Summary of Outstanding Debt - Oak Ridge, Tennessee€¦ · Summary of Outstanding Debt ... or...
Transcript of Summary of Outstanding Debt - Oak Ridge, Tennessee€¦ · Summary of Outstanding Debt ... or...
As of May 10, 2011
For Fiscal Year July 1, 2011 - June 30, 2012
CITY OF OAK RIDGE, TENNESSEE
Summaryof
Outstanding Debt
* May not include all outstanding notes and leases
Facsimile: (865) 777-5836
Prepared By:
CUMBERLAND SECURITIESDivision of Morgan Keegan & Company, Inc.
Investment Bankers11400 Parkside Dr., Suite 110Knoxville, Tennessee 37934Telephone: (865) 777-5840
General Risks Associated with Variable Rate Demand Bonds and Municipal Derivative Structures. In addition to any specific risk factors discussed in this presentation or report, there may be other factors thatBorrowers should consider in regard to variable rate demand bonds and municipal derivative structures.
General Risks Associated with Variable Rate DebtMarket Risk (Interest Rate Risk). The risk to a Borrower of rising/falling interest rates.
Tax Risk. The risk that changes or proposed changes in tax laws or events relating to the tax-exempt status of theBorrower's obligations or of tax-exempt obligations generally will cause interest rates on the debt of the Borrower toincrease.
Liquidity/Letter of Credit Renewal Risk. The risk to a Borrower with variable rate bonds that the liquidity facilityor letter of credit for the bonds will terminate or expire prior to the maturity of the bonds and/or be renewed at higherrates resulting in higher costs for the Borrower or the risk of the inability to secure a replacement facility.
Ratings Risk. The risk that either the long-term and/or the short-term ratings on the variable rate bonds are lowereddue to credit events of the borrower, bond insurer, liquidity provider or letter of credit bank resulting in higher interestcosts for the borrower.
General Risks Associated with Municipal Derivative StructuresBasis Risk. Basis risk refers to the potential mismatch between the floating rate payments received on an interest rateswap and the actual interest payments on the Borrower's underlying bonds. The risk to the Borrower is that the floatingpayments on the swap are not adequate to meet the Borrower's payments on its bonds, leading to potentially higherinterest costs. This risk is a function of both SIFMA/LIBOR ratios and the credit risk attached to the Borrower'sunderlying bonds.
Accounting Risk. The risk that the Borrower's accountants could come to an adverse conclusion regarding theaccounting treatment of a structure, resulting in a negative impact to the Borrower's financial statements.
Termination Risk. The risk that the Borrower may have to pay a substantial sum of money if either the Borrower orthe Counterparty chooses to terminate an Interest Rate Agreement prior to its otherwise stated termination date or if theAgreement terminates for some other reason, including the occurrence of an event of default or a termination event inrespect of either party to the Agreement.
Leverage Risk. The enhanced risk inherent in certain Interest Rate Agreements which, by their terms, leverage ormultiply the risks undertaken.
Counterparty Risk. The risk that the swap provider will not perform on the contract, resulting in the Borrowerpotentially owing a termination payment or becoming unhedged on its derivatives contract.
City of Oak Ridge, Tennessee
Summary of Debt
TABLE OF CONTENTS
REPORT PAGE
General Fund$1,247,994 TML Variable Rate Loan, Series 1995 ............................................................................. 1
$7,231,000 G.O. Refunding Bonds, Series 2003 (General Fund Portion)........................................... 2
$15,000,000 Local Gov. Public Imp. Bonds, Series B‐9‐A .................................................................. 3
$4,735,000 Local Gov. Public Imp. Bonds, Series VI‐M‐1 .................................................................. 4
$15,000,000 Local Gov. Public Imp. Bonds, Series B‐11‐A ................................................................ 5
$7,752,288 (of $11,000,000) TML Variable Rate Loan, Series 2008 ................................................. 7
$17,215,000 (of $27,285,000) General Obligation Refunding , Bonds Series 2009 ........................... 8
$21,140,000 Local Gov. Public Imp. Bonds, Series VII‐E‐1 ................................................................ 9
$10,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' .............................. 10
$5,224,000 General Obligation Refunding Bonds, Series 2010 ........................................................ 12
$7,420,000 General Obligation Refunding Bonds, Series 2011 ........................................................ 13
Total Outstanding Debt .................................................................................................................... 14
Total Outstanding Debt ‐ Chart 1...................................................................................................... 15
Total Outstanding Debt ‐ Chart 2...................................................................................................... 16
General Fund Fixed to Variable Ratios ‐ Chart................................................................................... 17
General Fund ‐ Self‐Supporting Debt$1,000,000 TML Variable Rate Loan, Series 2001 (Scarboro Cent er) ................................................ 18
$1,884,000 G.O. Refunding Bonds, Series 2003 (Equipment Fund Portion)...................................... 19
Qualified Zone Academy Bonds, Series 2004 (High School) .............................................................. 20
Total Outstanding Debt .................................................................................................................... 21
Total Outstanding Debt ‐ Chart......................................................................................................... 22
General Fund (Self‐Supporting) Fixed to Variable Ratios ‐ Chart....................................................... 23
Water and Sewer$6,152,006 TML Bond Fund Loan, Series 1995.................................................................................. 24
SRF Wastewater Loans, Series 1999, 1998 & 2002 ........................................................................... 25
TML Bond Fund Loan, Series 2001..................................................................................................... 26
$5,605,000 G.O. Refunding Bonds, Series 2003 (Water Portion)...................................................... 27
$3,652,734 (of $9,000,000) TML Bond Fund Loan, Series 2006 ater on) (W Porti .............................. 28
$2,309,552 (of $9,000,000) TML Bond Fund Loan, Series 2006 (S on) ewer Porti .............................. 29
$931,139 (of $11,000,000) TML Bond Fund Loan, Series 2008 (Water on) Porti ............................... 30
$863,277 (of $11,000,000) TML Bond Fund Loan, Series 2008 (S on) ewer Porti ............................... 31
$5,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' ................................ 32
Total Outstanding Debt..................................................................................................................... 33
Total Outstanding Debt ‐ Chart ......................................................................................................... 34
Water and Sewer Fund Fixed to Variable Ratios ‐ Chart.................................................................... 35
Electric System$12,425,000 Electric Revenue Refunding Bonds, Series 2003........................................................... 36
$3,037,714 (of $9,000,000) TML Bond Fund Loan, Series 2006 ctric on) (Ele Porti ............................ 37
$1,453,296 (of $11,000,000) TML Bond Fund Loan, Series 2008 ctric on) (Ele Porti .......................... 38
$10,070,000 (of $27,285,000) General Obligation Refunding , Bonds Series 2009 ........................... 39
$5,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' ................................ 40
Total Outstanding Debt .................................................................................................................... 42
Total Outstanding Debt ‐ Chart ......................................................................................................... 43
Electric System Fixed to Variable Ratios ‐ Chart................................................................................. 44
Morgan Keegan & Company, Inc ‐ 865‐777‐5840Knoxville Public Finance ‐ CCB
$1,247,994 City of Oak Ridge, Tennessee (Roane State)
TML Variable Rate Loan, Series 1995 (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 25,594.43 25,594.4305/25/2013 - - 25,594.44 25,594.4405/25/2014 - - 25,594.44 25,594.4405/25/2015 - - 25,594.44 25,594.4405/25/2016 - - 25,594.44 25,594.4405/25/2017 65,722.00 4.500% 25,594.44 91,316.4405/25/2018 70,326.00 4.500% 22,636.92 92,962.9205/25/2019 75,251.00 4.500% 19,472.28 94,723.2805/25/2020 80,512.00 4.500% 16,086.00 96,598.0005/25/2021 86,145.00 4.500% 12,462.96 98,607.9605/25/2022 92,183.00 4.500% 8,586.36 100,769.3605/25/2023 98,626.00 4.500% 4,438.20 103,064.20
Total $568,765.00 - $237,249.35 $806,014.35
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments............................................................................................................................................................... 12 Per Yearq y yFirst Serial Maturity Date........................................................................................................................................................................ 5/25/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5000024%Average Life............................................................................................................................................................................................ 9.270 YearsWeighted Average Maturity.................................................................................................................................................................... 9.270 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5395896%Bond Year Dollars................................................................................................................................................................................... $5,272.21
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$7,231,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2003 General Fund Portion
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 71,200.00 71,200.00 -06/01/2012 - - 71,200.00 71,200.00 142,400.0012/01/2012 - - 71,200.00 71,200.00 -06/01/2013 215,000.00 4.000% 71,200.00 286,200.00 357,400.0012/01/2013 - - 66,900.00 66,900.00 -06/01/2014 660,000.00 4.000% 66,900.00 726,900.00 793,800.0012/01/2014 - - 53,700.00 53,700.00 -06/01/2015 1,305,000.00 4.000% 53,700.00 1,358,700.00 1,412,400.0012/01/2015 - - 27,600.00 27,600.00 -06/01/2016 1,380,000.00 4.000% 27,600.00 1,407,600.00 1,435,200.00
Total $3,560,000.00 - $581,200.00 $4,141,200.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date..................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.0000000%Average Life............................................................................................................................................................................................ 4.081 YearsWeighted Average Maturity...................................................................................................................................................................... 4.081 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.0000000%Bond Year Dollars.................................................................................................................................................................................... $14,530.00
