ,575, /01/32-114, , /01/32 1,350, (a) 114, ,464, ,579, /01/33-87, , /01/33 1,400, (a) 87, ,487, ,575, /01/34-59, , /01/34 1,460, (a) 59, ,519, ,579, /01/35-30, , /01/35 1,515, (a) 30, ,545, ,575, Total $ 13,400, $ 6,039, $ 19,439, $ 19,439, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2024 Paying Agent Information for Series 2015 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

24 General Obligation Refunding Bonds, Series 2016 Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 3, $ 3, /01/19 $ 90, , , $ 97, /01/20-3, , /01/20 90, , , , /01/21-2, , /01/21 95, , , , /01/22-1, , /01/22 95, , , , /01/ /01/23 100, , , Total $ 470, $ 22, $ 492, $ 492, Note: Debt service payments reflect payments from October 1 through September 30. Paying Agent Information for Series 2016 Bonds: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

25 Combination Tax & Revenue Certificates of Obligation, Series 2018 Annual Date Principal Interest Debt Service Debt Service 03/01/19 - $ 178, $ 178, /01/19 $ 140, , , $ 537, /01/20-217, , /01/20 240, , , , /01/21-211, , /01/21 380, , , , /01/22-201, , /01/22 400, , , , /01/23-191, , /01/23 420, , , , /01/24-181, , /01/24 445, , , , /01/25-170, , /01/25 465, , , , /01/26-158, , /01/26 490, , , , /01/27-146, , /01/27 515, , , , /01/28-133, , /01/28 540, , , , /01/29-119, , /01/29 565, (a) 119, , , /01/30-105, , /01/30 595, (a) 105, , , /01/31-96, , /01/31 615, (a) 96, , , /01/32-86, , /01/32 635, (a) 86, , , /01/33-75, , /01/33 655, (a) 75, , , /01/34-64, , /01/34 675, (a) 64, , , /01/35-52, , /01/35 700, (a) 52, , , /01/36-40, , /01/36 725, (a) 40, , , /01/37-27, , /01/37 750, (a) 27, , , /01/38-14, , /01/38 775, (a) 14, , , Total $ 10,725, $ 4,987, $ 15,712, $ 15,712, Note: Debt service payments reflect payments from October 1 through September 30. (a) Bonds are callable September 1, 2028 Paying Agent Information for Series 2018 Certificates: Firm Name: The Bank of New York Mellon Trust Company, N.A Bryan Street, 11th Floor Dallas, Texas Contact: Darren Brown Phone: (214)

26 Outstanding General Obligation Debt Service Section 4 Outstanding General Obligation Debt Service Payable from Other Sources

27 General Obligation Debt Paid by Water and Sewer System Revenues Combination Tax and Revenue Total FY Certificates of Obligation, Series 2018 (a) GO Debt Paid End Principal Interest by WSS Revenues 2019 $ 140, $ 397, $ 537, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , $ 10,725, $ 4,987, $ 15,712, (a) Represents all of the City's Series 2018 Combination Tax and Revenue Certificates of Obligation. 4-1

28 General Obligation Debt Paid by Water and Sewer System Revenues Combination Tax and Revenue Certificates of Obligation, Series 2018 (a) Total GO Debt Paid Date Principal Interest by WSS Revenues 3/1/ $ 178, $ 178, /1/2019 $ 140, , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , $ 10,725, $ 4,987, $ 15,712, (a) Represents all of the City's Series 2018 Combination Tax and Revenue Certificates of Obligation. 4-2

29 General Obligation Debt Paid by the Economic Development Corporation Combination Tax and Revenue Total FY Certificates of Obligation, Series 2010 (a) GO Debt Paid End Principal Interest by the EDC 2019 $ 50, $ 30, $ 80, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , $ 760, $ 217, $ 977, (a) Represents a portion of the City's Series 2010 Combination Tax and Revenue Certificates of Obligation. 4-3

30 General Obligation Debt Paid by the Economic Development Corporation Combination Tax and Revenue Certificates of Obligation, Series 2010 (a) Total GO Debt Paid Date Principal Interest by the EDC 3/1/ $ 15, $ 15, /1/2019 $ 50, , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/ , , /1/ , , , /1/2024-9, , /1/ , , , /1/2025-8, , /1/ , , , /1/2026-7, , /1/ , , , /1/2027-6, , /1/ , , , /1/2028-4, , /1/ , , , /1/2029-3, , /1/ , , , /1/2030-1, , /1/ , , , $ 760, $ 217, $ 977, (a) Represents a portion of the City's Series 2010 Combination Tax and Revenue Certificates of Obligation. 4-4

PRELIMINARY NOTICE AND AGENDA STATE BOND COMMISSION MEETING OF JANUARY :00 A.M. - SENATE COMMITTEE ROOM A STATE CAPITOL BUILDING

I. Call to order and roll call. PRELIMINARY NOTICE AND AGENDA STATE BOND COMMISSION MEETING OF JANUARY 20.2011 10:00 A.M. - SENATE COMMITTEE ROOM A STATE CAPITOL BUILDING 2. Approval of the minutes of