SECTION BRIEF
The financial stability of the Water and Sewer System is reflected through various documents to include: information regarding revenues, expenditures, quarterly cash position, bond history, bond rating factors and cash reserve. In addition, a historical perspective of water/sewer revenues, general fund revenues and the transfer out of water/sewer is reflected on a chart for review and discussion during the upcoming presentation. BUDGET OVERVIEW & HISTORY
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Current to Prior Year Variance
As of 01/31/2015
ACTUAL
BUDGET
ACTUAL
ACTUAL
ACTUAL
PRIOR YEAR
CURRENT YEAR
PRIOR YEAR
CURRENT YEAR
CURRENT TO PRIOR
% ANNUAL
FY 2013/14
FY 2014/15
THRU JAN 2014
THRU JAN 2015
VARIANCE
BUDGET
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
116,146,428
125,928,595
69,827,018
72,357,166
2,530,148
338,734
300,000
208,156
188,843
(19,313)
62.9%
13,558
10,000
3,511
17,684
14,173
176.8%
INTEREST REVENUES
972,514
1,206,500
31,028
116,394
85,366
9.6%
RENTS & SALE OF PROPERTY
453,031
140,000
149,464
213,151
63,687
152.3%
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
57.5%
CONTRIBUTIONS
5,431,910
0
0
0
0
0.0%
TOTAL REVENUE
123,356,175
127,585,095
70,219,177
72,893,238
2,674,061
57.1%
1,550
0
0
0
0
0.0%
0
618,097
0
0
0
0.0%
1,550
618,097
0
0
0
0.0%
123,357,725
128,203,192
70,219,177
72,893,238
2,674,061
56.9%
TRANSFERS IN
FROM OTHER FUNDS
UNAPPROPRIATED SURPLUS
TOTAL TRANSFERS IN
TOTAL WATER/SEWER REV & TRF
EXPENDITURES ‐ DEPARTMENTS
CENTRAL ADMINISTRATION
675
0
(5,000)
0
5,000
0.0%
FINANCE
3,572,750
6,444,339
1,758,579
1,960,318
201,739
30.4%
ECONOMIC & COMM DEV
2,432,631
2,811,011
1,505,836
1,642,436
136,600
58.4%
POLICE
527,357
659,258
291,463
297,504
6,041
45.1%
FIRE
463,973
472,442
259,365
197,238
(62,127)
41.7%
PUBLIC WORKS 887,957
1,677,136
596,015
701,327
105,312
41.8%
1,442,937
1,945,672
781,387
820,130
38,743
42.2%
GENERAL SRVCS/SUPPORT SERVICES
INFORMATION TECHNOLOGY
ENGINEERING:ADMINISTRATION
ENGINEERING:GENERAL SERVICES
374,755
503,293
184,734
212,059
27,325
42.1%
1,368,720
1,387,677
768,395
784,241
15,846
56.5%
654,976
1,735,179
352,980
534,774
181,794
30.8%
WATER CUSTOMER SERVICE
3,110,846
3,325,548
1,831,229
1,740,574
(90,655)
52.3%
WATER DISTRIBUTION & MAINTENANCE
9,016,134
11,318,814
5,692,817
5,455,279
(237,538)
48.2%
WASTEWATER MAINTENANCE
7,136,649
13,555,849
3,773,104
5,514,558
1,741,454
40.7%
COLUMBIA CANAL WTP
5,291,336
6,464,601
2,905,324
2,800,167
(105,157)
43.3%
LAKE MURRAY WTP
5,602,466
6,152,232
2,956,719
2,897,035
(59,684)
47.1%
11,980,817
17,969,778
6,294,315
6,550,880
256,565
36.5%
WATER MAINTENANCE PROJECTS
1,378,729
0
661,761
206,618
(455,143)
0.0%
SEWER MAINTENANCE PROJECTS
2,522,966
0
2,400,289
20,760
(2,379,529)
0.0%
WATER SYSTEMS IMPROVEMENTS
1,822,198
2,118,577
1,065,608
1,205,682
140,074
56.9%
WASTEWATER SYSTEMS IMPROVEMENTS
1,248,127
1,508,747
708,804
513,315
(195,489)
34.0%
214,319
228,948
118,500
176,018
57,518
76.9%
METRO WWTP
REAL ESTATE WATER
REAL ESTATE WASTE
204,882
218,091
115,043
78,436
(36,607)
36.0%
2,390,625
63,646,825
0
80,497,192
0
35,017,267
0
34,309,349
0
(707,918)
0.0%
42.6%
DEBT SERVICE
11,016,246
29,008,192
9,499,641
11,463,121
1,963,480
39.5%
DEPRECIATION
23,665,647
0
0
0
0
14,648
35,000
6,606
4,438
434,987
286,467
261,902
50,000
50,000
0
153,500
103,500
103,500
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
TUITION REIMBURSEMENT
TECHNOLOGY CONTINGENCY
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
0.0%
(2,168)
12.7%
305,718
43,816
106.7%
25,000
25,000
50.0%
103,500
0
100.0%
0.0%
0
1,000,000
0
0
0
370,038
750,000
409
9,480
9,071
1.3%
TOTAL NON‐DEPARTMENTAL
35,705,066
31,233,159
9,872,058
11,911,257
2,039,199
38.1%
TOTAL EXPENDITURES
99,351,891
111,730,351
44,889,325
46,220,606
1,331,281
41.4%
6,520,000
4,000,000
3,803,333
3,657,500
(145,833)
91.4%
110,000
0
0
0
0
0
0
0.0%
0
58.3%
58.3%
NON‐DEPARTMENTAL BAD DEBT
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
TO WATER/SEWER IMPROVEMENTS
11,518,109
TO RISK MANAGEMENT
500,000
TO GENERAL TORT
220,874
TO GEN ADM INFO TECH
TO PURCHASING
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
0.0%
500,000
291,667
291,667
325,890
454,733
190,103
265,261
75,158
383,033
0
210,800
167,325
(43,475)
0.0%
8,059,797
16,472,842
4,495,903
4,381,753
(114,150)
26.6%
107,411,688
128,203,193
49,385,228
50,602,359
20,833,949
22,290,879
15,946,037
0
(1)
1,217,131
39.5%
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Actual to Budget Variance
As of 01/31/2015
BUDGET
BUDGET
BUDGET
ACTUAL
ACTUAL TO BUDGET
PRIOR YEAR
CURRENT YEAR
CURRENT YEAR
CURRENT YEAR
VARIANCE
% ANNUAL
ENCUMBRANCES
OPEN
FY 2013/14
FY 2014/15
THRU JAN 2015
THRU JAN 2015
THRU JAN 2015
BUDGET
THRU JAN 2015
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
INTEREST REVENUES
RENTS & SALE OF PROPERTY
126,598,385
125,928,595
73,458,593
72,357,166
(1,101,427)
57.5%
250,000
300,000
175,001
188,843
13,842
62.9%
176.8%
10,000
10,000
5,833
17,684
11,851
1,250,000
1,206,500
703,794
116,394
(587,400)
9.6%
100,000
140,000
81,667
213,151
131,484
152.3%
CONTRIBUTIONS
0
0
0
0
TOTAL REVENUE
128,208,385
127,585,095
74,424,888
72,893,238
0
(1,531,650)
0.0%
57.1%
TRANSFERS IN
0
0
0
0
0
UNAPPROPRIATED SURPLUS
811,381
618,097
360,558
0
(360,558)
0.0%
TOTAL TRANSFERS IN
811,381
618,097
360,558
0
(360,558)
0.0%
129,019,766
128,203,192
74,785,446
72,893,238
(1,892,208)
56.9%
FROM OTHER FUNDS
TOTAL WATER/SEWER REV & TRF
0.0%
EXPENDITURES ‐ DEPARTMENTS
CENTRAL ADMINISTRATION
0
0
0
0
FINANCE
6,324,398
6,444,339
3,759,216
1,960,318
ECONOMIC & COMM DEV
0
(1,798,898)
0.0%
0
30.4%
515,117
41,437
2,634,513
2,811,011
1,639,758
1,642,436
2,678
58.4%
POLICE
579,904
659,258
384,570
297,504
(87,066)
45.1%
0
FIRE
476,999
472,442
275,592
197,238
(78,354)
41.7%
0
PUBLIC WORKS 1,566,432
1,677,136
978,332
701,327
(277,005)
41.8%
281,544
GENERAL SRVCS/SUPPORT SERVICES
1,779,978
1,945,672
1,134,979
820,130
(314,849)
42.2%
158,878
INFORMATION TECHNOLOGY
645,699
503,293
293,589
212,059
(81,530)
42.1%
2,498
1,384,083
1,387,677
809,482
784,241
(25,241)
56.5%
(1,243)
ENGINEERING:GENERAL SERVICES
1,502,957
1,735,179
1,012,195
534,774
(477,421)
30.8%
610,974
WATER CUSTOMER SERVICE
3,316,423
3,325,548
1,939,909
1,740,574
(199,335)
52.3%
95,249
WATER DISTRIBUTION & MAINTENANCE
10,664,872
11,318,814
6,602,664
5,455,279
(1,147,385)
48.2%
1,517,660
WASTEWATER MAINTENANCE
2,291,600
ENGINEERING:ADMINISTRATION
13,712,773
13,555,849
7,907,602
5,514,558
(2,393,044)
40.7%
COLUMBIA CANAL WTP
6,190,184
6,464,601
3,771,032
2,800,167
(970,865)
43.3%
979,984
LAKE MURRAY WTP
5,931,907
6,152,232
3,588,816
2,897,035
(691,781)
47.1%
985,527
(3,931,522)
36.5%
5,271,486
METRO WWTP
14,187,768
17,969,778
10,482,402
6,550,880
WATER MAINTENANCE PROJECTS
7,066,798
0
0
206,618
206,618
0.0%
575,465
SEWER MAINTENANCE PROJECTS
3,460,000
0
0
20,760
20,760
0.0%
641,345
WATER SYSTEMS IMPROVEMENTS
2,051,171
2,118,577
1,235,842
1,205,682
(30,160)
56.9%
119,429
WASTEWATER SYSTEMS IMPROVEMENTS
1,382,548
1,508,747
880,104
513,315
(366,789)
34.0%
1,300
REAL ESTATE WATER
229,327
228,948
133,555
176,018
42,463
76.9%
119
REAL ESTATE WASTE
219,658
218,091
127,220
78,436
(48,784)
36.0%
25
0
85,308,392
0
80,497,192
0
46,956,859
0
34,309,349
0
(12,647,510)
0.0%
42.6%
14,088,395
30,027,050
29,008,192
16,921,502
11,463,121
(5,458,381)
39.5%
0
0
0
0
0
0.0%
0
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
DEBT SERVICE
DEPRECIATION
TUITION REIMBURSEMENT
TECHNOLOGY CONTINGENCY
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
NON‐DEPARTMENTAL BAD DEBT
TOTAL NON‐DEPARTMENTAL
TOTAL EXPENDITURES
0
35,000
35,000
20,417
4,438
(15,979)
12.7%
0
873,206
286,467
167,106
305,718
138,612
106.7%
37,224
50,000
50,000
29,167
25,000
(4,167)
50.0%
25,000
153,500
103,500
60,375
103,500
43,125
100.0%
0
1,000,000
1,000,000
583,335
0
(583,335)
0.0%
0
750,000
750,000
437,501
9,480
(428,021)
1.3%
0
32,888,756
31,233,159
18,219,403
11,911,257
(6,308,146)
38.1%
62,224
118,197,148
111,730,351
65,176,262
46,220,606
(18,955,656)
41.4%
14,150,618
4,250,000
4,000,000
2,333,333
3,657,500
1,324,167
91.4%
70,000
0
0
0
0
0.0%
5,676,728
11,518,109
6,718,897
0
(6,718,897)
0.0%
500,000
500,000
291,667
291,667
0
58.3%
0
0
0
0
0.0%
325,890
454,733
265,261
265,261
0
58.3%
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
TO WATER/SEWER IMPROVEMENTS
TO RISK MANAGEMENT
TO GENERAL TORT
TO GEN ADM INFO TECH
TO PURCHASING
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
0
0
0
167,325
167,325
0.0%
10,822,618
16,472,842
9,609,158
4,381,753
(5,227,405)
26.6%
129,019,766
128,203,193
74,785,420
50,602,359
(24,183,061)
39.5%
0
(1)
26
22,290,879
14,150,618
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Current to Prior Year Variance
As of 06/30/2014
ACTUAL
BUDGET
ACTUAL
ACTUAL
ACTUAL
PRIOR YEAR
CURRENT YEAR
PRIOR YEAR
CURRENT YEAR
CURRENT TO PRIOR
% ANNUAL
FY 2012/13
FY 2013/14
THRU JUNE 2013
THRU JUNE 2014
VARIANCE
BUDGET
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
INTEREST REVENUES
RENTS & SALE OF PROPERTY
200,749
0
200,749
0
(200,749)
0.0%
121,059,282
126,598,385
121,059,282
116,146,428
(4,912,854)
91.7%
326,796
250,000
326,796
338,734
11,938
135.5%
(1,252)
10,000
(1,252)
13,558
14,810
135.6%
149,876
1,250,000
149,876
972,514
822,638
77.8%
11,118,519
100,000
11,118,519
453,031
(10,665,488)
453.0%
CONTRIBUTIONS
5,831,240
0
5,831,240
5,431,910
(399,330)
0.0%
TOTAL REVENUE
138,685,210
128,208,385
138,685,210
123,356,175
(15,329,035)
96.2%
1,386,862
0
1,386,862
1,550
(1,385,312)
0
811,381
0
0
1,386,862
811,381
1,386,862
1,550
(1,385,312)
0.2%
140,072,072
129,019,766
140,072,072
123,357,725
(16,714,347)
95.6%
TRANSFERS IN
FROM OTHER FUNDS
UNAPPROPRIATED SURPLUS
TOTAL TRANSFERS IN
TOTAL WATER/SEWER REV & TRF
0
0.0%
0.0%
EXPENDITURES ‐ DEPARTMENTS
CENTRAL ADMINISTRATION
46,955
0
46,955
675
(46,280)
0.0%
FINANCE
3,393,618
6,324,398
3,393,618
3,572,750
179,132
56.5%
ECONOMIC & COMM DEV
2,267,212
2,634,513
2,267,212
2,432,631
165,419
92.3%
POLICE
568,510
579,904
568,510
527,357
(41,153)
90.9%
FIRE
436,946
476,999
436,946
463,973
27,027
97.3%
PUBLIC WORKS 961,844
1,566,432
961,844
887,957
(73,887)
56.7%
1,338,120
1,779,978
1,338,120
1,442,937
104,817
81.1%
(131,329)
58.0%
57,734
98.9%
GENERAL SRVCS/SUPPORT SERVICES
INFORMATION TECHNOLOGY
506,084
645,699
506,084
374,755
1,310,986
1,384,083
1,310,986
1,368,720
ENGINEERING:GENERAL SERVICES
3,455,755
1,502,957
3,455,755
654,976
(2,800,779)
43.6%
WATER CUSTOMER SERVICE
3,071,907
3,316,423
3,071,907
3,110,846
38,939
93.8%
WATER DISTRIBUTION & MAINTENANCE
9,169,029
10,664,872
9,169,029
9,016,134
(152,895)
84.5%
WASTEWATER MAINTENANCE
7,060,605
13,712,773
7,060,605
7,136,649
76,044
52.0%
COLUMBIA CANAL WTP
5,344,243
6,190,184
5,344,243
5,291,336
(52,907)
85.5%
94.4%
ENGINEERING:ADMINISTRATION
LAKE MURRAY WTP
5,697,696
5,931,907
5,697,696
5,602,466
(95,230)
10,584,267
14,187,768
10,584,267
11,980,817
1,396,550
84.4%
WATER MAINTENANCE PROJECTS
1,835,699
7,066,798
1,835,699
1,378,729
(456,970)
19.5%
SEWER MAINTENANCE PROJECTS
10,631,374
3,460,000
10,631,374
2,522,966
(8,108,408)
72.9%
WATER SYSTEMS IMPROVEMENTS
1,692,572
2,051,171
1,692,572
1,822,198
129,626
88.8%
WASTEWATER SYSTEMS IMPROVEMENTS
METRO WWTP
1,124,039
1,382,548
1,124,039
1,248,127
124,088
90.3%
REAL ESTATE WATER
208,772
229,327
208,772
214,319
5,547
93.5%
REAL ESTATE WASTE
197,587
219,658
197,587
204,882
7,295
93.3%
6,000
70,909,820
0
85,308,392
6,000
70,909,820
2,390,625
63,646,825
2,384,625
(7,262,995)
0.0%
74.6%
DEBT SERVICE
9,923,548
30,027,050
9,923,548
11,016,246
1,092,698
36.7%
DEPRECIATION
22,438,145
0
22,438,145
23,665,647
1,227,502
0.0%
19,669
35,000
19,669
14,648
(5,021)
41.9%
656,181
873,206
656,181
434,987
(221,194)
49.8%
50,000
50,000
50,000
50,000
0
100.0%
223,500
153,500
223,500
153,500
(70,000)
100.0%
0
1,000,000
0
0
1,871,186
750,000
1,871,186
370,038
35,182,229
32,888,756
35,182,229
35,705,066
106,092,049
118,197,148
106,092,049
99,351,891
6,770,000
4,250,000
6,770,000
6,520,000
(250,000)
153.4%
346,000
70,000
346,000
110,000
(236,000)
157.1%
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
TUITION REIMBURSEMENT
TECHNOLOGY CONTINGENCY
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
NON‐DEPARTMENTAL BAD DEBT
TOTAL NON‐DEPARTMENTAL
TOTAL EXPENDITURES
0
(1,501,148)
522,837
(6,740,158)
0.0%
49.3%
108.6%
84.1%
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
TO WATER/SEWER IMPROVEMENTS
5,676,728
0
0
0
0.0%
500,000
500,000
500,000
500,000
0
100.0%
TO GENERAL TORT
