Debt Model Report Sept 30, 2016 Updated Dec 3, 2015City of Schertz, Texas
Debt Model
For Fiscal Year Ending
September 30, 2016
Updated: December 3, 2015
Presented by:
SAMCO Capital Markets, Inc.
Mark McLiney
Andrew Friedman
(210) 832-9760
Debt Model
Fis
c
a
l
Y
e
a
r
G
O
'
s
C
O
'
s
,
S
-
2
0
0
7
C
O
'
s
,
S
-
2
0
0
7
G
O
'
s
G
O
'
s
G
O
'
s
a
n
d
R
e
f
.
G
O
R
e
f
.
G
O
'
s
G
O
R
e
f
.
G
O
B
o
n
d
s
T
a
x
N
o
t
e
T
a
x
N
o
t
e
G
O
R
e
f
N
o
t
e
s
,
S
-
2
0
1
5
T
a
x
N
o
tesGO RefTotal
En
d
i
n
g
9
/
3
0
S-
2
0
0
6
Pu
b
.
W
o
r
k
s
Co
m
m
.
E
q
u
i
p
.
S-2
0
0
7
S-
2
0
0
8
S-
2
0
0
9
S-
2
0
1
0
S-
2
0
1
1
S-
2
0
1
1
-
A
S-
2
0
1
2
S-
2
0
1
3
S-
2
0
1
3
A
S-
2
0
1
4
GF EquipS-2015AS-2015Debt Service
20
1
6
4
0
8
,
0
0
0
$
8
3
,
2
0
8
$
1
0
9
,
2
1
1
$
4
2
4
,
0
3
5
$
7
3
6
,
9
4
7
$
4
5
5
,
5
3
8
$
3
3
0
,
4
2
5
$
5
6
6
,
6
6
3
$
7
2
1
,
6
7
5
$
5
0
4
,
7
2
1
$
1
7
5
,
9
5
0
$
1
6
5
,
2
6
5
$
3
9
4
,
2
7
5
$
3
8
,
7
6
3
$
1
3
5
,
9
9
6
$ 160,369$ 5,411,039$
20
1
7
-
-
-
4
2
7
,
9
4
5
7
3
8
,
3
6
2
4
4
9
,
5
3
8
3
3
2
,
0
2
5
5
6
9
,
7
6
3
7
2
2
,
4
0
4
5
0
1
,
7
5
5
1
7
3
,
9
9
5
1
6
3
,
1
8
5
3
9
2
,
2
7
5
3
8
,
1
5
0
1
5
8
,
7
8
3
552,125 5,220,303
20
1
8
-
-
-
4
2
6
,
3
4
5
7
3
4
,
0
5
4
4
3
8
,
3
6
9
3
2
3
,
4
7
5
5
6
7
,
0
3
8
7
2
2
,
7
8
3
5
0
3
,
0
9
5
1
7
1
,
4
4
5
1
6
6
,
0
7
3
3
8
9
,
7
7
5
3
7
,
5
3
8
1
5
6
,
5
5
0
582,725 5,219,263
20
1
9
-
-
-
4
2
4
,
3
3
9
7
3
8
,
9
2
1
4
4
6
,
5
2
5
3
2
9
,
7
0
0
5
6
8
,
4
6
3
5
5
9
,
7
3
5
5
0
2
,
9
4
5
-
-
3
8
6
,
7
7
5
3
6
,
9
2
5
1
5
9
,
3
1
7
741,225 4,894,868
20
2
0
-
-
-
4
2
6
,
8
2
3
7
3
7
,
8
5
8
4
7
8
,
1
6
3
3
2
9
,
0
0
0
5
6
8
,
8
8
8
5
3
8
,
5
5
1
5
0
4
,
1
7
0
-
-
3
8
3
,
7
7
5
3
6
,
3
1
3
1
5
7
,
0
0
7
741,188 4,901,734
20
2
1
-
-
-
4
2
3
,
7
9
9
7
3
5
,
9
6
9
4
0
9
,
6
2
8
3
2
6
,
4
0
0
5
6
6
,
9
3
8
5
3
7
,
3
6
7
5
0
3
,
3
7
0
-
-
3
8
0
,
7
7
5
4
0
,
7
0
0
1
5
4
,
6
9
7
737,400 4,817,042
20
2
2
-
-
-
4
2
5
,
2
6
7
7
3
8
,
1
5
0
3
7
2
,
5
4
0
-
5
6
7
,
3
5
0
7
0
8
,
9
1
1
5
0
3
,
6
7
6
-
-
1
,
0
1
8
,
0
2
5
-
1
5
7
,
3
8
7
37,050 4,528,356
20
2
3
-
-
-
4
2
6
,
1
2
3
7
3
4
,
4
0
3
3
8
0
,
5
8
1
-
5
6
6
,
2
6
3
6
9
8
,
2
4
2
5
0
5
,
1
2
6
-
-
1
,
0
2
0
,
1
5
0
-
-
37,050 4,367,938
20
2
4
-
-
-
4
2
6
,
3
7
0
7
3
4
,
7
2
6
4
1
2
,
2
9
4
-
5
6
6
,
7
1
3
6
6
7
,
6
8
9
5
0
0
,
9
2
0
-
-
1
,
0
1
9
,
5
2
5
-
-
37,050 4,365,286
20
2
5
-
-
-
4
2
6
,
0
0
5
7
3
8
,
9
1
4
3
8
8
,
2
2
5
-
5
6
8
,
6
0
6
-
5
0
0
,
6
4
5
-
-
1
,
0
2
1
,
0
0
0
-
-
37,050 3,680,445
20
2
6
-
-
-
4
2
5
,
0
3
1
7
3
6
,
9
6
5
3
8
9
,
0
0
0
-
5
6
9
,
4
6
9
-
5
0
4
,
4
3
5
-
-
1
,
0
2
1
,
4
2
5
-
-
37,050 3,683,375
20
2
7
-
-
-
4
2
3
,
4
4
5
7
3
3
,
9
8
5
3
8
9
,
3
2
5
-
5
6
9
,
2
6
3
-
5
0
2
,
2
5
0
-
-
1
,
0
1
8
,
5
7
5
-
-
37,050 3,673,892
20
2
8
-
-
-
-
7
3
4
,
8
6
8
6
8
2
,
4
5
0
-
5
6
7
,
9
5
0
-
5
0
4
,
2
7
5
-
-
1
,
0
2
2
,
1
7
5
-
-
37,050 3,548,768
20
2
9
-
-
-
-
-
5
8
3
,
0
1
3
-
5
6
5
,
4
9
4
-
5
0
0
,
9
2
5
-
-
1
,
0
1
4
,
3
7
5
-
-
37,050 2,700,856
20
3
0
-
-
-
-
-
5
8
2
,
3
0
0
-
5
6
6
,
7
3
8
-
5
0
2
,
2
0
0
-
-
1
,
0
2
2
,
5
8
8
-
-
37,050 2,710,875
20
3
1
-
-
-
-
-
5
8
5
,
0
7
5
-
5
6
6
,
2
5
0
-
5
0
2
,
7
8
5
-
-
-
-
-
1,158,525 2,812,635
20
3
2
-
-
-
-
-
5
8
6
,
2
0
0
-
5
6
9
,
1
2
5
-
5
0
2
,
6
7
3
-
-
-
-
-
- 1,657,998
20
3
3
-
-
-
-
-
5
8
5
,
6
7
5
-
5
6
5
,
8
7
5
-
-
-
-
-
-
-
- 1,151,550
20
3
4
-
-
-
-
-
-
-
5
6
6
,
5
0
0
-
-
-
-
-
-
-
- 566,500
20
3
5
-
-
-
-
-
-
-
5
6
5
,
8
7
5
-
-
-
-
-
-
-
- 565,875
20
3
6
-
-
-
-
-
-
-
5
6
8
,
8
7
5
-
-
-
-
-
-
- - 568,875
To
t
a
l
4
0
8
,
0
0
0
$
8
3
,
2
0
8
$
1
0
9
,
2
1
1
$
5
,
1
0
5
,
5
2
6
$
9
,
5
7
4
,
1
2
0
$
8
,
6
1
4
,
4
3
6
$
1
,
9
7
1
,
0
2
5
$
1
1
,
9
1
8
,
0
9
4
$ 5
,
8
7
7
,
3
5
5
$
8
,
5
4
9
,
9
6
6
$
5
2
1
,
3
9
0
$
4
9
4
,
5
2
3
$
1
1
,
5
0
5
,
4
8
8
$ 228,388
$
1,079,737$ 5,007,006$ 71,047,471$
Fis
c
a
l
Y
e
a
r
C
O
'
s
,
S
-
2
0
0
7
G
O
R
e
f
.
C
O
'
s
G
O
R
e
f
.
T
a
x
N
o
t
e
s
T
o
t
a
l
F
i
s
c
a
l
Y
e
a
r
C
O
'
s
,
S
-
2
0
0
7
G
O
'
s
a
n
d
R
e
f
.
