2023 Courtenay Annual Report

The Corporation of the City of Courtenay

Consolidated Schedule of Debenture and Other Long-Term Debt - Schedule 4 Year ended December 31, 2023

Principal Outstanding Dec 31/22

Current Year Borrowing

Actuarial Adjustment/ Princ. Reduct.

Principal Outstanding Dec 31/23

Term Years

Maturity Date

Interest Rate %

Bylaw Number

General Capital Fund 2227 Fifth Street Bridge

15 2023 2.90 25 2029 2.85 20 2025 0.63 25 2030 0.91 20 2026 1.53 20 2026 1.53 15 2024 2.25 15 2025 1.28 15 2027 3.39

39,565 410,558 91,947 299,079 192,307 381,811 534,358 149,072 1,681,687 624,627 3,263,517 7,668,528

- - - - - - - - - - - -

39,565 50,425 29,881 33,633 45,286 89,913 261,940 47,991 313,603 116,481 139,554

-

2304 Lerwick Road Ext. Prop Acquisition 2354 Repaving Program 2355 Lerwick Road Extension 2425 Lerwick Road Construction 2453 Police Property Acquisition 2539 Capital Infrastructure Work 2538 Native Sons Hall Renovation 2680 Lewis Centre Renovation

360,133 62,066 265,446 147,021 291,898 272,418 101,081 1,368,084 508,146 3,123,963 6,500,256

2681 Infrastructure Works - Road Paving 15 2027 3.39

2978 Fifth Street Bridge Rehabilitation

20 2041 2.58

TOTAL GENERAL CAPITAL FUND

1,168,272

Water Capital Fund

Debenture Debt 2424 Water Extension - Lerwick Road

20 2026 1.53

160,256 160,256

- -

37,739 37,739

122,517 122,517

TOTAL WATER CAPITAL FUND

Sewer Capital Fund

Debenture Debt 2305 Sewer Extension 2353 Sewer Extension

25 2029 2.85 25 2030 0.91 20 2026 1.53

307,920 841,696 97,222

- - - - -

37,820 94,655 22,895 100,101 255,471

270,100 747,041 74,327

2423 Sewer Extension - Lerwick Road

2,804,930 4,051,768

2,704,829 3,796,297

2985 Sewer Extension - Greenwood Trunk 25 2045 0.91

TOTAL SEWER CAPITAL FUND

TOTAL ALL CAPITAL FUNDS

11,880,552

-

1,461,482

10,419,070

City of Courtenay | 2023 Annual Report

108