174,570
0
174,570
220,874
TO SEWER TORT
618,526
TO RISK MANAGEMENT
0.0%
618,526
TO GEN ADM INFO TECH
319,500
325,890
319,500
325,890
6,390
TO PURCHASING
309,218
0
309,218
383,033
73,815
0.0%
9,037,814
10,822,618
9,037,814
8,059,797
(405,795)
74.5%
115,129,863
129,019,766
115,129,863
107,411,688
(7,145,953)
83.3%
24,942,209
0
24,942,209
15,946,037
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
100.0%
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Actual to Budget Variance
As of 06/30/2014
BUDGET
BUDGET
BUDGET
ACTUAL
ACTUAL TO BUDGET
PRIOR YEAR
CURRENT YEAR
CURRENT YEAR
CURRENT YEAR
VARIANCE
% ANNUAL
ENCUMBRANCES
OPEN
FY 2012/13
FY 2013/14
THRU JUNE 2014
THRU JUNE 2014
THRU JUNE 2014
BUDGET
THRU JUNE 2014
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
INTEREST REVENUES
RENTS & SALE OF PROPERTY
0
120,565,279
0
0
0
126,598,385
126,598,385
116,146,428
(10,451,957)
200,000
250,000
250,000
338,734
88,734
135.5%
10,000
10,000
10,000
13,558
3,558
135.6%
1,193,700
1,250,000
1,250,000
972,514
(277,486)
77.8%
85,000
100,000
100,000
453,031
353,031
453.0%
CONTRIBUTIONS
0
0
0
5,431,910
TOTAL REVENUE
122,053,979
128,208,385
128,208,385
123,356,175
0
0.0%
91.7%
5,431,910
0.0%
(4,852,210)
96.2%
TRANSFERS IN
0
0
0
1,550
1,550
UNAPPROPRIATED SURPLUS
1,919,007
811,381
811,381
0
(811,381)
0.0%
TOTAL TRANSFERS IN
1,919,007
811,381
811,381
1,550
(809,831)
0.2%
123,972,986
129,019,766
129,019,766
123,357,725
(5,662,041)
95.6%
FROM OTHER FUNDS
TOTAL WATER/SEWER REV & TRF
0.0%
EXPENDITURES ‐ DEPARTMENTS
47,142
0
0
675
675
0.0%
0
FINANCE
6,246,890
6,324,398
6,324,398
3,572,750
(2,751,648)
56.5%
59,322
ECONOMIC & COMM DEV
CENTRAL ADMINISTRATION
2,322,000
2,634,513
2,634,513
2,432,631
(201,882)
92.3%
20,741
POLICE
581,841
579,904
579,904
527,357
(52,547)
90.9%
0
FIRE
476,689
476,999
476,999
463,973
(13,026)
97.3%
0
PUBLIC WORKS 1,222,327
1,566,432
1,566,432
887,957
(678,475)
56.7%
184,716
GENERAL SRVCS/SUPPORT SERVICES
1,618,530
1,779,978
1,779,978
1,442,937
(337,041)
81.1%
97,990
701,771
645,699
645,699
374,755
(270,944)
58.0%
875
1,329,759
1,384,083
1,384,083
1,368,720
(15,363)
98.9%
0
753,230
1,502,957
1,502,957
654,976
(847,981)
43.6%
121,171
INFORMATION TECHNOLOGY
ENGINEERING:ADMINISTRATION
ENGINEERING:GENERAL SERVICES
3,144,436
3,316,423
3,316,423
3,110,846
(205,577)
93.8%
161
10,677,435
10,664,872
10,664,872
9,016,134
(1,648,738)
84.5%
511,174
WASTEWATER MAINTENANCE
8,198,798
13,712,773
13,712,773
7,136,649
(6,576,124)
52.0%
2,278,654
COLUMBIA CANAL WTP
6,177,069
6,190,184
6,190,184
5,291,336
(898,848)
85.5%
581,698
LAKE MURRAY WTP
5,903,096
5,931,907
5,931,907
5,602,466
(329,441)
94.4%
322,585
13,900,817
14,187,768
14,187,768
11,980,817
(2,206,951)
84.4%
1,606,510
WATER MAINTENANCE PROJECTS
878,117
7,066,798
7,066,798
1,378,729
(5,688,069)
19.5%
3,293,423
SEWER MAINTENANCE PROJECTS
878,116
3,460,000
3,460,000
2,522,966
(937,034)
72.9%
3,965,135
WATER SYSTEMS IMPROVEMENTS
2,276,015
2,051,171
2,051,171
1,822,198
(228,973)
88.8%
374
WASTEWATER SYSTEMS IMPROVEMENTS
1,467,956
1,382,548
1,382,548
1,248,127
(134,421)
90.3%
24,277
REAL ESTATE WATER
227,647
229,327
229,327
214,319
(15,008)
93.5%
0
REAL ESTATE WASTE
217,704
219,658
219,658
204,882
(14,776)
93.3%
0
20,000,000
89,247,385
0
0
2,390,625
85,308,392
85,308,392
63,646,825
2,390,625
(21,661,567)
0.0%
74.6%
13,068,808
27,362,601
30,027,050
30,027,050
11,016,246
(19,010,804)
36.7%
0
0
0
0
23,665,647
23,665,647
0.0%
0
35,000
35,000
35,000
14,648
(20,352)
41.9%
0
500,000
873,206
873,206
434,987
(438,219)
49.8%
176,133
50,000
50,000
50,000
50,000
0
100.0%
0
288,500
153,500
153,500
153,500
0
100.0%
0
1,000,000
1,000,000
1,000,000
0
(1,000,000)
0.0%
0
0
750,000
750,000
370,038
(379,962)
49.3%
0
29,236,101
32,888,756
32,888,756
35,705,066
2,816,310
108.6%
176,133
118,483,486
118,197,148
118,197,148
99,351,891
(18,845,257)
84.1%
13,244,940
4,500,000
4,250,000
4,250,000
6,520,000
2,270,000
153.4%
170,000
70,000
70,000
110,000
40,000
157.1%
0
5,676,728
5,676,728
0
(5,676,728)
0.0%
500,000
500,000
500,000
500,000
0
100.0%
WATER CUSTOMER SERVICE
WATER DISTRIBUTION & MAINTENANCE
METRO WWTP
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
DEBT SERVICE
DEPRECIATION
TUITION REIMBURSEMENT
TECHNOLOGY CONTINGENCY
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
NON‐DEPARTMENTAL BAD DEBT
TOTAL NON‐DEPARTMENTAL
TOTAL EXPENDITURES
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
TO WATER/SEWER IMPROVEMENTS
TO RISK MANAGEMENT
TO GENERAL TORT
0
0
0
220,874
220,874
0.0%
TO SEWER TORT
0
0
0
0
0
0.0%
319,500
325,890
325,890
325,890
0
100.0%
0
0
0
383,033
383,033
0.0%
5,489,500
10,822,618
10,822,618
8,059,797
(2,762,821)
74.5%
123,972,986
129,019,766
129,019,766
107,411,688
(21,608,078)
83.3%
0
0
0
15,946,037
TO GEN ADM INFO TECH
TO PURCHASING
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
13,244,940
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Current to Prior Year Variance
As of 06/30/2013
ACTUAL
BUDGET
ACTUAL
ACTUAL
ACTUAL
PRIOR YEAR
CURRENT YEAR
PRIOR YEAR
CURRENT YEAR
CURRENT TO PRIOR
% ANNUAL
FY 2011/12
FY 2012/13
THRU JUNE 2012
THRU JUNE 2013
VARIANCE
BUDGET
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
0
0
0
200,749
200,749
0.0%
112,339,649
120,565,279
112,339,649
121,059,282
8,719,633
100.4%
278,747
200,000
278,747
326,796
48,049
163.4%
9,220
10,000
9,220
(10,472)
‐12.5%
INTEREST REVENUES
2,520,679
1,193,700
2,520,679
RENTS & SALE OF PROPERTY
(1,261,187)
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
85,000
(1,261,187)
(1,252)
149,876
11,118,519
(2,370,803)
12,379,706
12.6%
13080.6%
CONTRIBUTIONS
4,066,060
0
4,066,060
5,831,240
1,765,180
0.0%
TOTAL REVENUE
117,953,168
122,053,979
117,953,168
138,685,210
20,732,042
113.6%
0
0
0
1,386,862
1,386,862
943,879
0
943,879
0
TRANSFERS IN
FROM OTHER FUNDS
FROM SEWER TORT
UNAPPROPRIATED SURPLUS
TOTAL TRANSFERS IN
TOTAL WATER/SEWER REV & TRF
(943,879)
0.0%
0.0%
0
1,919,007
0
0
0
0.0%
943,879
1,919,007
943,879
1,386,862
442,983
72.3%
118,897,047
123,972,986
118,897,047
140,072,072
21,175,025
113.0%
EXPENDITURES ‐ DEPARTMENTS
CENTRAL ADMINISTRATION
22,467
47,142
22,467
46,955
24,488
99.6%
FINANCE
2,950,981
6,246,890
2,950,981
3,393,618
442,637
54.3%
ECONOMIC & COMM DEV
97.6%
2,750,481
2,322,000
2,750,481
2,267,212
(483,269)
POLICE
609,761
581,841
609,761
568,510
(41,251)
97.7%
FIRE
465,901
476,689
465,901
436,946
(28,955)
91.7%
(104,470)
78.7%
130,296
82.7%
56,004
72.1%
PUBLIC WORKS 1,066,314
1,222,327
1,066,314
961,844
GENERAL SRVCS/SUPPORT SERVICES
1,207,824
1,618,530
1,207,824
1,338,120
INFORMATION TECHNOLOGY
450,080
701,771
450,080
506,084
ENGINEERING:ADMINISTRATION
1,462,181
1,329,759
1,462,181
1,310,986
ENGINEERING:GENERAL SERVICES
1,050,769
753,230
1,050,769
3,455,755
WATER CUSTOMER SERVICE
3,093,285
3,144,436
3,093,285
3,071,907
(21,378)
WATER DISTRIBUTION & MAINTENANCE
9,558,977
10,677,435
9,558,977
9,169,029
(389,948)
85.9%
WASTEWATER MAINTENANCE
7,617,289
8,198,798
7,617,289
7,060,605
(556,684)
86.1%
(151,195)
2,404,986
98.6%
458.8%
97.7%
COLUMBIA CANAL WTP
5,585,666
6,177,069
5,585,666
5,344,243
(241,423)
86.5%
LAKE MURRAY WTP
5,172,839
5,903,096
5,172,839
5,697,696
524,857
96.5%
METRO WWTP
9,393,682
13,900,817
9,393,682
10,584,267
1,190,585
76.1%
WATER MAINTENANCE PROJECTS
7,065,885
878,117
7,065,885
1,835,699
(5,230,186)
209.0%
SEWER MAINTENANCE PROJECTS
15,851,977
878,116
15,851,977
10,631,374
(5,220,603)
1210.7%
WATER SYSTEMS IMPROVEMENTS
1,810,356
2,276,015
1,810,356
1,692,572
(117,784)
74.4%
WASTEWATER SYSTEMS IMPROVEMENTS
1,691,853
1,467,956
1,691,853
1,124,039
(567,814)
76.6%
REAL ESTATE WATER
186,727
227,647
186,727
208,772
22,045
91.7%
REAL ESTATE WASTE
180,445
217,704
180,445
197,587
17,142
90.8%
0
79,245,740
20,000,000
89,247,385
0
79,245,740
6,000
70,909,820
6,000
(8,335,920)
0.0%
79.5%
DEBT SERVICE
4,830,741
27,362,601
4,830,741
9,923,548
5,092,807
36.3%
DEPRECIATION
21,563,025
0
21,563,025
22,438,145
875,120
0.0%
TUITION REIMBURSEMENT
31,002
35,000
31,002
19,669
(11,333)
56.2%
TECHNOLOGY CONTINGENCY
53,386
500,000
53,386
656,181
602,795
131.2%
0
50,000
0
50,000
50,000
100.0%
190,960
288,500
190,960
223,500
32,540
77.5%
0
1,000,000
0
0
0
0.0%
542,641
0
542,641
1,871,186
1,328,545
0.0%
27,211,755
29,236,101
27,211,755
35,182,229
7,970,474
120.3%
106,457,495
118,483,486
106,457,495
106,092,049
6,770,000
4,500,000
6,770,000
6,770,000
384,772
170,000
384,772
346,000
0
0
0
0
0.0%
500,000
500,000
500,000
500,000
0
100.0%
0.0%
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
NON‐DEPARTMENTAL BAD DEBT
TOTAL NON‐DEPARTMENTAL
TOTAL EXPENDITURES
(365,446)
89.5%
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
TO WATER/SEWER IMPROVEMENTS
TO RISK MANAGEMENT
TO GENERAL TORT
TO SEWER TORT
TO GEN ADM INFO TECH
TO PURCHASING
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
0
(38,772)
150.4%
203.5%
0
0
0
174,570
174,570
18,343
0
18,343
618,526
600,183
0.0%
319,500
319,500
319,500
319,500
0
100.0%
382,929
0
382,929
309,218
8,375,544
5,489,500
8,375,544
9,037,814
662,270
(73,711)
164.6%
0.0%
114,833,039
123,972,986
114,833,039
115,129,863
296,824
92.9%
4,064,008
0
4,064,008
24,942,209
City of Columbia
Water/Sewer Summary ‐ Revenue & Expenditures ‐ Actual to Budget Variance
As of 06/30/2013
BUDGET
BUDGET
BUDGET
ACTUAL
ACTUAL TO BUDGET
PRIOR YEAR
CURRENT YEAR
CURRENT YEAR
CURRENT YEAR
VARIANCE
% ANNUAL
ENCUMBRANCES
OPEN
FY 2011/12
FY 2012/13
THRU JUNE 2013
THRU JUNE 2013
THRU JUNE 2013
BUDGET
THRU JUNE 2013
REVENUE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
INTERGOVERNMENTAL REVENUES
CHARGES FOR SERVICES
FINES & FORFEITURES
MISCELLANEOUS REVENUE
INTEREST REVENUES
RENTS & SALE OF PROPERTY
0
0
0
200,749
200,749
0.0%
108,483,999
120,565,279
120,565,279
121,059,282
494,003
100.4%
200,000
200,000
200,000
326,796
126,796
163.4%
10,000
10,000
10,000
(11,252)
‐12.5%
1,606,500
1,193,700
1,193,700
149,876
100,000
85,000
85,000
11,118,519
(1,252)
(1,043,824)
11,033,519
12.6%
13080.6%
CONTRIBUTIONS
0
0
0
5,831,240
5,831,240
0.0%
TOTAL REVENUE
110,400,499
122,053,979
122,053,979
138,685,210
16,631,231
113.6%
0.0%
TRANSFERS IN
FROM OTHER FUNDS
0
0
0
1,386,862
1,386,862
FROM SEWER TORT
0
0
0
0
0
UNAPPROPRIATED SURPLUS
126,668
1,919,007
1,919,007
0
(1,919,007)
0.0%
TOTAL TRANSFERS IN
126,668
1,919,007
1,919,007
1,386,862
(532,145)
72.3%
110,527,167
123,972,986
123,972,986
140,072,072
TOTAL WATER/SEWER REV & TRF
16,099,086
0.0%
113.0%
EXPENDITURES ‐ DEPARTMENTS
47,142
47,142
47,142
46,955
(187)
99.6%
FINANCE
5,658,912
6,246,890
6,246,890
3,393,618
(2,853,272)
54.3%
145,081
ECONOMIC & COMM DEV
CENTRAL ADMINISTRATION
(128)
2,708,280
2,322,000
2,322,000
2,267,212
(54,788)
97.6%
726
POLICE
756,736
581,841
581,841
568,510
(13,331)
97.7%
0
FIRE
478,626
476,689
476,689
436,946
(39,743)
91.7%
0
PUBLIC WORKS 1,211,758
1,222,327
1,222,327
961,844
(260,483)
78.7%
32,481
GENERAL SRVCS/SUPPORT SERVICES
1,754,533
1,618,530
1,618,530
1,338,120
(280,410)
82.7%
63,927
726,868
701,771
701,771
506,084
(195,687)
72.1%
42,687
1,314,245
1,329,759
1,329,759
1,310,986
412,413
753,230
753,230
3,455,755
INFORMATION TECHNOLOGY
ENGINEERING:ADMINISTRATION
ENGINEERING:GENERAL SERVICES
(18,773)
2,702,525
98.6%
0
458.8%
10,025
3,118,954
3,144,436
3,144,436
3,071,907
(72,529)
97.7%
5,551
10,497,749
10,677,435
10,677,435
9,169,029
(1,508,406)
85.9%
306,213
WASTEWATER MAINTENANCE
8,076,077
8,198,798
8,198,798
7,060,605
(1,138,193)
86.1%
375,470
COLUMBIA CANAL WTP
6,140,221
6,177,069
6,177,069
5,344,243
(832,826)
86.5%
511,835
LAKE MURRAY WTP
6,001,461
5,903,096
5,903,096
5,697,696
(205,400)
96.5%
321,444
14,249,999
13,900,817
13,900,817
10,584,267
(3,316,550)
76.1%
1,743,958
WATER MAINTENANCE PROJECTS
0
878,117
878,117
1,835,699
957,582
209.0%
3,382,987
SEWER MAINTENANCE PROJECTS
0
878,116
878,116
10,631,374
9,753,258
1210.7%
15,255,864
WATER SYSTEMS IMPROVEMENTS
2,106,618
2,276,015
2,276,015
1,692,572
(583,443)
74.4%
10,615
WASTEWATER SYSTEMS IMPROVEMENTS
1,908,912
1,467,956
1,467,956
1,124,039
(343,917)
76.6%
396
REAL ESTATE WATER
199,731
227,647
227,647
208,772
(18,875)
91.7%
0
REAL ESTATE WASTE
195,543
217,704
217,704
197,587
(20,117)
90.8%
0
2,160,526
69,725,304
20,000,000
6,000
89,247,385
20,000,000
89,247,385
70,909,820
(19,994,000)
(18,337,565)
0.0%
79.5%
22,209,132
31,715,082
27,362,601
27,362,601
9,923,548
(17,439,053)
36.3%
0
0
0
0
22,438,145
22,438,145
0.0%
0
WATER CUSTOMER SERVICE
WATER DISTRIBUTION & MAINTENANCE
METRO WWTP
WATER/SEWER IMPROVEMENTS
TOTAL DEPARTMENT EXPENDITURES ‐ NON‐DEPARTMENTAL & MISC.
