HomeMy WebLinkAbout[06] Debt Management Study
Council Agenda Item 6
MEETING DATE: June 4, 2018
AGENDA ITEM: Tammy Omdal - Debt Management Study
SUBMITTED BY: Finance /Financial Advisor
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION: Annually, Tammy Omdahl, financial advisor from Northland
Securities, prepares an analysis of the outstanding bonds held by the City of St. Joseph. Attached is the
2018 debt study (with balances as of 12/31/17) Tammy prepared with the assistance of finance. The debt
study provides information of what the required tax levies and other revenue sources should be, what
debts might be a candidate to refund or payoff early, how many years remain on each debt, and the
summary of the debt costs versus the requirements to pay the total debt. The study only includes bonds
issued as of the most recent audited financial statements, including the 2018 equipment certificates.
BUDGET/FISCAL IMPACT: Information Only
ATTACHMENTS: Request for Council Action
2018 Debt Management Study
REQUESTED COUNCIL ACTION: The debt management study is information only for the council.
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NorthlandSecurities,Inc.
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150SouthFifthStreet,Suite3300,Minneapolis,MN55402
MemberFINRAandSIPC|RegisteredwithSECandMSRB
DebtStudyforYear2018
CityofSt.Joseph
Main:(612)851-5900/Direct:(612)851-4964/Email:tomdal@northlandsecurities.com
NorthlandSecurities,Inc.
150SouthFifthStreet,Suite3300,Minneapolis,MN55402
MemberFINRAandSIPC|RegisteredwithSECandMSRB
Main:(612)851-5900/Direct:(612)851-4964/Email:tomdal@northlandsecurities.com
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May31,2018LoriBartlett,FinanceDirectorCityofSaintJosephP.O.Box668SaintJoseph,MN56374RDearLori:NorthlandhascompletedastudyoftheCitysexistingdebtoutstandingandestimatedsourcesofrevenueforrepayment.Thi
sstudywascompletedatthedirectionoftheCity.TheCityusestheissuanceofdebtasanimportantandessentialtoolforfinancingtheconstructionofpublicimprovementsandtoacquirecapitalequipment.Ongoingdebtmanagementisi
mportanttomonitortherepaymentofexistingdebtobligationsandtobewellpreparedforthefutureissuanceofdebt.TheStudyisintendedtoserveasaguidefortheCitysfinancialmanagementofitsdebtobligations.Alldebtobligat
ionsidentifiedbytheCityareincludedintheStudy.TheStudyisbuiltaroundidentifiedkeyassumptions,includingassumptionsforfuturerevenuesources.Thisincludesestimatesforthepaymentofoutstandingspecialassessment
s.TotheextenttheassumptionsintheStudychangeinthemonthsandyearsahead,whichtheywill,theCitywillneedtocontinuetoadjustitsfinancialandbudgetplansaccordingly.Thestepstakenaspartofthestudyprocessincludedth
eCityprovidinginformationtoNorthlandonpastfinancialinformation,includingcashbalancesandverificationofcurrentsourceoffundsfordebtpayment.InformationprovidedbytheCitywasorganized,analyzed,andusedtosupp
ortthedevelopmentoffinancialplansforeachseriesofdebtoutstandingbypurpose.TheStudydidnotincludereconciliationtotheCitysmostrecentauditedfinancialstatementsbyNorthland.Also,theStudydidnotincludearevie
woftheutilityfundstoverifyratesaresetatalevelsufficienttomeetexistingoutstandingdebtobligations.Sincerely,NORTHLANDSECURITIESTammyOmdalSeniorVicePresident
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Chart1TaxLevyforDebtServiceChart2DebtOutstandingatYearEndChart3SourceofRevenueforPaymentonDebtOutstandingChart4AmortizationofDebtOutstandingChart5DebtServicePaidfromWaterRevenuesChart6DebtServi
cePaidfromSanitarySewerRevenuesChart7DebtServicePaidfromSpecialAssessmentRevenuesChart8DebtServicePaidfromSalesTaxRevenueChart9DebtServicePaidfromAllOtherRevenueSourcesG.O.CrossoverRefundingBonds,
Series2009AG.O.CapitalImprovementPlanRefundingBonds,Series2009BG.O.WastewaterRevenueBonds,Series2009BG.O.WastewaterTreatmentBonds,Series2010G.O.SewerRevenueBonds,Series2010AG.O.ImprovementBonds,Serie
s2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortion
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LSSSCF TABLEOFCONTENTS
234567890123456789012
222222223333333333444
G.O.Bonds,Series2011A-ImprovementRefundingPortionG.O.Bonds,Series2011A-CIPPortionG.O.Bonds,Series2011A-EquipmentPortionG.O.Bonds,Series2011A-SystemPortionG.O.WaterRevenueCrossoverRefundingBonds,Serie
s2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds,Series2013A-SewerPortionG.O.Bonds,Series2013A-EquipmentPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bond
s,Series2014ASystemPortionG.O.Bonds,Series2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBon
ds,Series2016BG.O.CapitalImprovementPlanBonds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityPortionofSt.Cloud2017PublicFacilitiesAuthorityLoanG.O.Bonds,Ser
ies2018A-EquipmentCertificates
TABLEOFCONTENTS
Page1of42
1,361,3701,217,8901,111,0601,088,3781,109,7871,138,7811,188,0181,233,6561,288,5941,344,9911,403,2231,447,6361,491,9481,517,2551,544,0871,562,7471,581,3261,599,8181,618,4431,623,435
Balance
35,589,619
EndingCash
490,725493,767391,854390,167388,326391,113104,836
Total
2,726,6262,709,3452,623,1342,504,5022,268,3222,206,9692,157,1272,114,6651,491,1681,497,8451,459,4801,164,3741,100,731
28,675,077
0
Levy
697,290735,929781,431737,826658,117674,460637,462589,860495,151498,963473,715473,699475,478314,722318,901285,446283,648281,708284,409
NetTax
9,698,214
0000000000000000
48,64424,00024,00022,000
Less:
118,644
Other
Revenues
0
8,2927,0466,2684,7653,6883,1392,7242,2061,9202,0142,1142,2112,3101,9382,0731,5351,6371,7391,841
59,460
Less:
Income
Interest
00000
20,00020,000
179,742182,682180,267183,102180,582183,312180,031181,999183,154178,902174,649170,397166,073
2,364,891
Less:Sales
TaxRevenue
000000000000
19,25019,25019,25019,25013,25013,25013,25013,250
130,000
Water
Less:Storm
00000
21,49320,82122,73222,428
710,020701,706690,186687,616679,910603,362611,585613,002135,425145,007146,335
Less:
Water
5,811,625
SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
772,978844,416733,024700,028628,469628,348621,417626,572625,524624,198627,407461,965402,087109,820108,853104,873104,882104,879104,863104,836
9,039,439
Sewer
Less:Sanitary
00000
90,65987,77649,99348,76135,26034,61133,96221,51321,513
290,411194,316188,709149,915104,307101,098
1,452,804
Assessments
Less:Special
488,689490,281391,854390,167388,326391,113104,836
Levy
3,016,7772,995,4662,866,4622,653,5442,359,2582,286,8742,213,2852,172,4771,508,0421,513,5201,471,3111,175,9601,109,239
105%of
29,987,482
99,844
465,418466,935373,194371,588369,834372,489
2,873,1212,852,8242,729,9642,527,1842,246,9132,177,9752,107,8912,069,0261,436,2311,441,4471,401,2491,119,9621,056,418
28,559,507
toTaxLevy
P&ISubject
0
