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Golf Course Interfund Loan <br />Sample Debt Service Schedule - Irrigation System Only <br />Day <br />March 1 <br />Sept1'' <br />March 1 <br />Sept e1 <br />March 1 <br />Sept 1 <br />March 1 <br />Sept, <br />Year <br />2015 <br />2015 <br />2016 <br />2016 <br />2017 <br />201Z' <br />2018 <br />2018 <br />Grand Totals <br />Fiscal Year <br />2014/15 <br />2015/16 <br />2016%17 <br />017/1$ <br />Irrigation Debt <br />Interest <br />$12,500 <br />2:500 <br />$9,563 <br />Principal <br />2$5;000 .' <br />45;000;;=; <br />5,0( <br />t ,65;00Q <br />$63,752 $1,000,000 <br />6,500 <br />3,313 <br />Loan effective September 1, 2014 <br />Total P&I <br />Total P&I Fiscal Year <br />$12,500 <br />$247,500 $260,000 <br />$9,563 <br />54;563' $264;126 <br />$6,500 <br />61;5001'. <br />$3,313 <br />aa%;13 <br />1,063,752 <br />Additional to fund irrigation system/other improvements: <br />Total Amount of New Debt <br />Interest Rate on New Debt: <br />$1,000,000 <br />F:\Budget\Jason\GOLF\Bond Payoff Analysis <br />Draft <br />$1,000,000 <br />2.50% <br />12/31/2013 <br />89 <br />