DEBT SERVICE
DEPRECIATION
TUITION REIMBURSEMENT
TECHNOLOGY CONTINGENCY
EMPLOYEE TRAINING
ECONOMIC DEVELOPMENT SPECIAL PROJECTS
RESERVE
NON‐DEPARTMENTAL BAD DEBT
TOTAL NON‐DEPARTMENTAL
TOTAL EXPENDITURES
35,000
35,000
35,000
19,669
(15,331)
56.2%
0
1,500,000
500,000
500,000
656,181
156,181
131.2%
551,508
0
100.0%
0
50,000
50,000
50,000
50,000
267,500
288,500
288,500
223,500
(65,000)
77.5%
0
1,863,789
1,000,000
1,000,000
0
(1,000,000)
0.0%
0
0
0
0
1,871,186
1,871,186
0.0%
0
35,431,371
29,236,101
29,236,101
35,182,229
5,946,128
120.3%
551,508
105,156,675
118,483,486
118,483,486
106,092,049
(12,391,437)
89.5%
22,760,640
4,500,000
4,500,000
4,500,000
6,770,000
2,270,000
150.4%
50,994
170,000
170,000
346,000
176,000
203.5%
TRANSFERS OUT
TO GENERAL FUND
TO CAPITAL PROJECTS FUND
0
0
0
0
0
0.0%
500,000
500,000
500,000
500,000
0
100.0%
TO GENERAL TORT
0
0
0
174,570
174,570
0.0%
TO SEWER TORT
0
0
0
618,526
618,526
0.0%
319,500
319,500
319,500
319,500
0
100.0%
TO WATER/SEWER IMPROVEMENTS
TO RISK MANAGEMENT
TO GEN ADM INFO TECH
TO PURCHASING
TOTAL TRANSFERS OUT
TOTAL WATER/SEWER EXP & TRF
TOTAL SURPLUS (DEFICIT)
0
0
0
309,218
309,218
0.0%
5,370,494
5,489,500
5,489,500
9,037,814
3,548,314
164.6%
110,527,169
123,972,986
123,972,986
115,129,863
(8,843,123)
92.9%
0
0
24,942,209
(2)
22,760,640
CASH RESERVES
Series 2009
Series 2010
Series 2011
Series 2012
Series 2013
less pending draws
available bond balance
as of 12/31/2014
as of 09/30/2014
as of 06/30/2014
as of 03/31/2014
as of 12/31/2013
as of 09/30/2013
‐
‐
‐
‐
63,943,168.99
(4,591,629.81)
59,351,539.18
‐
‐
65.09
‐
77,013,046.60
(2,705,785.38)
74,307,326.31
‐
‐
12,805,953.73
28,608.97
80,031,952.44
(15,826,139.32)
77,040,375.82
‐
‐
26,188,497.52
28,608.97
80,030,737.58
(5,240,178.63)
101,007,665.44
‐
‐
36,922,520.62
28,608.97
‐
(3,751,648.97)
33,199,480.62
‐
‐
42,278,866.40
28,608.97
‐
(3,378,035.78)
38,929,439.59
Fund 552 Equity in Pooled Cash 136,281,064.33 150,957,186.93 186,987,679.18 73,173,027.35 49,009,128.66 32,845,975.47
less Wastewater Encumbrances (53,170,708.50) (56,016,084.82) (53,259,834.27) (46,330,648.28) (20,419,891.90) (25,841,388.83)
less Water encumbrances (66,183,805.46) (64,527,459.13) (70,302,683.66) (25,875,031.14) (19,563,793.86) (20,816,618.93)
16,926,550.37 30,413,642.98 63,425,161.25 967,347.93 9,025,442.90 (13,812,032.29)
Fund 551 Equity in Pooled Cash 92,350,978.38 70,991,099.75 19,316,910.56 128,553,134.45 160,891,577.35 171,811,802.94
less encumbrances (15,582,658.77) (16,880,773.01) (13,244,940.41) (17,058,533.90) (20,769,142.15) (16,089,664.01)
76,768,319.61
54,110,326.74 6,071,970.15
111,494,600.55
140,122,435.20 155,722,138.93
All Resources
287,983,581.89
296,255,612.99
283,344,965.56
302,733,827.24
243,100,186.63
243,587,218.00
Cash & Investments
Available Bond Balance
228,632,042.71
59,351,539.18
287,983,581.89
221,948,286.68
74,307,326.31
296,255,612.99
206,304,589.74
77,040,375.82
283,344,965.56
201,726,161.80
101,007,665.44
302,733,827.24
209,900,706.01
33,199,480.62
243,100,186.63
204,657,778.41
38,929,439.59
243,587,218.00
Cash Reserve
O&M Encumbrances
Water Encumbrances
Wastewater Encumbrances
Remaining in CIP Budget
117,925,050.69
15,582,658.77
66,183,805.46
53,170,708.50
35,121,358.47
287,983,581.89
117,632,829.52
16,880,773.01
64,527,459.13
56,016,084.82
41,198,466.51
296,255,612.99
144,403,731.52
13,244,940.41
70,302,683.66
53,259,834.27
2,133,775.70
283,344,965.56
205,606,408.72
17,058,533.90
25,875,031.14
46,330,648.28
7,863,205.20
302,733,827.24
182,347,358.72
20,769,142.15
19,563,793.86
20,419,891.90
180,839,546.23
16,089,664.01
20,816,618.93
25,841,388.83
243,100,186.63
243,587,218.00
Series 2009
Series 2010
Series 2011
Series 2012
Series 2013
less pending draws
available bond balance
as of 06/30/2013
as of 03/31/2013
as of 12/31/2012
as of 09/30/2012
as of 06/30/2012
as of 03/31/2012
‐
‐
55,485,818.79
28,608.97
‐
(8,747,853.61)
46,766,574.15
264.05
‐
73,210,516.27
28,608.97
‐
(5,319,250.54)
67,920,138.75
264.05
‐
90,599,241.69
28,608.97
‐
(6,876,706.35)
83,751,408.36
10,330,921.78
39.47
106,161,324.38
28,608.97
‐
(7,246,673.95)
109,274,220.65
24,375,363.83
‐
106,145,587.67
28,608.97
‐
(11,530,869.56)
119,018,690.91
28,959,965.05
16,634,435.26
‐
‐
‐
(4,749,468.81)
40,844,931.50
Fund 552 Equity in Pooled Cash 39,182,732.04 39,206,692.00 47,775,956.40 67,379,590.41 78,843,963.91 47,323,620.94
less Wastewater Encumbrances (23,026,361.85) (40,438,756.55) (46,663,924.08) (49,716,387.39) (28,281,451.66) (33,471,624.47)
less Water encumbrances (18,477,909.04) (19,111,370.99) (20,830,545.19) (16,611,240.24) (13,422,670.63) (18,369,531.27)
(2,321,538.85) (20,343,435.54) (19,718,512.87) 1,051,962.78 37,139,841.62 (4,517,534.80)
Fund 551 Equity in Pooled Cash 156,262,877.06 133,637,237.85 124,886,231.63 96,425,066.25 67,965,716.51 92,051,569.60
less encumbrances (22,760,640.12) (26,348,940.95) (31,419,717.61) (28,746,100.64) (26,324,182.65) (26,325,937.56)
133,502,236.94
107,288,296.90
93,466,514.02
67,678,965.61
41,641,533.86 65,725,632.04
All Resources
242,212,183.25
240,764,068.60
256,413,596.39
273,078,877.31
265,828,371.33
180,220,122.04
Cash & Investments
Available Bond Balance
195,445,609.10
46,766,574.15
242,212,183.25
172,843,929.85
67,920,138.75
240,764,068.60
172,662,188.03
83,751,408.36
256,413,596.39
163,804,656.66
109,274,220.65
273,078,877.31
146,809,680.42
119,018,690.91
265,828,371.33
139,375,190.54
40,844,931.50
180,220,122.04
Cash Reserve
O&M Encumbrances
Water Encumbrances
Wastewater Encumbrances
Remaining in CIP Budget
177,947,272.24
22,760,640.12
18,477,909.04
23,026,361.85
154,865,000.11
26,348,940.95
19,111,370.99
40,438,756.55
157,499,409.51
31,419,717.61
20,830,545.19
46,663,924.08
178,005,149.04
28,746,100.64
16,611,240.24
49,716,387.39
197,800,066.39
26,324,182.65
13,422,670.63
28,281,451.66
102,053,028.74
26,325,937.56
18,369,531.27
33,471,624.47
242,212,183.25
240,764,068.60
256,413,596.39
273,078,877.31
265,828,371.33
180,220,122.04
Cash Reserves for Previous Four Quarters
Cash Reserve
O&M Encumbrances
Water Encumbrances
Wastewater Encumbrances
Remaining in CIP Budget
$320 M
7,863,205
$300 M
2,133,776
$280 M
$260 M
35,121,358
41,198,467
$240 M
$220 M
$200 M
46,330,648
53,259,834
53,170,709
25,875,031
17,058,534
56,016,085
$180 M
70,302,684
$160 M
13,244,940
$140 M
66,183,805
64,527,459
$120 M
15,582,659
16,880,773
117,925,051
117,632,830
144,403,732
205,606,409
Dec 31, 2014
Sep 30, 2014
Jun 30, 2014
Mar 31, 2014
$100 M
$80 M
$60 M
$40 M
$20 M
$0 M
Status As Of Date
DEBT SERVICE
City of Columbia
Water and Sewer System
Targeted Liquidity
Liquidity:
Unrestricted cash and investments divided by "Total O&M Expenses".
Total O&M Expenses:
Includes all recurring expenditure items, such as salaries, supplies and
maintenance expenses. O&M does not include any depreciation, amortization, or interest expense, nor does it include one‐time charges
such as capital investment or loss/gain on disposal of assets.
Current Aa1 Mean:
138%
Fiscal Year
Expenses
FY 2013 (Audited)
FY 2014 (Audited)
FY 2015 (Projection)
FY 2016 (Budget)
74,400,435
66,189,697
70,423,651
78,749,645
Practice based on Moodys Municipal Financial
Ratio Analysis. Note that prior year was 145%.
Targeted
Liquidity %
145%
145%
138%
138%
Resulting
Targeted
Liquidity
107,880,631
95,975,061
97,184,638
108,674,510
City of Columbia
Water and Sewer System
Calculation of Net Revenues Available for Debt Service ‐ Coverage Calculation
Target ‐ 2.0x
Projected Coverage
Based on Audited 2014
Fiscal Year
Revenues
Charges for Services
Other Operating Revenue
Investment Income/(Loss)
Other Non‐Operating Revenue
Gain/(Loss) from Sale of Assets
Total
Expenses
Personnel Services
Materials and Supplies
Other Services and Charges
Heat, Light and Power
Bad Debt Expense
Net Revenues Available for DS
Audited
2014
116,146,448
352,272
972,514
149,203
303,828
117,924,265
30,183,595
8,759,851
19,739,467
7,127,184
379,600
66,189,697
51,734,568
FY End
June 30
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
Existing
Aggregate
Debt Service
26,753,259
29,008,192
29,006,859
29,005,906
29,009,417
29,005,067
29,008,284
29,012,256
29,016,756
29,019,251
29,020,950
29,019,190
29,024,805
29,022,011
29,023,667
29,025,099
29,033,419
29,324,165
29,353,450
29,372,579
29,392,361
29,414,647
29,447,226
29,470,913
29,499,359
29,522,500
29,516,750
29,523,500
4,829,000
4,830,000
n/a
n/a
n/a
Coverage
Exisiting Bonds
1.93x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.78x
1.76x
1.76x
1.76x
1.76x
1.76x
1.76x
1.76x
1.75x
1.75x
1.75x
1.75x
10.71x
10.71x
n/a
n/a
n/a
OUTSTANDING BOND ISSUES
Water and Sewer Fund as of 6/30/2014:
$81,860,000 Waterworks and Sewer System Revenue Bonds, Series 2009
Payable from revenues derived from the City's water and sewer system
Proceeds for: Cost of improvements to the System
Annual principal installments of $525,000 to $10,840,000 through Feb. 1, 2038
Interest rate: 3.6 to 5.0%
Outstanding principal
$ 81,860,000
$105,000,000 Waterworks and Sewer System Revenue Bonds, Series 2010
Payable from revenues derived from the City's water and sewer system
Proceeds for: Cost of improvements to the System
Annual principal installments of $1,090,000 to $17,855,000 through Feb. 1, 2040
Interest rate: 3.0 to 5.0% Outstanding principal
102,795,000
$100,000,000 Waterworks and Sewer System Revenue Bonds, Series 2011A
Payable from revenues from the City's water and sewer system
Proceeds for: Cost of improvements to the System
Annual principal installments of $1,815,000 to $23,520,000 through Feb. 1, 2041
Interest rate: 2.0 to 5.0%
Outstanding principal
96,045,000
$27,265,000 Waterworks and Sewer System Revenue Bonds, Series 2011B
Payable from revenues from the City's water and sewer system
Proceeds for: Refunding portion of Series 2001 ($30,345,000)
Annual principal installments of $3,420,000 to $4,455,000 through Feb. 1, 2019
Interest rate: 4.0 to 5.0%
Outstanding principal
20,290,000
$58,055,000 Waterworks and Sewer System Revenue Bonds, Series 2012
Payable from revenues from the City's water and sewer system
Proceeds for: Refunding portion of Series 2005 ($60,000,000)
Annual principal installments of $4,560,000 to $6,115,000 through Feb. 1, 2030
Interest rate: 3.5 to 5.0%
Outstanding principal
58,055,000
$75,305,000 Waterworks and Sewer System Revenue Bonds, Series 2013
Payable from revenues from the City's water and sewer system
Proceeds for: Cost of improvements to the System
Annual principal installments of $1,205,000 to $4,600,000 through Feb. 1, 2043
Interest rate: 1.0 to 5.0%
Outstanding principal
73,165,000
Columbia, SC
Waterworks and Sewer System
Revenue Bonds Debt Service - Current Outstanding Bonds
= Existing Actual Bonds (New Money)
= Existing Actual Bonds (Advance Refunding)
= Existing Actual Bonds (Current Refunding)
(a)
(b)
(c)
(d)
Advance refunding of Series 2005 Bonds
Current refunding of Series 2001 Bonds
Assumes (i) synthetic fixed rate of 4.354%, (ii) LOC at 2012 renewal cost of 0.55%, (iii) remarketing of 0.125%, and (iv) ongoing annual expenses of $12K
2009 LOC expired on August 31, 2012. As this occurred during FY 2012-2013, debt service figure for this fiscal year will be slightly off due to lower LOC cost negotiated by the City beginning on or about August 31, 2012.
