|
4.19% Loan rate on 15 year financing
<br />0.08% December 31, 2011 interest earnings rate on savings
<br />-4.11% Negative earnings rate on holding the funds
<br />Attachment number 1
<br />Page 128
<br />Principal
<br />Payoff Balance
<br />Interest
<br />Savings
<br />Budgetary
<br />Impact
<br />Fiscal Year
<br />2013
<br />1,000,000
<br />386,807.20
<br />1,386,807
<br />2014
<br />1,000,000
<br />345,703.70
<br />1,345,704
<br />2015
<br />1,000,000
<br />303,803.70
<br />1,303,804
<br />2016
<br />1,000,000
<br />262,415.57
<br />1,262,416
<br />2017
<br />1,000,000
<br />219,548.44
<br />1,219,548
<br />2018
<br />1,000,000
<br />178,103.70
<br />1,178,104
<br />2019
<br />1,000,000
<br />136,203.70
<br />1,136,204
<br />2020
<br />1,000,000
<br />94,474.32
<br />1,094,474
<br />2021
<br />1,000,000
<br />52,289.69
<br />1,052,290
<br />2022
<br />500,000
<br />10,503.70
<br />510,504
<br />Tota I
<br />9,500,000
<br />1 1,989,854
<br />4.19% Loan rate on 15 year financing
<br />0.08% December 31, 2011 interest earnings rate on savings
<br />-4.11% Negative earnings rate on holding the funds
<br />Attachment number 1
<br />Page 128
<br />
|