98,762
813,155461,481
9,948,9538,120,7766,879,2565,602,2804,333,6323,314,4152,334,4131,921,9141,498,3721,158,786
Debt
22,214,72819,875,04317,608,45915,496,98413,620,39211,771,674
Outstanding
99,844
465,418466,935373,194371,588369,834372,489
2,873,1212,852,8242,729,9642,527,1842,246,9132,177,9752,107,8912,069,0261,436,2311,441,4471,401,2491,119,9621,056,418
28,559,507
9,7701,081
76,41552,92043,39233,60825,95718,160
552,414513,140463,380415,709370,320329,257285,169240,849194,711164,472132,600100,745
4,024,072
98,762
980,003412,498423,542339,586345,630351,674362,718
DEBTSERVICEPAYMENTS
2,320,7072,339,6852,266,5842,111,4751,876,5921,848,7181,822,7221,828,1771,241,5201,276,9751,268,6481,019,217
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24,535,435
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FiscalPrincipalInterestTotal
20182019202020212022202320242025202620272028202920302031203220332034203520362037
YEAR
o
SummaryofExistingDebtOutstanding,TotalPaymentsandTotalRevenueSources
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0
2029
Page2of42
273,444165,000130,000135,000140,000760,972
1,710,000
3,314,415
00
2028
55,000
542,146325,000170,000270,000190,000851,486
1,930,000
4,333,632
0
2027
806,219115,000150,000110,000480,000210,000405,000240,000941,062
2,145,000
5,602,281
2026
34,000
225,000295,000160,000630,000250,000540,000290,000
1,065,6632,360,0001,029,593
6,879,256
000
2025
68,000
325,000435,000210,000775,000285,000675,000340,000
1,320,5912,570,0001,117,184
8,120,776
0
2024
65,00065,00042,000
865,000570,000260,000915,000320,000805,000390,000102,000
1,571,1162,775,0001,203,836
9,948,953
0
2023
50,00084,000
125,000700,000305,000355,000125,000930,000440,000136,000
1,817,1261,390,0001,050,0002,975,0001,289,549
11,771,674
0
2022
56,000
185,000100,000830,000350,000390,000185,000490,000126,000170,000
2,059,0701,895,0001,185,0001,055,0003,170,0001,374,322
13,620,392
00000
2021
70,000
240,000145,000955,000395,000425,000245,000540,000168,000204,000110,000
2,296,7252,390,0001,315,0001,175,0003,365,0001,458,259
15,496,984
000
2020
40,00020,00045,00025,000
295,000140,000190,000435,000460,000305,000590,000210,000239,000140,000163,000
2,530,2022,875,0001,075,0001,440,0001,295,0003,555,0001,541,257
17,608,459
0
2019
85,00020,00040,00085,00050,00035,000
135,000350,000275,000235,000475,000495,000365,000640,000252,000274,000211,000215,000
2,759,7283,350,0001,195,0001,560,0001,410,0003,740,0001,623,316
19,875,043
00
2018
95,00040,00060,00075,00070,000
130,000270,000405,000410,000125,000275,000515,000530,000425,000690,000294,000309,000282,000265,000
2,985,1893,825,0001,315,0001,675,0001,525,0003,920,0001,704,539
22,214,728
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SummaryofDebtOutstandingbySeriesandPortionCollectionYear G.O.CrossoverRefundingBonds,Series2009AG.O.CapitalImprovementPlanRefundingBonds,Series2009BG.O.WastewaterRevenueBonds,Series2009BG.O.Wastewate
rTreatmentBonds,Series2010G.O.SewerRevenueBonds,Series2010AG.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Bonds,Series2011A-ImprovementRefundingP
ortionG.O.Bonds,Series2011A-CIPPortionG.O.Bonds,Series2011A-EquipmentPortionG.O.Bonds,Series2011A-SystemPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPort
ionG.O.Bonds,Series2013A-SewerPortionG.O.Bonds,Series2013A-EquipmentPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series
2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds,Series2016BG.O.CapitalImprovementPlanBon
ds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificates
Total
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Page3of42
(0)
(0)
2037
0
2036
98,762
98,762
2035
265,000196,481
461,481
2034
520,000293,155
813,155
2033
770,000388,786
1,158,786
00
2032
483,372
1,015,000
1,498,372
2031
45,00045,000
576,914
1,255,000
1,921,914
000
2030
90,00090,000
669,413
1,485,000
2,334,413
Continuedfrompriorpage
SummaryofDebtOutstandingbySeriesandPortionCollectionYear G.O.CrossoverRefundingBonds,Series2009AG.O.CapitalImprovementPlanRefundingBonds,Series2009BG.O.WastewaterRevenueBonds,Series2009BG.O.Wastewate
rTreatmentBonds,Series2010G.O.SewerRevenueBonds,Series2010AG.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Bonds,Series2011A-ImprovementRefundingP
ortionG.O.Bonds,Series2011A-CIPPortionG.O.Bonds,Series2011A-EquipmentPortionG.O.Bonds,Series2011A-SystemPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPort
ionG.O.Bonds,Series2013A-SewerPortionG.O.Bonds,Series2013A-EquipmentPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series
2015A-ImprovementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds,Series2016BG.O.CapitalImprovementPlanBon
ds,Series2017AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificates
Total
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00000000000000000000000
2030
Page4of42
20,82110,000
162,500282,157
475,478
00000000000000000000000
2029
21,49310,000
160,000282,206
473,699
00000000000000000000000
2028
22,14410,000
160,000281,572
473,715
0000000000000000000000
2027
22,77410,00020,000
160,000286,190
498,963
0000000000000000000000
2026
20,70010,00020,000
159,000285,452
495,151
0000000000000000000
2025
20,00021,25135,00010,00044,00020,000
155,000284,609
589,860
000000000000000000
2024
20,00045,00021,80235,00010,00045,00025,000
152,000283,660
637,462
00000000000000000
2023
20,00042,00021,85430,00010,00046,00025,00057,000
140,000282,606
674,460
00000000000000000
2022
15,00040,00022,31325,00010,00047,00020,00057,000
135,000286,804
658,117
00000000000000
2021
15,00062,00015,00022,00035,00022,68020,00010,00048,00020,00057,500
125,000285,646
737,826
000000000000
2020
5,000
50,00010,00055,00020,00022,00025,00023,04820,00035,00049,00020,00058,000
105,000284,383
781,431
0000000000000
2019
6,0005,000
40,00055,00023,00022,00015,00090,00022,91515,00036,00051,00015,00057,000
283,014
735,929
0000000000000
2018
6,0005,0009,000
57,00035,00050,00023,00020,79010,00057,00080,00022,50015,00037,000
270,000
697,290
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SummaryofTaxLevyforDebtServiceCollectionYear G.O.CrossoverRefundingBonds,Series2009AG.O.CapitalImprovementPlanRefundingBonds,Series2009BG.O.WastewaterRevenueBonds,Series2009BG.O.WastewaterTreatmentBo
nds,Series2010G.O.SewerRevenueBonds,Series2010AG.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Bonds,Series2011A-ImprovementRefundingPortionG.O.Bo
nds,Series2011A-CIPPortionG.O.Bonds,Series2011A-EquipmentPortionG.O.Bonds,Series2011A-SystemPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds
,Series2013A-SewerPortionG.O.Bonds,Series2013A-EquipmentPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series2015A-Improv
ementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds,Series2016BG.O.CapitalImprovementPlanBonds,Series201
7AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificates Total
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000000000000000000000000000
0
2037
00000000000000000000000000
2036
284,409
284,409
00000000000000000000000000
2035
281,708
281,708
00000000000000000000000000
2034
283,648
283,648
00000000000000000000000000
2033
285,446
285,446
000000000000000000000000
2032
22,42810,000
286,473
318,901
000000000000000000000000
2031
22,73210,000
281,991
314,722
Continuedfrompriorpage
SummaryofTaxLevyforDebtServiceCollectionYear G.O.CrossoverRefundingBonds,Series2009AG.O.CapitalImprovementPlanRefundingBonds,Series2009BG.O.WastewaterRevenueBonds,Series2009BG.O.WastewaterTreatmentBo
nds,Series2010G.O.SewerRevenueBonds,Series2010AG.O.ImprovementBonds,Series2010B-RefundingPortionG.O.ImprovementBonds,Series2010B-NewMoneyPortionG.O.Bonds,Series2011A-ImprovementRefundingPortionG.O.Bo
nds,Series2011A-CIPPortionG.O.Bonds,Series2011A-EquipmentPortionG.O.Bonds,Series2011A-SystemPortionG.O.WaterRevenueCrossoverRefundingBonds,Series2012AG.O.Bonds,Series2013A-ImprovementPortionG.O.Bonds
,Series2013A-SewerPortionG.O.Bonds,Series2013A-EquipmentPortionG.O.SewerRevenueBonds,Series2013BG.O.Bonds,Series2014A-ImprovementPortionG.O.Bonds,Series2014A-SystemPortionG.O.Bonds,Series2015A-Improv
ementPortionG.O.Bonds,Series2015A-EquipmentPortionG.O.TaxAbatementBonds,Series2015BG.O.CapitalImprovementPlanBonds,Series2016AG.O.ImprovementBonds,Series2016BG.O.CapitalImprovementPlanBonds,Series201
7AG.O.Bonds,Series2017B-ImprovementPortionG.O.Bonds,Series2017B-SystemPortionCityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanG.O.Bonds,Series2018A-EquipmentCertificates Total
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Page6of42
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2018201920202021202220232024202520262027202820292030203120322033203420352036
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Cash
Ending
Balance
Page15of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.CrossoverRefundingBonds,Series2009A(i)CrossoverrefundtheCity'sG.O.SewerRevenueBondsof2001.(ii)CrossoverrefundtheCity'sG.O.ImprovementBondsof2002(Thisportionmatured12/1/17).60203/01/09$455,000Dece
mber1$170,000December1,2016December1,2021
1InvestmentincomewillaccruetotheSewerFund.2Pledgenetrevenuessufficienttopay105%ofdebtservice.3TheBondsarereportedasaliabilityoftheSewerFund.
N
M
,
h
NOTES
p
e
s
o
J
Total170,00016,363186,363186,363195,6810195,681000000195,681
201840,0003.850%6,54546,54546,54548,872048,87200000048,8723,327201945,0003.850%5,00550,00550,00552,505052,50500000052,5055,828202045,0003.850%3,27348,27348,27350,686050,68600000050,6868,241202140,000
3.850%1,54041,54041,54043,617043,61700000043,61710,318
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
t
Purpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
i
C
Cash
Ending
Balance
Page16of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.CapitalImprovementPlanRefundingBonds,Series2009B CurrentRefundtheEDA'sPlublicProjectRevenueBondsof2003.(aquirethepublicworksfacilitywhichtheCitywasleasingfromtheEDA)34309/01/09$495,000December1$6
0,000Non-callableDecember1,2018
1Nooutstandingitemstonote.
N
M
,
NOTES
h
p
e
s
Total60,0002,25062,25062,25065,363000000057,00057,000
o 201860,0003.750%2,25062,25062,25065,363000000057,00057,0005,383
J
.
t
S
f
YearPrincipalDuePrincipalRatesInterestTotal
o
Purpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page17of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
InterestIncome
Less:Sales
TaxRevenue
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.WastewaterRevenueBonds,Series2009B FinancetheCity'sportionofthemetrointerceptorrepairproject,thelowerpan,LincolnAvenueandtheTri-Cityliftstation.SISPhasesI&II 60210/26/09$835,000August1$185,000Aug
ust1,2017August1,2019
N
1TheBondsarereportedasaliabilityoftheSewerFund.2Pledgenetrevenuessufficienttopay105%ofdebtservice.
M
,
h
NOTES
p
e
s
o
J
Total185,00011,200196,200196,200206,0100206,010000000206,010
.
201890,0004.000%7,40097,40097,400102,2700102,270000000102,2704,870201995,0004.000%3,80098,80098,800103,7400103,740000000103,7409,810
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i Purpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page18of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
InterestIncome
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTS
G.O.WastewaterTreatmentBonds,Series2010 FinancetheCity'sportionoftheCityofSt.CloudRUEProjectPFALoan(11.29%).60208/01/10$4,527,703August20$3,206,699AnyDateAugust20,2030
1BondsarepayablefromnetrevenuesfromtheSanitarySewerFundandadditionallysecuredbyanunlimitedadvaloremtaxpledge.2TheBondsarereportedasaliabilityoftheSewerFund.3Pledgenetrevenuessufficiencttopay105%ofdeb
tservice.
N
M
,
h NOTES
p
e
s
o
J Total3,206,699411,4733,618,1713,618,1713,799,08003,799,0800000003,799,080
2018221,5101.771%56,791278,300278,300292,2150292,215000000292,21513,9152019225,4611.771%52,868278,329278,329292,2450292,245000000292,24527,8312020229,5261.771%48,875278,400278,400292,3200292,32000000
0292,32041,7512021233,4771.771%44,810278,287278,287292,2010292,201000000292,20155,6662022237,6551.771%40,675278,329278,329292,2460292,246000000292,24669,5822023241,9451.771%36,466278,411278,411292,33
10292,331000000292,33183,5032024246,0091.771%32,181278,190278,190292,1000292,100000000292,10097,4122025250,5251.771%27,824278,350278,350292,2670292,267000000292,267111,3302026254,9281.771%23,388278,3
16278,316292,2320292,232000000292,232125,2462027259,4441.771%18,873278,317278,317292,2330292,233000000292,233139,1622028264,0731.771%14,278278,351278,351292,2690292,269000000292,269153,0792029268,702
1.771%9,601278,303278,303292,2190292,219000000292,219166,9942030273,4441.771%4,843278,286278,286292,2010292,201000000292,201180,909
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.WastewaterTreatmentBonds,Series2010Purpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page19of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Less:Sales
TaxRevenue
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.SewerRevenueBonds,Series2010A FinancetheCity'sportionofthemetrointerceptorrepairproject,includingtheupperandlowerpan,38thand54thavenues.SISphaseIII 60210/21/10$180,000August1$60,000August1,2018Au
gust1,2020
N
1InvestmentincomewillaccruetotheSanitarySewerFund.2BondsarepayablefromnetrevenuesfromtheSanitarySewerFundandadditionallysecuredbyanunlimitedadvaloremtaxpledge.3TheBondsarereportedasaliabilityoftheSan
itarySewerFund.4Pledgenetrevenuessufficiencttopay105%ofdebtservice.
