Board of Selectmen - 63 (02/09/2022)

TOWN OF WATERFORD
GENERAL FUND
2022-2023 PROPOSED BUDGET
DEPT/AGENCY: 
10139 
DEBT SERVICE
ACTUAL 
2022/2023 | 2022/2023
2020/2021 | 2021/2022 
2021/2022 
EXPEND & 
DEPT/ 
APPROVED | Department | Department
ACTUAL 
RTM 
ADDITIONAL/ | ENCUMB AS | AGENCY | BD/COMM. | Request $ 
Request %
LINE ITEM 
DESCRIPTION 
EXPENDED | APPROP. 
TRANSFERS 
OF 1/1/22 
REQUEST 
(12/8/21) 
Increase 
Increaxe
PRINCIPAL & INTEREST
56025 
OSWEGATCHIE PRINCIPAL 
735,000 
0 
0
56026 
OSWEGATCHIE INTEREST 
9,188 
0 
0
56027 
GREAT NECK BOND PRINCIPAL 
0 
0
56028 
GREAT NECK BOND INTEREST 
0 
0
56029 
HIGH SCHOOL BOND PRINCIPAL 
1,755,000] 
1,755,000 
1,755,000 
(1,755,000) 
-100.00%
56032 
HIGH SCHOOL BOND INTEREST 
348,998 
35,100 
35,100 
(35,100) 
-100.00%
56033 
SCHOOLS ISSUE OF 2014 PRINCIPAL 
750,000 
815,000 
845,000 
845,000 
30,000 
3.68%
56034 
SCHOOLS ISSUE OF 2014 INTEREST 
258,709 
57,950 
28,975 
25,530 
25,530 
(32,420) 
-55.94%
56035 
2014 BOND REFUNDING - PRINCIPAL 
840,000 
835,000 
835,000 
830,000 
830,000 
(5,000) 
-0.60%
56036 
2014 BOND REFUNDING - INTEREST 
240,275 
206,750 
109,638 
180,738 
180,738 
(26,012) 
-12.58%
56037 
2017 BOND REFUNDING - PRINCIPAL 
325,000} 
1,050,000 
1,050,000] 
1,055,000 
1,055,000 
5,000 
0.48%
56038 
2017 BOND REFUNDING - INTEREST 
630,275 
609,650 
312,700 
567,525 
567,525 
(42,125) 
-6.91%
56039 
2019 BOND REFUNDING PRINCIPAL 
655,000 
700,000 
700,000 
715,000 
715,000 
15,000 
2.14%
56040 
2019 BOND REFUNDING INTEREST 
442,469 
375,750 
196,625 
340,375 
340,375 
(35,375) 
-9.41%
56041 
2019 BAN'S MUNI COMP $10M ISSUE 
224,375 
0 
0
56042 
2020 MUNICIPAL COMPLEX - PRINCIPAL 
685,000 
685,000 
685,000 
685,000 
0 
0.00%
56043 
2020 MUNICIPAL COMPLEX - INTEREST 
306,176 
457,975 
237,550 
423,725 
423,725 
(34,250) 
0.00%
56044 
2020 BOND REFUNDING - PRINCIPAL 
1,180,000 
1,180,000 
1,180,000 
0.00%
56045 
2020 BOND REFUNDING - INTEREST 
43,932 
351,458 
175,729 
349,747 
349,747 
(1,711) 
0.00%
DEPARTMENT TOTAL 
7,564,397 | 7,934,633 
0 
6,121,317 | 7,197,640 
7,197,640 
(736,993) 
-9.29%

TOWN OF WATERFORD
FY2023 BUDGET REQUEST
DEBT SERVICE (10139)
BUDGET FUNCTION
The town typically incurs monetary debt in the form of long-term (20 year) bonds used as a
funding source for long-term capital projects. The debt service budget defines the amount of
both principal and interest that the town will pay its creditors (typically bondholders) in a given
fiscal year.
The debt service budget can also be used to manage repayment of shorter-term multi-year
debt. (Note that large capital projects may be funded by any combination 
of long term
borrowing, general fund appropriations, short-term borrowing, grants, special assessments,
special revenue fund appropriation, and donations to fully fund a given project. The debt
service budget addresses borrowed funds.
References:
Charter Section 3.2.3 Capital Plans (First Selectman)
Ordinance 2.04.170 - Budget Preparation and Submission (RTM)
Ordinance 2.04.180 — Appropriations (RTM)
Conn Statutes: C.G.S.A. § 7-369 et seq.

TOWN OF WATERFORD
FY2023 BUDGET REQUEST
DEBT SERVICE (10139)
BUDGET SUMMARY
The FY23 budget request is $736,993 (-9.29%) lower than fiscal year 2022 due to the following
changes:
1. The High School Bond was eliminated as part of the 2020 Bond Refunding.
2. All but one payment of the 2014 Bond Issuance for the schools was eliminated as part of
the 2020 Bond Refunding.
The first payment against principal for the 2020 bond refunding is due in FY22.
EXPENDITURE HISTORY
$7,585,439
$7,564,397
$7,428,542
$7,383,808 
$7,389,902 :
@ FY17 
m FY18 
mi FY19 
m FY20 
mFY21

Issue
2014 High School
2014 Refunding Bond Issue
2017 Refunding Bond Issue
2019 Refunding Bond Issue
2020 Municipal Complex
2020 Refunding Bond Issue
Total Debt Service
-_
Statement of Debt Incurred, Outstanding Interest Maturities
General Government
Date 
Amount 
Outstanding 
Principal 
Interest
of 
Maturity 
of 
Ave. 
as of 
Due 
Due
issue 
Date 
issue 
Coupon 
6/30/2022 
FY-2023 
FY-2023
Mar 2014 
Mar 2034 
$15,930,000 
3.474% 
$845,000 
$845,000 
$25,530
Dec 2014 
Aug. 2026 
$9,440,000 
4.529% 
$4,175,000 
$830,000 
$180,738
Jun 2018 
Aug 2030 
$14,585,000 
4.642% 
$12,365,000 
$1,055,000 
$567,525
Dec 2019 
Aug 2030 
$9,085,000 
4.494% 
$7,730,000 
$715,000 
$340,375
Jul 2020 
Sept 2040 
$13,655,000 
2.260% 
$12,970,000 
$685,000 
$423,725
Dec 2020 
Aug 2033 
$28,890,000 
1.210% 
$28,890,000 
$1,180,000 
$349,747
$91,585,000 
$66,975,000 
$5,310,000 
$1,887,640
$7,197,640

