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PURPOSE: <br />CAPITAL FUNDS <br />The Police Administration and Holding Facility Lease Revenue Bonds, Series 1994A were issued in March 1994 for <br />$107,399,438.50 at a 5.80% yield. In February 2004, the City issued a Lease Revenue Refunding Bonds Series 2004A to defease <br />a portion of the $107,399,438.50 in the aggregate principal amount of $38,830,000 at an average yield of 3.0455 % The <br />refunding gave the City a net present value savings of$ 3,282,010. This program shows the debt service payment schedule to <br />defease the balance of the 1994 Lease Revenue Bonds and the Refunding Lease Revenue Bonds Series 2004A, <br />ACTUAL ACTUAL ESTIMATED PROPOSED <br />FY 15.16 FY 16-17 FY 17-18 FY 18-19 <br />REVENUES <br />40019002 POLICE BUILDING DEBT SERVICE <br />58000 Earnings on Investments 23,781 0 <br />58005 Investment Income -Trustee 4 0 <br />59000-11 Transfer From General Fund 11 4,612,190 4,622,660 4,622,660 <br />TOTAL POLICE BUILDING DEBT SERVICE FUND 4,635,975 0 4,622,660 4,62L,660 <br />EXPENDITURES <br />40019020 POLICE BUILDING DEBT SERVICE <br />62300 Other Contractual Services <br />67300 Bond Principal <br />67310 Bond Interest <br />TOTAL POLICE BUILDING DEBT SERVICE FUND <br />ACTUAL ACTUAL <br />ESTIMATED <br />FY 15-16 FY 16-17 <br />FY 17-18 <br />6,528 <br />10,000 <br />2,672,500 <br />3,017,500 <br />1,939,688 <br />1,595,160 <br />4,618,716 0 <br />4,622,660 <br />7-21 <br />PROPOSED <br />FY 18-19 <br />10,000 <br />3,017,500 <br />1,595,160 <br />4,622,660 <br />