T
o
t
a
l
F
i
s
c
a
l
Y
e
a
r
T
a
x
N
o
t
e
s
En
d
i
n
g
9
/
3
0
To
w
n
C
r
e
e
k
S-
2
0
1
1
S-
2
0
1
3
S-2
0
1
3
S-
2
0
1
5
De
b
t
S
e
r
v
i
c
e
En
d
i
n
g
9
/
3
0
ED
C
P
r
o
j
e
c
t
s
S-
2
0
0
9
De
b
t
S
e
r
v
i
c
e
Ending 9/30S-2015
20
1
6
4
8
6
,
4
2
8
$
3
3
6
,
4
7
5
$
3
7
4
,
5
6
3
$
2
2
3
,
1
8
2
$
2
2
,
6
2
5
$
1
,
4
4
3
,
2
7
2
$
2
0
1
6
1
6
1
,
2
1
6
$
3
6
7
,
1
3
8
$
5
2
8
,
3
5
3
$
2
0
1
6
1
1
6
,
9
8
8
$
20
1
7
4
8
8
,
7
9
6
3
3
0
,
4
7
5
5
0
8
,
3
6
3
2
2
3
,
6
0
2
2
7
,
2
7
5
1
,
5
7
8
,
5
1
1
2
0
1
7
-
3
6
6
,
7
8
8
3
6
6
,
7
8
8
2
0
1
7
1
2
0
,
1
5
0
20
1
8
4
8
5
,
5
6
3
2
4
9
,
4
7
5
5
1
0
,
6
6
3
2
1
8
,
9
5
8
2
6
,
8
3
8
1
,
4
9
1
,
4
9
6
2
0
1
8
-
3
6
0
,
7
6
9
3
6
0
,
7
6
9
2
0
1
8
1
2
3
,
2
2
5
20
1
9
4
8
6
,
9
2
9
2
4
9
,
4
1
3
5
0
7
,
3
1
9
2
2
4
,
1
8
5
2
6
,
4
0
0
1
,
4
9
4
,
2
4
5
2
0
1
9
-
-
-
2
0
1
9
1
2
1
,
2
1
3
20
2
0
4
8
7
,
6
9
4
2
4
8
,
6
6
3
5
0
7
,
8
1
3
2
1
9
,
2
8
3
2
5
,
9
6
3
1
,
4
8
9
,
4
1
4
2
0
2
0
-
-
-
2
0
2
0
1
2
4
,
2
0
0
20
2
1
4
8
7
,
8
5
7
2
4
7
,
2
0
0
5
0
6
,
5
2
5
2
2
4
,
2
5
2
3
0
,
5
2
5
1
,
4
9
6
,
3
5
9
2
0
2
1
-
-
-
2
0
2
1
1
2
2
,
1
0
0
20
2
2
4
8
7
,
4
1
8
-
2
3
7
,
9
7
5
2
2
4
,
0
2
8
-
9
4
9
,
4
2
1
2
0
2
2
-
-
-
T
o
t
a
l
7
2
7
,
8
7
5
$
20
2
3
4
9
1
,
3
7
8
-
2
3
8
,
2
5
0
2
1
8
,
7
3
9
-
9
4
8
,
3
6
7
2
0
2
3
-
-
-
20
2
4
4
8
9
,
5
3
6
-
2
3
7
,
9
6
3
2
2
3
,
3
2
1
-
9
5
0
,
8
1
9
2
0
2
4
-
-
-
20
2
5
4
9
2
,
0
9
3
-
2
3
7
,
1
0
0
2
1
7
,
7
7
4
-
9
4
6
,
9
6
6
2
0
2
5
-
-
-
Fiscal YearTax Notes
20
2
6
4
8
8
,
8
4
7
-
2
3
6
,
0
6
3
-
-
7
2
4
,
9
1
0
2
0
2
6
-
-
-
Ending 9/30S-2015
20
2
7
-
-
2
3
9
,
3
0
0
-
-
2
3
9
,
3
0
0
2
0
2
7
-
-
-
2
0
1
6
1
6
9
,
0
8
8
20
2
8
-
-
2
3
6
,
8
0
0
-
-
2
3
6
,
8
0
0
2
0
2
8
-
-
-
2
0
1
7
1
7
1
,
3
7
5
20
2
9
-
-
2
3
9
,
0
0
0
-
-
2
3
9
,
0
0
0
2
0
2
9
-
-
-
2
0
1
8
1
6
8
,
5
7
5
20
3
0
-
-
2
3
5
,
9
0
0
-
-
2
3
5
,
9
0
0
2
0
3
0
-
-
-
2
0
1
9
1
7
0
,
7
7
5
20
3
1
-
-
2
3
7
,
5
0
0
-
-
2
3
7
,
5
0
0
2
0
3
1
-
-
-
2
0
2
0
1
6
7
,
8
8
8
20
3
2
-
-
2
3
8
,
7
0
0
-
-
2
3
8
,
7
0
0
2
0
3
2
-
-
-
2
0
2
1
-
20
3
3
-
-
2
3
4
,
6
0
0
-
-
2
3
4
,
6
0
0
2
0
3
3
-
-
-
Total847,700$
To
t
a
l
5
,
3
7
2
,
5
3
7
$
1
,
6
6
1
,
7
0
0
$
5
,
7
6
4
,
3
9
4
$
2
,
2
1
7
,
3
2
2
$
1
5
9
,
6
2
5
$
1
5
,
1
7
5
,
5
7
7
$
T
o
t
a
l
1
6
1
,
2
1
6
$
1
,
0
9
4
,
6
9
4
$
1
,
2
5
5
,
9
0
9
$
Ut
i
l
i
t
y
S
y
s
t
e
m
S
u
p
p
o
r
t
e
d
D
e
b
t
O
b
l
i
g
a
t
i
o
n
s
Drainage Fund
Sa
l
e
s
T
a
x
S
u
p
p
o
r
t
e
d
D
e
b
t
O
b
l
i
g
a
t
i
o
n
s
EMS Fund
Fo
r
F
i
s
c
a
l
Y
e
a
r
E
n
d
i
n
g
S
e
p
t
e
m
b
e
r
3
0
,
2
0
1
6
De
b
t
M
o
d
e
l
Ci
t
y
o
f
S
c
h
e
r
t
z
,
T
e
x
a
s
Ge
n
e
r
a
l
F
u
n
d
D
e
b
t
O
b
l
i
g
a
t
i
o
n
s
Fi
s
c
a
l
Y
e
a
r
Re
v
B
o
n
d
s
R
e
v
B
o
n
d
s
R
e
f
B
o
n
d
s
R
e
v
&
R
e
f
B
o
n
d
s
T
o
t
a
l
S
c
h
e
r
t
z
D
e
b
t
F
i
s
c
a
l
Y
e
a
r
En
d
i
n
g
9
/
3
0
S-
2
0
0
1
S-
2
0
1
0
S-
2
0
1
4
S-
2
0
1
5
De
b
t
S
e
r
v
i
c
e
Pa
y
m
e
n
t
Ending 9/30S-2012
20
1
6
5
2
0
,
0
0
0
1
,
3
9
1
,
8
1
3
6
5
9
,
6
2
5
2
,
4
4
8
,
0
0
0
5
,
0
1
9
,
4
3
8
2
,
5
0
9
,
7
1
9
2
0
1
6
1
,
5
1
2
,
0
8
8
20
1
7
5
2
0
,
0
0
0
1
,
3
8
7
,
4
1
3
6
6
4
,
3
7
5
2
,
4
3
5
,
5
5
0
5
,
0
0
7
,
3
3
8
2
,
5
0
3
,
6
6
9
2
0
1
7
1
,
5
1
0
,
1
8
8
20
1
8
5
2
0
,
0
0
0
1
,
3
9
1
,
3
0
0
6
6
3
,
8
7
5
2
,
4
4
4
,
1
0
0
5
,
0
1
9
,
2
7
5
2
,
5
0
9
,
6
3
8
2
0
1
8
1
,
5
1
1
,
7
8
8
20
1
9
5
2
0
,
0
0
0
1
,
3
8
8
,
3
6
3
6
6
3
,
1
7
5
2
,
4
3
6
,
9
7
5
5
,
0
0
8
,
5
1
3
2
,
5
0
4
,
2
5
6
2
0
1
9
1
,
5
1
1
,
4
8
8
20
2
0
5
2
0
,
0
0
0
1
,
3
8
9
,
8
1
3
6
6
4
,
4
5
0
2
,
4
4
4
,
1
7
5
5
,
0
1
8
,
4
3
8
2
,
5
0
9
,
2
1
9
2
0
2
0
1
,
5
1
0
,
1
8
8
20
2
1
5
2
0
,
0
0
0
1
,
3
8
9
,
1
6
3
6
6
2
,
5
7
5
2
,
4
2
6
,
8
5
0
4
,
9
9
8
,
5
8
8
2
,
4
9
9
,
2
9
4
2
0
2
1
1
,
5
1
2
,
7
8
8
20
2
2
5
2
0
,
0
0
0
1
,
3
9
1
,
2
6
3
6
6
5
,
1
7
5
2
,
4
3
4
,
6
5
0
5
,
0
1
1
,
0
8
8
2
,
5
0
5
,
5
4
4
2
0
2
2
1
,
5
0
9
,
2
8
8
20
2
3
5
2
0
,
0
0
0
1
,
3
9
2
,
3
6
3
6
6
5
,
6
5
0
2
,
4
3
5
,
9
5
0
5
,
0
1
3
,
9
6
3
2
,
5
0
6
,
9
8
1
2
0
2
3
1
,
5
0
9
,
6
8
8
20
2
4
5
2
0
,
0
0
0
1
,
3
8
7
,
5
6
3
6
6
3
,
9
5
0
2
,
4
3
6
,
2
5
0
5
,
0
0
7
,
7
6
3
2
,
5
0
3
,
8
8
1
2
0
2
4
1
,
5
0
8
,
8
8
8
20
2
5
5
2
0
,
0
0
0
1
,
3
9
1
,
7
6
3
6
6
6
,
4
6
3
2
,
4
3
5
,
1
2
5
5
,
0
1
3
,
3
5
0
2
,
5
0
6
,
6
7
5
2
0
2
5
1
,
5
1
0
,
9
6
3
20
2
6
5
2
0
,
0
0
0
1
,
3
8
9
,
4
3
4
-
3
,
2
2
6
,
3
7
5
5
,
1
3
5
,
8
0
9
2
,
5
6
7
,
9
0
5
2
0
2
6
1
,
5
1
1
,
1
3
8
20
2
7
5
2
0
,
0
0
0
1
,
3
9
0
,
1
1
3
-
3
,
2
1
4
,
1
2
5
5
,
1
2
4
,
2
3
8
2
,
5
6
2
,
1
1
9
2
0
2
7
1
,
5
1
0
,
0
2
2
20
2
8
5
2
0
,
0
0
0
1
,
3
8
9
,
0
8
8
-
3
,
2
2
2
,
2
5
0
5
,
1
3
1
,
3
3
8
2
,
5
6
5
,
6
6
9
2
0
2
8
1
,
5
1
0
,
2
8
4
20
2
9
5
2
0
,
0
0
0
1
,
3
9
1
,
6
8
1
-
3
,
2
2
0
,
2
5
0
5
,
1
3
1
,
9
3
1
2
,
5
6
5
,
9
6
6
2
0
2
9
1
,
5
1
2
,
2
0
6
20
3
0
5
2
0
,
0
0
0
1
,
3
9
1
,
7
6
9
-
3
,
2
1
3
,
2
5
0
5
,
1
2
5
,
0
1
9
2
,
5
6
2
,
5
0
9
2
0
3
0
1
,
5
1
2
,
8
5
9
20
3
1
2
,
2
6
8
,
3
3
0
1
,
3
8
9
,
3
0
6
-
1
,
4
7
5
,
5
0
0
5
,
1
3
3
,
1
3
6
2
,
5
6
6
,
5
6
8
2
0
3
1
1
,
5
1
2
,
2
4
4
20
3
2
2
,
2
7
2
,
3
9
0
1
,
3
9
0
,
1
5
6
-
1
,
4
7
8
,
7
5
0
5
,
1
4
1
,
2
9
6
2
,
5
7
0
,
6
4
8
2
0
3
2
1
,
5
1
0
,
3
5
9
20
3
3
2
,
2
7
1
,
2
5
0
1
,
3
8
8
,
6
2
5
-
1
,
4
8
0
,
5
0
0
5
,
1
4
0
,
3
7
5
2
,
5
7
0
,
1
8
8
2
0
3
3
1
,
5
1
0
,
1
0
0
20
3
4
2
,
2
6
9
,
7
8
0
1
,
3
8
9
,
5
7
2
-
1
,
4
8
3
,
8
0
0
5
,
1
4
3
,
1
5
2
2
,
5
7
1
,
5
7
6
2
0
3
4
1
,
5
1
1
,
2
0
0
20
3
5
2
,
2
7
2
,
5
9
0
1
,
3
8
8
,
4
3
8
-
1
,
4
7
9
,
0
0
0
5
,
1
4
0
,
0
2
8
2
,
5
7
0
,
0
1
4
2
0
3
5
1
,
5
1
0
,
5
0
0
20
3
6
-
1
,
3
8
9
,
4
3
8
-
3
,
7
3
7
,
2
0
0
5
,
1
2
6
,
6
3
8
2
,
5
6
3
,
3
1
9
2
0
3
6
1
,
5
0
8
,
0
0
0
20
3
7
-
1
,
3
9
2
,
3
0
6
-
3
,
7
4
1
,
3
0
0
5
,
1
3
3
,
6
0
6
2
,
5
6
6
,
8
0
3
2
0
3
7
1
,
5
0
8
,
6
0
0
20
3
8
-
1
,
3
8
7
,
6
8
1
-
3
,
7
5
0
,
2
0
0
5
,
1
3
7
,
8
8
1
2
,
5
6
8
,
9
4
1
2
0
3
8
1
,
5
1
2
,
1
0
0
20
3
9
-
1
,
3
9
0
,
4
4
4
-
3
,
7
4
3
,
9
0
0
5
,
1
3
4
,
3
4
4
2
,
5
6
7
,
1
7
2
2
0
3
9
1
,
5
0
8
,
5
0
0
20
4
0
-
1
,
3
9
0
,
3
5
6
-
3
,
7
4
2
,
4
0
0
5
,
1
3
2
,
7
5
6
2
,
5
6
6
,
3
7
8
2
0
4
0
1
,
5
1
2
,
7
0
0
20
4
1
-
1
,
3
9
2
,
3
0
0
-
3
,
7
4
0
,
4
0
0
5
,
1
3
2
,
7
0
0
2
,
5
6
6
,
3
5
0
2
0
4
1
1
,
5
0
9
,
6
0
0
-
-
-
4
2
5
,
3
0
0
4
2
5
,
3
0
0
2
1
2
,
6
5
0
2
0
4
2
-
-
-
-
4
2
4
,
6
0
0
4
2
4
,
6
0
0
2
1
2
,
3
0
0
2
0
4
3
-
-
-
-
4
2
3
,
3
0
0
4
2
3
,
3
0
0
2
1
1
,
6
5
0
2044-
To
t
a
l
1
9
,
1
5
4
,
3
4
0
$
3
6
,
1
4
1
,
5
1
9
$
6
,
6
3
9
,
3
1
3
$
7
1
,
6
0
0
,
0
2
5
$
1
3
3
,
5
3
5
,
1
9
6
$
6
6
,
7
6
7
,
5
9
8
$
Total39,277,763$
Th
e
S
c
h
e
r
t
z
/
S
e
g
u
i
n
L
o
c
a
l
G
o
v
e
r
n
m
e
n
t
C
o
r
p
o
r
a
t
i
o
n
S
S
L
G
C
-
S
A
W
S
P
R
O
J
E
C
T
Fi
s
c
a
l
Y
e
a
r
Co
n
t
r
a
c
t
R
e
v
e
n
u
e
B
o
n
d
s
,
S
e
r
i
e
s
2
0
1
4
En
d
i
n
g
9
/
3
0
(S
o
u
t
h
e
r
n
T
r
e
a
t
m
e
n
t
P
l
a
n
t
P
r
o
j
e
c
t
)
20
1
6
4
1
1
,
1
5
0
20
1
7
4
1
3
,
2
5
0
20
1
8
4
1
0
,
2
5
0
20
1
9
4
1
2
,
2
5
0
20
2
0
4
1
4
,
1
5
0
20
2
1
4
1
0
,
9
5
0
20
2
2
4
1
2
,
7
5
0
20
2
3
4
1
2
,
8
0
0
20
2
4
4
1
2
,
7
0
0
20
2
5
4
1
2
,
4
5
0
20
2
6
4
1
0
,
2
5
0
20
2
7
4
1
2
,
8
5
0
20
2
8
4
1
0
,
0
5
0
20
2
9
4
1
2
,
0
5
0
20
3
0
4
1
3
,
6
5
0
20
3
1
4
0
9
,
8
5
0
20
3
2
4
1
0
,
8
5
0
20
3
3
4
1
1
,
4
5
0
20
3
4
4
1
1
,
6
5
0
20
3
5
4
1
1
,
4
5
0
20
3
6
4
1
3
,
2
0
0
20
3
7
4
1
4
,
2
0
0
20
3
8
4
0
9
,
4
5
0
20
3
9
4
0
9
,
2
0
0
20
4
0
4
1
3
,
2
0
0
20
4
1
4
0
9
,
6
0
0
20
4
2
4
1
0
,
6
0
0
20
4
3
4
1
1
,
0
0
0
20
4
4
4
1
0
,
8
0
0
To
t
a
l
1
1
,
9
3
8
,
0
5
0
$
Ci
b
o
l
o
C
r
e
e
k
M
u
n
i
c
i
p
a
l
A
u
t
h
o
r
i
t
y
Debt Service Schedules
Nov 18, 2015 3:38 pm Prepared by SAMCO Capital Markets (TSJ) Page 1
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2006