-_(
Town of Waterford
Bonded Debt History
Original Issues
2007 G.O. Bonds — Additions and Renovations to Clark Lane Middle School 
$15,865,000
2009 G.O. Bonds — Additions and Renovations to Quaker Hill Elementary School 
S 8,500,000
2011 G.O. Bonds — Additions and Renovations to Oswegatchie Elementary School 
$14,000,000
2012 G.O. Bonds — Additions and Renovations Great Neck Elementary School 
$15,640,000
2013 G.O. Bonds — Additions and Renovations to Waterford High School 
$33,750,000
2014 G.O. Bonds — Additions and Renovations to Waterford High School 
$13,700,000
Renovations Quaker Hill Elementary 
S 
851,545
Renovations Oswegatchie Elementary 
S 
720,425
Renovations Great Neck Elementary 
S 
658,030
Total 
$15,930,000
2020 G.O. Bonds — Municipal Complex Garage Addition and Renovations 
$13,655,000
Total Bonded 
$15,096,084
Refunding Issues
2014 G.O. Refunding Bonds 
Refunding of G.O. Bonds, Issue 2007 
5 9,440,000
Original 2007 Issue $15,865,000 for Additions and Renovations to Clark Lane Middle School
2017 G.O. Refunding Bonds 
$14,585,000
Refunding of G.O. Bonds, Issue 2009 
S 4,900,000
Refunding of G.O. Bonds, Issue 2011 
S 7,350,000
Refunding of G.O. Bonds, Issue 2013 
S 4,000,000
Total Refunded 
$16,250,000
2019 G.O. Refunding Bonds 
Refunding of G.O. Bonds, Issue 2012 
S 9,085,000
Total Refunded 
$10,375,000
2020 G.O. Refunding Bonds 
Refunding of G.O. Bonds, Issue 2013 
$17,585,000
Refunding of G.O. Bonds, Issue 2014 
$10,115,000
Total Refunded 
$28,890,000

2014 G.O. Bonds
Principal
Interest
2014 G.O. Refunding
Principal
Interest
2017 G.O. Refunding
Principal
Interest
2019 G.O. Refunding
Principal
Interest
Town of 
lerford 
oY
Debt Service
Amorization Schedule
Original Issue Amount FY-2023 
FY-2024 
FY-2025 
FY-2026 
FY-2027 
FY-2028
S 
15,930,000.00
Ss 
845,000.00
$ 
25,530.00
S 
870,530.00 
$ 
- 
S 
- 
S$ 
- 
S$ 
- 
S 
-
S 
9,440,000.00
S 
830,000.00 
$ 
825,000.00 
$ 
835,000.00 
S$ 
840,000.00 
$ 
845,000.00
S 
180,737.50 
S$ 
146,625.00 
$ 
105,125.00 
$ 
63,250.00 
$ 
21,125.00
S 
1,010,737.50 
$ 
971,625.00 
$ 
940,125.00 
S$ 
903,250.00 
$ 
866,125.00 
$ 
-
S 
14,585,000.00
§ 
1,055,000.00 S$ 1,070,000.00 S$ 1,085,000.00 
S$ 1,070,000.00 S$ 2,830,000.00 S$ 2,820,000.00
S 
567,525.00 
$ 
514,400.00 
S 
460,525.00 
$ 
406,650.00 
$ 
309,150.00 
$ 
167,900.00
S$ 
1,622,525.00 
S$ 1,584,400.00 
S$ 1,545,525.00 
S 1,476,650.00 
S$ 3,139,150.00 
$ 2,987,900.00
S 
9,085,000.00
S 
715,000.00 
S$ 
675,000.00 
S$ 
855,000.00 
S$ 
870,000.00 
S$ 
885,000.00 
$ 
905,000.00
S 
340,375.00 
S 
305,625.00 
$ 
267,375.00 
S$ 
224,250.00 
S$ 
180,375.00 
S$ 
135,625.00
S 
1,055,375.00 
S$ 
980,625.00 S$ 1,122,375.00 
S$ 1,094,250.00 
$ 1,065,375.00 
S$ 1,040,625.00

2020 G.O. Bonds
Principal
Interest
2020 G.O. Refunding
Principal
Interest
Original Issue Amount FY-2023
Town of. 
_-terford
Debt Service
Amorization Schedule
FY-2024
FY-2025
FY-2026
FY-2027
FY-2028
$
13,655.00
$
$
685,000.00
423,725.00
$ 
685,000.00
$ 
389,475.00
S$ 
685,000.00
$ 
355,225.00
S 
685,000.00
S$ 
320,975.00
S$ 
685,000.00
S 
286,725.00
S$ 
685,000.00
$ 
252,475.00
$
1,108,725.00
S 1,074,475.00
$ 1,040,225.00
S 1,005,975.00
$ 
971,725.00
$ 
937,475.00
28,890,000.00
1,180,000.00
349,746.50
§ 3,195,000.00
§ 
342,124.75
$ 3,135,000.00
$ 
314,375.00
S 3,180,000.00
$ 
304,375.00
$ 1,150,000.00
S$ 
286,050.50
$ 1,135,000.00
$ 
273,374.75
WU
1,529,746.50
§ 3,537,124.75
S 3,449,375.00
S 3,484,375.00
S 1,436,050.50
$ 1,408,374.75
Principal $
Interest S
5,310,000.00
1,887,639.00
$ 6,450,000.00
S 1,698,249.75
S 6,595,000.00
S 1,502,625.00
$ 6,645,000.00
S 1,319,500.00
$ 6,395,000.00
S 1,083,425.50
$ 5,545,000.00
S$ 
829,374.75
GRAND TOTAL $
7,197,639.00
S 8,148,249.75
S 8,097,625.00
S 7,964,500.00
S 7,478,425.50
S 6,374,374.75