M
,
h
NOTES
p
e
s
o
J
.
Total60,0002,90062,90062,90066,045066,04500000066,045
201820,0002.000%1,40021,40021,40022,470022,47000000022,4701,070201920,0002.500%1,00021,00021,00022,050022,05000000022,0502,120202020,0002.500%50020,50020,50021,525021,52500000021,5253,145
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-G.O.SewerRevenueBonds,Series2010APurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page20of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Less:Sales
TaxRevenue
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.ImprovementBonds,Series2010B-RefundingPortion CrossoverrefundtheCity'sG.O.ImprovementBonds,Series2005B.(CloverdaleandHillStreetprojects)33309/01/10$1,035,000December1$405,000December1,2018Decembe
r1,2020
1Debtservicescheduleisthe"Refunding"portionofthe2010BBondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2017:$227,564
N
M
,
h NOTES
p
e
s
o
J Total405,00018,968423,968423,968445,166189,55600002,1590125,000316,715
2018135,0002.100%9,248144,248144,248151,460123,1860000814035,000159,000123,3092019135,0002.300%6,413141,413141,413148,48333,1850000925040,00074,11056,0062020135,0002.450%3,308138,308138,308145,22333,
1850000420050,00083,6051,304
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.ImprovementBonds,Series2010B-RefundingPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page21of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
InterestIncome
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.ImprovementBonds,Series2010B-NewMoneyPortion Financethe16thAvenueimprovementproject.34509/01/10$790,000December1$455,000December1,2018December1,2025
1Debtservicescheduleisthe"NewMoney"portionofthe2010BBondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2017:$111,537
N
M
,
h
NOTES
p
e
s
o
J
Total455,00062,968517,968517,968543,866133,73200106,00005,5790112,000357,311
201850,0002.100%12,65562,65562,65565,78819,2960013,25001,27406,00039,820146,997201955,0002.300%11,60566,60566,60569,93518,5590013,25001,10206,00038,911119,303202055,0002.450%10,34065,34065,34068,6071
7,8220013,2500895010,00041,96795,930202155,0002.900%8,99363,99363,99367,19217,0850013,2500719015,00046,05477,992202255,0002.900%7,39862,39862,39865,51716,3480013,2500585015,00045,18360,777202360,0002
.900%5,80365,80365,80369,09315,6110013,2500456020,00049,31744,292202460,0003.250%4,06364,06364,06367,26614,8740013,2500332020,00048,45628,685202565,0003.250%2,11367,11367,11370,46814,1370013,25002150
20,00047,6029,175
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.ImprovementBonds,Series2010B-NewMoneyPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page22of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2011A-ImprovementRefundingPortion CrossoverRefundtheCity'sG.O.ImprovementBonds,Series2006C.Originalpurposeofthe2006CBondswasthefinancingoftheconstructionofoverlayprojectinteriorstreet
.33811/01/11$1,040,000October1$540,000October1,2018October1,2021
1The"ImprovementRefundingPortion"ofthe2011ABondsonly,andsecuredbyspecialassessments,systemrevenuesintheamountof$18,000annuallyandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2
017:$156,832
N
M
,
NOTES
h
p
e
s
o
Total540,00030,350570,350570,350598,868184,00024,00024,00024,00001,9590222,000479,959
2018130,0002.000%11,630141,630141,630148,71249,6006,0006,0006,0000751050,000118,35176,8992019135,0002.000%9,030144,030144,030151,23247,2006,0006,0006,0000577055,000120,77753,6462020135,0002.200%6,330
141,330141,330148,39744,8006,0006,0006,0000402055,000118,20230,5182021140,0002.400%3,360143,360143,360150,52842,4006,0006,0006,0000229062,000122,6299,787
J
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.Bonds,Series2011A-ImprovementRefundingPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page23of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
InterestIncome
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2011A-CIPPortion Financeroofandgaragerepairs.34711/01/11$195,000October1$80,000October1,2018October1,2021
1Debtservicescheduleisthe"CIPPortion"ofthe2011ABondsonlyandsecuredbyadvalorempropertytaxes.
N
M
,
h
NOTES
p
e
s
o
J
Total80,0004,44084,44084,44088,66200000148081,00081,148
201820,0002.000%1,72021,72021,72022,8060000025023,00023,0254,625201920,0002.000%1,32021,32021,32022,3860000035023,00023,0356,340202020,0002.200%92020,92020,92021,9660000048020,00020,0485,467202120,00
02.400%48020,48020,48021,5040000041015,00015,04128
.
t
S
f
o
y YearPrincipalDuePrincipalRatesInterestTotal
t
ExistingDebt-G.O.Bonds,Series2011A-CIPPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
i
C
Cash
Ending
Balance
Page24of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2011A-EquipmentPortion Financethepurchaseofapumpertruckandtransportationvan.34611/01/11$195,000October1$165,000October1,2018October1,2021
1Debtservicescheduleisthe"EqupimentPortion"ofthe2011ABondsonlyandissecuredbyadvalorempropertytaxes.2OtherrevenuecomesfromapaymentfromtheTownshipforanallocatedshareofthecostofacquisitionofafiretruck.
N
M
,
NOTES
h
p
e
s
Total165,0009,360174,360174,360183,078000008492,94486,790179,818
o
201840,0002.000%3,56043,56043,56045,73800000022,94420,79043,734202201940,0002.000%2,76042,76042,76044,89800000224,00022,00046,0023,444202040,0002.200%1,96041,96041,96044,058000002624,00022,00046,0267
,510202145,0002.400%1,08046,08046,08048,384000005622,00022,00044,0565,486
J
.
t
S
f
YearPrincipalDuePrincipalRatesInterestTotal
o
ExistingDebt-G.O.Bonds,Series2011A-EquipmentPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page25of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2011A-SystemPortion FinancethesewerforcemainimprovementsincludingtheSaukRiverCrossing.60211/01/11$195,000October1$100,000October1,2018October1,2021
N
1Pledgenetrevenuessufficiencttopay105%ofdebtservice.
M
,
h
NOTES
p
e
s
o
J
.
