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$1,750,000
<br />City of Elk River, Minnesota
<br />General Obligation Water Utility Revenue Bonds, Series 2021C
<br />Issue Summary
<br />Debt Service Schedule
<br />DatePrincipalCouponInterestTotal P+IFiscal Total
<br />06/10/2021-----
<br />02/01/2022--17,130.9017,130.90-
<br />08/01/202275,000.000.350%13,348.7588,348.75105,479.65
<br />02/01/2023--13,217.5013,217.50-
<br />08/01/202380,000.000.400%13,217.5093,217.50106,435.00
<br />02/01/2024--13,057.5013,057.50-
<br />08/01/202480,000.000.500%13,057.5093,057.50106,115.00
<br />02/01/2025--12,857.5012,857.50-
<br />08/01/202580,000.000.650%12,857.5092,857.50105,715.00
<br />02/01/2026--12,597.5012,597.50-
<br />08/01/202680,000.000.750%12,597.5092,597.50105,195.00
<br />02/01/2027--12,297.5012,297.50-
<br />08/01/202780,000.000.900%12,297.5092,297.50104,595.00
<br />02/01/2028--11,937.5011,937.50-
<br />08/01/202880,000.001.050%11,937.5091,937.50103,875.00
<br />02/01/2029--11,517.5011,517.50-
<br />08/01/202985,000.001.200%11,517.5096,517.50108,035.00
<br />02/01/2030--11,007.5011,007.50-
<br />08/01/203085,000.001.350%11,007.5096,007.50107,015.00
<br />02/01/2031--10,433.7510,433.75-
<br />08/01/203185,000.001.450%10,433.7595,433.75105,867.50
<br />02/01/2032--9,817.509,817.50-
<br />08/01/203285,000.001.650%9,817.5094,817.50104,635.00
<br />02/01/2033--9,116.259,116.25-
<br />08/01/203385,000.001.750%9,116.2594,116.25103,232.50
<br />02/01/2034--8,372.508,372.50-
<br />08/01/203490,000.001.950%8,372.5098,372.50106,745.00
<br />02/01/2035--7,495.007,495.00-
<br />08/01/203590,000.002.050%7,495.0097,495.00104,990.00
<br />02/01/2036--6,572.506,572.50-
<br />08/01/203695,000.002.100%6,572.50101,572.50108,145.00
<br />02/01/2037--5,575.005,575.00-
<br />08/01/203795,000.002.150%5,575.00100,575.00106,150.00
<br />02/01/2038--4,553.754,553.75-
<br />08/01/203895,000.002.200%4,553.7599,553.75104,107.50
<br />02/01/2039--3,508.753,508.75-
<br />08/01/2039100,000.002.250%3,508.75103,508.75107,017.50
<br />02/01/2040--2,383.752,383.75-
<br />08/01/2040100,000.002.300%2,383.75102,383.75104,767.50
<br />02/01/2041--1,233.751,233.75-
<br />08/01/2041105,000.002.350%1,233.75106,233.75107,467.50
<br />Total$1,750,000.00-$365,584.65$2,115,584.65-
<br />Yield Statistics
<br />Bond Year Dollars.................................................................................................................................................$19,522.92
<br />Average Life..........................................................................................................................................................11.156 Years
<br />Average Coupon....................................................................................................................................................1.8725924%
<br />Net Interest Cost (NIC)...........................................................................................................................................1.9801583%
<br />True Interest Cost (TIC)..........................................................................................................................................1.9731614%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.8509038%
<br />All Inclusive Cost (AIC)...........................................................................................................................................2.2036491%
<br />IRS Form 8038
<br />Net Interest Cost...................................................................................................................................................1.8725924%
<br />Weighted Average Maturity.....................................................................................................................................11.156 Years
<br />2021C GO Water Rev Bonds | SINGLE PURPOSE | 4/ 5/2021 | 8:42 AM
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