2014 G.O. Bonds
Principal
Interest
2014 G.O. Refunding
Principal
Interest
2017 G.O. Refunding
Principal
Interest
2019 G.O. Refunding
Principal
Interest
Town of ‘terford
Debt Service
Amorization Schedule
FY-2029 
FY-2030 
FY-2031 
FY-2032 
FY-2033 
FY-2034 
Totals
$ 
845,000.00
§ 
25,530.00
S$ 
- 
$ 
- 
$ 
- 
$ 
$ 
$ 
§ 1,741,060.00
§ 4,175,000.00
S 
516,862.50
S$ 
- 
$ 
- 
S 
- 
$ 
S$ 
$ 
S$ 
4,691,862.50
$ 1,070,000.00 
$ 
685,000.00 
$ 
680,000.00 
§ 12,365,000.00
$ 
76,000.00 
$ 
40,900.00 
$ 
13,600.00 
§ 2,556,650.00
§ 1,146,000.00 
$ 
725,900.00 
$ 
693,600.00 
§ 
S 
S 
§ 14,921,650.00
S$ 
915,000.00 
$ 
950,000.00 
$ 
960,000.00 
$ 
7,730,000.00
$ 
94,700.00 
$ 
57,400.00 
$ 
19,200.00 
§ 
1,624,925.00
§ 1,009,700.00 
$ 1,007,400.00 
$ 
979,200.00 
$ 
S 
§ 
§ 9,354,925.00

_>
2020 G.O. Bonds
Principal
Interest
2020 G.O. Refunding
Principal
Interest
FY-2029
FY-2030
;
Town of erford
Debt Service
Amorization Schedule
FY-2031
FY-2032
FY-2033
FY-2034
Totals
$ 
685,000.00
S$ 
218,225.00
S$ 
685,000.00
S$ 
187,400.00
S$ 
685,000.00
S$ 
163,425.00
S 
6,165,000.00
S 
2,597,650.00
S$ 
903,225.00
S$ 
872,400.00
S$ 
848,425.00
S 
8,762,650.00
$ 3,100,000.00
S$ 
243,836.50
$ 3,055,000.00
S 
197,069.75
$ 3,015,000.00
S$ 
147,912.75
$ 2,950,000.00
S 
96,925.00
$ 2,890,000.00
$ 
44,380.00
905,000.00
8,823.75
S$ 28,890,000.00
S 
2,608,994.25
S 3,343,836.50
S 3,252,069.75
S 3,162,912.75
$ 3,046,925.00
S 2,934,380.00
U1
913,823.75
§ 31,498,994.25
$ 5,770,000.00
S$ 
632,761.50
$ 5,375,000.00
S 
482,769.75
$ 5,340,000.00
S 
344,137.75
S 2,950,000.00
$ 
96,925.00
$ 2,890,000.00
S$ 
44,380.00
905,000.00
8,823.75
$ 60,170,000.00
S$ 
9,930,611.75
$ 6,402,761.50
$ 5,857,769.75
S 5,684,137.75
$ 3,046,925.00
$ 2,934,380.00
ea 
hee)
913,823.75
$ 70,100,611.75

90 Avon Meadow Lane
Avon, CT O6001
(T) 860-321-7521
(F) 860-321-7581
American Municipal Tax-Exempt Compliance 
www.amteccorp.com
Town of Waterford (“Issuer” 
Day Pitney, LLP (“Bond Counsel”)
15 Rope Ferry Road 
242 Trumbull Street
Waterford, CT 06385 
Hartford, CT 06103
Hilltop Securities Inc. (“Financial Advisor’’) 
Robert W. Baird & Co., Inc. (“Senior Manager”)
129 Samson Rock Drive, Suite A 
One Harding Road, Suite 207
Madison, CT 06443 
Red Bank, NJ 07701
U.S. Bank National Association
(“Paying/Escrow Agent’)
CityPlace I, 185 Asylum Street, 27" Floor
Hartford, CT 06103
Town of Waterford, Connecticut
General Obligation Refunding Bonds, Series 2020B (Federally Taxable)
The Town of Waterford, Connecticut proposes to issue the above referenced General Obligation Refunding
Bonds, Series 2020B (Federally Taxable) (the “Bonds”). The Bonds are dated December 30, 2020 and will be
issued on December 30, 2020. The Bonds consist of $28,890,000 Serial Bonds.
A portion of the proceeds of the Bonds will be used to purchase United States Treasury Securities — State and
Local Government Series (the “Acquired Obligations”), together with an initial cash deposit, which will be
placed in an irrevocable escrow fund, to be used solely to refund that portion of the Issuer’s General Obligation
Bonds, Issue of 2013 and General Obligation Bonds, Issue of 2014 described below (collectively, the “Refunded
Bonds”).
Principal 
Principal 
Maturities 
Redemption 
Redemption
Series 
Issued 
Dated 
Refunded 
Refunded 
Date 
Price
2013 
$33,750,000 
3/15/13 
$17,585,000 
8/15/22 to 8/15/32 
8/15/21 
100%
2014 
$15,930,000 
3/17/14 
$10,115,000 
- 
3/15/24 to 3/15/34 
3/15/22 
100%
At your request, we have independently calculated, based on information and assumptions as provided to us by
the Financial Advisor, that the receipts from the Acquired Obligations, along with the initial cash deposit, will be
sufficient to pay to and at redemption, the principal and interest on the Refunded Bonds.
At your request, we have independently verified the arithmetical accuracy of the computations based on
schedules provided to us by the Financial Advisor. We have relied solely on the assumptions and information,
as provided to us by the Financial Advisor, and have not made any study or evaluation of them, except as noted
below. We express no opinion on the reasonableness of the assumptions, or the likelihood that the debt service
requirements of the Refunded Bonds will be paid as described in the accompanying exhibits.

