Full Text
Date Principal Interest Total P&I Annual Debt Reduction from FY2021 FY 2021 4,805,933 2,032,422 6,838,355 1 FY 2022 4,632,000 2,224,387 6,856,387 18,031.66 2 FY 2023 4,530,000 1,882,243 6,412,243 (426,112.34) 3 FY 2024 4,050,000 1,682,118 5,732,118 (1,106,237.34) 4 FY 2025 3,905,000 1,513,084 5,418,084 (1,420,271.71) 5 FY 2026 3,410,000 1,365,712 4,775,712 (2,062,643.58) 6 FY 2027 3,250,000 1,233,330 4,483,330 (2,355,024.83) 7 FY 2028 3,317,000 1,103,700 4,420,700 (2,417,655.47) 8 FY 2029 2,830,000 978,038 3,808,038 (3,030,317.36) 9 FY 2030 2,785,000 865,088 3,650,088 (3,188,267.36) 10 FY 2031 2,770,000 758,004 3,528,004 (3,310,351.75) 11 FY 2032 2,755,000 656,394 3,411,394 (3,426,961.18) 12 FY 2033 2,845,000 554,732 3,399,732 (3,438,623.68) 13 FY 2034 2,585,000 452,066 3,037,066 (3,801,289.30) 14 FY 2035 1,875,000 377,103 2,252,103 (4,586,251.81) 15 FY 2036 1,295,000 328,872 1,623,872 (5,214,483.09) 16 FY 2037 1,185,000 290,581 1,475,581 (5,362,773.98) 17 FY 2038 1,120,000 254,100 1,374,100 (5,464,255.22) 18 FY 2039 1,150,000 217,625 1,367,625 (5,470,730.47) 19 FY 2040 1,060,000 181,647 1,241,647 (5,596,708.58) 20 FY 2041 1,025,000 147,382 1,172,382 (5,665,973.71) 21 FY 2042 1,045,000 112,981 1,157,981 (5,680,374.09) 22 FY 2043 855,000 81,450 936,450 (5,901,905.11) 23 FY 2044 355,000 62,441 417,441 (6,420,914.26) 24 FY 2045 370,000 52,300 422,300 (6,416,055.26) 25 FY 2046 380,000 41,800 421,800 (6,416,555.26) 26 FY 2047 380,000 31,063 411,063 (6,427,292.26) 27 FY 2048 390,000 20,088 410,088 (6,428,267.26) 28 FY 2049 400,000 8,825 408,825 (6,429,530.26) 29 FY 2050 125,000 1,563 126,563 (6,711,792.26) 30 FY 2051 (6,838,355.26) 31 FY 2052 (6,838,355.26) 32 FY 2053 (6,838,355.26) 33 FY 2054 (6,838,355.26) 34 FY 2055 (6,838,355.26) 35 FY 2056 (6,838,355.26) Total 61,479,933 19,511,138 80,991,071 General Fund Current Bond Schedule City of Salem ---PAGE BREAK--- Date Principal Interest Total P&I Projected Ban Interest FY 2021 1 FY 2022 - - - 128,000.00 2 FY 2023 - - - 204,000.00 3 FY 2024 140,000 224,000 364,000 95,000.00 4 FY 2025 250,000 352,100 602,100 29,000.00 5 FY 2026 295,000 372,225 667,225 45,000.00 6 FY 2027 325,000 386,900 711,900 89,000.00 7 FY 2028 390,000 440,400 830,400 56,500.00 8 FY 2029 465,000 539,375 1,004,375 9 FY 2030 475,000 522,375 997,375 10 FY 2031 480,000 505,000 985,000 11 FY 2032 505,000 487,450 992,450 12 FY 2033 520,000 468,975 988,975 13 FY 2034 545,000 449,975 994,975 14 FY 2035 560,000 430,025 990,025 15 FY 2036 575,000 409,500 984,500 16 FY 2037 600,000 388,450 988,450 17 FY 2038 585,000 366,475 951,475 18 FY 2039 565,000 345,000 910,000 19 FY 2040 575,000 324,225 899,225 20 FY 2041 560,000 303,125 863,125 21 FY 2042 555,000 282,700 837,700 22 FY 2043 575,000 262,550 837,550 23 FY 2044 595,000 241,675 836,675 24 FY 2045 610,000 220,050 830,050 25 FY 2046 620,000 197,900 817,900 26 FY 2047 655,000 175,400 830,400 27 FY 2048 680,000 151,600 831,600 28 FY 2049 700,000 126,900 826,900 29 FY 2050 730,000 101,475 831,475 30 FY 2051 745,000 74,950 819,950 31 FY 2052 415,000 47,875 462,875 32 FY 2053 235,000 32,300 267,300 33 FY 2054 215,000 23,000 238,000 34 FY 2055 215,000 14,400 229,400 35 FY 2056 145,000 5,800 150,800 Total 16,100,000 9,274,150 25,374,150 646,500 City of Salem Projected Signature Park Debt Schedule ---PAGE BREAK--- FY Principal Short * Long Interest Total P&I FY 2021 4,805,933 2,032,422 6,838,355 1 FY 2022 4,632,000 2,352,387 6,984,387 2 FY 2023 4,530,000 2,086,243 6,616,243 3 FY 2024 4,190,000 2,001,118 6,191,118 4 FY 2025 4,155,000 1,894,184 6,049,184 5 FY 2026 3,705,000 1,782,937 5,487,937 6 FY 2027 3,575,000 1,709,230 5,284,230 7 FY 2028 3,707,000 1,600,600 5,307,600 8 FY 2029 3,295,000 1,517,413 4,812,413 9 FY 2030 3,260,000 1,387,463 4,647,463 10 FY 2031 3,250,000 1,263,004 4,513,004 11 FY 2032 3,260,000 1,143,844 4,403,844 12 FY 2033 3,365,000 1,023,707 4,388,707 13 FY 2034 3,130,000 902,041 4,032,041 14 FY 2035 2,435,000 807,128 3,242,128 15 FY 2036 1,870,000 738,372 2,608,372 16 FY 2037 1,785,000 679,031 2,464,031 17 FY 2038 1,705,000 620,575 2,325,575 18 FY 2039 1,715,000 562,625 2,277,625 19 FY 2040 1,635,000 505,872 2,140,872 20 FY 2041 1,585,000 450,507 2,035,507 21 FY 2042 1,600,000 395,681 1,995,681 22 FY 2043 1,430,000 344,000 1,774,000 23 FY 2044 950,000 304,116 1,254,116 24 FY 2045 980,000 272,350 1,252,350 25 FY 2046 1,000,000 239,700 1,239,700 26 FY 2047 1,035,000 206,463 1,241,463 27 FY 2048 1,070,000 171,688 1,241,688 28 FY 2049 1,100,000 135,725 1,235,725 29 FY 2050 855,000 103,038 958,038 30 FY 2051 745,000 74,950 819,950 31 FY 2052 415,000 47,875 462,875 32 FY 2053 235,000 32,300 267,300 33 FY 2054 215,000 23,000 238,000 34 FY 2055 215,000 14,400 229,400 35 FY 2056 145,000 5,800 150,800 Total 77,579,933 29,431,788 107,011,721 City of Salem Projected General Fund Bond Schedule with Signature Parks