CapitalLoan Notes


Unmatured capital loan notes totaling $8,646,063, net of unamortized discount and unamortized deferred amount on refunding of $53,937 are outstanding as of June 30,2013. These notes bear interest at rates of 1 .40% to 3.80%; mature in varying annual amounts through June 30, 2024; and were originally issued for $14,670,000. Annual debt service requirements to maturing for capital loan notes are as follows:


Year Ending June 30,


2014 2015 2016 2017 2018


2019-2023 2024 Total


$


Govenm ental Activities Principal


2,200,000 $ 1,040,000 1,070,000 1 ,145,000 1,175,000 1,260,000 185,000


lnterest


198,958 $ 156,875 134,515 109,555 81,278 147,407 7,030


$ 8,075,000 $ 835,618 $ Principal


Bu siness{ype Activities lnterest


200,000 215,000 210,000


$


4,290 3,290 1,785


62s,000 $


9,365


As of June 30, 2013, the outstanding general obligation debt of the City did not exceed its legal debt margin computed as follows:


Estimated actual valuation of taxable property within the City


Debt limit - 5% of total actual valuation Debt applicable to debt limit: General obligation bonds General obligation bonds - component unit Legal debt margin


$ 2,659,350,229 $ 132,967,511


I 1 ,610,000 1,595,000


$ t 19,762,511


All tax-exempt debt issued by the City is subject to IRS arbitrage rebate unless the City meets the $5 million small issuers exemption in a given year. As of June 30, 2013, the City had no arbitrage liability.


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