General Obligation Bonds, Issue of 2013
Maturity 
Amount 
Interest 
Redemption 
Redemption
Issue 
Dated Date 
Date 
Outstanding _ 
Rate 
Date 
Price
2013 
3/15/2013 
8/15/2022 
$1,755,000 
- 
2.000% 
8/15/2021 
100.00%
2013 
3/15/2013 
8/15/2023 
1,955,000 
2.250 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2024 
1,955,000 
2.250 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2025 
2,000,000 
2.500 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2028 
2,000,000 
3.250 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2029 
2,000,000 
3.000 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2030 
2,000,000 
3.000 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2031 
1,970,000 
3.100 
8/15/2021 
100.00
2013 
3/15/2013 
8/15/2032 
1,950,000 
3.500 
8/15/2021 
100.00
17,585,000
General Obligation Bonds, Issue of 2014
Maturity 
Amount 
Interest 
Redemption 
Redemption
Issue 
Dated Date 
Date 
Outstanding _ 
Rate 
Date 
Price
2014 
3/17/2014 
3/15/2024 
875,000 
3.000 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2025 
875,000 
3.000 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2026 
920,000 
3.000 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2027 
925,000 
3.000 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2028 
925,000 
3.200 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2029 
925,000 
3.250 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2030 
925,000 
3.500 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2031 
925,000 
3.625 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2032 
940,000 
3.750 
3/15/2022 
100.00
2014 
3/17/2014 
3/15/2033 
940,000 
3.875 
3/15/2022 
100.00
2014 
3/17/2014 
= 3/15/2034 
940,000 
3.875 
3/15/2022 
100.00
$10,115,000
Total............... $27,700,000
Upon delivery of the Bonds, a portion of proceeds of the Bonds will be placed in an irrevocable escrow fund (the
“Escrow Deposit Fund”) established with U.S. Bank National Association, as escrow agent (the “Escrow Agent”)
under an Escrow Agreement (the “Escrow Agreement”) dated as of the date of delivery of the Bonds, between the
Escrow Agent and the Town. The Escrow Agent will use such proceeds to purchase a portfolio of non-callable direct
obligations guaranteed by the government of the United States of America, including United States Treasury State
and Local Government Series (“SLGS”) securities, Federal National Mortgage Association (“FNMA”) securities and
any other securities permitted by Section 7-400 of the Connecticut General Statutes, all of which shall not be callable
or prepayable at the option of the issuer of the securities (the “Escrow Securities”), the principal of and interest on
which, when due, will provide amounts sufficient to pay the principal, interest and redemption premium on the
Refunded Bonds to the redemption dates or maturity (the “Escrow Requirements”). All investment income on and
maturing principal of the Escrow Securities held in the Escrow Deposit Fund and needed to pay the principal, interest
and redemption premium on the Refunded Bonds will be irrevocably deposited by the Town for payment of the
Refunded Bonds. The balance of the proceeds of the Bonds will be used to pay costs of issuance and Underwriter’s
discount.

AKO Kelund
Prepared by AMTEC 
(Finance 8.500)
BOND DEBT SERVICE
Town of Waterford, Connecticut
General Obligation Refunding Bonds, Series 2020B (Federally Taxable)
Dated Date 
12/30/2020
Delivery Date 
12/30/2020
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
02/15/2021 
43,932.19 
43,932.19
06/30/2021 
43,932.19
08/15/2021 
175,728.75 
175,728.75
02/15/2022 
175,728.75 
175,728.75
06/30/2022 
351,457.50
08/15/2022 
1,180,000 = 0.290% += 75,728:75 
‘1,355, 728.75
174,017.75, 
174,017.75
06/30/2023 
1,529,746.50
08/15/2023 
3,195,000 
0.370% 
174,017.75 
3,369,017.75
02/15/2024 
168,107.00 
168,107.00
06/30/2024 
3,537,124.75
08/15/2024 
3,135,000 
0.620% 
168,107.00 
3,303,107.00
02/15/2025 
158,388.50 
158,388.50
06/30/2025 
3,461,495.50
08/15/2025 
3,180,000 
0.780% 
158,388.50 
3,338,388.50
02/15/2026 
145,986.50 
145,986.50
06/30/2026 
3,484,375.00
08/15/2026 
1,150,000 
1.030% 
145,986.50 
1,295,986.50
02/15/2027 
140,064.00 
140,064.00
06/30/2027 
1,436,050.50
08/15/2027 
1,135,000 
1.190% 
140,064.00 
1,275,064.00
02/15/2028 
133,310.75 
133,310.75
06/30/2028 
1,408,374.75
08/15/2028 
3,100,000 
1.470% 
133,310.75 
3,233,310.75
02/15/2029 
110,525.75 
110,525.75
06/30/2029 
3,343,836.50
08/15/2029 
3,055,000 
1.570% 
110,525.75 
3,165,525.75
02/15/2030 
86,544.00 
86,544.00
06/30/2030 
3,252,069.75
08/15/2030 
3,015,000 
1.670% 
86,544.00 
3,101,544.00
02/15/2031 
61,368.75 
61,368.75
06/30/2031 
3,162,912.75
08/15/2031 
2,950,000 
1.750% 
61,368.75 
3,011,368.75
02/15/2032 
35,556.25 
35,556.25
06/30/2032 
3,046,925 
.00
08/15/2032 
2,890,000 
1.850% 
35,556;25 
2;925,556.25
02/15/2033 
8,823.75 
8,823.75
06/30/2033 
2,934,380.00
08/15/2033 
905,000 
1.950% 
8,823.75 
913,823.75
06/30/2034 
913,823.75
28,890,000 
3,016,504.44 
31,906,504.44 
31,906,504.44