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
02/01/2016400,0004.000%8,000408,000
09/30/2016408,000
400,0008,000408,000408,000
Nov 17, 2015 4:37 pm Prepared by SAMCO Capital Markets (TSJ) Page 2
BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2007
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 92,530.7592,530.75
08/01/2016655,0004.010%92,530.75747,530.75
09/30/2016 840,061.50
02/01/2017 79,398.0079,398.00
08/01/2017330,0004.010%79,398.00409,398.00
09/30/2017 488,796.00
02/01/2018 72,781.5072,781.50
08/01/2018340,0004.010%72,781.50412,781.50
09/30/2018 485,563.00
02/01/2019 65,964.5065,964.50
08/01/2019355,0004.010%65,964.50420,964.50
09/30/2019 486,929.00
02/01/2020 58,846.7558,846.75
08/01/2020370,0004.010%58,846.75428,846.75
09/30/2020 487,693.50
02/01/2021 51,428.2551,428.25
08/01/2021385,0004.010%51,428.25436,428.25
09/30/2021 487,856.50
02/01/2022 43,709.0043,709.00
08/01/2022400,0004.010%43,709.00443,709.00
09/30/2022 487,418.00
02/01/2023 35,689.0035,689.00
08/01/2023420,0004.010%35,689.00455,689.00
09/30/2023 491,378.00
02/01/2024 27,268.0027,268.00
08/01/2024435,0004.010%27,268.00462,268.00
09/30/2024 489,536.00
02/01/2025 18,546.2518,546.25
08/01/2025455,0004.010%18,546.25473,546.25
09/30/2025 492,092.50
02/01/2026 9,423.509,423.50
08/01/2026470,0004.010%9,423.50479,423.50
09/30/2026 488,847.00
4,615,000 1,111,171.005,726,171.005,726,171.00
Nov 17, 2015 4:37 pm Prepared by SAMCO Capital Markets (TSJ) Page 3
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2007
Town Creek
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 85,713.7585,713.75
08/01/2016315,0004.010%85,713.75400,713.75
09/30/2016 486,427.50
02/01/2017 79,398.0079,398.00
08/01/2017330,0004.010%79,398.00409,398.00
09/30/2017 488,796.00
02/01/2018 72,781.5072,781.50
08/01/2018340,0004.010%72,781.50412,781.50
09/30/2018 485,563.00
02/01/2019 65,964.5065,964.50
08/01/2019355,0004.010%65,964.50420,964.50
09/30/2019 486,929.00
02/01/2020 58,846.7558,846.75
08/01/2020370,0004.010%58,846.75428,846.75
09/30/2020 487,693.50
02/01/2021 51,428.2551,428.25
08/01/2021385,0004.010%51,428.25436,428.25
09/30/2021 487,856.50
02/01/2022 43,709.0043,709.00
08/01/2022400,0004.010%43,709.00443,709.00
09/30/2022 487,418.00
02/01/2023 35,689.0035,689.00
08/01/2023420,0004.010%35,689.00455,689.00
09/30/2023 491,378.00
02/01/2024 27,268.0027,268.00
08/01/2024435,0004.010%27,268.00462,268.00
09/30/2024 489,536.00
02/01/2025 18,546.2518,546.25
08/01/2025455,0004.010%18,546.25473,546.25
09/30/2025 492,092.50
02/01/2026 9,423.509,423.50
08/01/2026470,0004.010%9,423.50479,423.50
09/30/2026 488,847.00
4,275,000 1,097,537.005,372,537.005,372,537.00
Nov 17, 2015 4:37 pm Prepared by SAMCO Capital Markets (TSJ) Page 4
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2007
Public Works Equipment
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
02/01/2016 1,6041,604
08/01/201680,0004.010%1,60481,604
09/30/2016 83,208
80,000 3,20883,20883,208
Nov 17, 2015 4:37 pm Prepared by SAMCO Capital Markets (TSJ) Page 5
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2007
Communication Equipment
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 2,105.252,105.25
08/01/2016105,0004.010%2,105.25107,105.25
09/30/2016 109,210.50
105,000 4,210.50109,210.50109,210.50
Nov 17, 2015 4:37 pm Prepared by SAMCO Capital Markets (TSJ) Page 6
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2007
EDC Projects
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 3,107.753,107.75
08/01/2016155,0004.010%3,107.75158,107.75
09/30/2016 161,215.50
155,000 6,215.50161,215.50161,215.50
Nov 17, 2015 4:41 pm Prepared by SAMCO Capital Markets (TSJ) Page 7
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2007
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016265,0004.070%82,214.00347,214.00
08/01/201676,821.2576,821.25
09/30/2016 424,035.25
02/01/2017280,0004.070%76,821.25356,821.25
08/01/201771,123.2571,123.25
09/30/2017 427,944.50
02/01/2018290,0004.070%71,123.25361,123.25
08/01/201865,221.7565,221.75
09/30/2018 426,345.00
02/01/2019300,0004.070%65,221.75365,221.75
08/01/201959,116.7559,116.75
09/30/2019 424,338.50
02/01/2020315,0004.070%59,116.75374,116.75
08/01/202052,706.5052,706.50
09/30/2020 426,823.25
02/01/2021325,0004.070%52,706.50377,706.50
08/01/202146,092.7546,092.75
09/30/2021 423,799.25
02/01/2022340,0004.070%46,092.75386,092.75
08/01/202239,173.7539,173.75
09/30/2022 425,266.50
02/01/2023355,0004.070%39,173.75394,173.75
08/01/202331,949.5031,949.50
09/30/2023 426,123.25
02/01/2024370,0004.070%31,949.50401,949.50
08/01/202424,420.0024,420.00
09/30/2024 426,369.50
02/01/2025385,0004.070%24,420.00409,420.00
08/01/202516,585.2516,585.25
09/30/2025 426,005.25
02/01/2026400,0004.070%16,585.25416,585.25
08/01/20268,445.258,445.25
09/30/2026 425,030.50
02/01/2027415,0004.070%8,445.25423,445.25
09/30/2027 423,445.25
4,040,000 1,065,526.005,105,526.005,105,526.00
Nov 17, 2015 4:07 pm Prepared by SAMCO Capital Markets (TSJ) Page 8
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2008
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016440,0004.130%153,016.50593,016.50
08/01/2016143,930.50143,930.50
09/30/2016 736,947.00
02/01/2017460,0004.130%143,930.50603,930.50
08/01/2017134,431.50134,431.50
09/30/2017 738,362.00
02/01/2018475,0004.130%134,431.50609,431.50
08/01/2018124,622.75124,622.75
09/30/2018 734,054.25
02/01/2019500,0004.130%124,622.75624,622.75
08/01/2019114,297.75114,297.75
09/30/2019 738,920.50
02/01/2020520,0004.130%114,297.75634,297.75
08/01/2020103,559.75103,559.75
09/30/2020 737,857.50
02/01/2021540,0004.130%103,559.75643,559.75
08/01/202192,408.7592,408.75
09/30/2021 735,968.50
02/01/2022565,0004.130%92,408.75657,408.75
08/01/202280,741.5080,741.50
09/30/2022 738,150.25
02/01/2023585,0004.130%80,741.50665,741.50
08/01/202368,661.2568,661.25
09/30/2023 734,402.75
02/01/2024610,0004.130%68,661.25678,661.25
08/01/202456,064.7556,064.75
09/30/2024 734,726.00
02/01/2025640,0004.130%56,064.75696,064.75
08/01/202542,848.7542,848.75
09/30/2025 738,913.50
02/01/2026665,0004.130%42,848.75707,848.75
08/01/202629,116.5029,116.50
09/30/2026 736,965.25
02/01/2027690,0004.130%29,116.50719,116.50
08/01/202714,868.0014,868.00
09/30/2027 733,984.50
02/01/2028720,0004.130%14,868.00734,868.00
09/30/2028 734,868.00
7,410,000 2,164,120.009,574,120.009,574,120.00
Nov 17, 2015 4:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 9
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation and Refunding Bonds, Series 2009
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016540,0003.000%145,387.50685,387.50
08/01/2016137,287.50137,287.50
09/30/2016 822,675.00
02/01/2017550,0003.000%137,287.50687,287.50
08/01/2017129,037.50129,037.50
09/30/2017 816,325.00
02/01/2018550,0003.250%129,037.50679,037.50
08/01/2018120,100.00120,100.00
09/30/2018 799,137.50
02/01/2019210,0003.500%120,100.00330,100.00
08/01/2019116,425.00116,425.00
09/30/2019 446,525.00
02/01/2020250,0003.750%116,425.00366,425.00
08/01/2020111,737.50111,737.50
09/30/2020 478,162.50
02/01/2021190,0004.050%111,737.50301,737.50
08/01/2021107,890.00107,890.00
09/30/2021 409,627.50
02/01/2022160,0004.050%107,890.00267,890.00
08/01/2022104,650.00104,650.00
09/30/2022 372,540.00
02/01/2023175,0004.250%104,650.00279,650.00
08/01/2023100,931.25100,931.25
09/30/2023 380,581.25
02/01/2024215,0004.250%100,931.25315,931.25
08/01/202496,362.5096,362.50
09/30/2024 412,293.75
02/01/2025200,0004.500%96,362.50296,362.50
08/01/202591,862.5091,862.50
09/30/2025 388,225.00
