Gapital Loan Notes - Electric Utility


The 20104 and 20108 revenue capital loan notes require annual principal payments, due December 1, and semiannual interest payments, due June 1 and December 1. lnterest rates are in a range between 2.50% and 4.75o/o The capital loan notes are secured by the future net revenues of the Utility.


Component Unit - Capital Loan Notes


Year


2013 2014 2015 2016 2017


2018-2022 2023-2027 2028-2030


$ Princioal


455,000 $ 460,000 1,070,000 1,100,000 1,120,000 6,160,000 3,640,000 1,960,000


$ t 5,965,000 $ lnterest


563,068 549,667 536,1 18 507,267 477,618 1,868,932 865,303 187,250


5,555,223


Debt Summary - Electric Utility Long-term debt activity for the year ended December 31,2012 was as follows:


Beginning Balance


Revenue Bonds: Series 2003 Series 2005 Series 2007 CapitalLoan Notes: Series 2010A Series 20108 Totalbonds Less: Unamortized


discount


Add: Unamortized premium


Totallong-term debt


$ 1,430,000 $ 21,2Q,000


15,610,000


9,590,000 6,820,000


54,690,000 8ß,751


374,586 $ 54,217,835 $ Addilions Reductions


$ 1,430,000 $ 690,000


735,000


395,000 50,000


3,300,000 47,539 14,074


Ending Balance


$


20,550,000 14,875,000


51,390,000 2,590,000


9,195,000 6,770,000


799,212 360,512 $ 3,266,535 $ 50,951,300 $ 2,590,000


1,370,000 765,000


405,000 50,000


Amounts Due Wihin One Year


-70-


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