Prepared by AMTEC 
(Finance 8.500)
C " 
PROOF OF ARBITRAGE YIELD
Town of Waterford, Connecticut
General Obligation Refunding Bonds, Series 2020B (Federally Taxable)
Present Value
to 12/30/2020
Date 
Debt Service 
Total 
@ 1.4572961436%
02/15/2021 
43,932.19 
43,932.19 
43,852.52
08/15/2021 
175,728.75 
175,728.75 
174,141.21
02/15/2022 
175,728.75 
175,728.75 
172,881.51
08/15/2022 
1,355,728.75 
1,355,728.75 
1,324,114.49
02/15/2023 
174,017.75 
174,017.75 
168,730.38
08/15/2023 
3,369,017.75 
3,369,017.75 
3,243,022.95
02/15/2024 
168,107.00 
168,107.00 
160,649.55
08/15/2024 
3,303,107.00 
3,303,107.00 
3,133,742.84
02/15/2025 
158,388.50 
158,388.50 
149,180.26
08/15/2025 
3,338,388.50 
3,338,388.50 
3,121,559.22
02/15/2026 
145,986.50 
145,986.50 
135,517.19
08/15/2026 
1,295,986.50 
1,295,986.50 
1,194,343 
.28
02/15/2027 
140,064.00 
140,064.00 
128,145.16
08/15/2027 
1,275,064.00 
1,275,064.00 
1,158,122.95
02/15/2028 
133,310.75 
133,310.75 
120,208.41
08/15/2028 
3,233,310.75 
3,233,310.75 
2,894,437.11
02/15/2029 
110,525.75 
110,525.75 
98,226.15
08/15/2029 
3,165,525.75 
3,165,525.75 
2,792,907.24
~ 
02/15/2030 
86,544.00 
86,544.00 
75,804.44
C 
08/15/2030 
3,101,544.00 
3,101,544.00 
2,697,010.26
“ 
02/15/2031 
61,368.75 
61,368.75 
52,978.41
08/15/2031 
3,011,368.75 
3,011,368.75 
2,580,848.91
02/15/2032 
35,556.25 
35,556.25 
30,252.52
08/15/2032 
2,925,556.25 
2,925,556.25 
2,471,161.24
02/15/2033 
8,823.75 
8,823.75 
7,399.34
08/15/2033 
913,823.75 
913,823.75 
760,762.44
31,906,504.44 
31,906,504.44 
28,890,000.00
Proceeds Summary
Delivery date 
12/30/2020
Par Value 
28,890,000.00
Target for yield calculation 
28,890,000.00

nee
Savings Summary
u
PV of savings from cash flow
Plus: Refunding funds on hand
Net PV Savings
2,409 402.34
3,869.32
2,413,271.66
Prepared by AMTEC 
(Finance 8.500)
SAVINGS
Town of Waterford, Connecticut
General Obligation Refunding Bonds, Series 2020B (Federally Taxable)
Present Value
Prior 
Refunding 
to 12/30/2020
Date 
Debt Service 
Debt Service 
Savings 
@ 1.4572961%
06/30/2021 
414,456.88 
43,932.19 
370,524.69 
369,646.67
06/30/2022 
828,913.76 
351,457.50 
477,456.26 
471,023.82
06/30/2023 
2,566,363.76 
1,529,746.50 
—1,036,617.26 
1,010,467.74
06/30/2024 
3,601,820.01 
3,537,124.75 
64,695.26 
53,335.62
06/30/2025 
3,531,582.51 
3,461,495.50 
70,087.01 
57,886.39
06/30/2026 
3,548,338.76 
3,484,375.00 
63,963.76 
51,175.07
06/30/2027 
1,500,738.76 
1,436,050.50 
64,688.26 
51,149.35
06/30/2028 
1,472,988.76 
1,408,374.75 
64,614.01 
50,421.74
06/30/2029 
3,410,888.76 
3,343,836.50 
67,052.26 
52,068.28
06/30/2030 
3,318,326.26 
3,252,069.75 
66,256.51 
50,781.93
06/30/2031 
3,225,951.26 
3,162,912.75 
63,038.51 
47,417.71
06/30/2032 
3,116,885.00 
3,046,925.00 
69,960.00 
52,725.55
06/30/2033 
2,996,975.00 
2,934,380.00 
62,595.00 
45,933.17
06/30/2034 
976,425.00 
913,823.75 
62,601.25 
45,369.31
34,510,654.48 
31,906,504.44 
2,604,150.04 
2,409,402.34
23

fo
Hilltopsecurities POC 
Municipal Complex
Ahilltop Holdings Company.
BOND DEBT SERVICE
Town of Waterford, Connecticut
General Obligation Bonds, Series 2020
FINAL NUMBERS
Period
Ending 
Principal 
Coupon 
Interest 
Debt Service
06/30/2021 
306,175.56 
306,175.56
06/30/2022 
685,000 
5.000% 
457,975.00 
1,142,975.00
685,000 
5.000% 
423,725.00 
—‘1,108,725.00
06/30/2024 
685,000 
5.000% 
389,475.00 
1,074,475.00
06/30/2025 
685,000 
5.000% 
355,225.00 
1,040,225.00
06/30/2026 
685,000 
5.000% 
320,975.00 
1,005,975.00
06/30/2027 
685,000 
5.000% 
286,725.00 
971,725.00
06/30/2028 
685,000 
5.000% 
252,475.00 
937,475.00
06/30/2029 
685,000 
5.000% 
218,225.00 
903,225.00
06/30/2030 
685,000 
4.000% 
187,400.00 
872,400.00
06/30/2031 
685,000 
3.000% 
163,425.00 
848,425.00
06/30/2032 
685,000 
3.000% 
142,875.00 
827,875.00
06/30/2033 
680,000 
3.000% 
122,400.00 
802,400.00
06/30/2034 
680,000 
2.000% 
105,400.00 
785,400.00
06/30/2035 
680,000 
2.000% 
91,800.00 
771,800.00
06/30/2036 
680,000 
2.000% 
78,200.00 
758,200.00
06/30/2037 
680,000 
2.000% 
64,600.00 
744,600.00
06/30/2038 
680,000 
2.125% 
50,575.00 
730,575.00
06/30/2039 
680,000 
2.125% 
36,125.00 
716,125.00
06/30/2040 
680,000 
2.125% 
21,675.00 
701,675.00
06/30/2041 
680,000 
2.125% 
7,225.00 
687,225.00
13,655,000 
4,082,675.56 
17,737,675.56
Jul 8, 2020 12:16 pm Prepared by Hilltop Securities Inc. (mjb) 
(Finance 8.500 Waterford, Connecticut:2020-2020_1) Page 4

