| Continuing and local news headlines today the city currently has four outstanding Bonds in varying amounts as of August 2020. The current repayment of these bonds amounts to a total of 1960000000 dollars if these Bonds were to run their full term of Debt Service, the total repayment amount including accumulated interest will be two million four hundred $5,538.54 current debt Services of August 2020 as follows 2013 Bond $275,000 per month $22,000 $58.75 interest payoff scheduled for December 2024 or 2014. $265,000 or $19,868.75 interest payoff scheduled for December 2025. 2015 Bond $545,000. $94,992.50 interest payoff scheduled for May 2030 and a 2018 Bond $875,000 principal $343,618.54 interest payoff scheduled for September 2033. The city does have bonded debt as most cities. Do I talk to finance large infrastructure improvements and necessary expenditures during the past three fiscal years the city council Board of Public Works and administrative staff have worked together to make sure the city is financial stability a priority with a strong emphasis placed on budgeting appropriately and conservatively Financial Maneuvers have been made to ensure more money as in cash reserves. So that should expenses arise there will be no need for additional bonding funds were moved from low interest accounts into high-yield CDs for improved interest earnings to assist in the financial growth of the month. Reserves additional cash Reserve accounts were open to begin placing specifically budgeted funds aside for future projects and purchases for both utility in general sites this along to be earned while saving up for future purchases that will be made utilizing cash on hand in October 2018. The balance of funds directed into high-yield CDs was $600,117.38 in October 2019. The balance of funds directed into high-yield CDs was 4153520 $1.17. As of August 2020. The balance of funds directed into high-yield CDs is 4352000 $187.80. These totals do not reflect additional funds set aside and CDs for future landfill expansion, which is of August 2020. |
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