Series 2013
Ongoing
VRDB Costs
Debt Service
1,475,176
584,739
2,059,915
-
7,012,730
796,391
7,809,120
-
9,485,857
797,310
10,283,167
Bond Year
Ending
Fiscal Year
Ending
2/1/2010
6/30/2010
-
2/1/2011
6/30/2011
2/1/2012
6/30/2012
Principal
Interest
2/1/2013
6/30/2013
6,465,000
16,866,509
571,171
23,902,681
2/1/2014
6/30/2014
8,810,000
17,371,451
571,808
26,753,259
2/1/2015
6/30/2015
8,095,000
20,341,384
571,808
29,008,192
2/1/2016
6/30/2016
8,385,000
20,049,434
572,425
29,006,859
2/1/2017
6/30/2017
8,750,000
19,684,734
571,171
29,005,906
2/1/2018
6/30/2018
9,145,000
19,292,609
571,808
29,009,417
2/1/2019
6/30/2019
9,540,000
18,893,259
571,808
29,005,067
2/1/2020
6/30/2020
9,960,000
18,475,859
572,425
29,008,284
2/1/2021
6/30/2021
10,370,000
18,071,084
571,171
29,012,256
2/1/2022
6/30/2022
10,850,000
17,596,134
570,622
29,016,756
2/1/2023
6/30/2023
11,330,000
17,122,276
566,975
29,019,251
2/1/2024
6/30/2024
11,830,000
16,627,179
563,771
29,020,950
2/1/2025
6/30/2025
12,400,000
16,060,611
558,579
29,019,190
2/1/2026
6/30/2026
13,015,000
15,454,762
555,043
29,024,805
2/1/2027
6/30/2027
13,650,000
14,821,175
550,837
29,022,011
2/1/2028
6/30/2028
14,325,000
14,152,518
546,149
29,023,667
2/1/2029
6/30/2029
15,030,000
13,457,936
537,163
29,025,099
2/1/2030
6/30/2030
15,770,000
12,733,826
529,593
29,033,419
2/1/2031
6/30/2031
16,855,000
11,963,304
505,860
29,324,165
2/1/2032
6/30/2032
17,720,000
11,182,684
450,765
29,353,450
2/1/2033
6/30/2033
18,630,000
10,350,658
391,922
29,372,579
2/1/2034
6/30/2034
19,585,000
9,475,521
331,840
29,392,361
2/1/2035
6/30/2035
20,560,000
8,586,022
268,625
29,414,647
2/1/2036
6/30/2036
21,625,000
7,619,489
202,737
29,447,226
2/1/2037
6/30/2037
22,735,000
6,602,419
133,494
29,470,913
2/1/2038
6/30/2038
23,905,000
5,532,724
61,635
29,499,359
2/1/2039
6/30/2039
25,115,000
4,407,500
-
29,522,500
2/1/2040
6/30/2040
26,365,000
3,151,750
-
29,516,750
2/1/2041
6/30/2041
27,690,000
1,833,500
-
29,523,500
2/1/2042
6/30/2042
4,380,000
449,000
-
4,829,000
2/1/2043
6/30/2043
4,600,000
230,000
-
4,830,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
Principal
Coupon
2,140,000
1.000%
1,205,000
4.000%
1,255,000
4.000%
1,305,000
4.000%
1,360,000
5.000%
1,425,000
5.000%
1,495,000
5.000%
1,570,000
5.000%
1,650,000
5.000%
1,735,000
5.000%
1,820,000
5.000%
1,910,000
5.000%
2,005,000
5.000%
2,105,000
5.000%
2,210,000
5.000%
2,320,000
5.000%
2,440,000
5.000%
2,560,000
5.000%
2,690,000
5.000%
2,825,000
5.000%
2,965,000
5.000%
3,110,000
5.000%
3,270,000
5.000%
3,430,000
5.000%
3,600,000
5.000%
3,785,000
5.000%
3,970,000
5.000%
4,170,000
5.000%
4,380,000
5.000%
4,600,000
5.000%
Interest
435,017
1,810,300
1,810,300
1,786,200
1,786,200
1,761,100
1,761,100
1,735,000
1,735,000
1,701,000
1,701,000
1,665,375
1,665,375
1,628,000
1,628,000
1,588,750
1,588,750
1,547,500
1,547,500
1,504,125
1,504,125
1,458,625
1,458,625
1,410,875
1,410,875
1,360,750
1,360,750
1,308,125
1,308,125
1,252,875
1,252,875
1,194,875
1,194,875
1,133,875
1,133,875
1,069,875
1,069,875
1,002,625
1,002,625
932,000
932,000
857,875
857,875
780,125
780,125
698,375
698,375
612,625
612,625
522,625
522,625
428,000
428,000
328,750
328,750
224,500
224,500
115,000
115,000
Series 2012 (a)
Debt Service
Annual
Semiannual
2,575,017
1,810,300
3,015,300
1,786,200
3,041,200
1,761,100
3,066,100
1,735,000
3,095,000
1,701,000
3,126,000
1,665,375
3,160,375
1,628,000
3,198,000
1,588,750
3,238,750
1,547,500
3,282,500
1,504,125
3,324,125
1,458,625
3,368,625
1,410,875
3,415,875
1,360,750
3,465,750
1,308,125
3,518,125
1,252,875
3,572,875
1,194,875
3,634,875
1,133,875
3,693,875
1,069,875
3,759,875
1,002,625
3,827,625
932,000
3,897,000
857,875
3,967,875
780,125
4,050,125
698,375
4,128,375
612,625
4,212,625
522,625
4,307,625
428,000
4,398,000
328,750
4,498,750
224,500
4,604,500
115,000
4,715,000
2,575,017
4,825,600
4,827,400
4,827,200
4,830,000
4,827,000
4,825,750
4,826,000
4,827,500
4,830,000
4,828,250
4,827,250
4,826,750
4,826,500
4,826,250
4,825,750
4,829,750
4,827,750
4,829,750
4,830,250
4,829,000
4,825,750
4,830,250
4,826,750
4,825,250
4,830,250
4,826,000
4,827,500
4,829,000
4,830,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
Principal
Coupon
5,005,000
3.500%
4,930,000
4.500%
4,560,000
4.000%
4,745,000
4.000%
4,935,000
5.000%
5,180,000
5.000%
5,440,000
5.000%
5,765,000
5.000%
5,555,000
5.000%
5,825,000
5.000%
6,115,000
5.000%
Interest
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,267,400
1,267,400
1,156,475
1,156,475
1,065,275
1,065,275
970,375
970,375
847,000
847,000
717,500
717,500
581,500
581,500
437,375
437,375
298,500
298,500
152,875
152,875
Series 2011B (b)
Debt Service
Semiannual
Annual
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
6,359,988
1,267,400
6,197,400
1,156,475
5,716,475
1,065,275
5,810,275
970,375
5,905,375
847,000
6,027,000
717,500
6,157,500
581,500
6,346,500
437,375
5,992,375
298,500
6,123,500
152,875
6,267,875
2,431,450
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
7,714,975
7,464,800
6,872,950
6,875,550
6,875,750
6,874,000
6,875,000
6,928,000
6,429,750
6,422,000
6,420,750
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
Principal
Coupon
3,420,000
4.000%
3,555,000
4.000%
3,705,000
4.000%
3,845,000
5.000%
4,040,000
5.000%
4,245,000
5.000%
4,455,000
5.000%
Interest
184,977
628,225
628,225
559,825
559,825
488,725
488,725
414,625
414,625
318,500
318,500
217,500
217,500
111,375
111,375
Debt Service
Semiannual
Annual
184,977
628,225
4,048,225
559,825
4,114,825
488,725
4,193,725
414,625
4,259,625
318,500
4,358,500
217,500
4,462,500
111,375
4,566,375
184,977
4,676,450
4,674,650
4,682,450
4,674,250
4,677,000
4,680,000
4,677,750
Series 2011A
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
Principal
Bifurcated
Coupon
1,955,000
2.000%
2,000,000
2.000%
2,040,000
3.000%
2,100,000
3.000%
2,155,000
3.500%
2,235,000
3.000%
2,300,000
3.000%
1,815,000
4.000%
1,890,000
4.000%
1,965,000
4.000%
2,040,000
4.000%
2,125,000
4.000%
2,205,000
5.000%
2,320,000
5.000%
2,435,000
5.000%
2,555,000
5.000%
Bifurcated
1,730,000
955,000
5.000%
4.000%
1,810,000
1,000,000
5.000%
4.000%
1,895,000
1,045,000
5.000%
4.000%
3,080,000
5.000%
3,230,000
5.000%
3,390,000
5.000%
3,560,000
5.000%
3,740,000
5.000%
3,925,000
5.000%
4,120,000
5.000%
4,325,000
5.000%
4,540,000
5.000%
23,520,000
5.000%
Series 2010
Interest
669,445
2,273,588
2,273,588
2,254,038
2,254,038
2,234,038
2,234,038
2,203,438
2,203,438
2,171,938
2,171,938
2,134,225
2,134,225
2,100,700
2,100,700
2,066,200
2,066,200
2,029,900
2,029,900
1,992,100
1,992,100
1,952,800
1,952,800
1,912,000
1,912,000
1,869,500
1,869,500
1,814,375
1,814,375
1,756,375
1,756,375
1,695,500
1,695,500
1,631,625
1,631,625
1,569,275
1,569,275
1,504,025
1,504,025
1,435,750
1,435,750
1,358,750
1,358,750
1,278,000
1,278,000
1,193,250
1,193,250
1,104,250
1,104,250
1,010,750
1,010,750
912,625
912,625
809,625
809,625
701,500
701,500
588,000
588,000
-
Debt Service
Annual
Semiannual
669,445
2,273,588
4,228,588
2,254,038
4,254,038
2,234,038
4,274,038
2,203,438
4,303,438
2,171,938
4,326,938
2,134,225
4,369,225
2,100,700
4,400,700
2,066,200
3,881,200
2,029,900
3,919,900
1,992,100
3,957,100
1,952,800
3,992,800
1,912,000
4,037,000
1,869,500
4,074,500
1,814,375
4,134,375
1,756,375
4,191,375
1,695,500
4,250,500
1,631,625
4,316,625
1,569,275
4,379,275
1,504,025
4,444,025
1,435,750
4,515,750
1,358,750
4,588,750
1,278,000
4,668,000
1,193,250
4,753,250
1,104,250
4,844,250
1,010,750
4,935,750
912,625
5,032,625
809,625
5,134,625
701,500
5,241,500
588,000
24,108,000
-
Date
669,445
6,502,175
6,508,075
6,508,075
6,506,875
6,498,875
6,503,450
6,501,400
5,947,400
5,949,800
5,949,200
5,945,600
5,949,000
5,944,000
5,948,750
5,947,750
5,946,000
5,948,250
5,948,550
5,948,050
5,951,500
5,947,500
5,946,000
5,946,500
5,948,500
5,946,500
5,945,250
5,944,250
5,943,000
24,696,000
-
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
Principal
Bifurcated
Coupon
1,090,000
3.000%
1,115,000
3.000%
1,145,000
3.000%
1,185,000
5.000%
1,250,000
5.000%
660,000
645,000
3.000%
1,360,000
4.000%
1,645,000
5.000%
1,980,000
5.000%
2,150,000
5.000%
2,260,000
5.000%
2,380,000
5.000%
450,000
2,055,000
2,625,000
1,000,000
5.000%
4.500%
4.500%
1,750,000
2,880,000
2,000,000
5.000%
Bifurcated
4.000%
5.000%
4.500%
1,025,000
5.000%
4.000%
3,170,000
5.000%
3,355,000
5.000%
3,595,000
5.000%
3,850,000
5.000%
4,120,000
4.250%
4,375,000
5.000%
4,680,000
5.000%
5,000,000
5.000%
5,345,000
5.000%
17,005,000
5.000%
0.000%
17,855,000
5.000%
0.000%
Series 2009 (c) (d)
Interest
914,920
2,533,625
2,533,625
2,533,625
2,533,625
2,533,625
2,517,275
2,517,275
2,500,550
2,500,550
2,483,375
2,483,375
2,453,750
2,453,750
2,422,500
2,422,500
2,396,475
2,396,475
2,369,275
2,369,275
2,328,150
2,328,150
2,278,650
2,278,650
2,224,900
2,224,900
2,168,400
2,168,400
2,108,900
2,108,900
2,051,413
2,051,413
1,992,350
1,992,350
1,928,600
1,928,600
1,863,800
1,863,800
1,793,300
1,793,300
1,714,050
1,714,050
1,630,175
1,630,175
1,540,300
1,540,300
1,444,050
1,444,050
1,356,500
1,356,500
1,247,125
1,247,125
1,130,125
1,130,125
1,005,125
1,005,125
871,500
871,500
446,375
446,375
Debt Service
Semiannual
Annual
914,920
2,533,625
2,533,625
2,533,625
2,533,625
3,623,625
2,517,275
3,632,275
2,500,550
3,645,550
2,483,375
3,668,375
2,453,750
3,703,750
2,422,500
3,727,500
2,396,475
3,756,475
2,369,275
4,014,275
2,328,150
4,308,150
2,278,650
4,428,650
2,224,900
4,484,900
2,168,400
4,548,400
2,108,900
4,613,900
2,051,413
4,676,413
1,992,350
4,742,350
1,928,600
4,808,600
1,863,800
4,888,800
1,793,300
4,963,300
1,714,050
5,069,050
1,630,175
5,225,175
1,540,300
5,390,300
1,444,050
5,564,050
1,356,500
5,731,500
1,247,125
5,927,125
1,130,125
6,130,125
1,005,125
6,350,125
871,500
17,876,500
446,375
18,301,375
Date
Principal
Interest
Debt Service
LOC
Rmkt.
Ratings/
Trustee
Total
Debt Service
6/30/2010
-
1,475,176
1,475,176
508,279
76,460
-
2,059,915
3,448,545
6/30/2011
-
3,564,184
3,564,184
682,066
102,325
12,000
4,360,575
5,067,250
6/30/2012
-
3,564,184
3,564,184
682,985
102,325
12,000
4,361,495
6,157,250
6/30/2013
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6,149,550
6/30/2014
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6,146,100
6/30/2015
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6,151,750
6/30/2016
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6,157,500
6/30/2017
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6,150,000
6/30/2018
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6,152,950
6/30/2019
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6,383,550
6/30/2020
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6,636,300
6/30/2021
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6,707,300
6/30/2022
525,000
3,564,184
4,089,184
456,515
102,106
12,000
4,659,806
6,709,800
6/30/2023
550,000
3,541,326
4,091,326
453,535
101,440
12,000
4,658,301
6,716,800
6/30/2024
570,000
3,517,379
4,087,379
451,027
100,744
12,000
4,651,150
6,722,800
6/30/2025
600,000
3,492,561
4,092,561
446,560
100,019
12,000
4,651,140
6,727,825
6/30/2026
625,000
3,466,437
4,091,437
443,785
99,258
12,000
4,646,480
6,734,700
6/30/2027
595,000
3,439,225
4,034,225
440,347
98,490
12,000
4,585,061
6,737,200
6/30/2028
1,125,000
3,413,318
4,538,318
436,624
97,525
12,000
5,084,467
6,752,600
6/30/2029
1,175,000
3,364,336
4,539,336
429,065
96,098
12,000
5,076,499
6,756,600
6/30/2030
1,235,000
3,313,176
4,548,176
422,989
94,604
12,000
5,077,769
6,783,100
6/30/2031
8,000,000
3,259,404
11,259,404
403,619
90,242
12,000
11,765,265
6,855,350
6/30/2032
8,355,000
2,911,084
11,266,084
358,672
80,094
12,000
11,716,850
6,930,600
6/30/2033
8,725,000
2,547,308
11,272,308
310,426
69,496
12,000
11,664,229
7,008,100
6/30/2034
9,110,000
2,167,421
11,277,421
261,411
58,429
12,000
11,609,261
7,088,000
6/30/2035
9,515,000
1,770,772
11,285,772
209,752
46,873
12,000
11,554,397
7,174,250
6/30/2036
9,935,000
1,356,489
11,291,489
155,933
34,804
12,000
11,494,226
7,260,250
6/30/2037
10,380,000
923,919
11,303,919
99,294
22,200
12,000
11,437,413
7,355,250
6/30/2038
10,840,000
471,974
11,311,974
40,602
9,033
12,000
11,373,609
18,748,000
6/30/2039
18,747,750
6/30/2040
6/30/2041
6/30/2042
6/30/2043
Columbia, SC ‐ W&S Debt Profile
(post issuance of 2013 Bonds ‐ i.e., status quo)
80,000,000
75,000,000
70,000,000
65,000,000
60,000,000
55,000,000
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Series 2009
Series 2010
Series 2011A
Series 2011B
Series 2012
Series 2013
Columbia, SC
Waterworks and Sewer System
Revenue Bonds Debt Service - Current and New Bond Issuance - 2.0x Debt Service Coverage Ratio
(a)
(b)
(c)
(d)
= Existing Actual Bonds (New Money)
= Existing Actual Bonds (Advance Refunding)
= Existing Actual Bonds (Current Refunding)
= Estimated. Project fund deposits per JMP email 19jan2015 and related OM/Capital Projections Excel workbook.
