Current Long-Term Indebetness

  •  

    Balance (6/30/2019)

    Additions

    Retired

    Balance (6/20/2020)

    Due Within One Year

    Bonds:

     

     

     

     

     

    Bank of North Dakota

     $11,091,154

     --

     $696,653

     $10,394,501

     $710,238

    Taxable Limited Tax Bonds

     $15,515,000

     --

     $1,290,000

     $14,225,000

     $175,000

    General Obligation Special Assessment Prepayment Bonds

     --

     $1,260,000

     --

     $1,260,000

     --

    Taxable Limited Tax Refunding Bonds

    --

     $2,700,000

     --

    $2,700,000

     --

    Total Bonds 

    $26,606,154

    $3,960,000

     $1,986,653

    $28,579,501

     $885,238


    Bank of North Dakota

    Date of Issue

    Net Interest Rate

    Maturity Dates

    Original Amount

    Current Year Retired

    Balance (6/30/2020)

    Principal (due in 2020-2021)

    Interest (due in 2020-2021)

    2013B

    1.95%

    2017-33

    $15,000,000

    $696,653

    $10,394,501

    $710,238

    $202,693

     Annual debt service requirements to maturity are as follows:

    Years Ending June 30,

    Principal

    Interest

    Total

    2021

    $710,238

    $202,693

    $912,931

    2022

    $724,087

    $188,843

    $912,930

    2023

    $738,207

    $174,723

    $912,930

    2024

    $752,602

    $160,328

    $912,930

    2025

    $767,278

    $145,653

    $912,931

    2026-2030

    $4,066,738

    $497,914

    $4,564,652

    2031-2033

    $2,635,351

    $103,440

    $2,738,791

    Total

    $10,394,501

    $1,473,594

    $11,868,095

    Taxable Limited Tax Bonds

    Date of Issue

    Net Interest Rate

    Maturity Dates

    Original Amount

    Current Year Retired

    Balance (6/30/2020)

    Principal (due in 2020-2021)

    Interest (due in 2020-2021)

    Anticipated Interest Subsidy

    2010A

    6%

    2028

    $6,230,000

    --

    $6,230,000

    --

    $373,800

    $332,400

    2010B

    6%

    2028

    $5,000,000

    --

    $5,000,000

    --

    $300,000

    $266,774

    2010C

    3.35%

    2016-20

    $6,770,000

    $1,120,000

    --

    --

    --

    --

    2013A

    4.5%

    2016-34

    $4,000,000

    $170,000

    $2,995,000

    $175,000

    $114,063

    --

     

     

     

     

    $1,290,000

    $14,225,000

    $175,000

    $787,863

    $599,174

     Annual debt service requirements to maturity are as follows:

    Years Ending June 30,

    Principal

    Interest

    Total

    2021

    $175,000

    $787,863

    $962,863

    2022

    $175,000

    $782,613

    $957,613

    2023

    $180,000

    $777,063

    $957,063

    2024

    $185,000

    $771,131

    $956,131

    2025

    $190,000

    $764,800

    $954,800

    2026-2030

    $12,300,000

    $2,696,888

    $14,996,888

    2031-2034

    $1,020,000

    $93,750

    $1,113,750

    Total

    $14,225,000

    $6,674,108

    $20,899,108