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City of Ramsey, Minnesota <br />Genera! Obligation Water & Sewer Revenue Bonds of 200! <br /> 20 Year Schedule <br /> <br />PROJECT SUMMARY <br /> <br />Preliminary <br /> <br />Dated 02/01/200I Delivered 02/15/2001 <br /> <br />SOURCES AND USES OF FUNDS - <br /> <br />Par Amount of Bonds ..................................................................................... $6,875,000.00 <br />Accrued Interest from 02/01/2001 to 02/15/2001 .......................................... 13,965.88 <br />TOTAL SOURCES ........................................................................................ $6,888,965.88 <br /> <br />Total Underwriter's Discount (1.600%) ........................................................ 1 I0,000.00 <br />Costs of Issuance ............................................................................................ 32,425.00 <br />Deposit to Debt Service Fund ........................................................................ 13,965.88 <br />Deposit to Capitalized lnterest (CIF) Fund .................................................... 345,156.62 <br />Deposit to Project Construction Fund ............................................................ 6,386,700.00 <br />Rounding Amount .......................................................................................... 718.38 <br />TOTAL USES ................................................................................................ $6,888,965.88 <br /> <br />FLOW OF FUNDS DETAIL <br /> <br />State and Local Government Series (SLGS) rates for .................................... <br /> <br />PROJECT CONSTRUCTION FUND SOLUTION METHOD ..................... Net Funded <br />Total Cost of Investments ............................................................................... $6,386,700.00 <br />TOTAL DRAWS ........................................................................................... $6,386,700.00 <br /> <br />CAPITALIZED INTEREST FUND SOLUTION METHOD ........................ <br />Original Bond Proceeds ....................................................................... : .......... <br />Accrued Interest ............................................................................................. <br />TOTAL DRAWS ........................................................................................... <br /> <br />Net Funded <br />345,156.62 <br /> 13,965.88 <br />$359,122.50 <br /> <br />BOND STATISTICS <br /> <br />Average Life ................................................................................................... 12.467 Years <br />Average Coupon ............................................................................................. 5.4109876% <br /> <br />Net Interest Cost (NIC) ............................................ i ..................................... 5.5393274% <br />Bond Yield for Arbitrage Purposes ................................................................ 5.3732572% <br />True Interest Cost (TIC) ................................................................................. 5.5609052% <br />All Inclusive Cost (AIC) ................................................................................ 5.6170672% <br /> <br />JURAN & MOODY <br /> <br />A Division of Miller Johnson & Kuehn Incorporated <br /> <br />File = RAMSEY.sf-GO REV 20- SINGLE PURPOSE <br /> 9/25/2000 1:41 PM <br /> <br />Page 1 <br /> <br /> <br />