Blue Font = Hard Input
Advance refunding of Series 2005 Bonds
Current refunding of Series 2001 Bonds
Assumes (i) synthetic fixed rate of 4.354%, (ii) LOC at 2012 renewal cost of 0.55%, (iii) remarketing of 0.125%, and (iv) ongoing annual expenses of $12K
2009 LOC expired on August 31, 2012. As this occurred during FY 2012-2013, debt service figure for this fiscal year will be slightly off due to lower LOC cost negotiated by the City beginning on or about August 31, 2012.
Series 2020 (Project Fund: $84,600,000)
Bond Year
Ending
Fiscal Year
Ending
Principal
Interest
2/1/2010
6/30/2010
10,970,000
7,801,879
Ongoing
VRDB Costs
Debt Service
584,739
19,356,617
2/1/2011
6/30/2011
11,580,000
12,724,467
796,391
25,100,858
2/1/2012
6/30/2012
12,150,000
13,873,882
797,310
26,821,192
2/1/2013
6/30/2013
6,465,000
16,866,509
571,171
23,902,681
2/1/2014
6/30/2014
8,810,000
17,371,451
571,808
26,753,259
2/1/2015
6/30/2015
8,095,000
20,341,384
571,808
29,008,192
2/1/2016
6/30/2016
8,385,000
20,049,434
572,425
29,006,859
2/1/2017
6/30/2017
8,750,000
23,887,234
571,171
33,208,406
2/1/2018
6/30/2018
9,145,000
28,429,609
571,808
38,146,417
2/1/2019
6/30/2019
9,540,000
32,778,759
571,808
42,890,567
2/1/2020
6/30/2020
11,500,000
36,880,859
572,425
48,953,284
2/1/2021
6/30/2021
13,790,000
40,679,084
571,171
55,040,256
2/1/2022
6/30/2022
16,180,000
40,033,134
570,622
56,783,756
2/1/2023
6/30/2023
18,580,000
39,292,776
566,975
58,439,751
2/1/2024
6/30/2024
21,005,000
38,435,179
563,771
60,003,950
2/1/2025
6/30/2025
22,035,000
37,409,861
558,579
60,003,440
2/1/2026
6/30/2026
23,130,000
36,322,262
555,043
60,007,305
2/1/2027
6/30/2027
24,275,000
35,182,925
550,837
60,008,761
2/1/2028
6/30/2028
25,480,000
33,983,018
546,149
60,009,167
2/1/2029
6/30/2029
26,740,000
32,730,686
537,163
60,007,849
2/1/2030
6/30/2030
28,065,000
31,421,076
529,593
60,015,669
2/1/2031
6/30/2031
29,770,000
30,035,804
505,860
60,311,665
2/1/2032
6/30/2032
31,275,000
28,609,434
450,765
60,335,200
2/1/2033
6/30/2033
32,865,000
27,099,658
391,922
60,356,579
2/1/2034
6/30/2034
34,535,000
25,512,771
331,840
60,379,611
2/1/2035
6/30/2035
36,255,000
23,875,772
268,625
60,399,397
2/1/2036
6/30/2036
38,100,000
22,124,489
202,737
60,427,226
2/1/2037
6/30/2037
40,035,000
20,283,669
133,494
60,452,163
2/1/2038
6/30/2038
42,070,000
18,348,974
61,635
60,480,609
2/1/2039
6/30/2039
44,190,000
16,315,500
-
60,505,500
2/1/2040
6/30/2040
46,395,000
14,106,000
-
60,501,000
2/1/2041
6/30/2041
48,725,000
11,786,250
-
60,511,250
2/1/2042
6/30/2042
26,465,000
9,350,000
-
35,815,000
2/1/2043
6/30/2043
27,780,000
8,026,750
-
35,806,750
2/1/2044
6/30/2044
24,345,000
6,637,750
-
30,982,750
2/1/2045
6/30/2045
25,555,000
5,420,500
-
30,975,500
2/1/2046
6/30/2046
26,840,000
4,142,750
-
30,982,750
2/1/2047
6/30/2047
22,445,000
2,800,750
-
25,245,750
2/1/2048
6/30/2048
16,825,000
1,678,500
-
18,503,500
2/1/2049
6/30/2049
11,180,000
837,250
-
12,017,250
2/1/2050
6/30/2050
5,565,000
278,250
-
5,843,250
2/1/2051
6/30/2051
-
-
-
-
2/1/2052
6/30/2052
-
-
-
-
2/1/2053
6/30/2053
-
-
-
-
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,565,000
1,645,000
1,725,000
1,810,000
1,905,000
2,000,000
2,100,000
2,205,000
2,315,000
2,430,000
2,550,000
2,680,000
2,810,000
2,950,000
3,100,000
3,255,000
3,420,000
3,590,000
3,770,000
3,955,000
4,155,000
4,360,000
4,580,000
4,810,000
5,050,000
5,300,000
5,565,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,100,875
2,100,875
2,059,750
2,059,750
2,016,625
2,016,625
1,971,375
1,971,375
1,923,750
1,923,750
1,873,750
1,873,750
1,821,250
1,821,250
1,766,125
1,766,125
1,708,250
1,708,250
1,647,500
1,647,500
1,583,750
1,583,750
1,516,750
1,516,750
1,446,500
1,446,500
1,372,750
1,372,750
1,295,250
1,295,250
1,213,875
1,213,875
1,128,375
1,128,375
1,038,625
1,038,625
944,375
944,375
845,500
845,500
741,625
741,625
632,625
632,625
518,125
518,125
397,875
397,875
271,625
271,625
139,125
139,125
Series 2019 (Project Fund: $89,387,125)
Debt Service
Annual
Semiannual
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
2,140,000
3,705,000
2,100,875
3,745,875
2,059,750
3,784,750
2,016,625
3,826,625
1,971,375
3,876,375
1,923,750
3,923,750
1,873,750
3,973,750
1,821,250
4,026,250
1,766,125
4,081,125
1,708,250
4,138,250
1,647,500
4,197,500
1,583,750
4,263,750
1,516,750
4,326,750
1,446,500
4,396,500
1,372,750
4,472,750
1,295,250
4,550,250
1,213,875
4,633,875
1,128,375
4,718,375
1,038,625
4,808,625
944,375
4,899,375
845,500
5,000,500
741,625
5,101,625
632,625
5,212,625
518,125
5,328,125
397,875
5,447,875
271,625
5,571,625
139,125
5,704,125
4,280,000
4,280,000
4,280,000
5,845,000
5,846,750
5,844,500
5,843,250
5,847,750
5,847,500
5,847,500
5,847,500
5,847,250
5,846,500
5,845,000
5,847,500
5,843,500
5,843,000
5,845,500
5,845,500
5,847,750
5,846,750
5,847,250
5,843,750
5,846,000
5,843,250
5,845,250
5,846,250
5,845,750
5,843,250
5,843,250
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,655,000
1,735,000
1,825,000
1,915,000
2,010,000
2,110,000
2,215,000
2,325,000
2,445,000
2,565,000
2,695,000
2,830,000
2,970,000
3,115,000
3,275,000
3,435,000
3,610,000
3,790,000
3,980,000
4,180,000
4,385,000
4,605,000
4,835,000
5,075,000
5,330,000
5,600,000
5,880,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,218,375
2,218,375
2,175,000
2,175,000
2,129,375
2,129,375
2,081,500
2,081,500
2,031,250
2,031,250
1,978,500
1,978,500
1,923,125
1,923,125
1,865,000
1,865,000
1,803,875
1,803,875
1,739,750
1,739,750
1,672,375
1,672,375
1,601,625
1,601,625
1,527,375
1,527,375
1,449,500
1,449,500
1,367,625
1,367,625
1,281,750
1,281,750
1,191,500
1,191,500
1,096,750
1,096,750
997,250
997,250
892,750
892,750
783,125
783,125
668,000
668,000
547,125
547,125
420,250
420,250
287,000
287,000
147,000
147,000
Series 2018 (Project Fund: $93,969,950)
Debt Service
Semiannual
Annual
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
2,259,750
3,914,750
2,218,375
3,953,375
2,175,000
4,000,000
2,129,375
4,044,375
2,081,500
4,091,500
2,031,250
4,141,250
1,978,500
4,193,500
1,923,125
4,248,125
1,865,000
4,310,000
1,803,875
4,368,875
1,739,750
4,434,750
1,672,375
4,502,375
1,601,625
4,571,625
1,527,375
4,642,375
1,449,500
4,724,500
1,367,625
4,802,625
1,281,750
4,891,750
1,191,500
4,981,500
1,096,750
5,076,750
997,250
5,177,250
892,750
5,277,750
783,125
5,388,125
668,000
5,503,000
547,125
5,622,125
420,250
5,750,250
287,000
5,887,000
147,000
6,027,000
4,519,500
4,519,500
4,519,500
6,174,500
6,171,750
6,175,000
6,173,750
6,173,000
6,172,500
6,172,000
6,171,250
6,175,000
6,172,750
6,174,500
6,174,750
6,173,250
6,169,750
6,174,000
6,170,250
6,173,500
6,173,000
6,173,500
6,174,500
6,170,500
6,171,250
6,171,000
6,169,250
6,170,500
6,174,000
6,174,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,740,000
1,825,000
1,915,000
2,010,000
2,110,000
2,220,000
2,330,000
2,445,000
2,565,000
2,695,000
2,830,000
2,970,000
3,120,000
3,275,000
3,440,000
3,610,000
3,790,000
3,980,000
4,180,000
4,390,000
4,610,000
4,840,000
5,080,000
5,335,000
5,605,000
5,885,000
6,175,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,330,750
2,330,750
2,285,125
2,285,125
2,237,250
2,237,250
2,187,000
2,187,000
2,134,250
2,134,250
2,078,750
2,078,750
2,020,500
2,020,500
1,959,375
1,959,375
1,895,250
1,895,250
1,827,875
1,827,875
1,757,125
1,757,125
1,682,875
1,682,875
1,604,875
1,604,875
1,523,000
1,523,000
1,437,000
1,437,000
1,346,750
1,346,750
1,252,000
1,252,000
1,152,500
1,152,500
1,048,000
1,048,000
938,250
938,250
823,000
823,000
702,000
702,000
575,000
575,000
441,625
441,625
301,500
301,500
154,375
154,375
Debt Service
Semiannual
Annual
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
2,374,250
4,114,250
2,330,750
4,155,750
2,285,125
4,200,125
2,237,250
4,247,250
2,187,000
4,297,000
2,134,250
4,354,250
2,078,750
4,408,750
2,020,500
4,465,500
1,959,375
4,524,375
1,895,250
4,590,250
1,827,875
4,657,875
1,757,125
4,727,125
1,682,875
4,802,875
1,604,875
4,879,875
1,523,000
4,963,000
1,437,000
5,047,000
1,346,750
5,136,750
1,252,000
5,232,000
1,152,500
5,332,500
1,048,000
5,438,000
938,250
5,548,250
823,000
5,663,000
702,000
5,782,000
575,000
5,910,000
441,625
6,046,625
301,500
6,186,500
154,375
6,329,375
4,748,500
4,748,500
4,748,500
6,488,500
6,486,500
6,485,250
6,484,500
6,484,000
6,488,500
6,487,500
6,486,000
6,483,750
6,485,500
6,485,750
6,484,250
6,485,750
6,484,750
6,486,000
6,484,000
6,483,500
6,484,000
6,485,000
6,486,000
6,486,500
6,486,000
6,484,000
6,485,000
6,488,250
6,488,000
6,483,750
Series 2017 (Project Fund: $97,687,875)
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,805,000
1,895,000
1,990,000
2,090,000
2,195,000
2,305,000
2,420,000
2,540,000
2,665,000
2,800,000
2,940,000
3,085,000
3,240,000
3,405,000
3,575,000
3,755,000
3,940,000
4,140,000
4,345,000
4,560,000
4,790,000
5,030,000
5,280,000
5,545,000
5,820,000
6,115,000
6,420,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,422,125
2,422,125
2,374,750
2,374,750
2,325,000
2,325,000
2,272,750
2,272,750
2,217,875
2,217,875
2,160,250
2,160,250
2,099,750
2,099,750
2,036,250
2,036,250
1,969,625
1,969,625
1,899,625
1,899,625
1,826,125
1,826,125
1,749,000
1,749,000
1,668,000
1,668,000
1,582,875
1,582,875
1,493,500
1,493,500
1,399,625
1,399,625
1,301,125
1,301,125
1,197,625
1,197,625
1,089,000
1,089,000
975,000
975,000
855,250
855,250
729,500
729,500
597,500
597,500
458,875
458,875
313,375
313,375
160,500
160,500
Series 2016 (Project Fund: $83,045,676)
Debt Service
Semiannual
Annual
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
2,467,250
4,272,250
2,422,125
4,317,125
2,374,750
4,364,750
2,325,000
4,415,000
2,272,750
4,467,750
2,217,875
4,522,875
2,160,250
4,580,250
2,099,750
4,639,750
2,036,250
4,701,250
1,969,625
4,769,625
1,899,625
4,839,625
1,826,125
4,911,125
1,749,000
4,989,000
1,668,000
5,073,000
1,582,875
5,157,875
1,493,500
5,248,500
1,399,625
5,339,625
1,301,125
5,441,125
1,197,625
5,542,625
1,089,000
5,649,000
975,000
5,765,000
855,250
5,885,250
729,500
6,009,500
597,500
6,142,500
458,875
6,278,875
313,375
6,428,375
160,500
6,580,500
4,934,500
4,934,500
4,934,500
6,739,500
6,739,250
6,739,500
6,740,000
6,740,500
6,740,750
6,740,500
6,739,500
6,737,500
6,739,250
6,739,250
6,737,250
6,738,000
6,741,000
6,740,750
6,742,000
6,739,250
6,742,250
6,740,250
6,738,000
6,740,000
6,740,500
6,739,000
6,740,000
6,737,750
6,741,750
6,741,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,540,000
1,615,000
1,695,000
1,780,000
1,870,000
1,960,000
2,060,000
2,165,000
2,270,000
2,385,000
2,505,000
2,630,000
2,760,000
2,900,000
3,045,000
3,195,000
3,355,000
3,525,000
3,700,000
3,885,000
4,080,000
4,285,000
4,495,000
4,720,000
4,960,000
5,205,000
5,465,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,062,750
2,062,750
2,022,375
2,022,375
1,980,000
1,980,000
1,935,500
1,935,500
1,888,750
1,888,750
1,839,750
1,839,750
1,788,250
1,788,250
1,734,125
1,734,125
1,677,375
1,677,375
1,617,750
1,617,750
1,555,125
1,555,125
1,489,375
1,489,375
1,420,375
1,420,375
1,347,875
1,347,875
1,271,750
1,271,750
1,191,875
1,191,875
1,108,000
1,108,000
1,019,875
1,019,875
927,375
927,375
830,250
830,250
728,250
728,250
621,125
621,125
508,750
508,750
390,750
390,750
266,750
266,750
136,625
136,625
Series 2013
Debt Service
Semiannual
Annual
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
2,101,250
3,641,250
2,062,750
3,677,750
2,022,375
3,717,375
1,980,000
3,760,000
1,935,500
3,805,500
1,888,750
3,848,750
1,839,750
3,899,750
1,788,250
3,953,250
1,734,125
4,004,125
1,677,375
4,062,375
1,617,750
4,122,750
1,555,125
4,185,125
1,489,375
4,249,375
1,420,375
4,320,375
1,347,875
4,392,875
1,271,750
4,466,750
1,191,875
4,546,875
1,108,000
4,633,000
1,019,875
4,719,875
927,375
4,812,375
830,250