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$15,000,000 City of Oak Ridge, Tennessee (High School)
Local Government Public Improvement Bonds, Series B-9-A
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 329,156.25 329,156.25 -06/01/2012 200,000.00 3.500% 329,156.25 529,156.25 858,312.5012/01/2012 - - 325,656.25 325,656.25 -06/01/2013 250,000.00 3.750% 325,656.25 575,656.25 901,312.5012/01/2013 - - 320,968.75 320,968.75 -06/01/2014 300,000.00 3.750% 320,968.75 620,968.75 941,937.5012/01/2014 - - 315,343.75 315,343.75 -06/01/2015 350,000.00 3.750% 315,343.75 665,343.75 980,687.5012/01/2015 - - 308,781.25 308,781.25 -06/01/2016 400,000.00 3.500% 308,781.25 708,781.25 1,017,562.5012/01/2016 - - 301,781.25 301,781.25 -06/01/2017 450,000.00 3.625% 301,781.25 751,781.25 1,053,562.5012/01/2017 - - 293,625.00 293,625.00 -06/01/2018 500,000.00 3.750% 293,625.00 793,625.00 1,087,250.0012/01/2018 - - 284,250.00 284,250.00 -06/01/2019 550,000.00 3.750% 284,250.00 834,250.00 1,118,500.0012/01/2019 - - 273,937.50 273,937.50 -06/01/2020 500,000.00 4.000% 273,937.50 773,937.50 1,047,875.0012/01/2020 - - 263,937.50 263,937.50 -06/01/2021 550,000.00 4.000% 263,937.50 813,937.50 1,077,875.0012/01/2021 - - 252,937.50 252,937.50 -06/01/2022 2,600,000.00 4.750% 252,937.50 2,852,937.50 3,105,875.0012/01/2022 - - 191,187.50 191,187.50 -06/01/2023 3,100,000.00 4.750% 191,187.50 3,291,187.50 3,482,375.0012/01/2023 - - 117,562.50 117,562.50 -06/01/2024 3,300,000.00 5.000% 117,562.50 3,417,562.50 3,535,125.0012/01/2024 - - 35,062.50 35,062.50 -06/01/2025 1,700,000.00 4.125% 35,062.50 1,735,062.50 1,770,125.00
Total $14,750,000.00 - $7,228,375.00 $21,978,375.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5720272%Average Life............................................................................................................................................................................................ 10.719 YearsWeighted Average Maturity..................................................................................................................................................................... 10.719 YearsBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.5596086%Bond Year Dollars................................................................................................................................................................................... $158,100.00
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$4,735,000 City of Oak Ridge, Tennessee (High School)
Local Government Public Improvement Bonds, Series VI-M-1 LIBOR Based Swap - Budget Rate - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
06/01/2011 - - - -06/01/2012 - - 236,750.03 236,750.0306/01/2013 - - 236,750.04 236,750.0406/01/2014 - - 236,750.04 236,750.0406/01/2015 - - 236,750.04 236,750.0406/01/2016 - - 236,750.04 236,750.0406/01/2017 - - 236,750.04 236,750.0406/01/2018 - - 236,750.04 236,750.0406/01/2019 - - 236,750.04 236,750.0406/01/2020 - - 236,750.04 236,750.0406/01/2021 - - 236,750.04 236,750.0406/01/2022 - - 236,750.04 236,750.0406/01/2023 - - 236,750.04 236,750.0406/01/2024 - - 236,750.04 236,750.0406/01/2025 - - 236,750.04 236,750.0406/01/2026 1,465,000.00 5.000% 236,750.04 1,701,750.0406/01/2027 1,540,000.00 5.000% 163,500.00 1,703,500.0006/01/2028 1,615,000.00 5.000% 86,499.96 1,701,499.9606/01/2029 115,000.00 5.000% 5,750.04 120,750.04
l $ $ $Total $4,735,000.00 - $3,807,000.59 $8,542,000.59
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................. 9/01/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date...................................................................................................................................................................... 6/01/2026 Yield Statistics Average Coupon.................................................................................................................................................................................... 5.0000008%Average Life.......................................................................................................................................................................................... 16.080 YearsWeighted Average Maturity................................................................................................................................................................... 16.080 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 5.0518975%Bond Year Dollars................................................................................................................................................................................. $76,140.00
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$5,325,000 City of Oak Ridge, Tennessee (High School)
Local Government Public Improvement Bonds, Series B-11-A
Debt Service Part 1 of 2
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 116,484.38 116,484.38 -06/01/2012 - - 116,484.38 116,484.38 232,968.7612/01/2012 - - 116,484.38 116,484.38 -06/01/2013 - - 116,484.38 116,484.38 232,968.7612/01/2013 - - 116,484.38 116,484.38 -06/01/2014 - - 116,484.38 116,484.38 232,968.7612/01/2014 - - 116,484.38 116,484.38 -06/01/2015 - - 116,484.38 116,484.38 232,968.7612/01/2015 - - 116,484.38 116,484.38 -06/01/2016 - - 116,484.38 116,484.38 232,968.7612/01/2016 - - 116,484.38 116,484.38 -06/01/2017 - - 116,484.38 116,484.38 232,968.7612/01/2017 - - 116,484.38 116,484.38 -06/01/2018 - - 116,484.38 116,484.38 232,968.7612/01/2018 - - 116,484.38 116,484.38 -06/01/2019 - - 116,484.38 116,484.38 232,968.7612/01/2019 - - 116,484.38 116,484.38 -06/01/2020 - - 116,484.38 116,484.38 232,968.7612/01/2020 - - 116,484.38 116,484.38 -06/01/2021 - - 116,484.38 116,484.38 232,968.7612/01/2021 - - 116,484.38 116,484.38 -06/01/2022 - - 116,484.38 116,484.38 232,968.7612/01/2022 - - 116,484.38 116,484.38 -06/01/2023 - - 116,484.38 116,484.38 232,968.7612/01/2023 - - 116,484.38 116,484.38 -06/01/2024 - - 116,484.38 116,484.38 232,968.7612/01/2024 - - 116,484.38 116,484.38 -06/01/2025 - - 116,484.38 116,484.38 232,968.7612/01/2025 - - 116,484.38 116,484.38 -06/01/2026 - - 116,484.38 116,484.38 232,968.7612/01/2026 - - 116,484.38 116,484.38 -06/01/2027 - - 116,484.38 116,484.38 232,968.7612/01/2027 - - 116,484.38 116,484.38 -06/01/2028 - - 116,484.38 116,484.38 232,968.7612/01/2028 - - 116,484.38 116,484.38 -06/01/2029 - - 116,484.38 116,484.38 232,968.7612/01/2029 - - 116,484.38 116,484.38 -06/01/2030 - - 116,484.38 116,484.38 232,968.7612/01/2030 - - 116,484.38 116,484.38 -06/01/2031 - - 116,484.38 116,484.38 232,968.7612/01/2031 - - 116,484.38 116,484.38 -06/01/2032 - - 116,484.38 116,484.38 232,968.76
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$5,325,000 City of Oak Ridge, Tennessee (High School)
Local Government Public Improvement Bonds, Series B-11-A
Debt Service Part 2 of 2
Date Principal Coupon Interest Total P+I Fiscal Total
12/01/2032 - - 116,484.38 116,484.38 -06/01/2033 - - 116,484.38 116,484.38 232,968.7612/01/2033 - - 116,484.38 116,484.38 -06/01/2034 - - 116,484.38 116,484.38 232,968.7612/01/2034 - - 116,484.38 116,484.38 -06/01/2035 - - 116,484.38 116,484.38 232,968.7612/01/2035 - - 116,484.38 116,484.38 -06/01/2036 - - 116,484.38 116,484.38 232,968.7612/01/2036 - - 116,484.38 116,484.38 -06/01/2037 2,600,000.00 4.375% 116,484.38 2,716,484.38 2,832,968.7612/01/2037 - - 59,609.38 59,609.38 -06/01/2038 2,725,000.00 4.375% 59,609.38 2,784,609.38 2,844,218.76
Total $5,325,000.00 - $6,176,406.52 $11,501,406.52 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2037 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.3750002%Average Life............................................................................................................................................................................................ 26.512 YearsWeighted Average Maturity.................................................................................................................................................................... 26.512 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.3750002%Bond Year Dollars................................................................................................................................................................................... $141,175.00
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$7,752,288 of $11,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2008 General Fund Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 348,852.96 348,852.9605/25/2013 - - 348,852.96 348,852.9605/25/2014 70,000.00 4.500% 348,852.96 418,852.9605/25/2015 45,000.00 4.500% 345,702.96 390,702.9605/25/2016 5,000.00 4.500% 343,677.96 348,677.9605/25/2017 - - 343,452.96 343,452.9605/25/2018 - - 343,452.96 343,452.9605/25/2019 - - 343,452.96 343,452.9605/25/2020 75,000.00 4.500% 343,452.96 418,452.9605/25/2021 35,000.00 4.500% 340,077.96 375,077.9605/25/2022 470,000.00 4.500% 338,502.96 808,502.9605/25/2023 1,100,000.00 4.500% 317,352.96 1,417,352.9605/25/2024 775,000.00 4.500% 267,852.96 1,042,852.9605/25/2025 1,555,000.00 4.500% 232,977.96 1,787,977.9605/25/2026 1,905,000.00 4.500% 163,002.96 2,068,002.9605/25/2027 1,717,288.00 4.500% 77,277.96 1,794,565.96
Total $7,752,288.00 - $4,846,797.36 $12,599,085.36
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................ 11/25/2011Frequency of Interest Payments............................................................................................................................................................ 12 Per YearFirst Serial Maturity Date..................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon................................................................................................................................................................................... 4.5000000%Average Life......................................................................................................................................................................................... 13.894 YearsWeighted Average Maturity................................................................................................................................................................. 13.894 YearsBond Yield for Arbitrage Purposes...................................................................................................................................................... 4.5403200%Bond Year Dollars................................................................................................................................................................................ $107,706.61
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$17,215,000 out of $27,285,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2009 General Fund Portion
