Debt-to-Income Ratio of 14.47%, and a total borrowed debt service amount paid in FY 2025 amounting to $3,488,835, the calculation is as follows:

((48,698,650 x 14.47%) - 3,488,835) = $3,558,875 which is then divided by ten years to arrive at $355,887 per year. This borrowing capacity can provide the City with the means to secure funding for future capital projects during the FY 2027/31 timeframe.

Table 10

Annual Debt Service on Existing Loans (Principal Only)

FY 2027/31

Debt Description Interest Rate Loan Number Fiscal Year Ending September 30

SRF Loan - 2016 1.290% 350300 15,903 16,300 16,707 17,124 17,551 83,584

SRF Loan - 2016 1.390% 350302 271,615 278,778 286,129 293,675 301,420 1,431,617

Bond Series 2016 3.210% 242870 380,000 395,000 410,000 430,000 445,000 2,060,000

CRA Loan - 2026 2.875% 134,203 138,113 142,136 146,277 150,538 711,268

Total 801,721 828,191 854,972 887,076 914,509 4,286,469

Table 11

2027 2028 2029 2030 2031 Total

Debt Service to Maturity - as of September 30, 2025

Governmental Activities
CRA Loan - 2026
Fiscal YearPrincipalInterest
2026119,68062,239
2027134,20364,254
2028138,11360,344
2029142,13656,320
2030146,27752,180
2031-2035812,134196,688
2036-2040923,23469,050
Total2,415,777561,075

Business-Type Activities State Revolving Loans

Fiscal
YearPrincipalInterest
2026280,15253,633
2027287,51846,267
2028295,07838,708
2029302,83630,949
2030310,79922,986
2031-2032646,32821,242
Total$2,122,710$213,786
Fiscal
YearPrincipalInterest
2026365,000186,006
2027380,000171,406
2028395,000156,206
2029410,000140,406
2030430,000124,006
2031-20362,945,000370,438
Total$4,925,000$1,148,469

Revenue Bonds - 2016

Total Debt
PrincipalInterest
Total$9,463,487$1,923,329

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