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Preliminary <br /> $2,125,000 <br /> City of Elk River, Minnesota <br /> Electric Revenue Refunding Bonds, Series 2014 <br /> Current Refunding of Series 2006A <br /> NET DEBT SERVICE SCHEDULE <br /> Date Principal Coupon Interest Total P+I DSR Net New D/S <br /> 08/01/2014 430,000.00 0.500% 8,073.96 438,073.96 (203.62) 437,870.34 <br /> 08/01/2015 420,000.00 0.700% 18,912.50 438,912.50 (531.26) 438,381.24 <br /> 08/01/2016 420,000.00 0.900% 15,972.50 435,972.50 (531.26) 435,441.24 <br /> 08/01/2017 425,000.00 1.250% 12,192.50 437,192.50 (531.26) 436,661.24 <br /> 08/01/2018 430,000.00 1.600% 6,880.00 436,880.00 (213,031.26) 223,848.74 <br /> Total $2,125,000.00 - $62,031.46 $2,187,031.46 (214,828.66) $1,972,202.80 <br /> SIGNIFICANT DATES <br /> DatedDate.......................................................................................................................................................... 3/13/2014 <br /> DeliveryDate...................................................................................................................................................... 3/13/2014 <br /> FirstCoupon Date............................................................................................................................................... 8/01/2014 <br /> Yield Statistics <br /> BondYear Dollars.............................................................................................................................................. $5,069.58 <br /> AverageLife....................................................................................................................................................... 2.386 Years <br /> AverageCoupon................................................................................................................................................ 1.2236008% <br /> Net Interest Cost(NIC)........................................................................................................................................ 1.5798924% <br /> True Interest Cost(TIC)...................................................................................................................................... 1.5875482% <br /> Bond Yield for Arbitrage Purposes.................................................................................................................... 1.2213241% <br /> All Inclusive Cost(AIC)....................................................................................................................................... 2.6065083% <br /> IRS Form 8038 <br /> NetInterest Cost................................................................................................................................................. 1.2236008% <br /> WeightedAverage Maturity................................................................................................................................ 2.386 Years <br /> Series 2014Ref20064 Rev 1 SEVGLEPURPOSE i,11212014 13:06PM <br /> 5pringsted Page <br />