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Alamo City Outstanding Bond Debt as of Sep 2017

original file: Debt Obligation Information Report 2017
Alamo

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What is this?

The Debt Obligation Information Report shows that, as of September 30 2017, the City of Alamo had $16.176 million of bond principal outstanding. The debt is split between $10.345 million of General Obligation bonds for streets and infrastructure and $5.831 million of Waterworks and Sewer Revenue bonds for water and wastewater projects. The report also lists the total interest that must be paid ($4.02 million), the combined debt‑service cost ($20.196 million), how much each resident effectively owes ($841.62 in principal and $1,051 in total debt service), the credit ratings (A from Fitch and S&P for the General Obligation bonds), and the purpose of each bond series.

Key figures

Total outstanding bond principal $16,176,000
Total debt service required (principal + interest) $20,195,998
Interest required for debt service $4,019,998
General Obligation Bonds principal $10,345,000
Waterworks & Sewer Revenue Bonds principal $5,831,000
Largest single bond series (outstanding principal) Improvement Series 2012A – $5,670,000
Debt service cost per resident $1,051
Total proceeds received for all bonds $22,156,000
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