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A019 - Debt Service Comparison
Nov-13-2001 02:21pm From-EVENSEN DODGE 6123713763 7-556 P.006/008 F-259 City of Ames, Iowa $3,845,000 General Obligation Refunding Bonds, 6cric6 2001 Current QcfitridiRS ** Markct @ 10/18/01 ** &a1c = MMD "Aaa" DEBT SERVICE COMPARISON Date Total P-4 I Net New D/S Old Net INS Savings FISCAL. TOTAL, 12/06/2001 - (45,085.65) - 45,085.65 - 6/01/2002 857,587.50 857,587.50 849,417.50 (8,170.00) 36,915.65 12/01/2002 47,587.50 47,587.50 75,920.00 28,332.50 6/01/2003 847,587.50 847,587.50 840,920.00 (6,667.50) 21,665.00 12/01/2003 35,587.50 35,587.50 56,795,00 21,207.50 - 6/01/2004 835,587.50 835,587.50 836,795.00 1,207.50 22,415.00 12/01/2004 23,587.50 23,587.50 37,295.00 13,707.50 6/01/2005 408,587.50 408,587.50 417,295.00 8,707.50 22,415.00 12/01/2005 17,812.50 17,812.50 27,795.00 9,982m - 6/01/2006 382,812.50 382,812.50 397,795.00 14,982.50 24,965.00 12/01/2006 12,155,00 12,155.00 18,360.00 6,205.00 6/01/2007 367,155.00 367,155.00 383,360.00 16,205.00 22,410.00 12/01/2007 6,120,00 6,120.00 9,052m 2,932,50 - 6/01/2008 346,120.00 346,120.00 364,052.50 17,932.50 20,865.00 Total 4,188,287.50 4,143,201.95 4,314,952.50 171,650.65 PRESENT VALUE ANALYSIS SUMMARY (NET TO NET) Oros PV Debt Service Savings ....................... ........ ............ ............ - ..................... - ..... ............. -- 111,294.45 Net PV Cashflow Savings @ 3.386% (AIC) ........... ......... .......... ............ .............................. 111,294.45 Accrued Interest Credit to Debt Service Fund ....... ................................... ............................ .............. 1,599.65 Contingency or Rounding Amount ........ ....................... .................. — ....... ................. ........... — ....... 43,486.00 NET PRESENT VALUE BENEFIT .... ................................ 11 ....... I..... I ........... I ............ ................... $156,380.10 NET PV BENEFIT / $3,770,000 REFUNDED PRINCIPAL ...................... ........... ---- ............... -- 4.148% NET PV BENEFIT / $3,845,000 REFUNDING PRINCIPAL .......... — .... ........................................ ... 4.067% Prepared by Fvensen Dodge, Inc. Page I File = city ofaimes.sf-Final - Cknfimiation-Current Reffinding 11/13/200112:36 PM p' '� q"