britt@fis.admin.unt.edu
Schedule B-10d UNIVERSITY OF NORTH TEXAS
BOND DESCRIPTION AND MATURITY SCHEDULE
August 31, 1999
UNAUDITED
CONSOLIDATED UNIVERSITY REVENUE REFUNDING BONDS, SERIES 1997
TOTAL ISSUE: $8,230,000.00 DATED: March 15, 1997
DENOMINATIONS: $ 5,000.00
PAYMENT DATES: Interest - October 15 and April 15
Principal - April 15
REDEMPTION: The bonds are not subject to redemption prior to maturity.
PURPOSE: The proceeds of the Bonds will be used to refund certain of the University's outstanding
Consolidated University Revenue Refunding Bonds, Series 1987.
FINANCING: First lien on and pledge of the Pledged Revenues. Pledged Revenues include:
(1) the Gross Revenues of the University Building System
(2) the gross collections of the General Fee
(3) the gross collections of the Pledged Student Tuition
(4) the gross collections of the Student Union Building Fee
(5) the investment income earned on amounts credited to the Interest and Sinking
Fund, the Reserve Fund and other funds maintained pursuant to the Resolution
(6) any additional revenues, income, receipts or other resources, including, without
limitation, any grants, donations or income received or to be received from any
public or private source, whether pursuant to an agreement or otherwise, which
hereafter may be pledged to the payment of the Bonds or Additional Bonds
AUTHORITY: Art. 717k, Vernon's Tx. Civil Statutes, as amended and Chapter 55, Tx. Ed. Code, as amended
PAYING AGENT: Bank One, Texas, N.A.
DEPOSIT REQUIREMENTS: October 15 and April 15
SAVINGS FROM REFUNDING: The total cash flow net savings in debt service as a result of the refunding
is $691,573 and the economic net gain is $570,810, as calculated by the University's financial advisor.
RESERVE REQUIREMENTS: Interest and Sinking Fund equal to the average annual debt service requirements
on the outstanding bonds - Series 1985, 1994, 1996, and 1997.
Series 1985 Compound Interest Bonds Debt Service Requirements $3,385,401.92
Series 1994 Debt Service Requirements $12,099,990.00
Series 1996 Debt Service Requirements $18,516,705.00
Series 1997 Debt Service Requirements $5,673,600.00
$39,675,696.92 / 16
Schedule D-2A $2,479,731.06
BOND MATURITY SCHEDULE
Fiscal Year Annual Requirements to Retire
Bond Interest Interest Due Interest Due Principal Due
Year Numbers Rate October 15 April 15 April 15 Total
$ $ $ $
1999-2000 4.30% 108,110.00 108,110.00 65,000.00 281,220.00
2000-01 4.50% 106,712.50 106,712.50 70,000.00 283,425.00
2001-02 4.60% 105,137.50 105,137.50 75,000.00 285,275.00
2002-03 4.70% 103,412.50 103,412.50 80,000.00 286,825.00
2003-04 4.75% 101,532.50 101,532.50 2,090,000.00 2,293,065.00
2004-05 4.85% 51,895.00 51,895.00 2,140,000.00 2,243,790.00
TOTALS 576,800.00 576,800.00 4,520,000.00 5,673,600.00
britt@fis.admin.unt.edu |
|
| University of North Texas >> Electronic Reports >> Financial Report |