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$4,365,000.00 City of Ramsey, Minnesota
<br />General Obligation Bonds, Series 2011A
<br />FINAL
<br />Derivation Of Form 8038 Yield Statistics
<br />Issuance Issuance
<br />Maturity Value Price PRICE Exponent
<br />09/07/2011 - -
<br />02/01/2013 220,000.00 102.089% 224,595.80 1.4000000x
<br />02/01/2014 265,000.00 103.088% 273,183.20 2.4000000x
<br />02/01/2015 270,000.00 103.334% 279,001.80 3.4000000x
<br />02/01/2016 375,000.00 103.200% 387,000.00 4.4000000x
<br />02/01/2017 345,000.00 102.060% 352,107,00 5.4000000x
<br />02/01/2018 350,000.00 100.900% 353,150.00 6.4000000x
<br />02/01/2019 360,000.00 100.000% 360,000.00 7.4000000x
<br />02/01/2020 365,000.00 100,000% 365,000.00 8.4000000x
<br />02/01/2021 370,000,00 100.000% 370,000.00 9.4000000x
<br />02/01/2022 380,000.00 100.000% 380,000.00 10.4000000x
<br />02/01/2023 90,000.00 100.000% 90,000.00 11.4000000x
<br />02/01/2024 95,000.00 100.000% 95,000.00 12.4000000x
<br />02/01/2025 100,000,00 100,000% 100,000.00 13.4000000x
<br />02/01/2026 100,000.00 100.000% 100,000.00 14,4000000x
<br />02/01/2027 105,000.00 100.000% 105,000.00 15.4000000x
<br />02/01/2028 105,000.00 100.000% 105,000.00 16.4000000x
<br />02/01/2029 110,000.00 100.000% 110,000.00 17.4000000x
<br />02/01/2030 115,000,00 100.000% 115,000.00 18.4000000x
<br />02/01/2031 120,000.00 100,000% 120,000 00 19.4000000x
<br />02/01/2032 125,000.00 100.000% 125,000.00 20.4000000x
<br />Bond Years
<br />314,434.12
<br />655,639.68
<br />948,606.12
<br />1,702,800.00
<br />1,901,377.80
<br />2,260,160.00
<br />2,664,000.00
<br />3,066,000.00
<br />3,478,000.00
<br />3,952,000.00
<br />1,026,000.00
<br />1,178,000.00
<br />1,340,000.00
<br />1,440,000.00
<br />1,617,000,00
<br />1,722,000.00
<br />1,914,000.00
<br />2,116,000.00
<br />2,328,000.00
<br />2,550,000.00
<br />Total $4,365,000.00 $4,409,037.80 $38,174,017.72
<br />IRS Form 8038
<br />Weighted Average Maturity = Bond Years/Issue Price
<br />Total Interest from Debt Service
<br />Accrued Interest from 09/01/2011 to 09/07/2011
<br />Reoffering (Premium) or Discount
<br />Total Interest
<br />NIC = Interest / (Issue Price * Average Maturity)
<br />Bond Yield for Arbitrage Purposes
<br />GO Bonds 2011A FINAL I Issue Summary 1 8/11/2011 14:32 PM
<br />8.658 Years
<br />1,086,054.58
<br />(1,818.08)
<br />(44,037.80)
<br />1,040,198.70
<br />2.7248866%
<br />2.6701816%
<br />
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