20XY 20XZ 20YA 20YB Total At August 31, 20XX, the District had $_______ available in the Debt Service Fund to service the general obligation bonds. Bonds Authorized But Unissued (Schedule for bonds authorized but unissued.) Refunded Debt (In the year of advance refunding.) (On ________, 20__, the District issued $____ million in general obligation bonds with an average interest rate of ______ percent to advance refund $_____ million of outstanding _____ series bonds with an average interest rate of ____ percent. The net proceeds of $_____ million after payment of $____ million in underwriting fees, insurance, and other issuance costs plus an additional $______ million of ____ series sinking fund moneys were used to purchase U.S. Government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the ____ series bonds. As a result, the ____ series bonds are considered defeased. The District advance refunded the _____ series bonds to reduce its total debt service payments over the next ___ years by $_____ million and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $_____ million.) Cash Flows Difference Old Debt Service Cash New Debt Service Cash Flows Less Accrued Interest In XX/XX/XX Payment Plus District Contribution from Sinking Fund Resources Total
20XY 20XZ 20YA 20YB Total At August 31, 20XX, the District had $_______ available in the Debt Service Fund to service the general obligation bonds. Bonds Authorized But Unissued (Schedule for bonds authorized but unissued.) Refunded Debt (In the year of advance refunding.) (On ________, 20__, the District issued $____ million in general obligation bonds with an average interest rate of ______ percent to advance refund $_____ million of outstanding _____ series bonds with an average interest rate of ____ percent. The net proceeds of $_____ million after payment of $____ million in underwriting fees, insurance, and other issuance costs plus an additional $______ million of ____ series sinking fund moneys were used to purchase U.S. Government securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for all future debt service payments on the ____ series bonds. As a result, the ____ series bonds are considered defeased. The District advance refunded the _____ series bonds to reduce its total debt service payments over the next ___ years by $_____ million and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of $_____ million.) Cash Flows Difference Old Debt Service Cash New Debt Service Cash Flows Less Accrued Interest In XX/XX/XX Payment Plus District Contribution from Sinking Fund Resources Total
CashNotes1718A.docx