Municipal Debt General Obligation Bonds for Fiscal Year 2015
The Village uses its bonding authority very judiciously, relying on specific revenue streams to service the outstanding debt. For example, water system improvements were undertaken to allow the sale of water to new customers. The revenue from the new customers is used to service the debt. Similarly, with TIF redevelopment bonds, the incremental taxes from redevelopment services the debt. Total outstanding general obligation debt at April 30, 2015 is $12,420,000, detailed as listed below.

Water Fund

Issue Date	Expiration Date	Description	Int. Rate	Opening Principal Balance	Ending Principal Balance
2011	2019	Refunding series 2004 bonds	Variable	$1,603,250.00	$1,179,750.00
2014	2034	General Obligation Bonds	Variable	$0.00	$3,965,000.00
Fund total				$1,603,250.00	$5,144,750.00

Milwaukee / Touhy TIF Fund

Issue Date	Expiration Date	Description	Int. Rate	Opening Principal Balance	Ending Principal Balance
2011	2019	Refunding 2004 series	Variable	$655,875.00	$482,625.00
2013	2018	Refunding 2005 series	1.30	$3,780.000.00	$3,050,000.00
Fund total				$4,435,875.00	$3,532,625.00

Debt Service Fund

Issue Date	Expiration Date	Description	Int. Rate	Opening Principal Balance	Ending Principal Balance
2011	2019	Refunded series 2004	Variable	$655,875.00	$482,625.00

Capital Projects Fund

Issue Date	Expiration Date	Description	Int. Rate	Opening Principal Balance	Ending Principal Balance
2010	2017	Refunded Series 2002	Variable	$990,000.00	$695,000.00
2010	2018	Refunded Series 2003	Variable	$3,165,000.00	$2,565,000.00
Fund total				$4,155,000.00	$3,260,000.00
Grand total				$10,850,000.00	$12,420,000.00