4,910,250
728,250
5,013,250
621,125
5,116,125
508,750
5,228,750
390,750
5,350,750
266,750
5,471,750
136,625
5,601,625
4,202,500
4,202,500
4,202,500
5,742,500
5,740,500
5,739,750
5,740,000
5,741,000
5,737,500
5,739,500
5,741,500
5,738,250
5,739,750
5,740,500
5,740,250
5,738,750
5,740,750
5,740,750
5,738,500
5,738,750
5,741,000
5,739,750
5,739,750
5,740,500
5,741,500
5,737,250
5,737,500
5,741,500
5,738,500
5,738,250
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Coupon
2,140,000
1.000%
1,205,000
4.000%
1,255,000
4.000%
1,305,000
4.000%
1,360,000
5.000%
1,425,000
5.000%
1,495,000
5.000%
1,570,000
5.000%
1,650,000
5.000%
1,735,000
5.000%
1,820,000
5.000%
1,910,000
5.000%
2,005,000
5.000%
2,105,000
5.000%
2,210,000
5.000%
2,320,000
5.000%
2,440,000
5.000%
2,560,000
5.000%
2,690,000
5.000%
2,825,000
5.000%
2,965,000
5.000%
3,110,000
5.000%
3,270,000
5.000%
3,430,000
5.000%
3,600,000
5.000%
3,785,000
5.000%
3,970,000
5.000%
4,170,000
5.000%
4,380,000
5.000%
4,600,000
5.000%
Interest
435,017
1,810,300
1,810,300
1,786,200
1,786,200
1,761,100
1,761,100
1,735,000
1,735,000
1,701,000
1,701,000
1,665,375
1,665,375
1,628,000
1,628,000
1,588,750
1,588,750
1,547,500
1,547,500
1,504,125
1,504,125
1,458,625
1,458,625
1,410,875
1,410,875
1,360,750
1,360,750
1,308,125
1,308,125
1,252,875
1,252,875
1,194,875
1,194,875
1,133,875
1,133,875
1,069,875
1,069,875
1,002,625
1,002,625
932,000
932,000
857,875
857,875
780,125
780,125
698,375
698,375
612,625
612,625
522,625
522,625
428,000
428,000
328,750
328,750
224,500
224,500
115,000
115,000
Series 2012 (a)
Debt Service
Semiannual
Annual
2,575,017
1,810,300
3,015,300
1,786,200
3,041,200
1,761,100
3,066,100
1,735,000
3,095,000
1,701,000
3,126,000
1,665,375
3,160,375
1,628,000
3,198,000
1,588,750
3,238,750
1,547,500
3,282,500
1,504,125
3,324,125
1,458,625
3,368,625
1,410,875
3,415,875
1,360,750
3,465,750
1,308,125
3,518,125
1,252,875
3,572,875
1,194,875
3,634,875
1,133,875
3,693,875
1,069,875
3,759,875
1,002,625
3,827,625
932,000
3,897,000
857,875
3,967,875
780,125
4,050,125
698,375
4,128,375
612,625
4,212,625
522,625
4,307,625
428,000
4,398,000
328,750
4,498,750
224,500
4,604,500
115,000
4,715,000
2,575,017
4,825,600
4,827,400
4,827,200
4,830,000
4,827,000
4,825,750
4,826,000
4,827,500
4,830,000
4,828,250
4,827,250
4,826,750
4,826,500
4,826,250
4,825,750
4,829,750
4,827,750
4,829,750
4,830,250
4,829,000
4,825,750
4,830,250
4,826,750
4,825,250
4,830,250
4,826,000
4,827,500
4,829,000
4,830,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Coupon
5,005,000
3.500%
4,930,000
4.500%
4,560,000
4.000%
4,745,000
4.000%
4,935,000
5.000%
5,180,000
5.000%
5,440,000
5.000%
5,765,000
5.000%
5,555,000
5.000%
5,825,000
5.000%
6,115,000
5.000%
Interest
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,267,400
1,267,400
1,156,475
1,156,475
1,065,275
1,065,275
970,375
970,375
847,000
847,000
717,500
717,500
581,500
581,500
437,375
437,375
298,500
298,500
152,875
152,875
Debt Service
Semiannual
Annual
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
6,359,988
1,267,400
6,197,400
1,156,475
5,716,475
1,065,275
5,810,275
970,375
5,905,375
847,000
6,027,000
717,500
6,157,500
581,500
6,346,500
437,375
5,992,375
298,500
6,123,500
152,875
6,267,875
2,431,450
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
7,714,975
7,464,800
6,872,950
6,875,550
6,875,750
6,874,000
6,875,000
6,928,000
6,429,750
6,422,000
6,420,750
Series 2011B (b)
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
3,420,000
Coupon
4.000%
3,555,000
4.000%
3,705,000
4.000%
3,845,000
5.000%
4,040,000
5.000%
4,245,000
5.000%
4,455,000
5.000%
Interest
184,977
628,225
628,225
559,825
559,825
488,725
488,725
414,625
414,625
318,500
318,500
217,500
217,500
111,375
111,375
Series 2011A
Debt Service
Semiannual
Annual
184,977
628,225
4,048,225
559,825
4,114,825
488,725
4,193,725
414,625
4,259,625
318,500
4,358,500
217,500
4,462,500
111,375
4,566,375
184,977
4,676,450
4,674,650
4,682,450
4,674,250
4,677,000
4,680,000
4,677,750
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Bifurcated
Coupon
1,955,000
2.000%
2,000,000
2.000%
2,040,000
3.000%
2,100,000
3.000%
2,155,000
3.500%
2,235,000
3.000%
2,300,000
3.000%
1,815,000
4.000%
1,890,000
4.000%
1,965,000
4.000%
2,040,000
4.000%
2,125,000
4.000%
2,205,000
5.000%
2,320,000
5.000%
2,435,000
5.000%
2,555,000
5.000%
Bifurcated
1,730,000
955,000
5.000%
4.000%
1,810,000
1,000,000
5.000%
4.000%
1,895,000
1,045,000
5.000%
4.000%
3,080,000
5.000%
3,230,000
5.000%
3,390,000
5.000%
3,560,000
5.000%
3,740,000
5.000%
3,925,000
5.000%
4,120,000
5.000%
4,325,000
5.000%
4,540,000
5.000%
23,520,000
5.000%
Series 2010
Interest
669,445
2,273,588
2,273,588
2,254,038
2,254,038
2,234,038
2,234,038
2,203,438
2,203,438
2,171,938
2,171,938
2,134,225
2,134,225
2,100,700
2,100,700
2,066,200
2,066,200
2,029,900
2,029,900
1,992,100
1,992,100
1,952,800
1,952,800
1,912,000
1,912,000
1,869,500
1,869,500
1,814,375
1,814,375
1,756,375
1,756,375
1,695,500
1,695,500
1,631,625
1,631,625
1,569,275
1,569,275
1,504,025
1,504,025
1,435,750
1,435,750
1,358,750
1,358,750
1,278,000
1,278,000
1,193,250
1,193,250
1,104,250
1,104,250
1,010,750
1,010,750
912,625
912,625
809,625
809,625
701,500
701,500
588,000
588,000
-
Debt Service
Semiannual
Annual
669,445
2,273,588
4,228,588
2,254,038
4,254,038
2,234,038
4,274,038
2,203,438
4,303,438
2,171,938
4,326,938
2,134,225
4,369,225
2,100,700
4,400,700
2,066,200
3,881,200
2,029,900
3,919,900
1,992,100
3,957,100
1,952,800
3,992,800
1,912,000
4,037,000
1,869,500
4,074,500
1,814,375
4,134,375
1,756,375
4,191,375
1,695,500
4,250,500
1,631,625
4,316,625
1,569,275
4,379,275
1,504,025
4,444,025
1,435,750
4,515,750
1,358,750
4,588,750
1,278,000
4,668,000
1,193,250
4,753,250
1,104,250
4,844,250
1,010,750
4,935,750
912,625
5,032,625
809,625
5,134,625
701,500
5,241,500
588,000
24,108,000
-
669,445
6,502,175
6,508,075
6,508,075
6,506,875
6,498,875
6,503,450
6,501,400
5,947,400
5,949,800
5,949,200
5,945,600
5,949,000
5,944,000
5,948,750
5,947,750
5,946,000
5,948,250
5,948,550
5,948,050
5,951,500
5,947,500
5,946,000
5,946,500
5,948,500
5,946,500
5,945,250
5,944,250
5,943,000
24,696,000
-
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Bifurcated
Coupon
1,090,000
3.000%
1,115,000
3.000%
1,145,000
3.000%
1,185,000
5.000%
1,250,000
660,000
5.000%
645,000
3.000%
1,360,000
4.000%
1,645,000
5.000%
1,980,000
5.000%
2,150,000
5.000%
2,260,000
5.000%
2,380,000
450,000
5.000%
4.500%
4.500%
1,750,000
2,880,000
2,000,000
5.000%
5.000%
2,055,000
2,625,000
1,000,000
Bifurcated
4.000%
5.000%
4.500%
1,025,000
5.000%
4.000%
3,170,000
5.000%
3,355,000
5.000%
3,595,000
5.000%
3,850,000
5.000%
4,120,000
4.250%
4,375,000
5.000%
4,680,000
5.000%
5,000,000
5.000%
5,345,000
5.000%
17,005,000
5.000%
0.000%
17,855,000
5.000%
0.000%
Interest
914,920
2,533,625
2,533,625
2,533,625
2,533,625
2,533,625
2,517,275
2,517,275
2,500,550
2,500,550
2,483,375
2,483,375
2,453,750
2,453,750
2,422,500
2,422,500
2,396,475
2,396,475
2,369,275
2,369,275
2,328,150
2,328,150
2,278,650
2,278,650
2,224,900
2,224,900
2,168,400
2,168,400
2,108,900
2,108,900
2,051,413
2,051,413
1,992,350
1,992,350
1,928,600
1,928,600
1,863,800
1,863,800
1,793,300
1,793,300
1,714,050
1,714,050
1,630,175
1,630,175
1,540,300
1,540,300
1,444,050
1,444,050
1,356,500
1,356,500
1,247,125
1,247,125
1,130,125
1,130,125
1,005,125
1,005,125
871,500
871,500
446,375
446,375
Debt Service
Semiannual
Annual
914,920
2,533,625
2,533,625
2,533,625
2,533,625
3,623,625
2,517,275
3,632,275
2,500,550
3,645,550
2,483,375
3,668,375
2,453,750
3,703,750
2,422,500
3,727,500
2,396,475
3,756,475
2,369,275
4,014,275
2,328,150
4,308,150
2,278,650
4,428,650
2,224,900
4,484,900
2,168,400
4,548,400
2,108,900
4,613,900
2,051,413
4,676,413
1,992,350
4,742,350
1,928,600
4,808,600
1,863,800
4,888,800
1,793,300
4,963,300
1,714,050
5,069,050
1,630,175
5,225,175
1,540,300
5,390,300
1,444,050
5,564,050
1,356,500
5,731,500
1,247,125
5,927,125
1,130,125
6,130,125
1,005,125
6,350,125
871,500
17,876,500
446,375
18,301,375
3,448,545
5,067,250
6,157,250
6,149,550
6,146,100
6,151,750
6,157,500
6,150,000
6,152,950
6,383,550
6,636,300
6,707,300
6,709,800
6,716,800
6,722,800
6,727,825
6,734,700
6,737,200
6,752,600
6,756,600
6,783,100
6,855,350
6,930,600
7,008,100
7,088,000
7,174,250
7,260,250
7,355,250
18,748,000
18,747,750
Series 2009 (c) (d)
Date
Principal
Interest
Debt Service
LOC
Rmkt.
Ratings/
Trustee
Total
Debt Service
6/30/2010
-
1,475,176
1,475,176
508,279
76,460
-
2,059,915
6/30/2011
-
3,564,184
3,564,184
682,066
102,325
12,000
4,360,575
6/30/2012
-
3,564,184
3,564,184
682,985
102,325
12,000
4,361,495
6/30/2013
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2014
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2015
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2016
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6/30/2017
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2018
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2019
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2020
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6/30/2021
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2022
525,000
3,564,184
4,089,184
456,515
102,106
12,000
4,659,806
6/30/2023
550,000
3,541,326
4,091,326
453,535
101,440
12,000
4,658,301
6/30/2024
570,000
3,517,379
4,087,379
451,027
100,744
12,000
4,651,150
6/30/2025
600,000
3,492,561
4,092,561
446,560
100,019
12,000
4,651,140
6/30/2026
625,000
3,466,437
4,091,437
443,785
99,258
12,000
4,646,480
6/30/2027
595,000
3,439,225
4,034,225
440,347
98,490
12,000
4,585,061
6/30/2028
1,125,000
3,413,318
4,538,318
436,624
97,525
12,000
5,084,467
6/30/2029
1,175,000
3,364,336
4,539,336
429,065
96,098
12,000
5,076,499
6/30/2030
1,235,000
3,313,176
4,548,176
422,989
94,604
12,000
5,077,769
6/30/2031
8,000,000
3,259,404
11,259,404
403,619
90,242
12,000
11,765,265
6/30/2032
8,355,000
2,911,084
11,266,084
358,672
80,094
12,000
11,716,850
6/30/2033
8,725,000
2,547,308
11,272,308
310,426
69,496
12,000
11,664,229
6/30/2034
9,110,000
2,167,421
11,277,421
261,411
58,429
12,000
11,609,261
6/30/2035
9,515,000
1,770,772
11,285,772
209,752
46,873
12,000
11,554,397
6/30/2036
9,935,000
1,356,489
11,291,489
155,933
34,804
12,000
11,494,226
6/30/2037
10,380,000
923,919
11,303,919
99,294
22,200
12,000
11,437,413
6/30/2038
10,840,000
471,974
11,311,974
40,602
9,033
12,000
11,373,609
6/30/2039
6/30/2040
6/30/2041
6/30/2042
6/30/2043
6/30/2044
6/30/2045
6/30/2046
6/30/2047
6/30/2048
6/30/2049
6/30/2050
6/30/2051
6/30/2052
6/30/2053
Columbia, SC ‐ W&S Debt Profile
(post issuance of 2020 Bonds ‐ 2.0x Coverage Ratio)
80,000,000
75,000,000
70,000,000
65,000,000
60,000,000
55,000,000
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Series 2009
Series 2010
Series 2011A
Series 2011B
Series 2012
Series 2013
Series 2016
Series 2017
Series 2018
Series 2019
Series 2020
Columbia, SC
Waterworks and Sewer System
Revenue Bonds Debt Service - Current and New Bond Issuance - 1.75x Debt Service Coverage Ratio
= Existing Actual Bonds (New Money)
= Existing Actual Bonds (Advance Refunding)
= Existing Actual Bonds (Current Refunding)
= Estimated. Project fund deposits per JMP email 19jan2015 and related OM/Capital Projections Excel workbook.
(a)
(b)
(c)
(d)
Advance refunding of Series 2005 Bonds
Current refunding of Series 2001 Bonds
Assumes (i) synthetic fixed rate of 4.354%, (ii) LOC at 2012 renewal cost of 0.55%, (iii) remarketing of 0.125%, and (iv) ongoing annual expenses of $12K
2009 LOC expired on August 31, 2012. As this occurred during FY 2012-2013, debt service figure for this fiscal year will be slightly off due to lower LOC cost negotiated by the City beginning on or about August 31, 2012.