02/01/2026210,0004.500%91,862.50301,862.50
08/01/202687,137.5087,137.50
09/30/2026 389,000.00
02/01/2027220,0004.500%87,137.50307,137.50
08/01/202782,187.5082,187.50
09/30/2027 389,325.00
02/01/2028530,0004.500%82,187.50612,187.50
08/01/202870,262.5070,262.50
09/30/2028 682,450.00
02/01/2029455,0005.500%70,262.50525,262.50
08/01/202957,750.0057,750.00
09/30/2029 583,012.50
02/01/2030480,0005.500%57,750.00537,750.00
08/01/203044,550.0044,550.00
09/30/2030 582,300.00
02/01/2031510,0005.500%44,550.00554,550.00
08/01/203130,525.0030,525.00
09/30/2031 585,075.00
02/01/2032540,0005.500%30,525.00570,525.00
Nov 17, 2015 4:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 10
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation and Refunding Bonds, Series 2009
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
08/01/2032 15,675.0015,675.00
09/30/2032 586,200.00
02/01/2033570,0005.500%15,675.00585,675.00
09/30/2033 585,675.00
6,555,000 3,154,130.009,709,130.009,709,130.00
Nov 17, 2015 4:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 11
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
General Obligation and Refunding Bonds, Series 2009
General Fund
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016200,0003.000%129,268.75329,268.75
08/01/2016126,268.75126,268.75
09/30/2016 455,537.50
02/01/2017200,0003.000%126,268.75326,268.75
08/01/2017123,268.75123,268.75
09/30/2017 449,537.50
02/01/2018195,0003.250%123,268.75318,268.75
08/01/2018120,100.00120,100.00
09/30/2018 438,368.75
02/01/2019210,0003.500%120,100.00330,100.00
08/01/2019116,425.00116,425.00
09/30/2019 446,525.00
02/01/2020250,0003.750%116,425.00366,425.00
08/01/2020111,737.50111,737.50
09/30/2020 478,162.50
02/01/2021190,0004.050%111,737.50301,737.50
08/01/2021107,890.00107,890.00
09/30/2021 409,627.50
02/01/2022160,0004.050%107,890.00267,890.00
08/01/2022104,650.00104,650.00
09/30/2022 372,540.00
02/01/2023175,0004.250%104,650.00279,650.00
08/01/2023100,931.25100,931.25
09/30/2023 380,581.25
02/01/2024215,0004.250%100,931.25315,931.25
08/01/202496,362.5096,362.50
09/30/2024 412,293.75
02/01/2025200,0004.500%96,362.50296,362.50
08/01/202591,862.5091,862.50
09/30/2025 388,225.00
02/01/2026210,0004.500%91,862.50301,862.50
08/01/202687,137.5087,137.50
09/30/2026 389,000.00
02/01/2027220,0004.500%87,137.50307,137.50
08/01/202782,187.5082,187.50
09/30/2027 389,325.00
02/01/2028530,0004.500%82,187.50612,187.50
08/01/202870,262.5070,262.50
09/30/2028 682,450.00
02/01/2029455,0005.500%70,262.50525,262.50
08/01/202957,750.0057,750.00
09/30/2029 583,012.50
02/01/2030480,0005.500%57,750.00537,750.00
08/01/203044,550.0044,550.00
09/30/2030 582,300.00
02/01/2031510,0005.500%44,550.00554,550.00
08/01/203130,525.0030,525.00
09/30/2031 585,075.00
Nov 17, 2015 4:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 12
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
General Obligation and Refunding Bonds, Series 2009
General Fund
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2032540,0005.500%30,525.00570,525.00
08/01/203215,675.0015,675.00
09/30/2032 586,200.00
02/01/2033570,0005.500%15,675.00585,675.00
09/30/2033 585,675.00
5,510,000 3,104,436.258,614,436.258,614,436.25
Nov 17, 2015 4:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 13
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
General Obligation and Refunding Bonds, Series 2009
Sales Tax Supported
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016340,0003.000%16,118.75356,118.75
08/01/201611,018.7511,018.75
09/30/2016 367,137.50
02/01/2017350,0003.000%11,018.75361,018.75
08/01/20175,768.755,768.75
09/30/2017 366,787.50
02/01/2018355,0003.250%5,768.75360,768.75
09/30/2018 360,768.75
1,045,000 49,693.751,094,693.751,094,693.75
Nov 17, 2015 4:45 pm Prepared by SAMCO Capital Markets (TSJ) Page 14
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Refunding Bonds, Series 2010
Annual
Period DebtDebt
EndingPrincipalCouponInterestServiceService
02/01/2016275,0003.000%29,775304,775
08/01/201625,65025,650
09/30/2016330,425
02/01/2017285,0003.000%25,650310,650
08/01/201721,37521,375
09/30/2017332,025
02/01/2018285,0003.000%21,375306,375
08/01/201817,10017,100
09/30/2018323,475
02/01/2019300,0003.000%17,100317,100
08/01/201912,60012,600
09/30/2019329,700
02/01/2020310,0004.000%12,600322,600
08/01/20206,4006,400
09/30/2020329,000
02/01/2021320,0004.000%6,400326,400
09/30/2021326,400
1,775,000 196,0251,971,0251,971,025
Nov 17, 2015 4:46 pm Prepared by SAMCO Capital Markets (TSJ) Page 15
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2011
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016225,0003.000%172,518.75397,518.75
08/01/2016169,143.75169,143.75
09/30/2016 566,662.50
02/01/2017235,0003.000%169,143.75404,143.75
08/01/2017165,618.75165,618.75
09/30/2017 569,762.50
02/01/2018240,0003.500%165,618.75405,618.75
08/01/2018161,418.75161,418.75
09/30/2018 567,037.50
02/01/2019250,0003.500%161,418.75411,418.75
08/01/2019157,043.75157,043.75
09/30/2019 568,462.50
02/01/2020260,0004.000%157,043.75417,043.75
08/01/2020151,843.75151,843.75
09/30/2020 568,887.50
02/01/2021270,0005.000%151,843.75421,843.75
08/01/2021145,093.75145,093.75
09/30/2021 566,937.50
02/01/2022285,0005.500%145,093.75430,093.75
08/01/2022137,256.25137,256.25
09/30/2022 567,350.00
02/01/2023300,0005.500%137,256.25437,256.25
08/01/2023129,006.25129,006.25
09/30/2023 566,262.50
02/01/2024315,0004.000%129,006.25444,006.25
08/01/2024122,706.25122,706.25
09/30/2024 566,712.50
02/01/2025330,0004.125%122,706.25452,706.25
08/01/2025115,900.00115,900.00
09/30/2025 568,606.25
02/01/2026345,0004.250%115,900.00460,900.00
08/01/2026108,568.75108,568.75
09/30/2026 569,468.75
02/01/2027360,0004.375%108,568.75468,568.75
08/01/2027100,693.75100,693.75
09/30/2027 569,262.50
02/01/2028375,0004.500%100,693.75475,693.75
08/01/202892,256.2592,256.25
09/30/2028 567,950.00
02/01/2029390,0004.625%92,256.25482,256.25
08/01/202983,237.5083,237.50
09/30/2029 565,493.75
02/01/2030410,0004.750%83,237.50493,237.50
08/01/203073,500.0073,500.00
09/30/2030 566,737.50
02/01/2031430,0005.000%73,500.00503,500.00
08/01/203162,750.0062,750.00
09/30/2031 566,250.00
02/01/2032455,0005.000%62,750.00517,750.00
08/01/203251,375.0051,375.00
09/30/2032 569,125.00
Nov 17, 2015 4:46 pm Prepared by SAMCO Capital Markets (TSJ) Page 16
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2011
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2033475,0005.000%51,375.00526,375.00
08/01/203339,500.0039,500.00
09/30/2033 565,875.00
02/01/2034500,0005.000%39,500.00539,500.00
08/01/203427,000.0027,000.00
09/30/2034 566,500.00
02/01/2035525,0005.000%27,000.00552,000.00
08/01/203513,875.0013,875.00
09/30/2035 565,875.00
02/01/2036555,0005.000%13,875.00568,875.00
09/30/2036 568,875.00
7,530,000 4,388,093.7511,918,093.7511,918,093.75
Nov 17, 2015 4:46 pm Prepared by SAMCO Capital Markets (TSJ) Page 17
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Refunding Bonds, Series 2011
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
03/01/2016 18,237.5018,237.50
09/01/2016300,0002.000%18,237.50318,237.50
09/30/2016 336,475.00
03/01/2017 15,237.5015,237.50
09/01/2017300,0002.000%15,237.50315,237.50
09/30/2017 330,475.00
03/01/2018 12,237.5012,237.50
09/01/2018225,0002.250%12,237.50237,237.50
09/30/2018 249,475.00
03/01/2019 9,706.259,706.25
09/01/2019230,0002.500%9,706.25239,706.25
09/30/2019 249,412.50
03/01/2020 6,831.256,831.25
09/01/2020235,0002.750%6,831.25241,831.25
09/30/2020 248,662.50
03/01/2021 3,600.003,600.00
