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City of Elk River, Minnesota
<br /> $9,685,000 G.O. Refunding Bonds, Series 2013A
<br /> Crossover Refunding of
<br /> $10,000,000 G.O. Bonds, Series 2007
<br /> Debt Service Schedule
<br /> Date Principal Coupon Interest Total P+I Fiscal Total
<br /> 02/12/2013 - - - - -
<br /> 08/01/2013 - - 105,924.27 105,924.27 -
<br /> 02/01/2014 - - 112,818.75 112,818.75 218,743.02
<br /> 08/01/2014 - - 112,818.75 112,818.75 -
<br /> 02/01/2015 - - 112,818.75 112,818.75 225,637.50
<br /> 08/01/2015 - - 112,818.75 112,818.75 -
<br /> 02/01/2016 - - 112,818.75 112,818.75 225,637.50
<br /> 08/01/2016 - - 112,818.75 112,818.75 -
<br /> 02/01/2017 - - 112,818.75 112,818.75 225,637.50
<br /> 08/01/2017 - - 112,818.75 112,818.75
<br /> 02/01/2018 505,000.00 2.000% 112,818.75 617,818.75 730,637.50
<br /> 08/01/2018 - - 107,768.75 107,768.75 -
<br /> 02/01/2019 515,000.00 2.000% 107,768.75 622,768.75 730,537.50
<br /> 08/01/2019 - - 102,618.75 102,618.75 -
<br /> 02/01/2020 525,000.00 2.000% 102,618.75 627,618.75 730,237.50
<br /> 08/01/2020 - - 97,368.75 97,368.75 -
<br /> 02/01/2021 540,000.00 2.000% 97,368.75 637,368.75 734,737.50
<br /> 08/01/2021 - - 91,968.75 91,968.75 -
<br /> 02/01/2022 550,000.00 2.000% 91,968.75 641,968.75 733,937.50
<br /> 08/01/2022 - - 86,468.75 86,468.75
<br /> 02/01/2023 565,000.00 2.000% 86,468.75 651,468.75 737,937.50
<br /> 08/01/2023 - - 80,818.75 80,818.75 -
<br /> 02/01/2024 575,000.00 2.000% 80,818.75 655,818.75 736,637.50
<br /> 08/01/2024 - - 75,068.75 75,068.75 -
<br /> 02/01/2025 590,000.00 2.000% 75,068.75 665,068.75 740,137.50
<br /> 08/01/2025 - - 69,168.75 69,168.75 -
<br /> 02/01/2026 605,000.00 2.000% 69,168.75 674,168.75 743,337.50
<br /> 08/01/2026 - - 63,118.75 63,118.75 -
<br /> 02/01/2027 615,000.00 2.250% 63,118.75 678,118.75 741,237.50
<br /> 08/01/2027 - - 56,200.00 56,200.00
<br /> 02/01/2028 630,000.00 2.375% 56,200.00 686,200.00 742,400.00
<br /> 08/01/2028 - - 48,718.75 48,718.75 -
<br /> 02/01/2029 650,000.00 2.500% 48,718.75 698,718.75 747,437.50
<br /> 08/01/2029 - - 40,593.75 40,593.75 -
<br /> 02/01/2030 675,000.00 2.750% 40,593.75 715,593.75 756,187.50
<br /> 08/01/2030 - - 31,312.50 31,312.50 -
<br /> 02/01/2031 690,000.00 2.750% 31,312.50 721,312.50 752,625.00
<br /> 08/01/2031 - - 21,825.00 21,825.00 -
<br /> 02/01/2032 715,000.00 3.000% 21,825.00 736,825.00 758,650.00
<br /> 08/01/2032 - - 11,100.00 11,100.00 -
<br /> 02/01/2033 740,000.00 3.000% 11,100.00 751,100.00 762,200.00
<br /> Total $9,685,000.00 - $3,089,530.52 $12,774,530.52 -
<br /> Yield Statistics
<br /> Bond Year Dollars $125,924.07
<br /> Average Life 13.002 Years
<br /> Average Coupon 2.4534869%
<br /> Net Interest Cost(NIC) 2.2485575%
<br /> True Interest Cost(TIC) 2.1969425%
<br /> Bond Yield for Arbitra_e Pu poses 1.9428772%
<br /> All Inclusive Cost(AIC) 2.2610753%
<br /> IRS Form 8038
<br /> Net Interest Cost 2.1113177%
<br /> Weighted Average Maturity 12.980 Years
<br /> Series 2013 Xovr Ref Ser I SINGLE PURPOSE 1 1/15/2013( 12:50 PM
<br /> EHLERS
<br /> LEADERS IN PUBLIC FINANCE Page 3
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