Series 2020 (Project Fund: $95,400,000)
Bond Year
Ending
Fiscal Year
Ending
Principal
Interest
2/1/2010
6/30/2010
10,970,000
7,801,879
Ongoing
VRDB Costs
Debt Service
584,739
19,356,617
2/1/2011
6/30/2011
11,580,000
12,724,467
796,391
25,100,858
2/1/2012
6/30/2012
12,150,000
13,873,882
797,310
26,821,192
2/1/2013
6/30/2013
6,465,000
16,866,509
571,171
23,902,681
2/1/2014
6/30/2014
8,810,000
17,371,451
571,808
26,753,259
2/1/2015
6/30/2015
8,095,000
20,341,384
571,808
29,008,192
2/1/2016
6/30/2016
8,385,000
20,049,434
572,425
29,006,859
2/1/2017
6/30/2017
8,750,000
24,237,234
571,171
33,558,406
2/1/2018
6/30/2018
9,145,000
29,194,609
571,808
38,911,417
2/1/2019
6/30/2019
9,540,000
33,988,759
571,808
44,100,567
2/1/2020
6/30/2020
11,625,000
38,585,859
572,425
50,783,284
2/1/2021
6/30/2021
14,075,000
42,917,834
571,171
57,564,006
2/1/2022
6/30/2022
16,640,000
42,257,634
570,622
59,468,256
2/1/2023
6/30/2023
19,250,000
41,494,276
566,975
61,311,251
2/1/2024
6/30/2024
21,905,000
40,603,179
563,771
63,071,950
2/1/2025
6/30/2025
22,980,000
39,532,861
558,579
63,071,440
2/1/2026
6/30/2026
24,125,000
38,398,012
555,043
63,078,055
2/1/2027
6/30/2027
25,315,000
37,208,925
550,837
63,074,761
2/1/2028
6/30/2028
26,570,000
35,957,018
546,149
63,073,167
2/1/2029
6/30/2029
27,890,000
34,650,186
537,163
63,077,349
2/1/2030
6/30/2030
29,270,000
33,283,076
529,593
63,082,669
2/1/2031
6/30/2031
31,035,000
31,837,554
505,860
63,378,415
2/1/2032
6/30/2032
32,600,000
30,347,934
450,765
63,398,700
2/1/2033
6/30/2033
34,260,000
28,771,908
391,922
63,423,829
2/1/2034
6/30/2034
36,000,000
27,115,271
331,840
63,447,111
2/1/2035
6/30/2035
37,790,000
25,405,022
268,625
63,463,647
2/1/2036
6/30/2036
39,715,000
23,576,989
202,737
63,494,726
2/1/2037
6/30/2037
41,725,000
21,655,419
133,494
63,513,913
2/1/2038
6/30/2038
43,850,000
19,636,224
61,635
63,547,859
2/1/2039
6/30/2039
46,060,000
17,513,750
-
63,573,750
2/1/2040
6/30/2040
48,355,000
15,210,750
-
63,565,750
2/1/2041
6/30/2041
50,780,000
12,793,000
-
63,573,000
2/1/2042
6/30/2042
28,620,000
10,254,000
-
38,874,000
2/1/2043
6/30/2043
30,055,000
8,823,000
-
38,878,000
2/1/2044
6/30/2044
26,730,000
7,320,250
-
34,050,250
2/1/2045
6/30/2045
28,065,000
5,983,750
-
34,048,750
2/1/2046
6/30/2046
29,470,000
4,580,500
-
34,050,500
2/1/2047
6/30/2047
24,725,000
3,107,000
-
27,832,000
2/1/2048
6/30/2048
18,650,000
1,870,750
-
20,520,750
2/1/2049
6/30/2049
12,495,000
938,250
-
13,433,250
2/1/2050
6/30/2050
6,270,000
313,500
-
6,583,500
2/1/2051
6/30/2051
-
-
-
-
2/1/2052
6/30/2052
-
-
-
-
2/1/2053
6/30/2053
-
-
-
-
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,765,000
1,850,000
1,945,000
2,040,000
2,145,000
2,250,000
2,365,000
2,480,000
2,605,000
2,735,000
2,875,000
3,015,000
3,165,000
3,325,000
3,490,000
3,665,000
3,850,000
4,040,000
4,245,000
4,455,000
4,680,000
4,915,000
5,160,000
5,415,000
5,685,000
5,970,000
6,270,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,365,875
2,365,875
2,319,625
2,319,625
2,271,000
2,271,000
2,220,000
2,220,000
2,166,375
2,166,375
2,110,125
2,110,125
2,051,000
2,051,000
1,989,000
1,989,000
1,923,875
1,923,875
1,855,500
1,855,500
1,783,625
1,783,625
1,708,250
1,708,250
1,629,125
1,629,125
1,546,000
1,546,000
1,458,750
1,458,750
1,367,125
1,367,125
1,270,875
1,270,875
1,169,875
1,169,875
1,063,750
1,063,750
952,375
952,375
835,375
835,375
712,500
712,500
583,500
583,500
448,125
448,125
306,000
306,000
156,750
156,750
Series 2019 (Project Fund: $99,287,125)
Debt Service
Annual
Semiannual
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
2,410,000
4,175,000
2,365,875
4,215,875
2,319,625
4,264,625
2,271,000
4,311,000
2,220,000
4,365,000
2,166,375
4,416,375
2,110,125
4,475,125
2,051,000
4,531,000
1,989,000
4,594,000
1,923,875
4,658,875
1,855,500
4,730,500
1,783,625
4,798,625
1,708,250
4,873,250
1,629,125
4,954,125
1,546,000
5,036,000
1,458,750
5,123,750
1,367,125
5,217,125
1,270,875
5,310,875
1,169,875
5,414,875
1,063,750
5,518,750
952,375
5,632,375
835,375
5,750,375
712,500
5,872,500
583,500
5,998,500
448,125
6,133,125
306,000
6,276,000
156,750
6,426,750
4,820,000
4,820,000
4,820,000
6,585,000
6,581,750
6,584,250
6,582,000
6,585,000
6,582,750
6,585,250
6,582,000
6,583,000
6,582,750
6,586,000
6,582,250
6,581,500
6,583,250
6,582,000
6,582,500
6,584,250
6,581,750
6,584,750
6,582,500
6,584,750
6,585,750
6,585,000
6,582,000
6,581,250
6,582,000
6,583,500
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,835,000
1,925,000
2,025,000
2,125,000
2,230,000
2,340,000
2,460,000
2,580,000
2,710,000
2,845,000
2,990,000
3,140,000
3,295,000
3,460,000
3,630,000
3,815,000
4,005,000
4,205,000
4,415,000
4,635,000
4,865,000
5,110,000
5,365,000
5,635,000
5,915,000
6,210,000
6,525,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,461,375
2,461,375
2,413,250
2,413,250
2,362,625
2,362,625
2,309,500
2,309,500
2,253,750
2,253,750
2,195,250
2,195,250
2,133,750
2,133,750
2,069,250
2,069,250
2,001,500
2,001,500
1,930,375
1,930,375
1,855,625
1,855,625
1,777,125
1,777,125
1,694,750
1,694,750
1,608,250
1,608,250
1,517,500
1,517,500
1,422,125
1,422,125
1,322,000
1,322,000
1,216,875
1,216,875
1,106,500
1,106,500
990,625
990,625
869,000
869,000
741,250
741,250
607,125
607,125
466,250
466,250
318,375
318,375
163,125
163,125
Series 2018 (Project Fund: $102,869,950)
Debt Service
Semiannual
Annual
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
2,507,250
4,342,250
2,461,375
4,386,375
2,413,250
4,438,250
2,362,625
4,487,625
2,309,500
4,539,500
2,253,750
4,593,750
2,195,250
4,655,250
2,133,750
4,713,750
2,069,250
4,779,250
2,001,500
4,846,500
1,930,375
4,920,375
1,855,625
4,995,625
1,777,125
5,072,125
1,694,750
5,154,750
1,608,250
5,238,250
1,517,500
5,332,500
1,422,125
5,427,125
1,322,000
5,527,000
1,216,875
5,631,875
1,106,500
5,741,500
990,625
5,855,625
869,000
5,979,000
741,250
6,106,250
607,125
6,242,125
466,250
6,381,250
318,375
6,528,375
163,125
6,688,125
5,014,500
5,014,500
5,014,500
6,849,500
6,847,750
6,851,500
6,850,250
6,849,000
6,847,500
6,850,500
6,847,500
6,848,500
6,848,000
6,850,750
6,851,250
6,849,250
6,849,500
6,846,500
6,850,000
6,849,250
6,849,000
6,848,750
6,848,000
6,846,250
6,848,000
6,847,500
6,849,250
6,847,500
6,846,750
6,851,250
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,900,000
1,995,000
2,095,000
2,200,000
2,310,000
2,425,000
2,545,000
2,675,000
2,805,000
2,950,000
3,095,000
3,250,000
3,410,000
3,585,000
3,760,000
3,950,000
4,145,000
4,355,000
4,570,000
4,800,000
5,040,000
5,295,000
5,560,000
5,835,000
6,130,000
6,435,000
6,755,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,549,250
2,549,250
2,499,375
2,499,375
2,447,000
2,447,000
2,392,000
2,392,000
2,334,250
2,334,250
2,273,625
2,273,625
2,210,000
2,210,000
2,143,125
2,143,125
2,073,000
2,073,000
1,999,250
1,999,250
1,921,875
1,921,875
1,840,625
1,840,625
1,755,375
1,755,375
1,665,750
1,665,750
1,571,750
1,571,750
1,473,000
1,473,000
1,369,375
1,369,375
1,260,500
1,260,500
1,146,250
1,146,250
1,026,250
1,026,250
900,250
900,250
767,875
767,875
628,875
628,875
483,000
483,000
329,750
329,750
168,875
168,875
Debt Service
Semiannual
Annual
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
2,596,750
4,496,750
2,549,250
4,544,250
2,499,375
4,594,375
2,447,000
4,647,000
2,392,000
4,702,000
2,334,250
4,759,250
2,273,625
4,818,625
2,210,000
4,885,000
2,143,125
4,948,125
2,073,000
5,023,000
1,999,250
5,094,250
1,921,875
5,171,875
1,840,625
5,250,625
1,755,375
5,340,375
1,665,750
5,425,750
1,571,750
5,521,750
1,473,000
5,618,000
1,369,375
5,724,375
1,260,500
5,830,500
1,146,250
5,946,250
1,026,250
6,066,250
900,250
6,195,250
767,875
6,327,875
628,875
6,463,875
483,000
6,613,000
329,750
6,764,750
168,875
6,923,875
5,193,500
5,193,500
5,193,500
7,093,500
7,093,500
7,093,750
7,094,000
7,094,000
7,093,500
7,092,250
7,095,000
7,091,250
7,096,000
7,093,500
7,093,750
7,091,250
7,095,750
7,091,500
7,093,500
7,091,000
7,093,750
7,091,000
7,092,500
7,092,500
7,095,500
7,095,750
7,092,750
7,096,000
7,094,500
7,092,750
Series 2017 (Project Fund: $105,987,875)
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,955,000
2,055,000
2,160,000
2,265,000
2,380,000
2,500,000
2,625,000
2,755,000
2,890,000
3,035,000
3,190,000
3,345,000
3,515,000
3,690,000
3,875,000
4,070,000
4,270,000
4,485,000
4,710,000
4,945,000
5,195,000
5,450,000
5,725,000
6,010,000
6,310,000
6,625,000
6,960,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,625,875
2,625,875
2,574,500
2,574,500
2,520,500
2,520,500
2,463,875
2,463,875
2,404,375
2,404,375
2,341,875
2,341,875
2,276,250
2,276,250
2,207,375
2,207,375
2,135,125
2,135,125
2,059,250
2,059,250
1,979,500
1,979,500
1,895,875
1,895,875
1,808,000
1,808,000
1,715,750
1,715,750
1,618,875
1,618,875
1,517,125
1,517,125
1,410,375
1,410,375
1,298,250
1,298,250
1,180,500
1,180,500
1,056,875
1,056,875
927,000
927,000
790,750
790,750
647,625
647,625
497,375
497,375
339,625
339,625
174,000
174,000
Series 2016 (Project Fund: $90,045,676)
Debt Service
Semiannual
Annual
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
2,674,750
4,629,750
2,625,875
4,680,875
2,574,500
4,734,500
2,520,500
4,785,500
2,463,875
4,843,875
2,404,375
4,904,375
2,341,875
4,966,875
2,276,250
5,031,250
2,207,375
5,097,375
2,135,125
5,170,125
2,059,250
5,249,250
1,979,500
5,324,500
1,895,875
5,410,875
1,808,000
5,498,000
1,715,750
5,590,750
1,618,875
5,688,875
1,517,125
5,787,125
1,410,375
5,895,375
1,298,250
6,008,250
1,180,500
6,125,500
1,056,875
6,251,875
927,000
6,377,000
790,750
6,515,750
647,625
6,657,625
497,375
6,807,375
339,625
6,964,625
174,000
7,134,000
5,349,500
5,349,500
5,349,500
7,304,500
7,306,750
7,309,000
7,306,000
7,307,750
7,308,750
7,308,750
7,307,500
7,304,750
7,305,250
7,308,500
7,304,000
7,306,750
7,306,000
7,306,500
7,307,750
7,304,250
7,305,750
7,306,500
7,306,000
7,308,750
7,304,000
7,306,500
7,305,250
7,304,750
7,304,250
7,308,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
1,665,000
1,750,000
1,835,000
1,930,000
2,025,000
2,125,000
2,230,000
2,345,000
2,460,000
2,585,000
2,715,000
2,850,000
2,990,000
3,140,000
3,300,000
3,460,000
3,635,000
3,815,000
4,010,000
4,210,000
4,420,000
4,640,000
4,870,000
5,115,000
5,370,000
5,640,000
5,920,000
Coupon
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
Interest
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,234,625
2,234,625
2,190,875
2,190,875
2,145,000
2,145,000
2,096,750
2,096,750
2,046,125
2,046,125
1,993,000
1,993,000
1,937,250
1,937,250
1,878,625
1,878,625
1,817,125
1,817,125
1,752,500
1,752,500
1,684,625
1,684,625
1,613,375
1,613,375
1,538,625
1,538,625
1,460,125
1,460,125
1,377,625
1,377,625
1,291,125
1,291,125
1,200,250
1,200,250
1,104,875
1,104,875
1,004,625
1,004,625
899,375
899,375
788,875
788,875
672,875
672,875
551,125
551,125
423,250
423,250
289,000
289,000
148,000
148,000
Series 2013
Debt Service
Semiannual
Annual
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
2,276,250
3,941,250
2,234,625
3,984,625
2,190,875
4,025,875
2,145,000
4,075,000
2,096,750
4,121,750
2,046,125
4,171,125
1,993,000
4,223,000
1,937,250
4,282,250
1,878,625
4,338,625
1,817,125
4,402,125
1,752,500
4,467,500
1,684,625
4,534,625
1,613,375
4,603,375
1,538,625
4,678,625
1,460,125
4,760,125
1,377,625
4,837,625
1,291,125
4,926,125
1,200,250
5,015,250
1,104,875
5,114,875
1,004,625
5,214,625
899,375
5,319,375
788,875
5,428,875
672,875
5,542,875
551,125
5,666,125
423,250
5,793,250
289,000
5,929,000
148,000
6,068,000
4,552,500
4,552,500
4,552,500
6,217,500
6,219,250
6,216,750
6,220,000
6,218,500
6,217,250
6,216,000
6,219,500
6,217,250
6,219,250
6,220,000
6,219,250
6,216,750
6,217,250
6,220,250
6,215,250
6,217,250
6,215,500
6,219,750
6,219,250
6,218,750
6,217,750
6,215,750
6,217,250
6,216,500
6,218,000
6,216,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Coupon
2,140,000
1.000%
1,205,000
4.000%
1,255,000
4.000%
1,305,000
4.000%
1,360,000
5.000%
1,425,000
5.000%
1,495,000
5.000%
1,570,000
5.000%
1,650,000
5.000%
1,735,000
5.000%
1,820,000
5.000%
1,910,000
5.000%
2,005,000
5.000%
2,105,000
5.000%
2,210,000
5.000%
2,320,000
5.000%
2,440,000
5.000%
2,560,000
5.000%
2,690,000
5.000%
2,825,000
5.000%
2,965,000
5.000%
3,110,000
5.000%
3,270,000
5.000%
3,430,000
5.000%
3,600,000
5.000%
3,785,000
5.000%
3,970,000
5.000%
4,170,000
5.000%
4,380,000
5.000%
4,600,000
5.000%
Interest
435,017
1,810,300
1,810,300
1,786,200
1,786,200
1,761,100
1,761,100
1,735,000
1,735,000
1,701,000
1,701,000
1,665,375
1,665,375
1,628,000
1,628,000
1,588,750
1,588,750
1,547,500
1,547,500
1,504,125
1,504,125
1,458,625
1,458,625
1,410,875
1,410,875
1,360,750
1,360,750
1,308,125
1,308,125
1,252,875
1,252,875
1,194,875
1,194,875
1,133,875
1,133,875
1,069,875
1,069,875
1,002,625
1,002,625
932,000
932,000
857,875
857,875
780,125
780,125
698,375
698,375
612,625
612,625
522,625
522,625
428,000
428,000
328,750
328,750
224,500
224,500
115,000
115,000
Series 2012 (a)
Debt Service
Semiannual
Annual
2,575,017
1,810,300
3,015,300
1,786,200
3,041,200
1,761,100
3,066,100
1,735,000
3,095,000
1,701,000
3,126,000
1,665,375
3,160,375
1,628,000
3,198,000
1,588,750
3,238,750
1,547,500
3,282,500
1,504,125
3,324,125
1,458,625
3,368,625
1,410,875
3,415,875
1,360,750
3,465,750
1,308,125
3,518,125
1,252,875
3,572,875
1,194,875
3,634,875
1,133,875
3,693,875
1,069,875
3,759,875