09/01/2021240,0003.000%3,600.00243,600.00
09/30/2021 247,200.00
1,530,000 131,700.001,661,700.001,661,700.00
Nov 17, 2015 4:55 pm Prepared by SAMCO Capital Markets (TSJ) Page 18
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Refunding Bonds, Series 2011-A
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016605,0002.330%61,861.50666,861.50
08/01/201654,813.2554,813.25
09/30/2016 721,674.75
02/01/2017620,0002.330%54,813.25674,813.25
08/01/201747,590.2547,590.25
09/30/2017 722,403.50
02/01/2018635,0002.330%47,590.25682,590.25
08/01/201840,192.5040,192.50
09/30/2018 722,782.75
02/01/2019485,0002.330%40,192.50525,192.50
08/01/201934,542.2534,542.25
09/30/2019 559,734.75
02/01/2020475,0002.330%34,542.25509,542.25
08/01/202029,008.5029,008.50
09/30/2020 538,550.75
02/01/2021485,0002.330%29,008.50514,008.50
08/01/202123,358.2523,358.25
09/30/2021 537,366.75
02/01/2022670,0002.330%23,358.25693,358.25
08/01/202215,552.7515,552.75
09/30/2022 708,911.00
02/01/2023675,0002.330%15,552.75690,552.75
08/01/20237,689.007,689.00
09/30/2023 698,241.75
02/01/2024660,0002.330%7,689.00667,689.00
09/30/2024 667,689.00
5,310,000 567,355.005,877,355.005,877,355.00
Nov 17, 2015 4:55 pm Prepared by SAMCO Capital Markets (TSJ) Page 19
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2012
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016310,0003.875%100,363.75410,363.75
08/01/201694,357.5094,357.50
09/30/2016 504,721.25
02/01/2017320,0004.350%94,357.50414,357.50
08/01/201787,397.5087,397.50
09/30/2017 501,755.00
02/01/2018335,0004.000%87,397.50422,397.50
08/01/201880,697.5080,697.50
09/30/2018 503,095.00
02/01/2019345,0002.000%80,697.50425,697.50
08/01/201977,247.5077,247.50
09/30/2019 502,945.00
02/01/2020355,0003.000%77,247.50432,247.50
08/01/202071,922.5071,922.50
09/30/2020 504,170.00
02/01/2021365,0003.000%71,922.50436,922.50
08/01/202166,447.5066,447.50
09/30/2021 503,370.00
02/01/2022375,0002.250%66,447.50441,447.50
08/01/202262,228.7562,228.75
09/30/2022 503,676.25
02/01/2023385,0002.250%62,228.75447,228.75
08/01/202357,897.5057,897.50
09/30/2023 505,126.25
02/01/2024390,0002.500%57,897.50447,897.50
08/01/202453,022.5053,022.50
09/30/2024 500,920.00
02/01/2025400,0002.700%53,022.50453,022.50
08/01/202547,622.5047,622.50
09/30/2025 500,645.00
02/01/2026415,0002.800%47,622.50462,622.50
08/01/202641,812.5041,812.50
09/30/2026 504,435.00
02/01/2027425,0003.000%41,812.50466,812.50
08/01/202735,437.5035,437.50
09/30/2027 502,250.00
02/01/2028440,0003.000%35,437.50475,437.50
08/01/202828,837.5028,837.50
09/30/2028 504,275.00
02/01/2029450,0003.000%28,837.50478,837.50
08/01/202922,087.5022,087.50
09/30/2029 500,925.00
02/01/2030465,0003.000%22,087.50487,087.50
08/01/203015,112.5015,112.50
09/30/2030 502,200.00
02/01/2031480,0003.100%15,112.50495,112.50
Nov 17, 2015 4:55 pm Prepared by SAMCO Capital Markets (TSJ) Page 20
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Bonds, Series 2012
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
08/01/2031 7,672.507,672.50
09/30/2031 502,785.00
02/01/2032495,0003.100%7,672.50502,672.50
09/30/2032 502,672.50
6,750,000 1,799,966.258,549,966.258,549,966.25
Nov 18, 2015 3:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 21
BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2013
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016240,0002.000%68,481.25308,481.25
08/01/201666,081.2566,081.25
09/30/2016 374,562.50
02/01/2017380,0002.000%66,081.25446,081.25
08/01/201762,281.2562,281.25
09/30/2017 508,362.50
02/01/2018390,0002.000%62,281.25452,281.25
08/01/201858,381.2558,381.25
09/30/2018 510,662.50
02/01/2019395,0002.250%58,381.25453,381.25
08/01/201953,937.5053,937.50
09/30/2019 507,318.75
02/01/2020405,0002.500%53,937.50458,937.50
08/01/202048,875.0048,875.00
09/30/2020 507,812.50
02/01/2021415,0003.000%48,875.00463,875.00
08/01/202142,650.0042,650.00
09/30/2021 506,525.00
02/01/2022155,0003.000%42,650.00197,650.00
08/01/202240,325.0040,325.00
09/30/2022 237,975.00
02/01/2023160,0003.000%40,325.00200,325.00
08/01/202337,925.0037,925.00
09/30/2023 238,250.00
02/01/2024165,0003.500%37,925.00202,925.00
08/01/202435,037.5035,037.50
09/30/2024 237,962.50
02/01/2025170,0003.500%35,037.50205,037.50
08/01/202532,062.5032,062.50
09/30/2025 237,100.00
02/01/2026175,0003.500%32,062.50207,062.50
08/01/202629,000.0029,000.00
09/30/2026 236,062.50
02/01/2027185,0004.000%29,000.00214,000.00
08/01/202725,300.0025,300.00
09/30/2027 239,300.00
02/01/2028190,0004.000%25,300.00215,300.00
08/01/202821,500.0021,500.00
09/30/2028 236,800.00
02/01/2029200,0004.000%21,500.00221,500.00
08/01/202917,500.0017,500.00
09/30/2029 239,000.00
02/01/2030205,0004.000%17,500.00222,500.00
08/01/203013,400.0013,400.00
09/30/2030 235,900.00
02/01/2031215,0004.000%13,400.00228,400.00
08/01/20319,100.009,100.00
09/30/2031 237,500.00
02/01/2032225,0004.000%9,100.00234,100.00
Nov 18, 2015 3:43 pm Prepared by SAMCO Capital Markets (TSJ) Page 22
BOND DEBT SERVICE
City of Schertz, Texas
Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2013
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
08/01/2032 4,600.004,600.00
09/30/2032 238,700.00
02/01/2033230,0004.000%4,600.00234,600.00
09/30/2033 234,600.00
4,500,000 1,264,393.755,764,393.755,764,393.75
Nov 17, 2015 4:57 pm Prepared by SAMCO Capital Markets (TSJ) Page 23
BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2013
Period Debt
EndingPrincipalCouponInterestService
09/30/2016170,0001.000%5,950175,950
09/30/2017170,0001.300%3,995173,995
09/30/2018170,0001.700%1,445171,445
510,000 11,390521,390
Nov 17, 2015 4:58 pm Prepared by SAMCO Capital Markets (TSJ) Page 24
BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2013A
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016160,0001.300%3,152.50163,152.50
08/01/20162,112.502,112.50
09/30/2016 165,265.00
02/01/2017160,0001.300%2,112.50162,112.50
08/01/20171,072.501,072.50
09/30/2017 163,185.00
02/01/2018165,0001.300%1,072.50166,072.50
09/30/2018 166,072.50
485,000 9,522.50494,522.50494,522.50
Nov 18, 2015 3:11 pm Prepared by SAMCO Capital Markets (TSJ) Page 25
BOND DEBT SERVICE
City of Schertz, Texas
General Obligation Refunding Bonds, Series 2013
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016175,0002.580%25,219.50200,219.50
08/01/201622,962.0022,962.00
09/30/2016 223,181.50
02/01/2017180,0002.580%22,962.00202,962.00
08/01/201720,640.0020,640.00
09/30/2017 223,602.00
02/01/2018180,0002.580%20,640.00200,640.00
08/01/201818,318.0018,318.00
09/30/2018 218,958.00
02/01/2019190,0002.580%18,318.00208,318.00
08/01/201915,867.0015,867.00
09/30/2019 224,185.00
02/01/2020190,0002.580%15,867.00205,867.00
08/01/202013,416.0013,416.00
09/30/2020 219,283.00
02/01/2021200,0002.580%13,416.00213,416.00
08/01/202110,836.0010,836.00
09/30/2021 224,252.00
02/01/2022205,0002.580%10,836.00215,836.00
08/01/20228,191.508,191.50
09/30/2022 224,027.50
02/01/2023205,0002.580%8,191.50213,191.50
08/01/20235,547.005,547.00
09/30/2023 218,738.50
02/01/2024215,0002.580%5,547.00220,547.00
08/01/20242,773.502,773.50
09/30/2024 223,320.50
02/01/2025215,0002.580%2,773.50217,773.50
09/30/2025 217,773.50
1,955,000 262,321.502,217,321.502,217,321.50
Nov 18, 2015 8:35 am Prepared by SAMCO Capital Markets (TSJ) Page 26
BOND DEBT SERVICE
City of Schertz, Texas
GO Refunding Bonds, Series 2014
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016100,0002.000%147,637.50247,637.50
08/01/2016146,637.50146,637.50
09/30/2016 394,275.00
02/01/2017100,0002.000%146,637.50246,637.50
08/01/2017145,637.50145,637.50
09/30/2017 392,275.00