Total100,0005,550105,550105,550110,8280110,0000005700110,057
201825,0002.000%2,15027,15027,15028,508027,50000060027,5061,202201925,0002.000%1,65026,65026,65027,983027,50000090027,5092,061202025,0002.200%1,15026,15026,15027,458027,500000150027,5153,427202125,00
02.400%60025,60025,60026,880027,500000260027,5265,353
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-G.O.Bonds,Series2011A-SystemPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page26of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.WaterRevenueCrossoverRefundingBonds,Series2012A CrossoverrefundedtheCity'sG.O.WaterRevenueBonds,Series2005D.PurposeoftheoriginalSeries2005DwasconstructionofWaterPlantNo.2andWells6,7,and8.60104/01
/12$4,860,000December1$4,295,000December1,2021December1,2028
1Pledgenetrevenuessufficiencttopay105%ofdebtservice.
N
M
,
NOTES
h
p
e
s
Total4,295,000522,2784,817,2784,817,2785,058,141005,058,141000005,058,141
o
2018470,0002.000%97,808567,808567,808596,19800596,19800000596,198228,3902019475,0002.000%88,408563,408563,408591,57800591,57800000591,578256,5612020475,0002.000%78,908553,908553,908581,60300581,60300
000581,603284,2562021485,0002.000%69,408554,408554,408582,12800582,12800000582,128311,9772022495,0002.200%59,708554,708554,708582,44300582,44300000582,443339,7122023505,0002.400%48,818553,818553,8185
81,50800581,50800000581,508367,4032024525,0002.500%36,698561,698561,698589,78200589,78200000589,782395,4882025540,0002.650%23,573563,573563,573591,75100591,75100000591,751423,6662026100,0002.850%9,26
3109,263109,263114,72600114,72600000114,726429,1292027110,0002.850%6,413116,413116,413122,23300122,23300000122,233434,9502028115,0002.850%3,278118,278118,278124,19100124,19100000124,191440,864
J
.
t
S
f
o YearPrincipalDuePrincipalRatesInterestTotal
ExistingDebt-G.O.WaterRevenueCrossoverRefundingBonds,Series2012APurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page27of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2013A-ImprovementPortion Finance2013streetoverlayproject.34809/01/13$405,000December1$310,000December1,2020December1,2024
1Debtservicescheduleisthe"ImprovementPortion"ofthe2013ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipalbalanceoutstandingasof12/31/2017:$43,802
N
M
NOTES
,
h
p
e
s
Total310,00034,848344,848344,848362,09050,232000273273212,000267,759
201835,0002.000%7,77042,77042,77044,9099,1860000830010,00020,01687,951201940,0002.100%7,07047,07047,07049,4248,8600000660015,00024,52065,401202045,0002.100%6,23051,23051,23053,7928,53500001,319025,00
034,85449,025202145,0002.650%5,28550,28550,28552,7998,20900001,030035,00044,23942,979202245,0002.650%4,09349,09349,09351,5477,8840000742040,00048,62642,512202350,0002.800%2,90052,90052,90055,5457,558
0000534042,00050,09239,704202450,0003.000%1,50051,50051,50054,07500000412045,00045,41233,616
o
J
.
t
S
f
YearPrincipalDuePrincipalRatesInterestTotal
o
ExistingDebt-G.O.Bonds,Series2013A-ImprovementPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page28of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2013A-SewerPortion FinanceCSAH75sewermainandliftstationcontrols.60209/01/13$1,875,000December1$1,430,000December1,2020December1,2028Debtservicescheduleisthe"SewerPortion"ofthe2013ABon
dsonlyarepayablefromnetrevenuesplus5%fromtheSanitarySewerFundandsecuredbyanunlimitedadvaloremtaxpledge.
N
12TheBondsarereportedasaliabilityoftheSanitarySewerFund.
M
,
h
p
NOTES
e
s
o
J
.
Total1,430,000285,2431,715,2431,715,2431,801,00501,801,0050000001,801,005
t
2018115,0002.000%41,363156,363156,363164,1810164,181000000164,1818,3182019120,0002.100%39,063159,063159,063167,0160167,016000000167,01616,2712020120,0002.100%36,543156,543156,543164,3700164,370000000
164,37024,0982021120,0002.650%34,023154,023154,023161,7240161,724000000161,72431,8002022125,0002.650%30,843155,843155,843163,6350163,635000000163,63539,5922023130,0002.800%27,530157,530157,530165,407
0165,407000000165,40747,4682024130,0003.000%23,890153,890153,890161,5850161,585000000161,58555,1632025135,0003.300%19,990154,990154,990162,7400162,740000000162,74062,9122026140,0003.300%15,535155,535
155,535163,3120163,312000000163,31270,6892027145,0003.700%10,915155,915155,915163,7110163,711000000163,71178,4852028150,0003.700%5,550155,550155,550163,3280163,328000000163,32886,262
S
f
o
y
t
YearPrincipalDuePrincipalRatesInterestTotal
i
ExistingDebt-G.O.Bonds,Series2013A-SewerPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page29of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
InterestIncome
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2013A-EquipmentPortion Financeacquisitionofafront-endloader,squadcar,AEDreplacement,surveilancecameras/recorders,computers,4x6Gatorandgrapple.34909/01/13$265,000December1$60,000Non-ca
llableDecember1,2018
1Debtservicescheduleisthe"EquipmentPortion"ofthe2013ABondsonlyandsecuredbyadvalorempropertytax.
N
M
,
h
NOTES
p
e
s
o
J
Total60,0001,20061,20061,20064,2600000053057,00057,053
201860,0002.000%1,20061,20061,20064,2600000053057,00057,0532,897
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.Bonds,Series2013A-EquipmentPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page30of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.SewerRevenueBonds,Series2013B FinancetheCity'sportionoftheinterceptorrepairs(SISPhaseIV)fortheSt.CloudWastewaterTreatmentFacility.60211/01/13$650,000February1$550,000February1,2022February1,2029B
ondsarepayablefromnetrevenuesfromtheSaniatarySewerFundandsecuredbyanunlimitedadvaloremtaxpledge.
12TheBondsarereportedasaliabilityoftheSanitarySewerFund.
N
M
,
NOTES
h
p
e
s
o
Total550,000124,500674,500674,500708,2250708,225000000708,225
J 201835,0004.000%9,97544,97544,97547,224047,22400000047,2242,249201940,0004.000%18,55058,55058,55061,478061,47800000061,4785,176202040,0004.000%16,95056,95056,95059,798059,79800000059,7988,024202140
,0004.000%15,35055,35055,35058,118058,11800000058,11810,791202245,0004.000%13,75058,75058,75061,688061,68800000061,68813,729202345,0004.000%11,95056,95056,95059,798059,79800000059,79816,576202445,000
3.000%10,15055,15055,15057,908057,90800000057,90819,334202550,0003.000%8,80058,80058,80061,740061,74000000061,74022,274202650,0003.250%7,30057,30057,30060,165060,16500000060,16525,139202750,0003.375%
5,67555,67555,67558,459058,45900000058,45927,923202855,0003.500%3,98858,98858,98861,937061,93700000061,93730,872202955,0003.750%2,06357,06357,06359,916059,91600000059,91633,725
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.SewerRevenueBonds,Series2013BPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page31of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2014A-ImprovementPortion FinancetheParkTerraceStreetimprovementproject.35006/01/14$2,010,000December1$1,790,000December1,2021December1,2030
1Debtservicescheduleisthe"ImprovementPortion"ofthe2014ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2017:$140,9333Cashbalancewasaccum
ultedfromprepaymentofspecialassessmentsanddepositofunspentprojectcontingencyintothedebtservicefund.