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 387,850.00 387,850.00 -06/01/2012 - - 387,850.00 387,850.00 775,700.0012/01/2012 - - 387,850.00 387,850.00 -06/01/2013 - - 387,850.00 387,850.00 775,700.0012/01/2013 - - 387,850.00 387,850.00 -06/01/2014 - - 387,850.00 387,850.00 775,700.0012/01/2014 - - 387,850.00 387,850.00 -06/01/2015 1,005,000.00 3.000% 387,850.00 1,392,850.00 1,780,700.0012/01/2015 - - 372,775.00 372,775.00 -06/01/2016 1,325,000.00 5.000% 372,775.00 1,697,775.00 2,070,550.0012/01/2016 - - 339,650.00 339,650.00 -06/01/2017 2,785,000.00 5.000% 339,650.00 3,124,650.00 3,464,300.0012/01/2017 - - 270,025.00 270,025.00 -06/01/2018 2,920,000.00 4.000% 270,025.00 3,190,025.00 3,460,050.0012/01/2018 - - 211,625.00 211,625.00 -06/01/2019 2,640,000.00 4.000% 211,625.00 2,851,625.00 3,063,250.0012/01/2019 - - 158,825.00 158,825.00 -06/01/2020 2,735,000.00 5.000% 158,825.00 2,893,825.00 3,052,650.0012/01/2020 - - 90,450.00 90,450.00 -06/01/2021 2,870,000.00 5.000% 90,450.00 2,960,450.00 3,050,900.0012/01/2021 - - 18,700.00 18,700.00 -06/01/2022 935,000.00 4.000% 18,700.00 953,700.00 972,400.00
Total $17,215,000.00 - $6,026,900.00 $23,241,900.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2015 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5480889%Average Life............................................................................................................................................................................................ 7.698 YearsWeighted Average Maturity..................................................................................................................................................................... 7.698 YearsBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.4997972%Bond Year Dollars................................................................................................................................................................................... $132,515.00
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$21,140,000 City of Oak Ridge, Tennessee
Local Government Public Improvement Bonds, Series VII-E-1 LIBOR Based Swap (Budget Swap Rate) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
06/01/2011 - - - -06/01/2012 - - 951,300.00 951,300.0006/01/2013 - - 951,300.00 951,300.0006/01/2014 - - 951,300.00 951,300.0006/01/2015 - - 951,300.00 951,300.0006/01/2016 - - 951,300.00 951,300.0006/01/2017 - - 951,300.00 951,300.0006/01/2018 - - 951,300.00 951,300.0006/01/2019 - - 951,300.00 951,300.0006/01/2020 - - 951,300.00 951,300.0006/01/2021 - - 951,300.00 951,300.0006/01/2022 - - 951,300.00 951,300.0006/01/2023 - - 951,300.00 951,300.0006/01/2024 - - 951,300.00 951,300.0006/01/2025 - - 951,300.00 951,300.0006/01/2026 - - 951,300.00 951,300.0006/01/2027 - - 951,300.00 951,300.0006/01/2028 - - 951,300.00 951,300.0006/01/2029 1,570,000.00 4.500% 951,300.00 2,521,300.0006/01/2030 1,745,000.00 4.500% 880,650.00 2,625,650.0006/01/2031 1,820,000.00 4.500% 802,125.00 2,622,125.0006/01/2032 4,315,000.00 4.500% 720,225.00 5,035,225.0006/01/2033 4,515,000.00 4.500% 526,050.00 5,041,050.0006/01/2034 2,295,000.00 4.500% 322,875.00 2,617,875.0006/01/2035 2,390,000.00 4.500% 219,600.00 2,609,600.0006/01/2036 2,490,000.00 4.500% 112,050.00 2,602,050.00
Total $21,140,000.00 - $20,706,975.00 $41,846,975.00
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date............................................................................................................................................................................... 9/01/2011Frequency of Interest Payments........................................................................................................................................................... 12 Per YearFirst Serial Maturity Date.................................................................................................................................................................... 6/01/2029 Yield Statistics Average Coupon................................................................................................................................................................................. 4.5000000%Average Life........................................................................................................................................................................................ 21.767 YearsWeighted Average Maturity................................................................................................................................................................ 21.767 YearsTrue Interest Cost (TIC)...................................................................................................................................................................... 4.5901904%Bond Yield for Arbitrage Purposes..................................................................................................................................................... 4.5420913%Bond Year Dollars.............................................................................................................................................................................. $460,155.00
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$10,000,000 of $20,000,000 City of Oak Ridge, Tennessee
General Obligation Bonds, Series 2009 B (General Fund Portion) - Federally Taxable Build America Bonds
Debt Service Part 1 of 2
Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total
06/01/2011 - - - - - -12/01/2011 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2012 - - 302,437.50 (105,853.12) 196,584.38 393,168.7612/01/2012 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2013 - - 302,437.50 (105,853.12) 196,584.38 393,168.7612/01/2013 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2014 50,000.00 2.875% 302,437.50 (105,853.12) 246,584.38 443,168.7612/01/2014 - - 301,718.75 (105,601.56) 196,117.19 -06/01/2015 200,000.00 3.125% 301,718.75 (105,601.56) 396,117.19 592,234.3812/01/2015 - - 298,593.75 (104,507.81) 194,085.94 -06/01/2016 - - 298,593.75 (104,507.81) 194,085.94 388,171.8812/01/2016 - - 298,593.75 (104,507.81) 194,085.94 -06/01/2017 150,000.00 4.000% 298,593.75 (104,507.81) 344,085.94 538,171.8812/01/2017 - - 295,593.75 (103,457.81) 192,135.94 -06/01/2018 - - 295,593.75 (103,457.81) 192,135.94 384,271.8812/01/2018 - - 295,593.75 (103,457.81) 192,135.94 -06/01/2019 300,000.00 4.625% 295,593.75 (103,457.81) 492,135.94 684,271.8812/01/2019 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2020 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2020 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2021 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2021 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2022 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2022 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2023 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2023 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2024 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2024 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2025 550,000.00 5.625% 288,656.25 (101,029.68) 737,626.57 925,253.1412/01/2025 - - 273,187.50 (95,615.62) 177,571.88 -06/01/2026 650,000.00 5.750% 273,187.50 (95,615.62) 827,571.88 1,005,143.7612/01/2026 - - 254,500.00 (89,075.00) 165,425.00 -06/01/2027 600,000.00 5.875% 254,500.00 (89,075.00) 765,425.00 930,850.0012/01/2027 - - 236,875.00 (82,906.25) 153,968.75 -06/01/2028 400,000.00 6.000% 236,875.00 (82,906.25) 553,968.75 707,937.5012/01/2028 - - 224,875.00 (78,706.25) 146,168.75 -06/01/2029 300,000.00 6.000% 224,875.00 (78,706.25) 446,168.75 592,337.5012/01/2029 - - 215,875.00 (75,556.25) 140,318.75 -06/01/2030 300,000.00 6.000% 215,875.00 (75,556.25) 440,318.75 580,637.5012/01/2030 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2031 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2031 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2032 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2032 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2033 - - 206,875.00 (72,406.25) 134,468.75 268,937.50
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$10,000,000 of $20,000,000 City of Oak Ridge, Tennessee
General Obligation Bonds, Series 2009 B (General Fund Portion) - Federally Taxable Build America Bonds
Debt Service Part 2 of 2
Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total
12/01/2033 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2034 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2034 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2035 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2035 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2036 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2036 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2037 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2037 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2038 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2038 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2039 2,500,000.00 6.150% 206,875.00 (72,406.25) 2,634,468.75 2,768,937.5012/01/2039 - - 130,000.00 (45,500.00) 84,500.00 -06/01/2040 2,500,000.00 6.500% 130,000.00 (45,500.00) 2,584,500.00 2,669,000.0012/01/2040 - - 48,750.00 (17,062.50) 31,687.50 -06/01/2041 1,500,000.00 6.500% 48,750.00 (17,062.50) 1,531,687.50 1,563,375.00
Total $10,000,000.00 - $14,750,562.50 (5,162,696.72) $19,587,865.78 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Delivery Date.......................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Coupon Date................................................................................................................................................................................... 12/01/2011First Serial Maturity Date........................................................................................................................................................................ 6/01/2014 Yield Statistics True Interest Cost (TIC).......................................................................................................................................................................... 3.9559851%Bond Yield for Arbitrage Purposes......................................................................................................................................................... 3.8844924%Average Coupon...................................................................................................................................................................................... 4.0506404%Bond Year Dollars................................................................................................................................................................................... $236,700.00Average Life............................................................................................................................................................................................ 23.670 YearsWeighted Average Maturity.................................................................................................................................................................... 23.670 Years
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 2
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$5,240,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2010 Refunding of 1998 Golf Bonds
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
04/29/2010 - - - - -12/01/2010 - - 98,487.99 98,487.99 -06/01/2011 380,000.00 3.000% 83,621.88 463,621.88 562,109.8712/01/2011 - - 77,921.88 77,921.88 -06/01/2012 405,000.00 3.000% 77,921.88 482,921.88 560,843.7612/01/2012 - - 71,846.88 71,846.88 -06/01/2013 420,000.00 3.000% 71,846.88 491,846.88 563,693.7612/01/2013 - - 65,546.88 65,546.88 -06/01/2014 435,000.00 3.000% 65,546.88 500,546.88 566,093.7612/01/2014 - - 59,021.88 59,021.88 -06/01/2015 445,000.00 3.000% 59,021.88 504,021.88 563,043.7612/01/2015 - - 52,346.88 52,346.88 -06/01/2016 460,000.00 3.000% 52,346.88 512,346.88 564,693.7612/01/2016 - - 45,446.88 45,446.88 -06/01/2017 475,000.00 3.000% 45,446.88 520,446.88 565,893.7612/01/2017 - - 38,321.88 38,321.88 -06/01/2018 500,000.00 4.000% 38,321.88 538,321.88 576,643.7612/01/2018 - - 28,321.88 28,321.88 -06/01/2019 555,000.00 3.250% 28,321.88 583,321.88 611,643.7612/01/2019 - - 19,303.13 19,303.13 -06/01/2020 570,000.00 3.250% 19,303.13 589,303.13 608,606.2612/01/2020 - - 10,040.63 10,040.63 -06/01/2021 595,000.00 3.375% 10,040.63 605,040.63 615,081.26
