|
City of Elk River, Minnesota
<br /> Electric Revenue Bonds
<br /> Proof of Reserve Fund Requirement-Series 2016A 2016B and 2014A Bonds
<br /> Date Principal Interest Series 2014A TOTAL P+I
<br /> and Series
<br /> 02/01/2017 - 133,479.81 670,334.56 803,814.37
<br /> 02/01/2018 - 243,922.50 673,385.00 917,307.50
<br /> 02/01/2019 465,000.00 243,922.50 474,988.75 1,183,911.25
<br /> 02/01/2020 470,000.00 237,645.00 256,162.50 963,807.50
<br /> 02/01/2021 480,000.00 230,595.00 257,732.50 968,327.50
<br /> 02/01/2022 485,000.00 222,675.00 112,732.50 820,407.50
<br /> 02/01/2023 495,000.00 213,945.00 - 708,945.00
<br /> 02/01/2024 505,000.00 204,540.00 - 709,540.00
<br /> 02/01/2025 515,000.00 194,187.50 - 709,187.50
<br /> 02/01/2026 525,000.00 183,372.50 - 708,372.50
<br /> 02/01/2027 535,000.00 171,560.00 - 706,560.00
<br /> 02/01/2028 550,000.00 158,720.00 - 708,720.00
<br /> 02/01/2029 565,000.00 144,970.00 - 709,970.00
<br /> 02/01/2030 580,000.00 130,280.00 - 710,280.00
<br /> 02/01/2031 595,000.00 114,910.00 - 709,910.00
<br /> 02/01/2032 610,000.00 98,547.50 - 708,547.50
<br /> 02/01/2033 630,000.00 81,467.50 - 711,467.50
<br /> 02/01/2034 645,000.00 62,882.50 - 707,882.50
<br /> 02/01/2035 665,000.00 43,210.00 - 708,210.00
<br /> 02/01/2036 685,000.00 22,262.50 - 707,262.50
<br /> Total $10,000,000.00 $3,137,094.81 $2,445,335.81 $15,582,430.62
<br /> PROOF OF RESERVE FUND
<br /> MAXIMUM PERIODIC DI33T SERVICE
<br /> Omit First Period? Yes
<br /> 100%of the Maximum Periodic Debt Service 1,183,911.25
<br /> AVERAGE PERIODIC DEBT SERVICE
<br /> Total PFI 15,582,430.62
<br /> Bond Years(Delivery Date) 19.55
<br /> 125%of the Average Periodic Debt Service 996,460.68
<br /> PERCENT OF PAR
<br /> Total Par(Existing+New) 12,695,000.00
<br /> 10%of Par 1,269,500.00
<br /> RESERVE REQUREM ENT
<br /> Corrputed Requirement 647,460.68
<br /> Proof's Requirement 996,460.68
<br /> Portion of reserve requirement funded externally 349,000.00
<br /> Lowest Requirement less external funding 647,460.68
<br /> Series 2016 Electric Rev I SINGLE PURPOSE 1 5/2/2016 1 4:09 PM
<br /> Spf ingsted Page 13
<br /> 178
<br />
|