N
M
,
h
NOTES
p
e
s
o
J
Total1,790,000397,9752,187,9752,187,9752,297,374212,4590008,60701,783,5002,004,566
2018115,0002.000%49,435164,435164,435172,65720,2370001,869080,000102,106186,8462019115,0002.000%47,135162,135162,135170,24219,5880001,401090,000110,989135,7002020120,0002.000%44,835164,835164,835173,
07718,9390001,0180105,000124,95795,8222021125,0002.000%42,435167,435167,435175,80718,2900007190125,000144,00972,3962022130,0002.500%39,935169,935169,935178,43217,6410005430135,000153,18455,6452023135
,0003.000%36,685171,685171,685180,26916,9920004170140,000157,40941,3692024135,0003.000%32,635167,635167,635176,01716,3430003100152,000168,65342,3872025140,0003.000%28,585168,585168,585177,01415,69400
03180155,000171,01244,8142026145,0003.000%24,385169,385169,385177,85415,0450003360159,000174,38149,8102027150,0003.000%20,035170,035170,035178,53714,3960003740160,000174,77054,5452028155,0003.100%15,
535170,535170,535179,06213,7470004090160,000174,15658,1662029160,0003.200%10,730170,730170,730179,26713,0980004360160,000173,53460,9702030165,0003.400%5,610170,610170,610179,14112,4490004570162,50017
5,40665,766
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
t
ExistingDebt-G.O.Bonds,Series2014A-ImprovementPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
i
C
Cash
Ending
Balance
Page32of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenue
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2014A-SystemPortion Financewatertowerrefurbishmentandsewermainliftstationcosts.60106/01/14$660,000December1$565,000December1,2021December1,2032Debtservicescheduleisthe"SystemPortion"o
fthe2014ABondsonlyarepayablefromnetrevenuesplus5%fromtheSanitarySewerFundandWaterFundandsecuredbyanunlimitedadvaloremtaxpledge.chargessufficienttocover105%ofdebtservice.
12BondswereissuedunderMS444.Taxrevenueshouldbeusedonly,andthenonatemporarybasis,topaygeneralobligationswhentheotherrevenuesareinsufficient.Citymadeacovenanttomaintainratesand
N
M
NOTES
,
h
p
e
s
Total565,000145,925710,925710,925746,471082,000331,4530000331,453744,906
201835,0002.000%16,01551,01551,01553,56607,00022,500000022,50052,00035,985201935,0002.000%15,31550,31550,31552,83107,00022,915000022,91552,83138,501202035,0002.000%14,61549,61549,61552,09606,00023,04
8000023,04852,09640,982202135,0002.000%13,91548,91548,91551,36106,00022,680000022,68051,36143,427202235,0002.500%13,21548,21548,21550,62606,00022,313000022,31350,62645,838202335,0003.000%12,34047,340
47,34049,70706,00021,854000021,85449,70748,205202435,0003.000%11,29046,29046,29048,60505,00021,802000021,80248,60550,520202535,0003.000%10,24045,24045,24047,50205,00021,251000021,25147,50252,78220263
5,0003.000%9,19044,19044,19046,40005,00020,700000020,70046,40054,991202740,0003.000%8,14048,14048,14050,54705,00022,774000022,77450,54757,398202840,0003.100%6,94046,94046,94049,28705,00022,144000022,
14449,28759,745202940,0003.200%5,70045,70045,70047,98505,00021,493000021,49347,98562,030203040,0003.400%4,42044,42044,42046,64105,00020,821000020,82146,64164,251203145,0003.400%3,06048,06048,06050,46
305,00022,732000022,73250,46366,654203245,0003.400%1,53046,53046,53048,85704,00022,428000022,42848,85768,981
o
J
.
t
S
f
YearPrincipalDuePrincipalRatesInterestTotal
o
ExistingDebt-G.O.Bonds,Series2014A-SystemPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page33of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2015A-ImprovementPortion FinancetheClintonVillage,NorthlandandJasmineLaneimprovementprojects.35108/01/15$595,000December1$485,000December1,2022December1,2025
1Debtservicescheduleisthe"ImprovementPortion"ofthe2015ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2Specialassessmentprincipaloutstandingasof12/31/2017:$165,7663Cashbalancewasaccum
ulatedfromprepaymentofspecialassessmentsanddepositofunspentprojectcontingencyintothedebtservicefund.
N
M
,
h
NOTES
p
e
s
o
J
Total485,00056,100541,100541,100568,155204,8960004,1960195,000404,092
201860,0001.500%10,95070,95070,95074,49828,8100001,095015,00044,905119,952201960,0001.500%10,05070,05070,05073,55327,896000900015,00043,79693,698202060,0002.000%9,15069,15069,15072,60826,983000703020
,00047,68672,233202160,0002.000%7,95067,95067,95071,34826,069000542020,00046,61150,894202260,0002.000%6,75066,75066,75070,08825,155000382025,00050,53734,681202360,0003.000%5,55065,55065,55068,82824,2
41000260030,00054,50123,632202460,0003.000%3,75063,75063,75066,93823,328000177035,00058,50518,387202565,0003.000%1,95066,95066,95070,29822,414000138035,00057,5528,989
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
t
ExistingDebt-G.O.Bonds,Series2015A-ImprovementPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
i
C
Cash
Ending
Balance
Page34of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Less:
Revenue
SalesTax
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2015A-EquipmentPortion Financetheacquisitionofaplowtruck,wingdeckmower,1tontruck,squadcar,equipment,portableradios,tasers,utilitytruck,squadcarvideoandcomputer.35212/12/17$165,000Dece
mber1$105,000December1,2022December1,2020
1Debtservicescheduleisthe"EquipmentPortion"ofthe2015ABondsonlyandsecuredbyadvalorempropertytax.
N
M
,
NOTES
h
p
e
s
Total105,0003,675108,675108,675114,10900000370108,000108,037
o
201835,0001.500%1,75036,75036,75038,5880000011037,00037,0111,789201935,0001.500%1,22536,22536,22538,0360000013036,00036,0131,578202035,0002.000%70035,70035,70037,4850000012035,00035,012890
J
.
t
S
f
o YearPrincipalDuePrincipalRatesInterestTotal
ExistingDebt-G.O.Bonds,Series2015A-EquipmentPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page35of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:
Water
Assessments
Less:Special
Levy
105%Tax
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.TaxAbatementBonds,Series2015B FinancetheacquisitionofColtsAcademytouseasaCommunityCenter.35308/01/15$1,870,000December1$1,635,000December1,2022December1,2030
N
1Citycertifiedanabatementlevyfordebtservice.Theannualabatementlevymaybecancelledanddebtpaidfromotherrevenue.TheCityplanstousesalestaxrevenuetopaydebtservice.
M
,
h
p
NOTES
e
s
o
J
.