Total $4,860,000.00 - $936,237.60 $5,796,237.60 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date..................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 3.2850442%Average Life............................................................................................................................................................................................ 5.864 YearsWeighted Average Maturity...................................................................................................................................................................... 5.864 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 3.2804493%Bond Year Dollars.................................................................................................................................................................................... $28,500.00
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$7,420,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2011
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
05/10/2011 - - - - -10/01/2011 - - 58,123.33 58,123.33 -04/01/2012 2,485,000.00 2.000% 74,200.00 2,559,200.00 -06/30/2012 - - - - 2,617,323.3310/01/2012 - - 49,350.00 49,350.00 -04/01/2013 2,610,000.00 2.000% 49,350.00 2,659,350.00 -06/30/2013 - - - - 2,708,700.0010/01/2013 - - 23,250.00 23,250.00 -04/01/2014 2,025,000.00 2.000% 23,250.00 2,048,250.00 -06/30/2014 - - - - 2,071,500.0010/01/2014 - - 3,000.00 3,000.00 -04/01/2015 300,000.00 2.000% 3,000.00 303,000.00 -06/30/2015 - - - - 306,000.00
Total $7,420,000.00 - $283,523.33 $7,703,523.33 -
Date And Term Structure Dated................................................................................................................................................................................................... 5/10/2011First Coupon Date..................................................................................................................................................................................... 10/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per Yearq y yFirst Serial Maturity Date......................................................................................................................................................................... 4/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 2.0000000%Average Life............................................................................................................................................................................................ 1.911 YearsWeighted Average Maturity...................................................................................................................................................................... 1.911 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 2.0004514%Bond Year Dollars.................................................................................................................................................................................... $14,176.17
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City of Oak Ridge, Tennessee Total General Fund Outstanding Debt Service
(Budget Variable Rates)
Aggregate Debt Service
Date Principal Interest Treasury Rebate Total P+I
06/30/2012 3,090,000.00 4,264,920.73 (211,706.24) 7,143,214.4906/30/2013 3,495,000.00 4,212,147.40 (211,706.24) 7,495,441.1606/30/2014 3,540,000.00 4,129,372.40 (211,706.24) 7,457,666.1606/30/2015 3,650,000.00 4,033,584.90 (211,203.12) 7,472,381.7806/30/2016 3,570,000.00 3,910,484.90 (209,015.62) 7,271,469.2806/30/2017 3,925,722.00 3,761,009.90 (209,015.62) 7,477,716.2806/30/2018 3,990,326.00 3,582,239.92 (206,915.62) 7,365,650.3006/30/2019 4,120,251.00 3,423,525.24 (206,915.62) 7,336,860.6206/30/2020 3,960,512.00 3,262,001.46 (202,059.36) 7,020,454.1006/30/2021 4,136,145.00 3,079,728.42 (202,059.36) 7,013,814.0606/30/2022 4,097,183.00 2,888,695.62 (202,059.36) 6,783,819.2606/30/2023 4,298,626.00 2,702,497.40 (202,059.36) 6,799,064.0406/30/2024 4,075,000.00 2,501,309.22 (202,059.36) 6,374,249.8606/30/2025 3,805,000.00 2,301,434.22 (202,059.36) 5,904,374.8606/30/2026 4,020,000.00 2,130,396.72 (191,231.24) 5,959,165.4806/30/2027 3,857,288.00 1,934,046.72 (178,150.00) 5,613,184.7206/30/2028 2,015,000.00 1,744,518.76 (165,812.50) 3,593,706.2606/30/2029 1,985,000.00 1,639,768.76 (157,412.50) 3,467,356.2606/30/2030 2,045,000.00 1,545,368.76 (151,112.50) 3,439,256.2606/30/2031 1,820,000.00 1,448,843.76 (144,812.50) 3,124,031.2606/30/2032 4,315,000.00 1,366,943.76 (144,812.50) 5,537,131.2606/30/2033 4,515,000.00 1,172,768.76 (144,812.50) 5,542,956.2606/30/2034 2,295,000.00 969,593.76 (144,812.50) 3,119,781.2606/30/2035 2,390,000.00 866,318.76 (144,812.50) 3,111,506.2606/30/2036 2,490,000.00 758,768.76 (144,812.50) 3,103,956.2606/30/2037 2,600,000.00 646,718.76 (144,812.50) 3,101,906.2606/30/2038 2,725,000.00 532,968.76 (144,812.50) 3,113,156.2606/30/2039 2,500,000.00 413,750.00 (144,812.50) 2,768,937.5006/30/2040 2,500,000.00 260,000.00 (91,000.00) 2,669,000.0006/30/2041 1,500,000.00 97,500.00 (34,125.00) 1,563,375.00
Total $97,326,053.00 $65,581,226.53 (5,162,696.72) $157,744,582.81
Par Amounts Of Selected Issues TML 1995 - Non-Refunded Portion -GF - TML 1995...................................................................................................................... 568,765.002003 Refunding -GF.......................................................................................................................................................................... 3,560,000.00GF - High School - Series B-9-A (2005)........................................................................................................................................... 14,750,000.00GF - High School - Series VI-M-1 (2006)......................................................................................................................................... 4,735,000.00GF - High School - Series B-11-A (2006)......................................................................................................................................... 5,325,000.00TML 2008 -GF.................................................................................................................................................................................. 7,752,288.002009 Refunding Bonds -GF.............................................................................................................................................................. 17,215,000.00GF - High School - Series VII-E-1..................................................................................................................................................... 21,140,000.002009B BAB Bonds -GF.................................................................................................................................................................... 10,000,000.002010 Ref of Golf................................................................................................................................................................................ 4,860,000.002011 Ref of 2001 Bonds................................................................................................................................................................... 7,420,000.00 TOTAL............................................................................................................................................................................................. 97,326,053.00
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
City of Oak Ridge, TennesseeTotal Combined Outstanding General Fund Debt Service
2009B BAB'sTN‐LOANS VII‐E‐12009 RefTML 2008TN‐LOANS B‐11‐ATN‐LOANS VI‐M‐1TN‐LOANS B‐9‐A2003 Ref20112010 GolfTML 1995
$0
$1,000,000
$2,000,000
$3,000,000
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
15
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
City of Oak Ridge, TennesseeTotal Combined Outstanding General Fund Debt Service
High School Renovation
2009B BAB's‐GF
2009 Ref
2003 Ref
2001 Ref
1998 Golf
TML 1995
$0
$1,000,000
$2,000,000
$3,000,000
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
16
$30
$40
$50
$60
$70
$80
$90
40%
50%
60%
70%
80%
90%
100%
Bonds Outstanding (in $M
illiCity of Oak Ridge, Tennessee
General Fund ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)
Synthetic Fixed
Fixed
Variable
Bonds Outstanding
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
Synthetic Fixed 30% 31% 33% 34% 36% 38% 40% 43% 46% 50% 53% 57% 61% 65% 65% 64% 63% 62% 60% 58% 50% 38% 29% 17% 0% 0% 0% 0% 0%
Fixed 70% 69% 67% 66% 64% 62% 60% 57% 54% 50% 47% 43% 39% 35% 35% 36% 37% 38% 40% 42% 50% 62% 71% 83% 100% 100% 100% 100% 100%
Variable 10% 10% 10% 11% 11% 12% 13% 13% 14% 15% 15% 13% 12% 9% 5% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Bonds Outstanding 85.7 82.4 78.9 75.3 71.8 67.9 64.0 60.0 56.2 52.1 48.6 45.5 42.2 40.0 37.8 35.7 33.7 31.7 29.7 27.8 23.5 19.0 16.7 14.3 11.8 9.2 6.5 4.0 1.5
$‐
$10
$20
$30
0%
10%
20%
30%
ions)
17
$1,000,000 City of Oak Ridge, Tennessee
TML Loan (August 20, 2001) (Scarboro Center) (Budgeted Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 72,000.00 4.500% 22,005.00 94,005.0005/25/2013 76,000.00 4.500% 18,765.00 94,765.0005/25/2014 79,000.00 4.500% 15,345.00 94,345.0005/25/2015 83,000.00 4.500% 11,790.00 94,790.0005/25/2016 87,000.00 4.500% 8,055.00 95,055.0005/25/2017 92,000.00 4.500% 4,140.00 96,140.00
Total $489,000.00 - $80,100.00 $569,100.00
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments............................................................................................................................................................... 12 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5000000%Average Life............................................................................................................................................................................................ 3.640 YearsWeighted Average Maturity..................................................................................................................................................................... 3.640 Yearsg g yBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.5360014%Bond Year Dollars................................................................................................................................................................................... $1,780.00
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$1,884,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2003 General Fund Portion (Equipment Fund)
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 5,500.00 5,500.00 -06/01/2012 205,000.00 4.000% 5,500.00 210,500.00 216,000.0012/01/2012 - - 1,400.00 1,400.00 -06/01/2013 70,000.00 4.000% 1,400.00 71,400.00 72,800.00
Total $275,000.00 - $13,800.00 $288,800.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.0000000%Average Life............................................................................................................................................................................................ 1.255 YearsWeighted Average Maturity..................................................................................................................................................................... 1.255 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.0000000%Bond Year Dollars.................................................................................................................................................................................... $345.00
