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1991-92 OPERATING BUDGET
<br /> PROJECTED DEBT RATIOS THROUGH 1995
<br /> PROJECTED PROJECTED i PROJECTED PROJECTED 1 FINAL PMT II
<br /> 1991/92 1992/93 I 1993/94 1994/95 YEAR 'I
<br /> i PROJECTED GENERAL ,
<br /> FUND REVENUE $31,700,000 $33,800,000 $35,800,000 $38,100,0001
<br /> 1 EXISTING DEBT SERVICE:
<br /> (Collateralized by General Fund i
<br /> Revenues)
<br /> • 1987 C.O.P. $840,000 $835,000 $835,000 $835,000 2008
<br /> '• 1988 C.O.P 1,215,000 1,215,000 1,215,000 1,210,000 2014
<br /> 1 General Obligation Bonds 105,000 100,000 105,000 105,000 1998
<br /> Equipment Capital Leases 140,000 110,000 1993 i,I
<br /> Sub-Total $2,300,000 $2,260,000 $2,155,000 $2,150,000
<br /> EXISTING DEBT RATIO
<br /> (Debt Service:Revenue) 7.3% 6.7% 6.0% 5.6%
<br /> PROPOSED DEBT SERVICE
<br /> IN THE CIP:
<br /> Recreation Fac. (Sr. Center,gyms) $400,000 $785,000 $785,000 $785,000 2012
<br /> City Radio System 150,000 275,000 275,000 275,000 2012
<br /> I
<br /> Sub-Total $550,000 $1,060,000, $1,060,000 $1,060,000 I
<br /> TOTAL EXISTING AND
<br /> PROPOSED DEBT SERVICE S2,850,000 $3,320,000 $3,215,000 $3,210,000 I
<br /> EXISTING & PROPOSED
<br /> DEBT RATIO 9.0% 9.8% 9.0% 8.4%
<br /> OTHER EXISTING DEBT:
<br /> (Collateralized with Sewer Revenues) 1
<br /> 1989 C.O.P. (Cross-Town Interceptor $455,000 $455,000 $460,000 $455,000 2009
<br /> ' Finances the Sycamore Reservoir and 123 Main Street. Although water revenue will fund pan of the debt
<br /> service,in reality the General Fund is still viewed in the financial market as the actual collateral.
<br /> '• Finances the Operations Service Center(OSC)and the Police building.
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