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City of Ramsey, Minnesota <br />G.O. Refunding Bonds, Series 1992 <br /> <br /> Current Refunding Summary <br /> <br />Partial Current Refunding of ~ <br />G.O, Improvement Bonds of 1984 <br />Even Annual Savings St~;ucture ~ <br /> I Refunded Call: <br />Refund ng Bond Rat ng: A [1st Callable: <br /> <br /> APPENDIX V <br />Prepared: 12/11/91 <br />By SPRINGSTED Incorporated <br /> <br />02/01192 <br />02/25192 <br />04/01/92 <br />04/01/93 <br /> <br />Refunding Delivery Date Sources / Uses <br />Sources of Funds on: 02/25/92 <br /> <br />Refunding Principal: <br />Accrued Interest: <br />Total Sources of Funds: <br /> <br />300,000.00 <br /> 912.67 <br /> <br />300,912,67 <br /> <br />Uses of Funds on: <br /> <br />Discount @ $11.00 : <br />Acc. Int. & Unused Disc: <br />Refunding Expenses: <br />Investment to Call Date: <br />Total Uses of Funds: <br /> <br />02/25/92 <br /> <br />3,300.00 <br />912.67 <br />4,855.00 <br />291,845.00 <br /> <br />300,912.67 <br /> <br />Refunded Bond Call Date Sources/Uses <br />Sources of Funds on: 04/01/92 <br /> <br />Invest. Proceeds Mature: <br />Inv. Earnings @ 4.40%: <br />Funds from Issuer: <br />Total Sources of Funds: <br /> <br />291,845.00 <br /> 1,284.12 <br />126,870.88 <br /> <br />420,000,00 <br /> <br />Uses of Funds on: <br /> <br />04/01/92 <br /> <br />Refunded Principal: <br />Refunded Call Premium: <br />Excess Proceeds: <br />Total Uses of Funds: <br /> <br />420,000.00 <br /> <br />420,000.00 <br /> <br />Refunded / Refunding Bond Comparison <br />As of: Refunded Refunding <br />02/01/92 Statistics Statistics <br />Principal: 420,000 300,000 <br />Interest: 102,827 32,445 <br />Bond Yrs: 1,100 745 <br />Avg. Mat: 2,619 2.483 <br />NIC: 9.35% 4.80% <br /> <br />Total Net Savings/Present Value Savings <br /> <br />Future Savings: 183,895.00 <br />Less Funds From Issuer: 126,870.88 <br />Plus Accr, Int, to D/S Fund: 912.67 <br />Plus Exc, Proc. to D/S Fund: <br /> <br />Page 12 <br /> <br /> <br />