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SAVINGS
City of Ames,Iowa
General Obligation Corporate Purpose and Reftunding Bonds,Series 2016A
FINAL
Present Value
Prior Refunding Annual to 09/27/2016
Date Debt Service Debt Service Savings Savings (cL 1.3199689%
09/27/2016 (43,098.03) (43,098.03) (43,098.03)
12/01/2016 66,876.25 66,876.25 66,720.02
06/01/2017 841,876.25 813,619.44 28,256.81 52,035.03 28,005.96
12/O1/2017 51,376.25 58,125.00 (6,748.75) (6,644.98)
06/01/2018 851,376.25 793,125.00 58,251.25 51,502.50 56,979.53
12/O1/2018 35,376.25 39,750.00 (4,373.75) (4,250.21)
06/01/2019 875,376.25 814,750.00 60,626.25 56,252.50 58,527.59
12/01/2019 18,156.25 20,375.00 (2,218.75) (2,127.90)
06/01/2020 893,156.25 835,375.00 57,781.25 55,562.50 55,052.01
3,590,471.97 3,375,119.44 215,352.53 215,352.53 209,163.98
Savings Summary
PV of savings from cash flow 209,163.98
Plus:Refunding funds on hand (2,825.80)
Net PV Savings 206,338.18
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Aug 23,2016 1:15 pm Prepared by PFM Financial Advisors LLC Page 1