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$7,049,360 City of Oak Ridge, Tennessee
Qualified Zone Academy Bonds, Series 2004
Debt Service
Date Principal Coupon Total P+I Fiscal Total
11/24/2010 - - - -11/24/2011 509,419.00 - 509,419.00 509,419.0011/24/2012 509,418.00 - 509,418.00 509,418.0011/24/2013 509,418.00 - 509,418.00 509,418.0011/24/2014 509,419.00 - 509,419.00 509,419.0011/24/2015 509,418.00 - 509,418.00 509,418.0011/24/2016 509,418.00 - 509,418.00 509,418.0011/24/2017 509,419.00 - 509,419.00 509,419.0011/24/2018 509,418.00 - 509,418.00 509,418.0011/24/2019 509,418.00 - 509,418.00 509,418.0011/24/2020 509,419.00 - 509,419.00 509,419.00
Total $5,094,184.00 - $5,094,184.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 11/24/2010First Coupon Date...................................................................................................................................................................................... 11/24/2011Frequency of Interest Payments.................................................................................................................................................................. 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................... 11/24/2011 Yield Statistics Average Coupon......................................................................................................................................................................................... -Average Life............................................................................................................................................................................................ 5.000 YearsWeighted Average Maturity....................................................................................................................................................................... 5.000 YearsBond Yield for Arbitrage Purposes............................................................................................................................................................. 0%Bond Year Dollars...................................................................................................................................................................................... $28,018.01
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City of Oak Ridge, Tennessee Total Self-Supporting General Fund Outstanding Debt Service
(Budget Variable Rates)
Aggregate Debt Service
Date Principal Interest Total P+I
06/30/2011 - - -06/30/2012 786,419.00 33,005.00 819,424.0006/30/2013 655,418.00 21,565.00 676,983.0006/30/2014 588,418.00 15,345.00 603,763.0006/30/2015 592,419.00 11,790.00 604,209.0006/30/2016 596,418.00 8,055.00 604,473.0006/30/2017 601,418.00 4,140.00 605,558.0006/30/2018 509,419.00 - 509,419.0006/30/2019 509,418.00 - 509,418.0006/30/2020 509,418.00 - 509,418.0006/30/2021 509,419.00 - 509,419.00
Total $5,858,184.00 $93,900.00 $5,952,084.00
Par Amounts Of Selected Issues 2003 Refunding -GO Self Supporting - Equipment Fund...................................................................................................................... 275,000.00GO Self Supporting - TML 2001 (Scarboro Center).............................................................................................................................. 489,000.00GF - High School - QZAB..................................................................................................................................................................... 5,094,184.00 TOTAL................................................................................................................................................................................................. 5,858,184.00
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
City of Oak Ridge, TennesseeTotal Combined Outstanding General Fund Debt Service
(Self‐Supporting)
QZAB (High School)
TML 2001 (Scarboro Center)
2003 Ref (Equipment Fund)
$0
$200,000
$400,000
$600,000
$800,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
22
2 0
3.0
4.0
5.0
6.0
92%
94%
96%
98%
100%
Bonds Outstanding (in $M
illiCity of Oak Ridge, Tennessee
Self Supporting General Fund ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)
Variable
Fixed
Bonds Outstanding
2012 2013 2014 2015 2016 2017 2018 2019 2020
Variable 8% 7% 7% 5% 3% 0% 0% 0% 0%
Fixed 92% 93% 93% 95% 97% 100% 100% 100% 100%
Bonds Outstanding 5.1 4.4 3.8 3.2 2.6 2.0 1.5 1.0 0.5
0.0
1.0
2.0
86%
88%
90%
ions)
23
$6,152,006 City of Oak Ridge, Tennessee
TML Bond Fund Loan, Series 1995 (Water & Sewer Portion) (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 126,168.10 126,168.1005/25/2013 - - 126,168.12 126,168.1205/25/2014 - - 126,168.12 126,168.1205/25/2015 - - 126,168.12 126,168.1205/25/2016 - - 126,168.12 126,168.1205/25/2017 323,978.00 4.500% 126,168.12 450,146.1205/25/2018 346,674.00 4.500% 111,589.08 458,263.0805/25/2019 370,949.00 4.500% 95,988.72 466,937.7205/25/2020 396,888.00 4.500% 79,296.00 476,184.0005/25/2021 424,655.00 4.500% 61,436.04 486,091.0405/25/2022 454,417.00 4.500% 42,326.64 496,743.6405/25/2023 486,174.00 4.500% 21,877.80 508,051.80
Total $2,803,735.00 - $1,169,522.98 $3,973,257.98
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................. 11/25/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per Yearq y yFirst Serial Maturity Date...................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon.................................................................................................................................................................................... 4.5000008%Average Life.......................................................................................................................................................................................... 9.270 YearsWeighted Average Maturity................................................................................................................................................................... 9.270 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 4.5395896%Bond Year Dollars................................................................................................................................................................................. $25,989.40
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$16,197,000 City of Oak Ridge, Tennessee
SRF Wastewater Loan, Series 1997, 1998 & 2002 Payments Due Monthly
Debt Service
Date Principal Coupon Interest Total P+I
06/01/2011 - - - -06/01/2012 779,040.00 4.578% 638,536.00 1,417,576.0006/01/2013 1,001,333.00 4.105% 602,873.00 1,604,206.0006/01/2014 1,042,433.00 4.104% 561,773.00 1,604,206.0006/01/2015 1,085,213.00 4.105% 518,993.00 1,604,206.0006/01/2016 1,129,745.00 4.104% 474,449.00 1,604,194.0006/01/2017 1,176,126.00 4.105% 428,081.00 1,604,207.0006/01/2018 1,224,401.00 4.105% 379,806.00 1,604,207.0006/01/2019 1,274,656.00 4.106% 329,549.00 1,604,205.0006/01/2020 1,326,978.00 4.105% 277,217.00 1,604,195.0006/01/2021 1,381,449.00 4.104% 222,744.00 1,604,193.0006/01/2022 1,438,115.00 2.880% 166,047.00 1,604,162.0006/01/2023 452,654.00 2.852% 124,624.00 577,278.0006/01/2024 289,265.00 3.898% 111,713.00 400,978.0006/01/2025 300,540.00 3.898% 100,438.00 400,978.0006/01/2026 312,255.00 3.898% 88,723.00 400,978.0006/01/2027 324,427.00 3.898% 76,552.00 400,979.0006/01/2028 337,073.00 3.898% 63,906.00 400,979.0006/01/2029 350,211.00 3.898% 50,766.00 400,977.0006/01/2030 363,863.00 3.898% 37,116.00 400,979.0006/01/2031 378,046.00 3.898% 22,932.00 400,978.0006/01/2032 392,783.00 2.087% 8,196.00 400,979.00
Total $16,360,606.00 - $5,285,034.00 $21,645,640.00
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date............................................................................................................................................................................... 12/01/2011Frequency of Interest Payments........................................................................................................................................................... 2 Per YearFirst Serial Maturity Date.................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon.................................................................................................................................................................................. 3.7394657%Average Life........................................................................................................................................................................................ 8.639 YearsWeighted Average Maturity................................................................................................................................................................ 8.639 YearsBond Yield for Arbitrage Purposes..................................................................................................................................................... 3.7629517%Bond Year Dollars............................................................................................................................................................................... $141,331.26
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$3,000,000 City of Oak Ridge, Tennessee TML Bond Fund Loan, Series 2001
(Budgeted Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 141,000.00 4.500% 90,000.00 231,000.0005/25/2013 148,000.00 4.500% 83,655.00 231,655.0005/25/2014 155,000.00 4.500% 76,995.00 231,995.0005/25/2015 163,000.00 4.500% 70,020.00 233,020.0005/25/2016 171,000.00 4.500% 62,685.00 233,685.0005/25/2017 180,000.00 4.500% 54,990.00 234,990.0005/25/2018 189,000.00 4.500% 46,890.00 235,890.0005/25/2019 198,000.00 4.500% 38,385.00 236,385.0005/25/2020 208,000.00 4.500% 29,475.00 237,475.0005/25/2021 218,000.00 4.500% 20,115.00 238,115.0005/25/2022 229,000.00 4.500% 10,305.00 239,305.00
Total $2,000,000.00 - $583,515.00 $2,583,515.00
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012y Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000000%Average Life........................................................................................................................................................................................... 6.484 YearsWeighted Average Maturity.................................................................................................................................................................... 6.484 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5385256%Bond Year Dollars.................................................................................................................................................................................. $12,967.00
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$5,605,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2003 Waterworks Portion
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 44,800.00 44,800.00 -06/01/2012 420,000.00 4.000% 44,800.00 464,800.00 509,600.0012/01/2012 - - 36,400.00 36,400.00 -06/01/2013 435,000.00 4.000% 36,400.00 471,400.00 507,800.0012/01/2013 - - 27,700.00 27,700.00 -06/01/2014 445,000.00 4.000% 27,700.00 472,700.00 500,400.0012/01/2014 - - 18,800.00 18,800.00 -06/01/2015 460,000.00 4.000% 18,800.00 478,800.00 497,600.0012/01/2015 - - 9,600.00 9,600.00 -06/01/2016 480,000.00 4.000% 9,600.00 489,600.00 499,200.00
