Municipal Debt General Obligation Bonds for Fiscal Year 2018
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, 2018 is $5,675,000, detailed as listed below.
Water Fund
| 2011 |
2019 |
Refunding series 2004 bonds |
Variable |
$561,000.00 |
$374,000.00 |
| 2014 |
2034 |
General Obligation Bonds |
Variable |
$3,715,000.00 |
$3,555,000.00 |
| Fund total |
$4,276,000.00 |
$3,929,000.00 |
Milwaukee / Touhy TIF Fund
| 2011 |
2019 |
Refunding 2004 series |
Variable |
$229,500.00 |
$153,000.00 |
| 2013 |
2018 |
Refunding 2005 series |
1.30 |
$1,540.000.00 |
$775,000.00 |
| Fund total |
$1,769,500.00 |
$928,000.00 |
Debt Service Fund
| 2011 |
2019 |
Refunded series 2004 |
Variable |
$229,500.00 |
$153,000.00 |
Capital Projects Fund
| 2010 |
2017 |
Refunded Series 2002 |
Variable |
$80,000.00 |
$0.00 |
| 2010 |
2018 |
Refunded Series 2003 |
Variable |
$1,315,000.00 |
$665,000.00 |
| Fund total |
$1,395,000.00 |
$665,000.00 |
| Grand total |
$7,670,000.00 |
$5,675,000.00 |