02/01/2018100,0003.000%145,637.50245,637.50
08/01/2018144,137.50144,137.50
09/30/2018 389,775.00
02/01/2019100,0003.000%144,137.50244,137.50
08/01/2019142,637.50142,637.50
09/30/2019 386,775.00
02/01/2020100,0003.000%142,637.50242,637.50
08/01/2020141,137.50141,137.50
09/30/2020 383,775.00
02/01/2021100,0003.000%141,137.50241,137.50
08/01/2021139,637.50139,637.50
09/30/2021 380,775.00
02/01/2022750,0003.000%139,637.50889,637.50
08/01/2022128,387.50128,387.50
09/30/20221,018,025.00
02/01/2023775,0003.000%128,387.50903,387.50
08/01/2023116,762.50116,762.50
09/30/20231,020,150.00
02/01/2024800,0003.500%116,762.50916,762.50
08/01/2024102,762.50102,762.50
09/30/20241,019,525.00
02/01/2025830,0003.500%102,762.50932,762.50
08/01/202588,237.5088,237.50
09/30/20251,021,000.00
02/01/2026860,0003.500%88,237.50948,237.50
08/01/202673,187.5073,187.50
09/30/20261,021,425.00
02/01/2027890,0004.000%73,187.50963,187.50
08/01/202755,387.5055,387.50
09/30/20271,018,575.00
02/01/2028930,0004.000%55,387.50985,387.50
08/01/202836,787.5036,787.50
09/30/20281,022,175.00
02/01/2029960,0004.000%36,787.50996,787.50
08/01/202917,587.5017,587.50
09/30/20291,014,375.00
02/01/20301,005,0003.500%17,587.501,022,587.50
09/30/20301,022,587.50
8,400,000 3,105,487.5011,505,487.5011,505,487.50
Nov 17, 2015 4:40 pm Prepared by SAMCO Capital Markets (TSJ) Page 27
BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 16,231.2516,231.25
08/01/2016315,0001.750%16,231.25331,231.25
09/30/2016 347,462.50
02/01/2017 13,475.0013,475.00
08/01/2017330,0001.750%13,475.00343,475.00
09/30/2017 356,950.00
02/01/2018 10,587.5010,587.50
08/01/2018335,0001.750%10,587.50345,587.50
09/30/2018 356,175.00
02/01/2019 7,656.257,656.25
08/01/2019340,0001.750%7,656.25347,656.25
09/30/2019 355,312.50
02/01/2020 4,681.254,681.25
08/01/2020345,0001.750%4,681.25349,681.25
09/30/2020 354,362.50
02/01/2021 1,662.501,662.50
08/01/2021190,0001.750%1,662.50191,662.50
09/30/2021 193,325.00
1,855,000 108,587.501,963,587.501,963,587.50
Nov 17, 2015 4:40 pm Prepared by SAMCO Capital Markets (TSJ) Page 28
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015
EMS 6 Years
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 7,043.757,043.75
08/01/2016155,0001.750%7,043.75162,043.75
09/30/2016 169,087.50
02/01/2017 5,687.505,687.50
08/01/2017160,0001.750%5,687.50165,687.50
09/30/2017 171,375.00
02/01/2018 4,287.504,287.50
08/01/2018160,0001.750%4,287.50164,287.50
09/30/2018 168,575.00
02/01/2019 2,887.502,887.50
08/01/2019165,0001.750%2,887.50167,887.50
09/30/2019 170,775.00
02/01/2020 1,443.751,443.75
08/01/2020165,0001.750%1,443.75166,443.75
09/30/2020 167,887.50
805,000 42,700.00847,700.00847,700.00
Nov 17, 2015 4:40 pm Prepared by SAMCO Capital Markets (TSJ) Page 29
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015
Drainage Equipment
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 5,993.755,993.75
08/01/2016105,0001.750%5,993.75110,993.75
09/30/2016 116,987.50
02/01/2017 5,075.005,075.00
08/01/2017110,0001.750%5,075.00115,075.00
09/30/2017 120,150.00
02/01/2018 4,112.504,112.50
08/01/2018115,0001.750%4,112.50119,112.50
09/30/2018 123,225.00
02/01/2019 3,106.253,106.25
08/01/2019115,0001.750%3,106.25118,106.25
09/30/2019 121,212.50
02/01/2020 2,100.002,100.00
08/01/2020120,0001.750%2,100.00122,100.00
09/30/2020 124,200.00
02/01/2021 1,050.001,050.00
08/01/2021120,0001.750%1,050.00121,050.00
09/30/2021 122,100.00
685,000 42,875.00727,875.00727,875.00
Nov 17, 2015 4:40 pm Prepared by SAMCO Capital Markets (TSJ) Page 30
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015
Water Equipment
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 1,312.501,312.50
08/01/201620,0001.750%1,312.5021,312.50
09/30/2016 22,625.00
02/01/2017 1,137.501,137.50
08/01/201725,0001.750%1,137.5026,137.50
09/30/2017 27,275.00
02/01/2018 918.75918.75
08/01/201825,0001.750%918.7525,918.75
09/30/2018 26,837.50
02/01/2019 700.00700.00
08/01/201925,0001.750%700.0025,700.00
09/30/2019 26,400.00
02/01/2020 481.25481.25
08/01/202025,0001.750%481.2525,481.25
09/30/2020 25,962.50
02/01/2021 262.50262.50
08/01/202130,0001.750%262.5030,262.50
09/30/2021 30,525.00
150,000 9,625.00159,625.00159,625.00
Nov 17, 2015 4:40 pm Prepared by SAMCO Capital Markets (TSJ) Page 31
DETAILED BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015
General Fund Equipment
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016 1,881.251,881.25
08/01/201635,0001.750%1,881.2536,881.25
09/30/2016 38,762.50
02/01/2017 1,575.001,575.00
08/01/201735,0001.750%1,575.0036,575.00
09/30/2017 38,150.00
02/01/2018 1,268.751,268.75
08/01/201835,0001.750%1,268.7536,268.75
09/30/2018 37,537.50
02/01/2019 962.50962.50
08/01/201935,0001.750%962.5035,962.50
09/30/2019 36,925.00
02/01/2020 656.25656.25
08/01/202035,0001.750%656.2535,656.25
09/30/2020 36,312.50
02/01/2021 350.00350.00
08/01/202140,0001.750%350.0040,350.00
09/30/2021 40,700.00
215,000 13,387.50228,387.50228,387.50
Nov 18, 2015 3:49 pm Prepared by SAMCO Capital Markets (TSJ) Page 32
BOND DEBT SERVICE
City of Schertz, Texas
Tax Notes, Series 2015A
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
08/01/2016125,0001.540%10,995.60135,995.60
09/30/2016 135,995.60
02/01/20176,891.506,891.50
08/01/2017145,0001.540%6,891.50151,891.50
09/30/2017 158,783.00
02/01/20185,775.005,775.00
08/01/2018145,0001.540%5,775.00150,775.00
09/30/2018 156,550.00
02/01/20194,658.504,658.50
08/01/2019150,0001.540%4,658.50154,658.50
09/30/2019 159,317.00
02/01/20203,503.503,503.50
08/01/2020150,0001.540%3,503.50153,503.50
09/30/2020 157,007.00
02/01/20212,348.502,348.50
08/01/2021150,0001.540%2,348.50152,348.50
09/30/2021 154,697.00
02/01/20221,193.501,193.50
08/01/2022155,0001.540%1,193.50156,193.50
09/30/2022 157,387.00
1,020,000 59,736.601,079,736.601,079,736.60
Nov 18, 2015 3:50 pm Prepared by SAMCO Capital Markets (TSJ) Page 33
BOND DEBT SERVICE
City of Schertz, Texas
GO Refunding Bonds, Series 2015
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/201680,0002.000%27,056.25107,056.25
08/01/201653,312.5053,312.50
09/30/2016 160,368.75
02/01/2017450,0002.000%53,312.50503,312.50
08/01/201748,812.5048,812.50
09/30/2017 552,125.00
02/01/2018490,0002.000%48,812.50538,812.50
08/01/201843,912.5043,912.50
09/30/2018 582,725.00
02/01/2019660,0002.000%43,912.50703,912.50
08/01/201937,312.5037,312.50
09/30/2019 741,225.00
02/01/2020675,0002.500%37,312.50712,312.50
08/01/202028,875.0028,875.00
09/30/2020 741,187.50
02/01/2021690,0003.000%28,875.00718,875.00
08/01/202118,525.0018,525.00
09/30/2021 737,400.00
02/01/202218,525.0018,525.00
08/01/202218,525.0018,525.00
09/30/2022 37,050.00
02/01/202318,525.0018,525.00
08/01/202318,525.0018,525.00
09/30/2023 37,050.00
02/01/202418,525.0018,525.00
08/01/202418,525.0018,525.00
09/30/2024 37,050.00
02/01/202518,525.0018,525.00
08/01/202518,525.0018,525.00
09/30/2025 37,050.00
02/01/202618,525.0018,525.00
08/01/202618,525.0018,525.00
09/30/2026 37,050.00
02/01/202718,525.0018,525.00
08/01/202718,525.0018,525.00
09/30/2027 37,050.00
02/01/202818,525.0018,525.00
08/01/202818,525.0018,525.00
09/30/2028 37,050.00
02/01/202918,525.0018,525.00
08/01/202918,525.0018,525.00
09/30/2029 37,050.00
02/01/203018,525.0018,525.00
08/01/203018,525.0018,525.00
09/30/2030 37,050.00
02/01/20311,140,0003.250%18,525.001,158,525.00
09/30/20311,158,525.00
4,185,000 822,006.255,007,006.255,007,006.25
Nov 19, 2015 11:50 am Prepared by SAMCO Capital Markets (TSJ) Page 34
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2001
Schertz/Seguin Local Government Corp.