Total $2,240,000.00 - $274,600.00 $2,514,600.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date..................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.0000000%Average Life............................................................................................................................................................................................ 3.065 YearsWeighted Average Maturity...................................................................................................................................................................... 3.065 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.0000000%Bond Year Dollars.................................................................................................................................................................................... $6,865.00
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$3,652,734 of $9,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2006 Water Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 149,955.00 4.500% 135,088.33 285,043.3305/25/2013 156,068.00 4.500% 128,340.36 284,408.3605/25/2014 162,180.00 4.500% 121,317.36 283,497.3605/25/2015 168,700.00 4.500% 114,019.20 282,719.2005/25/2016 175,220.00 4.500% 106,427.76 281,647.7605/25/2017 182,555.00 4.500% 98,542.80 281,097.8005/25/2018 189,482.00 4.500% 90,327.84 279,809.8405/25/2019 197,224.00 4.500% 81,801.12 279,025.1205/25/2020 204,966.00 4.500% 72,926.04 277,892.0405/25/2021 213,524.00 4.500% 63,702.60 277,226.6005/25/2022 222,081.00 4.500% 54,093.96 276,174.9605/25/2023 230,638.00 4.500% 44,100.36 274,738.3605/25/2024 240,010.00 4.500% 33,721.68 273,731.6805/25/2025 249,790.00 4.500% 22,921.20 272,711.2005/25/2026 259,570.00 4.500% 11,680.68 271,250.68
Total $3,001,963.00 - $1,179,011.29 $4,180,974.29
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................. 11/25/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date...................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon.................................................................................................................................................................................... 4.5000005%Average Life.......................................................................................................................................................................................... 8.728 YearsWeighted Average Maturity................................................................................................................................................................... 8.728 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 4.5393517%Bond Year Dollars................................................................................................................................................................................. $26,200.25
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$2,309,552 of $9,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2006 Sewer Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 95,279.00 4.500% 85,833.02 181,112.0205/25/2013 99,163.00 4.500% 81,545.52 180,708.5205/25/2014 103,047.00 4.500% 77,083.20 180,130.2005/25/2015 107,189.00 4.500% 72,446.04 179,635.0405/25/2016 111,332.00 4.500% 67,622.52 178,954.5205/25/2017 115,992.00 4.500% 62,612.64 178,604.6405/25/2018 120,394.00 4.500% 57,393.00 177,787.0005/25/2019 125,313.00 4.500% 51,975.24 177,288.2405/25/2020 130,232.00 4.500% 46,336.20 176,568.2005/25/2021 135,670.00 4.500% 40,475.76 176,145.7605/25/2022 141,107.00 4.500% 34,370.52 175,477.5205/25/2023 146,544.00 4.500% 28,020.72 174,564.7205/25/2024 152,499.00 4.500% 21,426.24 173,925.2405/25/2025 158,713.00 4.500% 14,563.80 173,276.8005/25/2026 164,927.00 4.500% 7,421.76 172,348.76
Total $1,907,401.00 - $749,126.18 $2,656,527.18
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000015%Average Life........................................................................................................................................................................................... 8.728 YearsWeighted Average Maturity.................................................................................................................................................................... 8.728 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5393517%Bond Year Dollars.................................................................................................................................................................................. $16,647.24
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$931,139 of $11,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2008 Water Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 41,901.25 41,901.2505/25/2013 - - 41,901.24 41,901.2405/25/2014 - - 41,901.24 41,901.2405/25/2015 - - 41,901.24 41,901.2405/25/2016 - - 41,901.24 41,901.2405/25/2017 50,000.00 4.500% 41,901.24 91,901.2405/25/2018 60,000.00 4.500% 39,651.24 99,651.2405/25/2019 60,000.00 4.500% 36,951.24 96,951.2405/25/2020 60,000.00 4.500% 34,251.24 94,251.2405/25/2021 60,000.00 4.500% 31,551.24 91,551.2405/25/2022 - - 28,851.24 28,851.2405/25/2023 120,000.00 4.500% 28,851.24 148,851.2405/25/2024 115,000.00 4.500% 23,451.24 138,451.2405/25/2025 125,000.00 4.500% 18,276.24 143,276.2405/25/2026 135,000.00 4.500% 12,651.24 147,651.2405/25/2027 146,139.00 4.500% 6,576.24 152,715.24
Total $931,139.00 - $512,469.85 $1,443,608.85
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................. 11/25/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date...................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon.................................................................................................................................................................................... 4.4999980%Average Life.......................................................................................................................................................................................... 12.230 YearsWeighted Average Maturity................................................................................................................................................................... 12.230 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 4.5403200%Bond Year Dollars................................................................................................................................................................................. $11,388.22
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$863,277 of $11,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2008 Sewer Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 38,847.47 38,847.4705/25/2013 - - 38,847.48 38,847.4805/25/2014 - - 38,847.48 38,847.4805/25/2015 - - 38,847.48 38,847.4805/25/2016 - - 38,847.48 38,847.4805/25/2017 25,000.00 4.500% 38,847.48 63,847.4805/25/2018 25,000.00 4.500% 37,722.48 62,722.4805/25/2019 - - 36,597.48 36,597.4805/25/2020 - - 36,597.48 36,597.4805/25/2021 - - 36,597.48 36,597.4805/25/2022 - - 36,597.48 36,597.4805/25/2023 40,000.00 4.500% 36,597.48 76,597.4805/25/2024 180,000.00 4.500% 34,797.48 214,797.4805/25/2025 190,000.00 4.500% 26,697.48 216,697.4805/25/2026 200,000.00 4.500% 18,147.48 218,147.4805/25/2027 203,277.00 4.500% 9,147.48 212,424.48
Total $863,277.00 - $542,584.67 $1,405,861.67
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................. 11/25/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date...................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon.................................................................................................................................................................................... 4.5000019%Average Life.......................................................................................................................................................................................... 13.967 YearsWeighted Average Maturity................................................................................................................................................................... 13.967 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 4.5403200%Bond Year Dollars................................................................................................................................................................................. $12,057.43
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$5,000,000 of $20,000,000 City of Oak Ridge, Tennessee
General Obligation Bonds, Series 2009 B (Water & Sewer Fund Portion) - Federally Taxable Build America Bonds
Debt Service
Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total
06/01/2011 - - - - - -12/01/2011 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2012 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2012 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2013 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2013 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2014 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2014 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2015 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2015 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2016 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2016 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2017 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2017 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2018 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2018 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2019 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2019 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2020 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2020 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2021 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2021 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2022 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2022 - - 146,062.50 (51,121.87) 94,940.63 -12/01/2022 146,062.50 (51,121.87) 94,940.6306/01/2023 200,000.00 5.000% 146,062.50 (51,121.87) 294,940.63 389,881.2612/01/2023 - - 141,062.50 (49,371.87) 91,690.63 -06/01/2024 450,000.00 5.500% 141,062.50 (49,371.87) 541,690.63 633,381.2612/01/2024 - - 128,687.50 (45,040.62) 83,646.88 -06/01/2025 450,000.00 5.625% 128,687.50 (45,040.62) 533,646.88 617,293.7612/01/2025 - - 116,031.25 (40,610.93) 75,420.32 -06/01/2026 400,000.00 5.750% 116,031.25 (40,610.93) 475,420.32 550,840.6412/01/2026 - - 104,531.25 (36,585.93) 67,945.32 -06/01/2027 750,000.00 5.875% 104,531.25 (36,585.93) 817,945.32 885,890.6412/01/2027 - - 82,500.00 (28,875.00) 53,625.00 -06/01/2028 900,000.00 6.000% 82,500.00 (28,875.00) 953,625.00 1,007,250.0012/01/2028 - - 55,500.00 (19,425.00) 36,075.00 -06/01/2029 900,000.00 6.000% 55,500.00 (19,425.00) 936,075.00 972,150.0012/01/2029 - - 28,500.00 (9,975.00) 18,525.00 -06/01/2030 950,000.00 6.000% 28,500.00 (9,975.00) 968,525.00 987,050.00
