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City of Elk River, Minnesota <br />$1,525,000 General Obligation Improvement Refunding Bonds, Series 2012B <br />Crossover Refunding of <br />G.O. Improvement Bonds, Series 2007C <br />Debt Service Schedule <br />Date Principal Coupon Interest Total P+I Fiscal Total <br />03!15/2012 - - - - <br />08/01/2012 - - 11,522.22 ] 1,522.22 - <br />02/Ol/2013 - - 15,250.00 15,250.00 26,772.22 <br />08/01/2013 - - 15,250.00 15,250.00 - <br />02/Ol/2014 315,000.00 2.000% 15,250.00 330,250.00 345,500.00 <br />08/01 /2014 - - 12,100.00 12,100.00 - <br />02/Ol/2015 310,000.00 2.000% 12,100.00 322,100.00 334,200.00 <br />08/01/2015 - - 9,000.00 9,000.00 - <br />02/Ol/2016 305,000.00 2.000% 9,000.00 314,000.00 323,000.00 <br />08/01/2016 - - 5,950.00 5,950.00 - <br />02/Ol/2017 300,000.00 2.000% 5,950.00 305,950.00 311,900.00 <br />08/01!2017 - - 2,950.00 2,950.00 - <br />02/Ol/2018 295,000.00 2.000% 2,950.00 297,950.00 300,900.00 <br />Total $1,525,000.00 - $117,272.22 $1,642,272.22 - <br />Yield Statistics <br />Bond Year Dollars $5,863.61 <br />Average Life 3.845 Yeazs <br />Average Coupon 2.0000000% <br />Net Interest Cost (NIC) 0.8104429% <br />True Interest Cost (TIC) 0.7876542% <br />Bond Yield for Arbitrage Purposes 0.6784604% <br />All Inclusive Cost (AIC) <br />1.2380696% <br />IRS Form 8038 <br />Net Interest Cost 0.6637704% <br />Weighted Average Maturity 3.861 Yeazs <br />Series 20128 GO Imp Ref B ~ 09 xover Ser 07 S3 09 GO ~ 2!21/2012 ~ 12:11 PM <br />FREERS <br />- --- --- <br />LEADERS IN PU9LIC FINANCE <br />