Annual
Period DebtDebt
EndingPrincipalCouponInterestServiceService
02/01/2016 260,000260,000
08/01/2016 260,000260,000
09/30/2016 520,000
02/01/2017 260,000260,000
08/01/2017 260,000260,000
09/30/2017 520,000
02/01/2018 260,000260,000
08/01/2018 260,000260,000
09/30/2018 520,000
02/01/2019 260,000260,000
08/01/2019 260,000260,000
09/30/2019 520,000
02/01/2020 260,000260,000
08/01/2020 260,000260,000
09/30/2020 520,000
02/01/2021 260,000260,000
08/01/2021 260,000260,000
09/30/2021 520,000
02/01/2022 260,000260,000
08/01/2022 260,000260,000
09/30/2022 520,000
02/01/2023 260,000260,000
08/01/2023 260,000260,000
09/30/2023 520,000
02/01/2024 260,000260,000
08/01/2024 260,000260,000
09/30/2024 520,000
02/01/2025 260,000260,000
08/01/2025 260,000260,000
09/30/2025 520,000
02/01/2026 260,000260,000
08/01/2026 260,000260,000
09/30/2026 520,000
02/01/2027 260,000260,000
08/01/2027 260,000260,000
09/30/2027 520,000
02/01/2028 260,000260,000
08/01/2028 260,000260,000
09/30/2028 520,000
02/01/2029 260,000260,000
08/01/2029 260,000260,000
09/30/2029 520,000
02/01/2030 260,000260,000
08/01/2030 260,000260,000
09/30/2030 520,000
02/01/20311,795,0005.200%260,0002,055,000
08/01/2031 213,330213,330
09/30/2031 2,268,330
02/01/20321,895,0005.200%213,3302,108,330
Nov 19, 2015 11:50 am Prepared by SAMCO Capital Markets (TSJ) Page 35
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2001
Schertz/Seguin Local Government Corp.
Annual
Period DebtDebt
EndingPrincipalCouponInterestServiceService
08/01/2032 164,060164,060
09/30/2032 2,272,390
02/01/20331,995,0005.200%164,0602,159,060
08/01/2033 112,190112,190
09/30/2033 2,271,250
02/01/20342,100,0005.200%112,1902,212,190
08/01/2034 57,59057,590
09/30/2034 2,269,780
02/01/20352,215,0005.200%57,5902,272,590
09/30/2035 2,272,590
10,000,000 9,154,34019,154,34019,154,340
Nov 19, 2015 11:54 am Prepared by SAMCO Capital Markets (TSJ) Page 36
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2010
Schertz/Seguin Local Government Corp.
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016475,0003.000%461,968.75936,968.75
08/01/2016454,843.75454,843.75
09/30/20161,391,812.50
02/01/2017485,0003.000%454,843.75939,843.75
08/01/2017447,568.75447,568.75
09/30/20171,387,412.50
02/01/2018505,0003.500%447,568.75952,568.75
08/01/2018438,731.25438,731.25
09/30/20181,391,300.00
02/01/2019520,0003.500%438,731.25958,731.25
08/01/2019429,631.25429,631.25
09/30/20191,388,362.50
02/01/2020540,0003.500%429,631.25969,631.25
08/01/2020420,181.25420,181.25
09/30/20201,389,812.50
02/01/2021560,0004.000%420,181.25980,181.25
08/01/2021408,981.25408,981.25
09/30/20211,389,162.50
02/01/2022585,0004.000%408,981.25993,981.25
08/01/2022397,281.25397,281.25
09/30/20221,391,262.50
02/01/2023610,0004.000%397,281.251,007,281.25
08/01/2023385,081.25385,081.25
09/30/20231,392,362.50
02/01/2024630,0004.000%385,081.251,015,081.25
08/01/2024372,481.25372,481.25
09/30/20241,387,562.50
02/01/2025660,0004.000%372,481.251,032,481.25
08/01/2025359,281.25359,281.25
09/30/20251,391,762.50
02/01/2026685,0004.125%359,281.251,044,281.25
08/01/2026345,153.13345,153.13
09/30/20261,389,434.38
02/01/2027715,0004.250%345,153.131,060,153.13
08/01/2027329,959.38329,959.38
09/30/20271,390,112.51
02/01/2028745,0004.250%329,959.381,074,959.38
08/01/2028314,128.13314,128.13
09/30/20281,389,087.51
02/01/2029780,0004.250%314,128.131,094,128.13
08/01/2029297,553.13297,553.13
09/30/20291,391,681.26
02/01/2030815,0004.500%297,553.131,112,553.13
08/01/2030279,215.63279,215.63
09/30/20301,391,768.76
02/01/2031850,0004.500%279,215.631,129,215.63
08/01/2031260,090.63260,090.63
09/30/20311,389,306.26
02/01/2032890,0004.500%260,090.631,150,090.63
08/01/2032240,065.63240,065.63
Nov 19, 2015 11:54 am Prepared by SAMCO Capital Markets (TSJ) Page 37
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2010
Schertz/Seguin Local Government Corp.
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
09/30/2032 1,390,156.26
02/01/2033930,0004.625%240,065.631,170,065.63
08/01/2033 218,559.38218,559.38
09/30/2033 1,388,625.01
02/01/2034975,0004.625%218,559.381,193,559.38
08/01/2034 196,012.50196,012.50
09/30/2034 1,389,571.88
02/01/20351,020,0004.625%196,012.501,216,012.50
08/01/2035 172,425.00172,425.00
09/30/2035 1,388,437.50
02/01/20361,070,0004.750%172,425.001,242,425.00
08/01/2036 147,012.50147,012.50
09/30/2036 1,389,437.50
02/01/20371,125,0004.750%147,012.501,272,012.50
08/01/2037 120,293.75120,293.75
09/30/2037 1,392,306.25
02/01/20381,175,0004.750%120,293.751,295,293.75
08/01/2038 92,387.5092,387.50
09/30/2038 1,387,681.25
02/01/20391,235,0004.750%92,387.501,327,387.50
08/01/2039 63,056.2563,056.25
09/30/2039 1,390,443.75
02/01/20401,295,0004.750%63,056.251,358,056.25
08/01/2040 32,300.0032,300.00
09/30/2040 1,390,356.25
02/01/20411,360,0004.750%32,300.001,392,300.00
09/30/2041 1,392,300.00
21,235,000 14,906,518.8336,141,518.8336,141,518.83
Nov 19, 2015 11:55 am Prepared by SAMCO Capital Markets (TSJ) Page 38
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2012
Schertz/Seguin Local Government Corp.
(San Antonio Water System Expansion Water Treatment Project 2)
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016590,0002.000%463,993.751,053,993.75
08/01/2016458,093.75458,093.75
09/30/20161,512,087.50
02/01/2017600,0002.000%458,093.751,058,093.75
08/01/2017452,093.75452,093.75
09/30/20171,510,187.50
02/01/2018620,0004.000%452,093.751,072,093.75
08/01/2018439,693.75439,693.75
09/30/20181,511,787.50
02/01/2019645,0004.000%439,693.751,084,693.75
08/01/2019426,793.75426,793.75
09/30/20191,511,487.50
02/01/2020670,0004.000%426,793.751,096,793.75
08/01/2020413,393.75413,393.75
09/30/20201,510,187.50
02/01/2021700,0004.000%413,393.751,113,393.75
08/01/2021399,393.75399,393.75
09/30/20211,512,787.50
02/01/2022725,0004.000%399,393.751,124,393.75
08/01/2022384,893.75384,893.75
09/30/20221,509,287.50
02/01/2023755,0004.000%384,893.751,139,893.75
08/01/2023369,793.75369,793.75
09/30/20231,509,687.50
02/01/2024785,0004.000%369,793.751,154,793.75
08/01/2024354,093.75354,093.75
09/30/20241,508,887.50
02/01/2025815,0003.000%354,093.751,169,093.75
08/01/2025341,868.75341,868.75
09/30/20251,510,962.50
02/01/2026840,0003.000%341,868.751,181,868.75
08/01/2026329,268.75329,268.75
09/30/20261,511,137.50
02/01/2027865,0003.125%329,268.751,194,268.75
08/01/2027315,753.13315,753.13
09/30/20271,510,021.88
02/01/2028895,0003.625%315,753.131,210,753.13
08/01/2028299,531.25299,531.25
09/30/20281,510,284.38
02/01/2029930,0003.625%299,531.251,229,531.25
08/01/2029282,675.00282,675.00
09/30/20291,512,206.25
02/01/2030965,0003.625%282,675.001,247,675.00
08/01/2030265,184.38265,184.38
09/30/20301,512,859.38
02/01/20311,000,0003.625%265,184.381,265,184.38
08/01/2031247,059.38247,059.38
09/30/20311,512,243.76
02/01/20321,035,0003.625%247,059.381,282,059.38
Nov 19, 2015 11:55 am Prepared by SAMCO Capital Markets (TSJ) Page 39
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2012
Schertz/Seguin Local Government Corp.