Total $5,000,000.00 - $4,819,125.00 (1,686,693.58) $8,132,431.42 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments.................................................................................................................................................................... 2 Per YearFirst Coupon Date....................................................................................................................................................................................... 12/01/2011First Serial Maturity Date.............................................................................................................................................................................. 6/01/2023 Yield Statistics True Interest Cost (TIC)................................................................................................................................................................................ 3.7294483%Bond Yield for Arbitrage Purposes............................................................................................................................................................... 3.8827760%Average Coupon.......................................................................................................................................................................................... 3.8143659%Bond Year Dollars....................................................................................................................................................................................... $82,100.00Average Life............................................................................................................................................................................................ 16.420 YearsWeighted Average Maturity.......................................................................................................................................................................... 16.420 Years
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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City of Oak Ridge, Tennessee Total Water & Sewer Outstanding Debt Service
(Budget Variable Rates)
Aggregate Debt Service
Date Principal Interest Treasury Rebate Total P+I
06/30/2012 1,585,274.00 1,538,099.18 (102,243.74) 3,021,129.4406/30/2013 1,839,564.00 1,468,255.66 (102,243.74) 3,205,575.9206/30/2014 1,907,660.00 1,391,610.26 (102,243.74) 3,197,026.5206/30/2015 1,984,102.00 1,312,120.04 (102,243.74) 3,193,978.3006/30/2016 2,067,297.00 1,229,426.04 (102,243.74) 3,194,479.3006/30/2017 2,053,651.00 1,143,268.20 (102,243.74) 3,094,675.4606/30/2018 2,154,951.00 1,055,504.56 (102,243.74) 3,108,211.8206/30/2019 2,226,142.00 963,372.82 (102,243.74) 3,087,271.0806/30/2020 2,327,064.00 868,223.96 (102,243.74) 3,093,044.2206/30/2021 2,433,298.00 768,747.08 (102,243.74) 3,099,801.3406/30/2022 2,484,720.00 664,716.88 (102,243.74) 3,047,193.1406/30/2023 1,676,010.00 576,196.66 (102,243.74) 2,149,962.9206/30/2024 1,426,774.00 507,234.64 (98,743.74) 1,835,264.9006/30/2025 1,474,043.00 440,271.72 (90,081.24) 1,824,233.4806/30/2026 1,471,752.00 370,686.60 (81,221.86) 1,761,216.7406/30/2027 1,423,843.00 301,338.22 (73,171.86) 1,652,009.3606/30/2028 1,237,073.00 228,906.00 (57,750.00) 1,408,229.0006/30/2029 1,250,211.00 161,766.00 (38,850.00) 1,373,127.0006/30/2030 1,313,863.00 94,116.00 (19,950.00) 1,388,029.0006/30/2031 378,046.00 22,932.00 - 400,978.0006/30/2032 392,783.00 8,196.00 - 400,979.00
Total $35,108,121.00 $15,114,988.52 (1,686,693.58) $48,536,415.94
Par Amounts Of Selected Issues TML 1995 - Non-Refunded Portion -WS - TML 1995....................................................................................................................... 2,803,735.002003 Refunding -WS.......................................................................................................................................................................... 2,240,000.00TML 2008 -Water............................................................................................................................................................................... 931,139.00TML 2008 -Sewer............................................................................................................................................................................... 863,277.002009B BAB Bonds -WS..................................................................................................................................................................... 5,000,000.00WS - SRF 1997, 1998 & 2002............................................................................................................................................................ 16,360,606.00WS - 2001 TML.................................................................................................................................................................................. 2,000,000.00TML 2006 -Water............................................................................................................................................................................... 3,001,963.00TML 2006 -Sewer............................................................................................................................................................................... 1,907,401.00 TOTAL.............................................................................................................................................................................................. 35,108,121.00
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$2,000,000
$2,500,000
$3,000,000
$3,500,000
City of Oak Ridge, TennesseeTotal Combined Outstanding Water & Sewer System Debt Service
TML 2006 (Sewer)TML 2006 (Water)TML 2001SRF 1997, 1999 & 20022009B BAB'sTML 2008 (Sewer)TML 2008 (Water)2003 RefTML 1995
$0
$500,000
$1,000,000
$1,500,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
34
15.0
20.0
25.0
30.0
35.0
40.0
40%
50%
60%
70%
80%
90%
100%
Bonds Outstanding (in $M
illiCity of Oak Ridge, Tennessee
Water & Sewer System ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)
Variable
Fixed
Bonds Outstanding
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Variable 33% 34% 34% 35% 36% 36% 35% 34% 33% 31% 29% 24% 20% 15% 6% 0% 0% 0%
Fixed 67% 66% 66% 65% 64% 64% 65% 66% 67% 69% 71% 76% 80% 85% 94% 100% 100% 100%
Bonds Outstanding 33.4 31.6 29.7 27.7 25.6 23.6 21.4 19.2 16.9 14.5 12.0 10.3 8.9 7.5 6.0 4.6 3.3 2.1
0.0
5.0
10.0
0%
10%
20%
30%
ions)
35
$12,425,000 City of Oak Ridge, Tennessee
Electric Revenue Refunding Bonds, Series 2003
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 109,850.00 109,850.00 -06/01/2012 1,000,000.00 5.000% 109,850.00 1,109,850.00 1,219,700.0012/01/2012 - - 84,850.00 84,850.00 -06/01/2013 1,010,000.00 5.000% 84,850.00 1,094,850.00 1,179,700.0012/01/2013 - - 59,600.00 59,600.00 -06/01/2014 1,095,000.00 4.000% 59,600.00 1,154,600.00 1,214,200.0012/01/2014 - - 37,700.00 37,700.00 -06/01/2015 925,000.00 4.000% 37,700.00 962,700.00 1,000,400.0012/01/2015 - - 19,200.00 19,200.00 -06/01/2016 960,000.00 4.000% 19,200.00 979,200.00 998,400.00
Total $4,990,000.00 - $622,400.00 $5,612,400.00 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date..................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.2039851%Average Life............................................................................................................................................................................................ 2.967 YearsWeighted Average Maturity...................................................................................................................................................................... 2.967 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.2122427%Bond Year Dollars.................................................................................................................................................................................... $14,805.00
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$3,037,714 of $9,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2006 Electric Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 122,765.00 4.500% 110,593.70 233,358.7005/25/2013 127,769.00 4.500% 105,069.24 232,838.2405/25/2014 132,773.00 4.500% 99,319.68 232,092.6805/25/2015 138,111.00 4.500% 93,344.88 231,455.8805/25/2016 143,448.00 4.500% 87,129.96 230,577.9605/25/2017 149,453.00 4.500% 80,674.80 230,127.8005/25/2018 155,124.00 4.500% 73,949.40 229,073.4005/25/2019 161,463.00 4.500% 66,968.76 228,431.7605/25/2020 167,801.00 4.500% 59,703.00 227,504.0005/25/2021 174,807.00 4.500% 52,151.88 226,958.8805/25/2022 181,812.00 4.500% 44,285.64 226,097.6405/25/2023 188,818.00 4.500% 36,104.04 224,922.0405/25/2024 196,491.00 4.500% 27,607.20 224,098.2005/25/2025 204,498.00 4.500% 18,765.12 223,263.1205/25/2026 212,505.00 4.500% 9,562.68 222,067.68
Total $2,457,638.00 - $965,229.98 $3,422,867.98
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000004%Average Life........................................................................................................................................................................................... 8.728 YearsWeighted Average Maturity.................................................................................................................................................................... 8.728 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5393517%Bond Year Dollars.................................................................................................................................................................................. $21,449.55
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$1,453,296 of $11,000,000 City of Oak Ridge, Tennessee
TML Loan, Series 2008 Electric Portion (Budget Variable Rates) - Interest Pays Monthly
Debt Service
Date Principal Coupon Interest Total P+I
05/25/2011 - - - -05/25/2012 - - 65,398.32 65,398.3205/25/2013 - - 65,398.32 65,398.3205/25/2014 - - 65,398.32 65,398.3205/25/2015 25,000.00 4.500% 65,398.32 90,398.3205/25/2016 70,000.00 4.500% 64,273.32 134,273.3205/25/2017 - - 61,123.32 61,123.3205/25/2018 - - 61,123.32 61,123.3205/25/2019 35,000.00 4.500% 61,123.32 96,123.3205/25/2020 - - 59,548.32 59,548.3205/25/2021 40,000.00 4.500% 59,548.32 99,548.3205/25/2022 - - 57,748.32 57,748.3205/25/2023 - - 57,748.32 57,748.3205/25/2024 290,000.00 4.500% 57,748.32 347,748.3205/25/2025 305,000.00 4.500% 44,698.32 349,698.3205/25/2026 355,000.00 4.500% 30,973.32 385,973.3205/25/2027 333,296.00 4.500% 14,998.32 348,294.32
Total $1,453,296.00 - $892,248.12 $2,345,544.12
Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000000%Average Life........................................................................................................................................................................................... 13.643 YearsWeighted Average Maturity.................................................................................................................................................................... 13.643 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5403200%Bond Year Dollars.................................................................................................................................................................................. $19,827.74
Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1
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$10,070,000 out of $27,285,000 City of Oak Ridge, Tennessee
General Obligation Refunding Bonds, Series 2009 Electric Portion
Debt Service
Date Principal Coupon Interest Total P+I Fiscal Total