HilltopSecurities FAP
Alltop Holdings Company. 
| 
M U a | C ipa! Come! CX
C ; 
BOND DEBT SERVICE
7
Town of Waterford, Connecticut
General Obligation Bonds, Series 2020
FINAL NUMBERS
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
03/15/2021 
306,175.56 
306,175.56
06/30/2021 
306,175.56
09/15/2021 
685,000 
5.000% 
237,550.00 
922,550.00
03/15/2022 
220,425.00 
220,425.00
06/30/2022 
1,142,975.00
09/15/2022 
685,000 
5.000% 
220,425.00 
905,425.00
03/15/2023 
203,300.00 
203,300.00
06/30/2023 
1,108,725.00
09/15/2023 
685,000 
5.000% 
203,300.00 
888,300.00
03/15/2024 
186,175.00 
186,175.00
06/30/2024 
1,074,475.00
09/15/2024 
685,000 
5.000% 
186,175.00 
871,175.00
03/15/2025 
169,050.00 
169,050.00
06/30/2025 
1,040,225.00
09/15/2025 
685,000 
5.000% 
169,050.00 
854,050.00
03/15/2026 
151,925.00 
151,925.00
06/30/2026 
1,005,975.00
08/15/2026 
685,000 
5.000% 
151,925.00 
836,925.00
03/15/2027 
134,800.00 
134,800.00
06/30/2027 
971,725.00
09/15/2027 
685,000 
5.000% 
134,800.00 
819,800.00
03/15/2028 
117,675.00 
117,675.00
06/30/2028 
937,475.00
09/15/2028 
685,000 
5.000% 
117,675.00 
802,675.00
03/15/2029 
100,550.00 
100,550.00
06/30/2029 
903,225.00
09/15/2029 
685,000 
4.000% 
100,550.00 
785,550.00
03/15/2030 
86,850.00 
86,850.00
06/30/2030 
872,400.00
RE 
09/15/2030 
685,000 
3.000% 
86,850.00 
771,850.00
03/15/2031 
76,575.00 
76,575.00
06/30/2031 
848,425.00
09/15/2031 
° 
685,000 
3.000% 
76,575.00 
761,575.00
03/15/2032 
66,300.00 
66,300.00
06/30/2032 
827,875.00
09/15/2032 
680,000 
3.000% 
66,300.00 
746,300.00
03/15/2033 
56,100.00 
56,100.00
06/30/2033 
802,400.00
09/15/2033 
680,000 
2.000% 
56,100.00 
736,100.00
03/15/2034 
49,300.00 
49,300.00
06/30/2034 
785,400.00
09/15/2034 
680,000 
2.000% 
49,300.00 
729,300.00
03/15/2035 
42,500.00 
42,500.00
06/30/2035 
771,800.00
09/15/2035 
680,000 
2.000% 
42,500.00 
722,500.00
03/15/2036 
35,700.00 
35,700.00
06/30/2036 
758,200.00
09/15/2036 
680,000 
2.000% 
35,700.00 
715,700.00
03/15/2037 
28,900.00 
28,900.00
06/30/2037 
744,600.00
09/15/2037 
680,000 
2.125% 
28,900.00 
708,900.00
03/15/2038 
21,675.00 
21,675.00
06/30/2038 
730,575.00
09/15/2038 
680,000 
2.125% 
21,675.00 
701,675.00
03/15/2039 
14,450.00 
14,450.00
06/30/2039 
716,125.00
09/15/2039 
680,000 
2.125% 
14,450.00 
694,450.00
03/15/2040 
7,225.00 
7,225.00
06/30/2040 
701,675.00
09/15/2040 
680,000 
2.125% 
7,225.00 
687,225.00
06/30/2041 
687,225.00
13,655,000 
4,082,675.56 
17,737,675.56 
17,737,675.56
Jul 8, 2020 12:16 pm Prepared by Hilltop Securities Inc. (mjb) 
(Finance 8.500 Waterford, Connecticut:2020-2020_1) Page 5

HilltopSecurities A
AHilltop Holdings Company,
Ser
C
Waterford Outstanding Debt Post 2019 Refunding
BOND DEBT SERVICE
Period
Ending 
Principal 
Coupon 
Interest 
Debt Service
06/30/2021 
5,060,000 
ee % 
2,344,3/0.57 
‘7,404,3/0.57
06/30/2022 
5,155,000 
EY 
2,114,113.76 
7,269,113.76
06/30/2023 
5,200,000 
ee % 
1,925,351.26 
7,125,351.26
06/30/2024 
5,400,000 
ee 
OY 
1,738,470.01 
7,138,470.01
06/30/2025 
5,605,000 
*E % 
1,534,607.51 
7,139,607.51
06/30/2026 
5,700,000 
*E % 
1,322,488.76 
7,022,488.76
06/30/2027 
5,485,000 
*e 
1,086,388.76 
6,571,388.76
06/30/2028 
4,650,000 
*E % 
851,513.76 
5,501,513.76
06/30/2029 
4,910,000 
*# 
Y% 
656,588.76 
5,566,588.76
06/30/2030 
4,560,000 
*E 
O% 
491,626.26 
5,051,626.26
06/30/2031 
4,565,000 
ee 
OY 
333,751.26 
4,898,751.26
06/30/2032 
2,910,000 
*e % 
206,885.00 
3,116,885.00
06/30/2033 
2,890,000 
we % 
106,975.00 
2,996,975.00
06/30/2034 
940,000 
3.875% 
36,425.00 
976,425.00
63,030,000 
14,749,555.67 
77,779 ,555.67
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page1

