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Alamo City Bond Debt Report – $16.3 million outstanding (as of 9/30/2016)

original file: Debt Obligation Information Report 2016
Alamo

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What is this?

This report, prepared to satisfy Texas HB 1378, lists every bond the City of Alamo has issued that is still unpaid as of September 30 2016. It shows each series’ issue date, maturity, source of repayment (mostly ad‑valorem taxes or water‑sewer revenues), the original amount, how much principal is still owed, any premium or discount, the total amount due (principal + premium), the city’s debt‑service cost per resident, and the credit ratings. The data are grouped into General Obligation bonds (used for streets, parks, utilities) and Waterworks & Sewer Revenue bonds (used for water‑sewer system projects).

Key figures

Total outstanding principal debt $16,304,000
Total amount owed (principal + premium) $20,551,603
Annual debt service required $4,247,603
Debt service cost per resident $1,068
General Obligation bonds outstanding principal $11,190,000
Waterworks & Sewer revenue bonds outstanding principal $5,114,000
Per‑capita share of total outstanding debt $847.14
Credit rating of General Obligation bonds (Fitch / S&P) A / A
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