Total1,635,000331,5631,966,5631,966,5632,064,8910002,064,8910002,064,891
t
2018110,0002.000%42,135152,135152,135159,742000159,742000159,74227,8112019115,0002.000%39,935154,935154,935162,682000162,682000162,68235,5582020115,0002.000%37,635152,635152,635160,267000160,26700016
0,26743,1892021120,0002.000%35,335155,335155,335163,102000163,102000163,10250,9562022120,0002.000%32,935152,935152,935160,582000160,582000160,58258,6032023125,0002.500%30,535155,535155,535163,3120001
63,312000163,31266,3802024125,0002.500%27,410152,410152,410160,031000160,031000160,03174,0002025130,0003.000%24,285154,285154,285161,999000161,999000161,99981,7142026135,0003.000%20,385155,385155,385
163,154000163,154000163,15489,4842027135,0003.000%16,335151,335151,335158,902000158,902000158,90297,0502028135,0003.000%12,285147,285147,285154,649000154,649000154,649104,4152029135,0003.050%8,235143
,235143,235150,397000150,397000150,397111,5762030135,0003.050%4,118139,118139,118146,073000146,073000146,073118,532
S
f
o
y
t
YearPrincipalDuePrincipalRatesInterestTotal
i
ExistingDebt-G.O.TaxAbatementBonds,Series2015BPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
245,415259,046
Ending
Balance
Page36of42
283,448286,250
281,708284,409
NetTaxLevyTotal
00
Less:
Other
Revenues
1,7391,841
Less:
Income
Interest
00
Tax
Revenues
Less:Sales
00
Water
Less:Storm
00
Less:
Water
00
Less:
Sewer
Sanitary
00
Assessments
Less:Special
283,448286,250
105%
TaxLevy
Subjectto
P&I
269,950272,619
TaxLevy
Subjectto
269,950272,619
7,619
14,950
2.875%2.875%
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
255,000265,000
G.O.CapitalImprovementPlanBonds,Series2016A FinancetheGovernmentServiceCenter.30107/01/16$4,275,000December15$4,100,000December15,2023December15,2036Nooutstandingitemstonote.
1
N
M
NOTES
,
h
p
e
s
Total4,100,0001,058,5115,158,5115,158,5115,416,4370000017,69505,381,9715,399,666
2018180,0002.000%93,243273,243273,243286,905000001340270,000270,13414,7832019180,0002.000%89,643269,643269,643283,125000001110283,014283,12528,2652020185,0002.000%86,043271,043271,043284,595000002120
284,383284,59541,8172021190,0002.000%82,343272,343272,343285,960000003140285,646285,96055,4342022195,0002.000%78,543273,543273,543287,220000004160286,804287,22069,1112023195,0002.000%74,643269,643269
,643283,125000005180282,606283,12582,5932024200,0002.000%70,743270,743270,743284,280000006190283,660284,28096,1302025205,0002.000%66,743271,743271,743285,330000007210284,609285,330109,7182026210,0002
.000%62,643272,643272,643286,275000008230285,452286,275123,3502027215,0002.000%58,443273,443273,443287,115000009250286,190287,115137,0222028215,0002.000%54,143269,143269,143282,600000001,0280281,5722
82,600150,4792029220,0002.250%49,843269,843269,843283,335000001,1290282,206283,335163,9712030225,0002.250%44,893269,893269,893283,387000001,2300282,157283,387177,4662031230,0002.450%39,830269,830269,
830283,322000001,3310281,991283,322190,9572032240,0002.450%34,195274,195274,195287,905000001,4320286,473287,905204,6672033245,0002.700%28,315273,315273,315286,981000001,5350285,446286,981218,33320342
50,0002.700%21,700271,700271,700285,285000001,6370283,648285,285231,91820352036
o
J
.
t
S
f
YearPrincipalDuePrincipalRatesInterestTotal
o
ExistingDebt-G.O.CapitalImprovementPlanBonds,Series2016APurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page37of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.ImprovementBonds,Series2016B FinancetheFieldStreetimprovementprojectandCR121to7thAveSE 30411/01/16$740,000December15$740,000December15,2023December15,2032
N
1Specialassessmentprincipaloutstandingasof12/31/2017,includesdeferredspecialassessments:$632,5812Asignificantportionofthebalanceoutstandingisfordeferredspecialassessmentsthatmaynotbepayablewithinthen
extthirtyyears.
M
,
h
NOTES
p
e
s
o
J
.Total740,000130,250870,250870,250913,763322,695000300,00013,3110135,000771,006
201850,0001.000%13,85063,85063,85067,04321,51300020,0001,42805,00047,941174,551201950,0001.000%13,35063,35063,35066,51821,51300020,0001,30905,00047,822159,024202050,0001.150%12,85062,85062,85065,9932
1,51300020,0001,19305,00047,706143,879202150,0001.150%12,27562,27562,27565,38921,51300020,0001,079010,00052,592134,196202250,0001.350%11,70061,70061,70064,78521,51300020,0001,006010,00052,519125,0162
02350,0001.350%11,02561,02561,02564,07621,51300020,000938010,00052,451116,441202450,0002.000%10,35060,35060,35063,36821,51300020,000873010,00052,386108,478202550,0002.000%9,35059,35059,35062,31821,51
300020,000814010,00052,327101,454202650,0002.000%8,35058,35058,35061,26821,51300020,000761010,00052,27495,378202750,0002.100%7,35057,35057,35060,21821,51300020,000715010,00052,22890,257202850,0002.10
0%6,30056,30056,30059,11521,51300020,000677010,00052,19086,147202950,0002.100%5,25055,25055,25058,01321,51300020,000646010,00052,15983,056203050,0003.000%4,20054,20054,20056,91021,51300020,000623010,
00052,13680,992203145,0003.000%2,70047,70047,70050,08521,51300020,000607010,00052,12085,412203245,0003.000%1,35046,35046,35048,66821,51300020,000641010,00052,15491,216
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-G.O.ImprovementBonds,Series2016BPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page38of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.CapitalImprovementPlanBonds,Series2017A AdditionalproceedsfortheGovernmentServiceCenter.30308/30/17$337,000December15$337,000AnydateJanuary15,2025
N
M
,
h
NOTES
p
e
s
o
J
Total337,00044,311381,311381,311400,3770000000330,000330,000
201843,0002.750%11,97154,97154,97157,72000000000035201942,0002.750%8,08550,08550,08552,589000000051,00051,000950202042,0002.750%6,93048,93048,93051,377000000049,00049,0001,020202142,0002.750%5,77547,
77547,77550,164000000048,00048,0001,245202242,0002.750%4,62046,62046,62048,951000000047,00047,0001,625202342,0002.750%3,46545,46545,46547,738000000046,00046,0002,160202442,0002.750%2,31044,31044,3104
6,526000000045,00045,0002,850202542,0002.750%1,15543,15543,15545,313000000044,00044,0003,695
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
y
ExistingDebt-G.O.CapitalImprovementPlanBonds,Series2017APurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
t
i
C
Cash
Ending
Balance
Page39of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
cbd
DEBTSERVICEPAYMENTS
G.O.Bonds,Series2017B-ImprovementPortion FinancetheCentralBusinessDistrict(CBD),PhaseI,alleyproject.30508/30/17$344,000December15$170,000December15,2022December15,2027
1Debtservicescheduleisthe"ImprovementPortion"ofthe2015ABondsonlyandsecuredbyspecialassessmentsandadvalorempropertytax.2$25,340inprepaidassessmentswerecollectedanddepositedintotheconstructionaccountat
issuance.3Specialassessmentprincipaloutstandingasof12/31/2017:$89,2714Anticipate$20,000transferinfromcapitalprojectsfundin2018,asotherrevenuesource.
