Interfund Loan Amortization / Repayment Schedule
General Fund Loan to Airport Fund
Loan Amount $1,300,000
Interest Rate 3.929% December 2023 LAIF Rate
Months 60
Payments $23,899.85
Period Beginning Balance Payment Principal Interest Cumulative Principal Cumulative
Interest Ending Balance
7/1/2024 $1,300,000 $23,899.85 $19,643.43 4,256.42 $19,643.43 4,256.42 $1,280,356.57 8/1/2024 $1,280,356.57 $23,899.85 $19,707.75 4,192.10 $39,351.18 8,448.52 $1,260,648.82 9/1/2024 $1,260,648.82 $23,899.85 $19,772.28 4,127.57 $59,123.46 12,576.09 $1,240,876.54 10/1/2024 $1,240,876.54 $23,899.85 $19,837.01 4,062.84 $78,960.47 16,638.93 $1,221,039.53 11/1/2024 $1,221,039.53 $23,899.85 $19,901.96 3,997.89 $98,862.43 20,636.82 $1,201,137.57 12/1/2024 $1,201,137.57 $23,899.85 $19,967.13 3,932.72 $118,829.56 24,569.54 $1,181,170.44 1/1/2025 $1,181,170.44 $23,899.85 $20,032.50 3,867.35 $138,862.06 28,436.89 $1,161,137.94 2/1/2025 $1,161,137.94 $23,899.85 $20,098.09 3,801.76 $158,960.15 32,238.65 $1,141,039.85 3/1/2025 $1,141,039.85 $23,899.85 $20,163.90 3,735.95 $179,124.05 35,974.60 $1,120,875.95 4/1/2025 $1,120,875.95 $23,899.85 $20,229.92 3,669.93 $199,353.97 39,644.53 $1,100,646.03 5/1/2025 $1,100,646.03 $23,899.85 $20,296.15 3,603.70 $219,650.12 43,248.23 $1,080,349.88 6/1/2025 $1,080,349.88 $23,899.85 $20,362.60 3,537.25 $240,012.72 46,785.48 $1,059,987.28 7/1/2025 $1,059,987.28 $23,899.85 $20,429.27 3,470.58 $260,441.99 50,256.06 $1,039,558.01 8/1/2025 $1,039,558.01 $23,899.85 $20,496.16 3,403.69 $280,938.15 53,659.75 $1,019,061.85 9/1/2025 $1,019,061.85 $23,899.85 $20,563.27 3,336.58 $301,501.42 56,996.33 $998,498.58 10/1/2025 $998,498.58 $23,899.85 $20,630.60 3,269.25 $322,132.02 60,265.58 $977,867.98 11/1/2025 $977,867.98 $23,899.85 $20,698.15 3,201.70 $342,830.17 63,467.28 $957,169.83 12/1/2025 $957,169.83 $23,899.85 $20,765.92 3,133.93 $363,596.09 66,601.21 $936,403.91 1/1/2026 $936,403.91 $23,899.85 $20,833.91 3,065.94 $384,430.00 69,667.15 $915,570.00 2/1/2026 $915,570.00 $23,899.85 $20,902.12 2,997.73 $405,332.12 72,664.88 $894,667.88 3/1/2026 $894,667.88 $23,899.85 $20,970.56 2,929.29 $426,302.68 75,594.17 $873,697.32 4/1/2026 $873,697.32 $23,899.85 $21,039.22 2,860.63 $447,341.90 78,454.80 $852,658.10 5/1/2026 $852,658.10 $23,899.85 $21,108.11 2,791.74 $468,450.01 81,246.54 $831,549.99 6/1/2026 $831,549.99 $23,899.85 $21,177.22 2,722.63 $489,627.23 83,969.17 $810,372.77 7/1/2026 $810,372.77 $23,899.85 $21,246.55 2,653.30 $510,873.78 86,622.47 $789,126.22 8/1/2026 $789,126.22 $23,899.85 $21,316.12 2,583.73 $532,189.90 89,206.20 $767,810.10 9/1/2026 $767,810.10 $23,899.85 $21,385.91 2,513.94 $553,575.81 91,720.14 $746,424.19 10/1/2026 $746,424.19 $23,899.85 $21,455.93 2,443.92 $575,031.74 94,164.06 $724,968.26 11/1/2026 $724,968.26 $23,899.85 $21,526.18 2,373.67 $596,557.92 96,537.73 $703,442.08 12/1/2026 $703,442.08 $23,899.85 $21,596.66 2,303.19 $618,154.58 98,840.92 $681,845.42 1/1/2027 $681,845.42 $23,899.85 $21,667.37 2,232.48 $639,821.95 101,073.40 $660,178.05 2/1/2027 $660,178.05 $23,899.85 $21,738.32 2,161.53 $661,560.27 103,234.93 $638,439.73 3/1/2027 $638,439.73 $23,899.85 $21,809.49 2,090.36 $683,369.76 105,325.29 $616,630.24 4/1/2027 $616,630.24 $23,899.85 $21,880.90 2,018.95 $705,250.66 107,344.24 $594,749.34 5/1/2027 $594,749.34 $23,899.85 $21,952.54 1,947.31 $727,203.20 109,291.55 $572,796.80 6/1/2027 $572,796.80 $23,899.85 $22,024.42 1,875.43 $749,227.62 111,166.98 $550,772.38 7/1/2027 $550,772.38 $23,899.85 $22,096.53 1,803.32 $771,324.15 112,970.30 $528,675.85 8/1/2027 $528,675.85 $23,899.85 $22,168.88 1,730.97 $793,493.03 114,701.27 $506,506.97 9/1/2027 $506,506.97 $23,899.85 $22,241.46 1,658.39 $815,734.49 116,359.66 $484,265.51 10/1/2027 $484,265.51 $23,899.85 $22,314.28 1,585.57 $838,048.77 117,945.23 $461,951.23 11/1/2027 $461,951.23 $23,899.85 $22,387.34 1,512.51 $860,436.11 119,457.74 $439,563.89 12/1/2027 $439,563.89 $23,899.85 $22,460.64 1,439.21 $882,896.75 120,896.95 $417,103.25 1/1/2028 $417,103.25 $23,899.85 $22,534.18 1,365.67 $905,430.93 122,262.62 $394,569.07 2/1/2028 $394,569.07 $23,899.85 $22,607.97 1,291.88 $928,038.90 123,554.50 $371,961.10 3/1/2028 $371,961.10 $23,899.85 $22,681.99 1,217.86 $950,720.89 124,772.36 $349,279.11 4/1/2028 $349,279.11 $23,899.85 $22,756.25 1,143.60 $973,477.14 125,915.96 $326,522.86 5/1/2028 $326,522.86 $23,899.85 $22,830.76 1,069.09 $996,307.90 126,985.05 $303,692.10 6/1/2028 $303,692.10 $23,899.85 $22,905.51 994.34 $1,019,213.41 127,979.39 $280,786.59 Period Beginning Balance Payment Principal Interest Cumulative Principal Cumulative
Interest Ending Balance
7/1/2028 $280,786.59 $23,899.85 $22,980.51 919.34 $1,042,193.92 128,898.73 $257,806.08 8/1/2028 $257,806.08 $23,899.85 $23,055.75 844.10 $1,065,249.67 129,742.83 $234,750.33 9/1/2028 $234,750.33 $23,899.85 $23,131.24 768.61 $1,088,380.91 130,511.44 $211,619.09 10/1/2028 $211,619.09 $23,899.85 $23,206.97 692.88 $1,111,587.88 131,204.32 $188,412.12 11/1/2028 $188,412.12 $23,899.85 $23,282.96 616.89 $1,134,870.84 131,821.21 $165,129.16 12/1/2028 $165,129.16 $23,899.85 $23,359.19 540.66 $1,158,230.03 132,361.87 $141,769.97 1/1/2029 $141,769.97 $23,899.85 $23,435.67 464.18 $1,181,665.70 132,826.05 $118,334.30 2/1/2029 $118,334.30 $23,899.85 $23,512.40 387.45 $1,205,178.10 133,213.50 $94,821.90 3/1/2029 $94,821.90 $23,899.85 $23,589.39 310.46 $1,228,767.49 133,523.96 $71,232.51 4/1/2029 $71,232.51 $23,899.85 $23,666.62 233.23 $1,252,434.11 133,757.19 $47,565.89 5/1/2029 $47,565.89 $23,899.85 $23,744.11 155.74 $1,276,178.22 133,912.93 $23,821.78 6/1/2029 $23,821.78 $23,899.85 $23,821.78 77.71 $1,300,000.00 133,990.64 ($0.00)
022024 PW Flight Center Renovation Loan Financing Interfund Loan Schedule
City Council - Successor Agency - Housing Authority
February 20, 2024
- Document
- 022024 PW Flight Center Renovation Loan Financing Interfund Loan Schedule
- Meeting
- February 20, 2024
- Body
- City Council - Successor Agency - Housing Authority
- Original file
- 101 KB
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