HilltopSecurities BA
AHilltop Hokiings Company.
C ¢ 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
2012 General Obligation Bonds - Post 2019 Refunding
Bond Component
Annual
Period 
Debt 
Debt
Ending 
Principal 
Interest 
Service 
Service
0 
0 
0 
0
Cc
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) 
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 2

HilltopSecurities Se
AHilltop Holdings Company.
Ky 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$9,085,000 General Obligation Bonds, Series 2019
Final Numbers
Bond Component
Perlod 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
08/01/2020 
655,000 
4.000% 
245,844.31 
900,844.31
02/01/2021 
196,625.00 
196,625.00
06/30/2021 
1,097,469.31
08/01/2021 
700,000 
5.000% 
196,625.00 
896,625.00
02/01/2022 
179,125.00 
179,125.00
06/30/2022 
1,075,750.00
08/01/2022 
715,000 
5.000% 
179,125.00 
894,125.00
161,250.00 
161,250.00
06/30/2023 
1,055,375.00
08/01/2023 
675,000 
5.000% 
161,250.00 
836,250.00
02/01/2024 
144,375.00 
144,375.00
06/30/2024 
980,625.00
08/01/2024 
855,000 
5.000% 
144,375.00 
999,375.00
( 
02/01/2025 
123,000.00 
123,000.00
Se 
06/30/2025 
1,122,375.00
08/01/2025 
870,000 
5.000% 
123,000.00 
993,000.00
02/01/2026 
101,250.00 
101,250.00
06/30/2026 
1,094,250.00
08/01/2026 
885,000 
5.000% 
101,250.00 
986,250.00 
.
02/01/2027 
79,125.00 
79,125.00
06/30/2027 
1,065,375.00
08/01/2027 
905,000 
5.000% 
79,125.00 
984,125.00
02/01/2028 
56,500.00 
56,500.00
06/30/2028 
1,040,625.00
08/01/2028 
915,000 
4.000% 
56,500.00 
971,500.00
02/01/2029 
38,200.00 
38,200.00
06/30/2029 
1,009,700.00
08/01/2029 
950,000 
4.000% 
38,200.00 
988,200.00
02/01/2030 
19,200.00 
19,200.00
06/30/2030 
1,007,400.00
08/01/2030 
960,000 
4.000% 
19,200.00 
979,200.00
06/30/2031 
979,200.00
9,085,000 
2,443,144.31 
11,528,144.31 
11,528,144.31
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 7

HilltopSecurities S
AbHititep Holdings Company.
C 7 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
GO Bonds, Issue of 2011 - Post 2017 Refunding
Bond Component
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
08/01/2020 
735,000 
2.500% 
9,187.50 
744,187.50
06/30/2021 
: 
744,187.50
735,000 
9,187.50 
744,187.50 
744,187.50
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) 
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 8

HilltopSecurities Se
AHilltop Holdings Company.
j/ 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$14,585,000 General Obligation Refunding Bonds, Issue of 2017
Bond Component
Annual
Period 
Debt 
Debt
Ending 
Principal 
Coupon 
Interest 
Service 
Service
08/01/2020 
325,000 
3.000% 
317,575 
642,575
02/01/2021 
312,700 
312,700
06/30/2021 
; 
955,275
08/01/2021 
1,050,000 
3.000% 
312,700 
1,362,700
02/01/2022 
296,950 
296,950
06/30/2022 
1,659,650
08/01/2022 
1,055,000 
5.000% 
296,950 
1,351,950
270,575, 
270,575
06/30/2023 
1,622,525
08/01/2023 
1,070,000 
5.000% 
270,575 
1,340,575
02/01/2024 
243,825 
243,825
06/30/2024 
1,584,400
08/01/2024 
1,085,000 
5.000% 
243,825 
1,328,825
( 
02/01/2025 
216,700 
216,700
ey 
06/30/2025 
1,545,525
08/01/2025 
1,070,000 
5.000% 
216,700 
1,286,700
02/01/2026 
189,950 
189,950
06/30/2026 
1,476,650
08/01/2026 
2,830,000 
5.000% 
189,950 
3,019,950
02/01/2027 
119,200 
119,200
06/30/2027 
3,139,150
08/01/2027 
2,820,000 
5.000% 
119,200 
2,939,200
02/01/2028 
48,700 
48,700
06/30/2028 
2,987,900
08/01/2028 
1,070,000 
4.000% 
48,700 
1,118,700
02/01/2029 
27,300 
27,300
06/30/2029 
1,146,000
08/01/2029 
685,000 
4.000% 
27,300 
712,300
02/01/2030 
13,600 
13,600
06/30/2030 
725,900
08/01/2030 
680,000 
4.000% 
13,600 
693,600
06/30/2031 
693,600
13,740,000 
3,796,575 
17,536,575 
17,536,575
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 6

HilltopSecurities SH
AHilltop Holdings Company.
C 4 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$9,440,000 General Obligation Refunding Bonds, Issue of 2014
Bond Component
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
08/15/2020 
840,000 
5.000% 
130,637.50 
970,637.50
02/15/2021 
109,637.50 
109,637.50
06/30/2021 
1,080,275.00
08/15/2021 
835,000 
3.000% 
109,637.50 
944,637.50
02/15/2022 
97,112.50 
97,112.50
06/30/2022 
1,041,750.00
08/15/2022 
830,000 
3.250% 
97,112.50 
927,112.50
83,625.00 
83,625.00
06/30/2023 
: 
1,010,737.50
08/15/2023 
825,000 
5.000% 
83,625.00 
908,625.00
02/15/2024 
63,000.00 
63,000.00
06/30/2024 
971,625.00
08/15/2024 
835,000 
5.000% 
63,000.00 
898,000.00
02/15/2025 
42,125.00 
42,125.00
( 
06/30/2025 
940,125.00
& 
08/15/2025 
840,000 
5.000% 
42,125.00 
882,125.00
02/15/2026 
21,125.00 
21,125.00
06/30/2026 
903,250.00
08/15/2026 
845,000 
5.000% 
21,125.00 
866,125.00
06/30/2027 
866,125.00
5,850,000 
963,887.50 
6,813,887.50 
6,813,887.50
\
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) 
Page 5