N
M
,
NOTES
h
p
e
s
o Total344,00055,129399,129399,129419,085155,2340000020,000194,000369,234
201835,0002.250%11,64446,64446,64448,97618,5830000020,0009,00047,58345,901201935,0002.250%8,22843,22843,22845,38917,51500000015,00032,51535,188202035,0002.250%7,44042,44042,44044,56216,93200000020,00
036,93229,680202135,0002.250%6,65341,65341,65343,73516,34900000020,00036,34924,377202234,0002.250%5,86539,86539,86541,85815,76600000020,00035,76620,278202334,0003.000%5,10039,10039,10041,05515,183000
00025,00040,18321,361202434,0003.000%4,08038,08038,08039,98414,60100000025,00039,60122,882202534,0003.000%3,06037,06037,06038,91314,01800000020,00034,01819,840202634,0003.000%2,04036,04036,04037,8421
3,43500000020,00033,43517,235202734,0003.000%1,02035,02035,02036,77112,85200000020,00032,85215,067
J
.
t
S
f
o
YearPrincipalDuePrincipalRatesInterestTotal
Purpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
y
t
i
C
Cash
Ending
Balance
Page40of42
NetTaxLevyTotal
Less:
Other
Revenues
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
(Finalmaturitydateofthe2017B,ImprovementPortionis12/31/2027,calldateprovidesfortheoptionalredemptionforthisportion.)
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2017B-SystemPortion FinanceWaterTreatmentPlantNo.1improvements.60109/01/13$1,875,000December15$353,000December15,2022December15,2022Debtservicescheduleisthe"SystemPortion"ofthe2017BBo
ndsonlyarepayablefromnetrevenuesplus5%fromtheWaterTreatmentFundandsecuredbyanunlimitedadvaloremtaxpledge.
N
12TheBondsarereportedasaliabilityoftheWaterTreatmentFund.
M
,
h
NOTES
p
e
s
o
J
.
Total353,00026,077379,077379,077398,03000398,03000000398,030
201871,0002.250%10,25981,25981,25985,3220085,3220000085,32239,063201971,0002.250%6,34577,34577,34581,2120081,2120000081,21242,930202071,0002.250%4,74875,74875,74879,5350079,5350000079,53546,718202170
,0002.250%3,15073,15073,15076,8080076,8080000076,80850,375202270,0002.250%1,57571,57571,57575,1540075,1540000075,15453,954
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-G.O.Bonds,Series2017B-SystemPortionPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
87,50992,50397,495
Cash
Ending
Balance
Page41of42
104,879104,863104,836
000
NetTaxLevyTotal
000
Revenues
Less:Other
000
Less:
Income
Interest
000
Tax
Revenues
Less:Sales
000
Water
Less:Storm
000
Less:
Water
104,879104,863104,836
Less:
Sewer
SOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
Sanitary
000
Assessments
Less:Special
104,879104,863104,836
105%
TaxLevy
Subjectto
99,88499,87099,844
P&I
TaxLevy
Subjectto
99,88499,87099,844
3,2102,1511,081
1.095%1.095%1.095%
DEBTSERVICEPAYMENTS
96,67497,71898,762
CityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)Loan St.CloudWastewaterPFANoteforabiosolidstreatmentupdate(CityreferstotheprojectasNR2-newtreatmentmethod)30610/09/17$1,744,736December1$1,744,7
36CallableatanytimeAugust20,2037
N
1TheCityofSt.Josephisresponsiblefor10.44%oftheprojectcosts.
M
,
h
NOTES
p
e
s
o
J
.
Total1,744,736205,1631,949,8991,949,8992,047,39302,047,3930000002,047,393
201840,1970.000%12,41852,61552,61555,246055,24600000055,2462,631201981,2231.095%18,66599,88899,888104,8820104,882000000104,8827,625202082,0581.095%17,77599,83499,834104,8250104,825000000104,82512,617
202182,9981.095%16,87799,87599,875104,8690104,869000000104,86917,611202283,9381.095%15,96899,90699,906104,9010104,901000000104,90122,606202384,7731.095%15,04999,82299,822104,8130104,813000000104,8132
7,597202485,7121.095%14,12199,83399,833104,8250104,825000000104,82532,589202586,6521.095%13,18299,83499,834104,8260104,826000000104,82637,580202687,5921.095%12,23399,82599,825104,8160104,816000000104
,81642,572202788,5311.095%11,27499,80599,805104,7960104,796000000104,79647,562202889,5751.095%10,30599,88099,880104,8740104,874000000104,87452,556202990,5151.095%9,32499,83999,839104,8310104,83100000
0104,83157,548203091,5591.095%8,33399,89199,891104,8860104,886000000104,88662,542203192,4981.095%7,33099,82899,828104,8200104,820000000104,82067,534203293,5421.095%6,31799,86099,860104,8530104,853000
000104,85372,527203394,5861.095%5,29399,87999,879104,8730104,873000000104,87377,521203495,6301.095%4,25799,88899,888104,8820104,882000000104,88282,515203520362037
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-CityportionofSt.CloudPublic2017FacilitiesAuthority(PFA)LoanPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C
Cash
Ending
Balance
Page42of42
NetTaxLevyTotal
Revenues
Less:Other
Less:
Income
Interest
Tax
Revenues
Less:Sales
Water
Less:Storm
Less:
Water
Less:
Sewer
Sanitary
Assessments
Less:Special
105%
TaxLevy
Subjectto
P&I
TaxLevy
Subjectto
DEBTSERVICEPAYMENTSSOURCESOFFUNDSFORDEBTSERVICESPAYMENTS
G.O.Bonds,Series2018A-EquipmentCertificates Financeequipmentacquisition.30602/28/18$265,000December15$265,000Non-callableDecember15,2023
N
1Sourceofotherrevenueincludes$5,282ofcapitalizedinterestfundsfrombondproceeds.
M
,
h
NOTES
p
e
s
o
J
.
Total265,00025,507290,507290,507305,03200000505,700286,500292,250
201800.000%5,2825,2825,2825,5460000005,70005,700418201950,0002.500%6,62556,62556,62559,456000003057,00057,003797202052,0002.500%5,37557,37557,37560,244000006058,00058,0061,428202153,0002.500%4,07557,
07557,07559,9290000011057,50057,5111,863202254,0002.500%2,75056,75056,75059,5880000014057,00057,0142,127202356,0002.500%1,40057,40057,40060,2700000016057,00057,0161,743
t
S
f
o
y
YearPrincipalDuePrincipalRatesInterestTotal
t
i
ExistingDebt-G.O.Bonds,Series2018A-EquipmentCertificatesPurpose:CityFund:Dated:OriginalAmount:Mature:Outstanding:Call:FinalMaturity:
C