1,002,625
3,827,625
932,000
3,897,000
857,875
3,967,875
780,125
4,050,125
698,375
4,128,375
612,625
4,212,625
522,625
4,307,625
428,000
4,398,000
328,750
4,498,750
224,500
4,604,500
115,000
4,715,000
2,575,017
4,825,600
4,827,400
4,827,200
4,830,000
4,827,000
4,825,750
4,826,000
4,827,500
4,830,000
4,828,250
4,827,250
4,826,750
4,826,500
4,826,250
4,825,750
4,829,750
4,827,750
4,829,750
4,830,250
4,829,000
4,825,750
4,830,250
4,826,750
4,825,250
4,830,250
4,826,000
4,827,500
4,829,000
4,830,000
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Coupon
5,005,000
3.500%
4,930,000
4.500%
4,560,000
4.000%
4,745,000
4.000%
4,935,000
5.000%
5,180,000
5.000%
5,440,000
5.000%
5,765,000
5.000%
5,555,000
5.000%
5,825,000
5.000%
6,115,000
5.000%
Interest
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,267,400
1,267,400
1,156,475
1,156,475
1,065,275
1,065,275
970,375
970,375
847,000
847,000
717,500
717,500
581,500
581,500
437,375
437,375
298,500
298,500
152,875
152,875
Debt Service
Semiannual
Annual
1,076,462
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
1,354,988
6,359,988
1,267,400
6,197,400
1,156,475
5,716,475
1,065,275
5,810,275
970,375
5,905,375
847,000
6,027,000
717,500
6,157,500
581,500
6,346,500
437,375
5,992,375
298,500
6,123,500
152,875
6,267,875
2,431,450
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
2,709,975
7,714,975
7,464,800
6,872,950
6,875,550
6,875,750
6,874,000
6,875,000
6,928,000
6,429,750
6,422,000
6,420,750
Series 2011B (b)
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Coupon
3,420,000
4.000%
3,555,000
4.000%
3,705,000
4.000%
3,845,000
5.000%
4,040,000
5.000%
4,245,000
5.000%
4,455,000
5.000%
Interest
184,977
628,225
628,225
559,825
559,825
488,725
488,725
414,625
414,625
318,500
318,500
217,500
217,500
111,375
111,375
Series 2011A
Debt Service
Semiannual
Annual
184,977
628,225
4,048,225
559,825
4,114,825
488,725
4,193,725
414,625
4,259,625
318,500
4,358,500
217,500
4,462,500
111,375
4,566,375
184,977
4,676,450
4,674,650
4,682,450
4,674,250
4,677,000
4,680,000
4,677,750
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Bifurcated
Coupon
1,955,000
2.000%
2,000,000
2.000%
2,040,000
3.000%
2,100,000
3.000%
2,155,000
3.500%
2,235,000
3.000%
2,300,000
3.000%
1,815,000
4.000%
1,890,000
4.000%
1,965,000
4.000%
2,040,000
4.000%
2,125,000
4.000%
2,205,000
5.000%
2,320,000
5.000%
2,435,000
5.000%
2,555,000
5.000%
Bifurcated
1,730,000
955,000
5.000%
4.000%
1,810,000
1,000,000
5.000%
4.000%
1,895,000
1,045,000
5.000%
4.000%
3,080,000
5.000%
3,230,000
5.000%
3,390,000
5.000%
3,560,000
5.000%
3,740,000
5.000%
3,925,000
5.000%
4,120,000
5.000%
4,325,000
5.000%
4,540,000
5.000%
23,520,000
5.000%
Series 2010
Interest
669,445
2,273,588
2,273,588
2,254,038
2,254,038
2,234,038
2,234,038
2,203,438
2,203,438
2,171,938
2,171,938
2,134,225
2,134,225
2,100,700
2,100,700
2,066,200
2,066,200
2,029,900
2,029,900
1,992,100
1,992,100
1,952,800
1,952,800
1,912,000
1,912,000
1,869,500
1,869,500
1,814,375
1,814,375
1,756,375
1,756,375
1,695,500
1,695,500
1,631,625
1,631,625
1,569,275
1,569,275
1,504,025
1,504,025
1,435,750
1,435,750
1,358,750
1,358,750
1,278,000
1,278,000
1,193,250
1,193,250
1,104,250
1,104,250
1,010,750
1,010,750
912,625
912,625
809,625
809,625
701,500
701,500
588,000
588,000
-
Debt Service
Semiannual
Annual
669,445
2,273,588
4,228,588
2,254,038
4,254,038
2,234,038
4,274,038
2,203,438
4,303,438
2,171,938
4,326,938
2,134,225
4,369,225
2,100,700
4,400,700
2,066,200
3,881,200
2,029,900
3,919,900
1,992,100
3,957,100
1,952,800
3,992,800
1,912,000
4,037,000
1,869,500
4,074,500
1,814,375
4,134,375
1,756,375
4,191,375
1,695,500
4,250,500
1,631,625
4,316,625
1,569,275
4,379,275
1,504,025
4,444,025
1,435,750
4,515,750
1,358,750
4,588,750
1,278,000
4,668,000
1,193,250
4,753,250
1,104,250
4,844,250
1,010,750
4,935,750
912,625
5,032,625
809,625
5,134,625
701,500
5,241,500
588,000
24,108,000
-
669,445
6,502,175
6,508,075
6,508,075
6,506,875
6,498,875
6,503,450
6,501,400
5,947,400
5,949,800
5,949,200
5,945,600
5,949,000
5,944,000
5,948,750
5,947,750
5,946,000
5,948,250
5,948,550
5,948,050
5,951,500
5,947,500
5,946,000
5,946,500
5,948,500
5,946,500
5,945,250
5,944,250
5,943,000
24,696,000
-
Date
8/1/2009
2/1/2010
8/1/2010
2/1/2011
8/1/2011
2/1/2012
8/1/2012
2/1/2013
8/1/2013
2/1/2014
8/1/2014
2/1/2015
8/1/2015
2/1/2016
8/1/2016
2/1/2017
8/1/2017
2/1/2018
8/1/2018
2/1/2019
8/1/2019
2/1/2020
8/1/2020
2/1/2021
8/1/2021
2/1/2022
8/1/2022
2/1/2023
8/1/2023
2/1/2024
8/1/2024
2/1/2025
8/1/2025
2/1/2026
8/1/2026
2/1/2027
8/1/2027
2/1/2028
8/1/2028
2/1/2029
8/1/2029
2/1/2030
8/1/2030
2/1/2031
8/1/2031
2/1/2032
8/1/2032
2/1/2033
8/1/2033
2/1/2034
8/1/2034
2/1/2035
8/1/2035
2/1/2036
8/1/2036
2/1/2037
8/1/2037
2/1/2038
8/1/2038
2/1/2039
8/1/2039
2/1/2040
8/1/2040
2/1/2041
8/1/2041
2/1/2042
8/1/2042
2/1/2043
8/1/2043
2/1/2044
8/1/2044
2/1/2045
8/1/2045
2/1/2046
8/1/2046
2/1/2047
8/1/2047
2/1/2048
8/1/2048
2/1/2049
8/1/2049
2/1/2050
8/1/2050
2/1/2051
8/1/2051
2/1/2052
8/1/2052
2/1/2053
Principal
Bifurcated
Coupon
1,090,000
3.000%
1,115,000
3.000%
1,145,000
3.000%
1,185,000
5.000%
1,250,000
5.000%
660,000
645,000
3.000%
1,360,000
4.000%
1,645,000
5.000%
1,980,000
5.000%
2,150,000
5.000%
2,260,000
5.000%
2,380,000
5.000%
450,000
2,055,000
2,625,000
1,000,000
5.000%
4.500%
4.500%
1,750,000
2,880,000
2,000,000
5.000%
Bifurcated
4.000%
5.000%
4.500%
1,025,000
5.000%
4.000%
3,170,000
5.000%
3,355,000
5.000%
3,595,000
5.000%
3,850,000
5.000%
4,120,000
4.250%
4,375,000
5.000%
4,680,000
5.000%
5,000,000
5.000%
5,345,000
5.000%
17,005,000
5.000%
0.000%
17,855,000
5.000%
0.000%
Interest
914,920
2,533,625
2,533,625
2,533,625
2,533,625
2,533,625
2,517,275
2,517,275
2,500,550
2,500,550
2,483,375
2,483,375
2,453,750
2,453,750
2,422,500
2,422,500
2,396,475
2,396,475
2,369,275
2,369,275
2,328,150
2,328,150
2,278,650
2,278,650
2,224,900
2,224,900
2,168,400
2,168,400
2,108,900
2,108,900
2,051,413
2,051,413
1,992,350
1,992,350
1,928,600
1,928,600
1,863,800
1,863,800
1,793,300
1,793,300
1,714,050
1,714,050
1,630,175
1,630,175
1,540,300
1,540,300
1,444,050
1,444,050
1,356,500
1,356,500
1,247,125
1,247,125
1,130,125
1,130,125
1,005,125
1,005,125
871,500
871,500
446,375
446,375
Debt Service
Semiannual
Annual
914,920
2,533,625
2,533,625
2,533,625
2,533,625
3,623,625
2,517,275
3,632,275
2,500,550
3,645,550
2,483,375
3,668,375
2,453,750
3,703,750
2,422,500
3,727,500
2,396,475
3,756,475
2,369,275
4,014,275
2,328,150
4,308,150
2,278,650
4,428,650
2,224,900
4,484,900
2,168,400
4,548,400
2,108,900
4,613,900
2,051,413
4,676,413
1,992,350
4,742,350
1,928,600
4,808,600
1,863,800
4,888,800
1,793,300
4,963,300
1,714,050
5,069,050
1,630,175
5,225,175
1,540,300
5,390,300
1,444,050
5,564,050
1,356,500
5,731,500
1,247,125
5,927,125
1,130,125
6,130,125
1,005,125
6,350,125
871,500
17,876,500
446,375
18,301,375
3,448,545
5,067,250
6,157,250
6,149,550
6,146,100
6,151,750
6,157,500
6,150,000
6,152,950
6,383,550
6,636,300
6,707,300
6,709,800
6,716,800
6,722,800
6,727,825
6,734,700
6,737,200
6,752,600
6,756,600
6,783,100
6,855,350
6,930,600
7,008,100
7,088,000
7,174,250
7,260,250
7,355,250
18,748,000
18,747,750
Series 2009 (c) (d)
Date
Principal
Interest
Debt Service
LOC
Rmkt.
Ratings/
Trustee
Total
Debt Service
6/30/2010
-
1,475,176
1,475,176
508,279
76,460
-
2,059,915
6/30/2011
-
3,564,184
3,564,184
682,066
102,325
12,000
4,360,575
6/30/2012
-
3,564,184
3,564,184
682,985
102,325
12,000
4,361,495
6/30/2013
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2014
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2015
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2016
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6/30/2017
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2018
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2019
-
3,564,184
3,564,184
457,483
102,325
12,000
4,135,992
6/30/2020
-
3,564,184
3,564,184
458,100
102,325
12,000
4,136,609
6/30/2021
-
3,564,184
3,564,184
456,846
102,325
12,000
4,135,356
6/30/2022
525,000
3,564,184
4,089,184
456,515
102,106
12,000
4,659,806
6/30/2023
550,000
3,541,326
4,091,326
453,535
101,440
12,000
4,658,301
6/30/2024
570,000
3,517,379
4,087,379
451,027
100,744
12,000
4,651,150
6/30/2025
600,000
3,492,561
4,092,561
446,560
100,019
12,000
4,651,140
6/30/2026
625,000
3,466,437
4,091,437
443,785
99,258
12,000
4,646,480
6/30/2027
595,000
3,439,225
4,034,225
440,347
98,490
12,000
4,585,061
6/30/2028
1,125,000
3,413,318
4,538,318
436,624
97,525
12,000
5,084,467
6/30/2029
1,175,000
3,364,336
4,539,336
429,065
96,098
12,000
5,076,499
6/30/2030
1,235,000
3,313,176
4,548,176
422,989
94,604
12,000
5,077,769
6/30/2031
8,000,000
3,259,404
11,259,404
403,619
90,242
12,000
11,765,265
6/30/2032
8,355,000
2,911,084
11,266,084
358,672
80,094
12,000
11,716,850
6/30/2033
8,725,000
2,547,308
11,272,308
310,426
69,496
12,000
11,664,229
6/30/2034
9,110,000
2,167,421
11,277,421
261,411
58,429
12,000
11,609,261
6/30/2035
9,515,000
1,770,772
11,285,772
209,752
46,873
12,000
11,554,397
6/30/2036
9,935,000
1,356,489
11,291,489
155,933
34,804
12,000
11,494,226
6/30/2037
10,380,000
923,919
11,303,919
99,294
22,200
12,000
11,437,413
6/30/2038
10,840,000
471,974
11,311,974
40,602
9,033
12,000
11,373,609
6/30/2039
6/30/2040
6/30/2041
6/30/2042
6/30/2043
6/30/2044
6/30/2045
6/30/2046
6/30/2047
6/30/2048
6/30/2049
6/30/2050
6/30/2051
6/30/2052
6/30/2053
Columbia, SC ‐ W&S Debt Profile
(post issuance of 2020 Bonds ‐ 1.75x Coverage Ratio)
80,000,000
75,000,000
70,000,000
65,000,000
60,000,000
55,000,000
50,000,000
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Series 2009
Series 2010
Series 2011A
Series 2011B
Series 2012
Series 2013
Series 2016
Series 2017
Series 2018
Series 2019
Series 2020
TRANSFER HISTORY
Water&SewerOperatingFundTransfersOut
• The Water & Sewer Operating budget includes transfers out to other
funds.
• General Fund – direct transfer in support of general fund activities
• Capital Improvement Program – budgeted cash for funding of the Water & Sewer CIP
• Internal Service Funds – to fund city internal services that are provided to the Water
& Sewer fund (purchasing, central stores, integrated systems)
• Many cities that operate a utility have a transfer to their general fund and
utilize different methods for calculation. Transfers from utility fund to the
general fund is a common and accepted practice.
• In 2013, City Council adopted a resolution that capped the transfer from
Water & Sewer to the General Fund at 5% of the budgeted revenues. This
resolution replaced a previous resolution that was adopted in 1993.
Water&SewerTransfertotheGeneralFundas
PercentofBudget
Transfer:
• FY 99/00-FY 12/13
• FY 13/14
• FY 14/15
8.0%
$140
6.9%
7.0%
$130
6.9%
$120
6.2%
6.6%
6.0%
5.9%
6.4%
6.0%
5.9%
5.9%
5.8%
5.0%
5.9%
$110
5.1%
5.6%
5.0%
5.4%
$100
4.9%
4.6%
4.5%
4.4%
4.5%
4.0%
$90
4.1%
4.7%
4.3%
4.2%
3.7%
4.2%
3.9%
$80
3.4%
3.7%
3.2%
$70
3.4%
3.0%
3.1%
2.0%
$60
$50
FY99/00 FY00/01 FY01/02 FY02/03 FY03/04 FY04/05 FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15
Water&SewerOper.Rev.
GeneralFundRev
%ofWater&SewerOper.Rev.
%ofGeneralFundExp.
Millions
$4,500,000
$4,250,000
$4,000,000
BudgetExpenditureCategories
• Operating Departments Ͳ Departments that provide a direct service to the
water and sewer system.
• Utilities and Engineering; Public Works Ͳ Street Division; Finance; GIS; General Services
• NonͲOperating Departments Ͳ Departments or functions that are directly
expensed from the Water & Sewer system (for the benefit of the system), but are
not related to the operations of the system.
• Economic development; Development Corporations; Office of Business Opportunities
• Non Departmental Ͳ represents expenditures that are not associated with a
specific department or function but are costs specific to the water and sewer
system.
• Debt services, bad debt expense
• Transfers Out Ͳ Transfers from the Water & Sewer system to another fund.
• General fund; capital improvement fund; internal service fund
• Indirect Cost Allocation Ͳ reflects the W & S’s portion of shared expenses with
the General Fund that are not directly charged to W&S. For reporting purposes,
these costs are reflected with transfers out, but are budgeted in the Finance Water
Admin budget
• Executive management, Human Resources, Legal, Planning, Public Relations
FY2014/2015Water&SewerOperating
Budget
EXPENDITURES
OperatingDepartments
FINANCE
FIREHYDRANTMAINTENANCE
POLICEͲ CSO/PUBLICSAFETY
PUBLICWORKSͲSTREETREPAIR
GENERALSERVICESPUBLICBLDGS.
GISMANAGEMENT
UTILITIES&ENGINEERING
TOTALOPERATING
NonͲOperatingDepartments
OFFICEOFBUSINESSOPPORTUNITIES
ECONOMICDEVDEPARTMENT
DEVELOPMENTCORPORATIONS
ECONOMICDEVSPECIALPROJECTS
TOTALNONͲOPERATINGDEPARTMENTS
6,444,337
472,442
659,259
1,526,849
1,907,817
503,294
65,456,252
76,970,250
212,463
1,191,470
1,386,338
103,500
2,893,271
NonͲDepartmental
DEBTSERVICE
TECHNOLOGYREPLACEMENTS
NONͲDEPARTMENTAL
BADDEBT
RESERVE
TOTALNONͲDEPARTMENTALOPERATING
29,008,192
250,000
85,000
750,000
1,000,000
31,093,692
TRANSFERSOUT
TOGENERALFUND
TOWATER/SEWERCAPITALIMP. PROGRAM
TOINTERNALSERVICEFUNDS
TOTALTRANSFERS
4,000,000
11,673,149
954,733
16,627,882
FY14/15TOTALOPERATING BUDGET
127,585,095
FY14Ͳ15Water&SewerOperatingBudget
$127,585,095
Total
Operating
95%
TotalNonͲ
Operating
2%
Transferto
General
Fund
3%