06/01/2011 - - - - -12/01/2011 - - 224,221.88 224,221.88 -06/01/2012 - - 224,221.88 224,221.88 448,443.7612/01/2012 - - 224,221.88 224,221.88 -06/01/2013 - - 224,221.88 224,221.88 448,443.7612/01/2013 - - 224,221.88 224,221.88 -06/01/2014 - - 224,221.88 224,221.88 448,443.7612/01/2014 - - 224,221.88 224,221.88 -06/01/2015 - - 224,221.88 224,221.88 448,443.7612/01/2015 - - 224,221.88 224,221.88 -06/01/2016 - - 224,221.88 224,221.88 448,443.7612/01/2016 - - 224,221.88 224,221.88 -06/01/2017 1,000,000.00 5.000% 224,221.88 1,224,221.88 1,448,443.7612/01/2017 - - 199,221.88 199,221.88 -06/01/2018 1,045,000.00 4.000% 199,221.88 1,244,221.88 1,443,443.7612/01/2018 - - 178,321.88 178,321.88 -06/01/2019 1,055,000.00 4.000% 178,321.88 1,233,321.88 1,411,643.7612/01/2019 - - 157,221.88 157,221.88 -06/01/2020 1,135,000.00 5.000% 157,221.88 1,292,221.88 1,449,443.7612/01/2020 - - 128,846.88 128,846.88 -06/01/2021 1,150,000.00 5.000% 128,846.88 1,278,846.88 1,407,693.7612/01/2021 - - 100,096.88 100,096.88 -06/01/2022 1,210,000.00 4.000% 100,096.88 1,310,096.88 1,410,193.7612/01/2022 - - 75,896.88 75,896.88 -06/01/2023 1,300,000.00 4.250% 75,896.88 1,375,896.88 1,451,793.7612/01/2023 - - 48,271.88 48,271.88 -06/01/2024 1,065,000.00 4.375% 48,271.88 1,113,271.88 1,161,543.7612/01/2024 - - 24,975.00 24,975.00 -06/01/2025 1,110,000.00 4.500% 24,975.00 1,134,975.00 1,159,950.00
Total $10,070,000.00 - $4,516,368.88 $14,586,368.88 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2017 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.4380375%Average Life............................................................................................................................................................................................ 10.106 YearsWeighted Average Maturity..................................................................................................................................................................... 10.106 YearsBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.4981133%Bond Year Dollars................................................................................................................................................................................... $101,765.00
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$5,000,000 of $20,000,000 City of Oak Ridge, Tennessee
General Obligation Bonds, Series 2009 B (Electric Fund Portion) - Federally Taxable Build America Bonds
Debt Service Part 1 of 2
Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total
06/01/2011 - - - - - -12/01/2011 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2012 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2012 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2013 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2013 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2014 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2014 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2015 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2015 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2016 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2016 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2017 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2017 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2018 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2018 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2019 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2019 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2020 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2020 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2021 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2021 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2022 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2022 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2023 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2023 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2024 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2024 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2025 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2025 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2026 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2026 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2027 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2027 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2028 450,000.00 6.000% 151,387.50 (52,985.62) 548,401.88 646,803.7612/01/2028 - - 137,887.50 (48,260.62) 89,626.88 -06/01/2029 450,000.00 6.000% 137,887.50 (48,260.62) 539,626.88 629,253.7612/01/2029 - - 124,387.50 (43,535.62) 80,851.88 -06/01/2030 450,000.00 6.000% 124,387.50 (43,535.62) 530,851.88 611,703.7612/01/2030 - - 110,887.50 (38,810.62) 72,076.88 -06/01/2031 450,000.00 6.000% 110,887.50 (38,810.62) 522,076.88 594,153.7612/01/2031 - - 97,387.50 (34,085.62) 63,301.88 -06/01/2032 450,000.00 6.000% 97,387.50 (34,085.62) 513,301.88 576,603.76
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$5,000,000 of $20,000,000 City of Oak Ridge, Tennessee
General Obligation Bonds, Series 2009 B (Electric Fund Portion) - Federally Taxable Build America Bonds
Debt Service Part 2 of 2
Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total
12/01/2032 - - 83,887.50 (29,360.62) 54,526.88 -06/01/2033 450,000.00 6.000% 83,887.50 (29,360.62) 504,526.88 559,053.7612/01/2033 - - 70,387.50 (24,635.62) 45,751.88 -06/01/2034 450,000.00 6.000% 70,387.50 (24,635.62) 495,751.88 541,503.7612/01/2034 - - 56,887.50 (19,910.62) 36,976.88 -06/01/2035 450,000.00 6.150% 56,887.50 (19,910.62) 486,976.88 523,953.7612/01/2035 - - 43,050.00 (15,067.50) 27,982.50 -06/01/2036 450,000.00 6.150% 43,050.00 (15,067.50) 477,982.50 505,965.0012/01/2036 - - 29,212.50 (10,224.37) 18,988.13 -06/01/2037 475,000.00 6.150% 29,212.50 (10,224.37) 493,988.13 512,976.2612/01/2037 - - 14,606.25 (5,112.18) 9,494.07 -06/01/2038 475,000.00 6.150% 14,606.25 (5,112.18) 484,494.07 493,988.14
Total $5,000,000.00 - $6,684,337.50 (2,339,517.86) $9,344,819.64 -
Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Coupon Date................................................................................................................................................................................... 12/01/2011First Serial Maturity Date........................................................................................................................................................................ 6/01/2028 Yield Statistics True Interest Cost (TIC).......................................................................................................................................................................... 3.8691622%Bond Yield for Arbitrage Purposes......................................................................................................................................................... 3.8827760%Average Coupon...................................................................................................................................................................................... 3.9415261%Bond Year Dollars................................................................................................................................................................................... $110,225.00Average Life............................................................................................................................................................................................ 22.045 YearsWeighted Average Maturity.................................................................................................................................................................... 22.045 Years
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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City of Oak Ridge, Tennessee Total Electric System Outstanding Debt Service
(Budget Variable Rates)
Aggregate Debt Service
Date Principal Interest Treasury Rebate Total P+I
06/30/2011 - - - -06/30/2012 1,122,765.00 1,146,910.80 (105,971.24) 2,163,704.5606/30/2013 1,137,769.00 1,091,386.36 (105,971.24) 2,123,184.1206/30/2014 1,227,773.00 1,035,136.76 (105,971.24) 2,156,938.5206/30/2015 1,088,111.00 985,361.98 (105,971.24) 1,967,501.7406/30/2016 1,173,448.00 941,021.98 (105,971.24) 2,008,498.7406/30/2017 1,149,453.00 893,016.82 (105,971.24) 1,936,498.5806/30/2018 1,200,124.00 836,291.44 (105,971.24) 1,930,444.2006/30/2019 1,251,463.00 787,510.86 (105,971.24) 1,933,002.6206/30/2020 1,302,801.00 736,470.02 (105,971.24) 1,933,299.7806/30/2021 1,364,807.00 672,168.98 (105,971.24) 1,931,004.7406/30/2022 1,391,812.00 605,002.66 (105,971.24) 1,890,843.4206/30/2023 1,488,818.00 548,421.12 (105,971.24) 1,931,267.8806/30/2024 1,551,491.00 484,674.32 (105,971.24) 1,930,194.0806/30/2025 1,619,498.00 416,188.46 (105,971.24) 1,929,715.2206/30/2026 567,505.00 343,311.04 (105,971.24) 804,844.8006/30/2027 333,296.00 317,773.32 (105,971.24) 545,098.0806/30/2028 450,000.00 302,775.00 (105,971.24) 646,803.7606/30/2029 450,000.00 275,775.00 (96,521.24) 629,253.7606/30/2030 450,000.00 248,775.00 (87,071.24) 611,703.7606/30/2031 450,000.00 221,775.00 (77,621.24) 594,153.7606/30/2032 450,000.00 194,775.00 (68,171.24) 576,603.7606/30/2033 450,000.00 167,775.00 (58,721.24) 559,053.7606/30/2034 450,000.00 140,775.00 (49,271.24) 541,503.7606/30/2035 450,000.00 113,775.00 (39,821.24) 523,953.7606/30/2036 450,000.00 86,100.00 (30,135.00) 505,965.0006/30/2037 475,000.00 58,425.00 (20,448.74) 512,976.2606/30/2038 475,000.00 29,212.50 (10,224.36) 493,988.14
Total $23,970,934.00 $13,680,584.42 (2,339,517.86) $35,312,000.56
Par Amounts Of Selected Issues TML 2008 -Electric............................................................................................................................................................................ 1,453,296.002009 Refunding Bonds -Electric......................................................................................................................................................... 10,070,000.002009B BAB Bonds -Electric............................................................................................................................................................... 5,000,000.00TML 2006 -Electric............................................................................................................................................................................ 2,457,638.00Elec - 2003 Refunding........................................................................................................................................................................ 4,990,000.00 TOTAL.............................................................................................................................................................................................. 23,970,934.00
Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB
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$1,500,000
$2,000,000
$2,500,000
City of Oak Ridge, TennesseeTotal Combined Outstanding Electric System Debt Service
2009B BAB's
2009 Ref
TML 2008
TML 2006
2003 Ref
$0
$500,000
$1,000,000
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
43
10.0
15.0
20.0
25.0
40%
50%
60%
70%
80%
90%
100%
Bonds Outstanding (in $M
illiCity of Oak Ridge, Tennessee
Electric System ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)
Variable
Fixed
Bonds Outstanding
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037
Variable 16% 17% 17% 17% 17% 17% 18% 18% 19% 19% 20% 21% 19% 15% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Fixed 84% 83% 83% 83% 83% 83% 82% 82% 81% 81% 80% 79% 81% 85% 94% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Bonds Outstanding 22.8 21.7 20.4 19.4 18.2 17.0 15.8 14.6 13.3 11.9 10.5 9.1 7.5 5.9 5.3 5.0 4.6 4.1 3.7 3.2 2.8 2.3 1.9 1.4 1.0 0.5
0.0
5.0
0%
10%
20%
30%
ions)
44