Budget Message / Highlights - Metropolitan Water Reclamation ...

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO
2009 BUDGET
OUTSTANDING BONDS AND ESTIMATED STATUTORY DEBT MARGIN
DECEMBER 31, 2008
DATE OF INTEREST AMOUNT
BOND SERIES MATURITY RATES PAYABLE
Capital Improvements Bonds - Series:
December 2002 Series C 2016 5.375 $
6,100,000
December 2002 Series D 2013 3.0 to 5.375 73,100,000
July 2006 Limted Tax 2033 5.00 139,565,000
SUBTOTAL - Construction and Capital Improvements Bonds: $
218,765,000
Refunding Bonds - Series:
August 1992 2009 5.9 to 6.05 $
15,400,000
July 1997 2014 4.7 to 5.50 16,200,000
May 2006 Unlimited 2031 5.00 346,600,000
May 2006 Limited Tax 2031 5.00 50,790,000
March 2007 Series A 2014 to 2022 4.0 to 5.0 188,315,000
March 2007 Series B 2034 to 2035 4.0 to 5.0 91,845,000
March 2007 Series C 2025 to 2033 4.0 to 5.0 101,860,000
SUBTOTAL - Refunding Bonds: $
811,010,000
State Revolving Fund Bonds - Series:
January 1994 , 90A L170393 2013 3.59 $
3,295,358
December 1991 , 90B L170401 2011 3.745 1,623,425
April 1992, 90C L170414 2011 3.745 1,192,667
June 1992, 90D L170416 2012 3.59 286,850
March 1993, 90E L170391 2012 3.59 3,072,297
November 1992, 91F L170672 2012 3.59 2,495,366
August 1992, 91G L170407 2012 3.59 413,336
June 1992, 91I L170667 2011 3.59 156,300
November 1992, 91L L170675 2012 3.59 1,653,466
July 1994, 92P L170774 2013 2.50 10,834,812
May 1995, 92Q L170874 2014 2.50 9,799,869
June 1996, 94R L170820 2017 2.50 13,623,083
February 1996, 92S L170875 2015 2.50 6,255,177
January 1997, 92T L170876 2016 2.50 9,352,999
July 1996, 92U L170877 2017 2.50 11,078,095
February 1997, 94V L171150 2018 2.50 18,982,676
January 2000, 97AA L170822 2019 2.506 31,208,793
December 2000, 97BB L171151 2020 2.535 6,742,811
July 2002, 97CC L172031 2021 2.535 27,084,908
August 2003, 97DD L171152 2023 2.905 12,561,222
July 2004, 01A L172126 2024 2.50 48,288,190
July 2004, 01B L172127 2024 2.50 51,861,309
July 2006, 01C L172128 2026 2.50 47,872,799
March 2007, 04C L172493 2027 2.50 2,544,747
March 2007, 04D L172494 2027 2.50 2,440,351
March 2007, 04G L172611 2027 2.50 3,876,233
January 2009, 04A L172485 2028 2.50 8,023,360
January 2009, 04B L172488 2028 2.50 20,677,770
January 2009, 04E L172495 2028 2.50 5,625,807
SUBTOTAL - State Revolving Fund Bonds: $
362,924,076
TOTAL OUTSTANDING BONDS: $ 1,392,699,076
CALCULATION OF ESTIMATED STATUTORY DEBT MARGIN
Debt Applicable to Debt Limit:
Outstanding Bonds $ 1,392,699,076
Bond Anticipation Note - Principal 63,038,700
Bond Anticipation Note - Interest 860,698
Liabilities of Tax- Financed Funds 53,171,284 $ 1,509,769,758
Less Applicable Assets:
Cash and Investments - Bond Redemption & Interest Funds $
(91,677,772)
Interest on Bonds Payable in Next Twelve Months 61,345,270 $
(30,332,502)
NET DEBT APPLICABLE TO LIMIT: $ 1,479,437,256
Statutory Debt Limit 5.75% of 2007 Equalized Assessed Valuation ($155,972,794,427) $ 8,968,435,680
Less Net Debt Applicable to Limit 1,479,437,256
ESTIMATED STATUTORY DEBT MARGIN: $ 7,488,998,424
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