HilltopSecurities 
FA
AHiltop Holdings Company.
C 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$15,930,000 General Obligation Bonds, Issue of 2014
Bond Component
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
09/15/2020 
214,734.38 
214,734.38
03/15/2021 
750,000 
4.000% 
214,734.38 
964,734.38
06/30/2021 
1,179,468.76
09/15/2021 
199,734.38 
199,734.38
03/15/2022 
815,000 
4.000% 
199,734.38 
1,014,734.38
06/30/2022 
: 
1,214,468.76
09/15/2022 
183,434.38 
183,434.38
03/15/2023 
845,000 
3.000% 
183,434.38 
1,028,434.38
06/30/2023 
. 
1,211,868.76
09/15/2023 
170,759.38 
170,759.38
03/15/2024 
875,000 
3.000% 
170,759.38 
1,045,759.38
06/30/2024 
1,216,518.76
09/15/2024 
157,634.38 
157,634.38
03/15/2025 
875,000 
3.000% 
157,634.38 
1,032,634.38
- 
06/30/2025 
1,190,268.76
C 
09/15/2025 
144,509.38 
144,509.38
~ 
03/15/2026 
920,000 
3.000% 
144,509.38 
1,064,509.38
06/30/2026 
1,209,018.76
09/15/2026 
130,709.38 
130,709.38 
:
03/15/2027 
925,000 
3.000% 
130,709.38 
1,055,709.38
06/30/2027 
1,186,418.76
09/15/2027 
116,834.38 
116,834.38
03/15/2028 
925,000 
3.200% 
116,834.38 
1,041,834.38
06/30/2028 
1,158,668.76
09/15/2028 
102,034.38 
102,034.38
03/15/2029 
925,000 
3.250% 
102,034.38 
1,027,034.38
06/30/2029 
1,129,068.76
09/15/2029 
87,003.13 
87,003.13
03/15/2030 
925,000 
3.500% 
87,003.13 
1,012,003.13
06/30/2030 
1,099,006.26
09/15/2030 
70,815.63 
70,815.63
03/15/2031 
925,000 
3.625% 
70,815.63 
995,815.63
06/30/2031 
1,066,631.26
09/15/2031 
54,050.00 
54,050.00
03/15/2032 
940,000 
3.750% 
54,050.00 
994,050.00
06/30/2032 
1,048,100.00
09/15/2032 
36,425.00 
36,425.00
03/15/2033 
940,000 
3.875% 
36,425.00 
976,425.00
‘e
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7,015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 3

HilltopSecurities ST
AHilltop Hokilngs Company.
C3 
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$15,930,000 General Obligation Bonds, Issue of 2014
Bond Component
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
06/30/2033 
1,012,850.00
09/15/2033 
18,212.50 
18,212.50
03/15/2034 
940,000 
3.875% 
18,212.50 
958,212.50
06/30/2034 
976,425.00
12,525,000 
3,373,781.36 
15,898,781.36 
15,898,781.36
e
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) 
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 4

HilltopSecurities Se
AdHilitop Holdings Company. 
:
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut 
.
$33,750,000 Genarl Obligation Bonds, Issue of 2013 - Post 2017 Refundin
Serial Component
Period 
Annual
Ending 
Principal 
Coupon 
Interest 
Debt Service 
Debt Service
08/15/2020 
1,755,000 
4.000% 
313,897.50 
2,068,897.50
02/15/2021 
278,797.50 
278,797.50
06/30/2021 
2,347,695.00
08/15/2021 
1,755,000 
4.000% 
278,797.50 
2,033,797.50
02/15/2022 
243,697.50 
243,697.50
06/30/2022 
2,277,495.00
08/15/2022 
1,755,000 
2.000% 
243,697.50 
1,998,697.50
02/15/2023 
226,147.50 
226,147.50
06/30/2023 
2,224,845.00
08/15/2023 
1,955,000 
2.250% 
226,147.50 
2,181,147.50 
‘
02/15/2024 
204,153.75 
204,153.75
06/30/2024 
2,385,301.25
08/15/2024 
1,955,000 
2.250% 
204,153.75 
2,159,153.75
; 
02/15/2025 
182,160.00 
182,160.00
C 
06/30/2025 
. 
2,341,313.75
ees 
08/15/2025 
2,000,000 
2.500% 
182,160.00 
2,182,160.00
02/15/2026 
157,160.00 
157,160.00
06/30/2026 
’ 
2,339,320.00
08/15/2026 
157,160.00 
157,160.00
02/15/2027 
157,160.00 
157,160.00
06/30/2027 
314,320.00
08/15/2027 
157,160.00 
157,160.00
02/15/2028 
157,160.00 
157,160.00
06/30/2028 
314,320.00
08/15/2028 
2,000,000 
3.250% 
157,160.00 
2,157,160.00
02/15/2029 
124,660.00 
124,660.00
06/30/2029 
2,281,820.00
08/15/2029 
2,000,000 
3.000% 
124,660.00 
2,124,660.00
02/15/2030 
94,660.00 
94,660.00
06/30/2030 
2,219,320.00
08/15/2030 
2,000,000 
3.000% 
94,660.00 
2,094,660.00
02/15/2031 
64,660.00 
64,660.00
06/30/2031 
2,159,320.00
08/15/2031 
1,970,000 
3.100% 
64,660.00 
2,034,660.00
02/15/2032 
34,125.00 
34,125.00
06/30/2032 
2,068,785.00
08/15/2032 
1,950,000 
3.500% 
34,125.00 
1,984,125.00
06/30/2033 
1,984,125.00
21,095,000 
4,162,980.00 
25,257,980.00 
25,257,980.00
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc) 
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 9