(San Antonio Water System Expansion Water Treatment Project 2)
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
08/01/2032 228,300.00228,300.00
09/30/2032 1,510,359.38
02/01/20331,075,0004.000%228,300.001,303,300.00
08/01/2033 206,800.00206,800.00
09/30/2033 1,510,100.00
02/01/20341,120,0004.000%206,800.001,326,800.00
08/01/2034 184,400.00184,400.00
09/30/2034 1,511,200.00
02/01/20351,165,0004.000%184,400.001,349,400.00
08/01/2035 161,100.00161,100.00
09/30/2035 1,510,500.00
02/01/20361,210,0004.000%161,100.001,371,100.00
08/01/2036 136,900.00136,900.00
09/30/2036 1,508,000.00
02/01/20371,260,0004.000%136,900.001,396,900.00
08/01/2037 111,700.00111,700.00
09/30/2037 1,508,600.00
02/01/20381,315,0004.000%111,700.001,426,700.00
08/01/2038 85,400.0085,400.00
09/30/2038 1,512,100.00
02/01/20391,365,0004.000%85,400.001,450,400.00
08/01/2039 58,100.0058,100.00
09/30/2039 1,508,500.00
02/01/20401,425,0004.000%58,100.001,483,100.00
08/01/2040 29,600.0029,600.00
09/30/2040 1,512,700.00
02/01/20411,480,0004.000%29,600.001,509,600.00
09/30/2041 1,509,600.00
24,850,000 14,427,762.5339,277,762.5339,277,762.53
Nov 19, 2015 11:56 am Prepared by SAMCO Capital Markets (TSJ) Page 40
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Refunding Bonds, Series 2014
Schertz/Seguin Local Government Corp.
Period Annual
EndingPrincipalCouponInterestDebt ServiceDebt Service
02/01/2016505,0002.000%79,837.50584,837.50
08/01/201674,787.5074,787.50
09/30/2016 659,625.00
02/01/2017520,0002.000%74,787.50594,787.50
08/01/201769,587.5069,587.50
09/30/2017 664,375.00
02/01/2018530,0002.000%69,587.50599,587.50
08/01/201864,287.5064,287.50
09/30/2018 663,875.00
02/01/2019540,0002.000%64,287.50604,287.50
08/01/201958,887.5058,887.50
09/30/2019 663,175.00
02/01/2020555,0003.000%58,887.50613,887.50
08/01/202050,562.5050,562.50
09/30/2020 664,450.00
02/01/2021570,0003.000%50,562.50620,562.50
08/01/202142,012.5042,012.50
09/30/2021 662,575.00
02/01/2022590,0003.000%42,012.50632,012.50
08/01/202233,162.5033,162.50
09/30/2022 665,175.00
02/01/2023610,0003.500%33,162.50643,162.50
08/01/202322,487.5022,487.50
09/30/2023 665,650.00
02/01/2024630,0003.500%22,487.50652,487.50
08/01/202411,462.5011,462.50
09/30/2024 663,950.00
02/01/2025655,0003.500%11,462.50666,462.50
09/30/2025 666,462.50
5,705,000 934,312.506,639,312.506,639,312.50
Nov 20, 2015 12:09 pm Prepared by SAMCO Capital Markets (TSJ) Page 41
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2015
Schertz/Seguin Local Government Corp.
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
02/01/2016695,0002.000%879,9751,574,975
08/01/2016873,025873,025
09/30/20162,448,000
02/01/2017700,0003.000%873,0251,573,025
08/01/2017862,525862,525
09/30/20172,435,550
02/01/2018730,0003.000%862,5251,592,525
08/01/2018851,575851,575
09/30/20182,444,100
02/01/2019745,0003.000%851,5751,596,575
08/01/2019840,400840,400
09/30/20192,436,975
02/01/2020775,0003.000%840,4001,615,400
08/01/2020828,775828,775
09/30/20202,444,175
02/01/2021785,0004.000%828,7751,613,775
08/01/2021813,075813,075
09/30/20212,426,850
02/01/2022825,0004.000%813,0751,638,075
08/01/2022796,575796,575
09/30/20222,434,650
02/01/2023860,0004.000%796,5751,656,575
08/01/2023779,375779,375
09/30/20232,435,950
02/01/2024900,0005.000%779,3751,679,375
08/01/2024756,875756,875
09/30/20242,436,250
02/01/2025945,0005.000%756,8751,701,875
08/01/2025733,250733,250
09/30/20252,435,125
02/01/20261,805,0005.000%733,2502,538,250
08/01/2026688,125688,125
09/30/20263,226,375
02/01/20271,885,0005.000%688,1252,573,125
08/01/2027641,000641,000
09/30/20273,214,125
02/01/20281,990,0005.000%641,0002,631,000
08/01/2028591,250591,250
09/30/20283,222,250
02/01/20292,090,0005.000%591,2502,681,250
08/01/2029539,000539,000
09/30/20293,220,250
02/01/20302,190,0005.000%539,0002,729,000
08/01/2030484,250484,250
09/30/20303,213,250
02/01/2031520,0005.000%484,2501,004,250
08/01/2031471,250471,250
09/30/20311,475,500
02/01/2032550,0005.000%471,2501,021,250
Nov 20, 2015 12:09 pm Prepared by SAMCO Capital Markets (TSJ) Page 42
BOND DEBT SERVICE
City of Schertz, Texas
Contract Revenue Bonds, Series 2015
Schertz/Seguin Local Government Corp.
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
08/01/2032457,500457,500
09/30/20321,478,750
02/01/2033580,0005.000%457,5001,037,500
08/01/2033443,000443,000
09/30/20331,480,500
02/01/2034610,0004.000%443,0001,053,000
08/01/2034430,800430,800
09/30/20341,483,800
02/01/2035630,0004.000%430,8001,060,800
08/01/2035418,200418,200
09/30/20351,479,000
02/01/20362,960,0004.000%418,2003,378,200
08/01/2036359,000359,000
09/30/20363,737,200
02/01/20373,085,0004.000%359,0003,444,000
08/01/2037297,300297,300
09/30/20373,741,300
02/01/20383,220,0004.000%297,3003,517,300
08/01/2038232,900232,900
09/30/20383,750,200
02/01/20393,345,0004.000%232,9003,577,900
08/01/2039166,000166,000
09/30/20393,743,900
02/01/20403,480,0004.000%166,0003,646,000
08/01/204096,40096,400
09/30/20403,742,400
02/01/20413,620,0004.000%96,4003,716,400
08/01/204124,00024,000
09/30/20413,740,400
02/01/2042385,0004.000%24,000409,000
08/01/204216,30016,300
09/30/2042425,300
02/01/2043400,0004.000%16,300416,300
08/01/20438,3008,300
09/30/2043424,600
02/01/2044415,0004.000%8,300423,300
09/30/2044423,300
41,720,00029,880,02571,600,02571,600,025
Dec 11, 2015 11:45 am Prepared by SAMCO Capital Markets (TSJ) Page 43
BOND DEBT SERVICE
Cibolo Creek Municipal Authority
Contract Revenue Bonds, Series 2014
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
03/01/2016133,075133,075
09/01/2016145,0002.000%133,075278,075
09/30/2016411,150
03/01/2017131,625131,625
09/01/2017150,0002.000%131,625281,625
09/30/2017413,250
03/01/2018130,125130,125
09/01/2018150,0002.000%130,125280,125
09/30/2018410,250
03/01/2019128,625128,625
09/01/2019155,0002.000%128,625283,625
09/30/2019412,250
03/01/2020127,075127,075
09/01/2020160,0002.000%127,075287,075
09/30/2020414,150
03/01/2021125,475125,475
09/01/2021160,0002.000%125,475285,475
09/30/2021410,950
03/01/2022123,875123,875
09/01/2022165,0003.000%123,875288,875
09/30/2022412,750
03/01/2023121,400121,400
09/01/2023170,0003.000%121,400291,400
09/30/2023412,800
03/01/2024118,850118,850
09/01/2024175,0003.000%118,850293,850
09/30/2024412,700
03/01/2025116,225116,225
09/01/2025180,0004.000%116,225296,225
09/30/2025412,450
03/01/2026112,625112,625
09/01/2026185,0004.000%112,625297,625
09/30/2026410,250
03/01/2027108,925108,925
09/01/2027195,0004.000%108,925303,925
09/30/2027412,850
03/01/2028105,025105,025
09/01/2028200,0004.000%105,025305,025
09/30/2028410,050
03/01/2029101,025101,025
09/01/2029210,0004.000%101,025311,025
09/30/2029412,050
03/01/203096,82596,825
09/01/2030220,0004.000%96,825316,825
09/30/2030413,650
03/01/203192,42592,425
09/01/2031225,0004.000%92,425317,425
09/30/2031409,850
03/01/203287,92587,925
09/01/2032235,0004.000%87,925322,925
Dec 11, 2015 11:45 am Prepared by SAMCO Capital Markets (TSJ) Page 44
BOND DEBT SERVICE
Cibolo Creek Municipal Authority
Contract Revenue Bonds, Series 2014
Annual
PeriodDebtDebt
EndingPrincipalCouponInterestServiceService
09/30/2032410,850
03/01/203383,22583,225
09/01/2033245,0004.000%83,225328,225
09/30/2033411,450
03/01/203478,32578,325
09/01/2034255,0004.000%78,325333,325
09/30/2034411,650
03/01/203573,22573,225
09/01/2035265,0005.000%73,225338,225
09/30/2035411,450
03/01/203666,60066,600
09/01/2036280,0005.000%66,600346,600
09/30/2036413,200
03/01/203759,60059,600
09/01/2037295,0005.000%59,600354,600
09/30/2037414,200
03/01/203852,22552,225
09/01/2038305,0005.000%52,225357,225
09/30/2038409,450
03/01/203944,60044,600
09/01/2039320,0005.000%44,600364,600
09/30/2039409,200
03/01/204036,60036,600
09/01/2040340,0004.000%36,600376,600
09/30/2040413,200
03/01/204129,80029,800
09/01/2041350,0004.000%29,800379,800
09/30/2041409,600
03/01/204222,80022,800
09/01/2042365,0004.000%22,800387,800
09/30/2042410,600
03/01/204315,50015,500
09/01/2043380,0004.000%15,500395,500
09/30/2043411,000
03/01/20447,9007,900
09/01/2044395,0004.000%7,900402,900
09/30/2044410,800
6,875,0005,063,05011,938,05011,938,050
Texas Municipal Reports
FOR OPERATING DATA OF THE WATERWORKS AND SEWER SYSTEM, SEE SEPARATE TEXAS
MUNICIPAL REPORT.
FINANCIAL STATEMENT (As of September 30, 2013)
Taxable Assessed Valuation, 2014 (100% of Market) $2,782,664,543(a)
New Debt $10,575,000
Outstanding Debt 67,210,000
------------------
Total General Obligation Debt $77,785,000
Less: Self-Supporting (b)
Water & Sewer 12,444,921
Economic Development Corp(Type B) 2,664,841
------------------
GO Debt payable from Ad Valorem Taxes $62,675,238
Less: I&S Fund 517,199
------------------
Net Debt $62,158,039
==================
(a) Includes $9,943,817 under review.
(b) The September 30, 2013 Audit reports the following General Obligation Debt
being paid from revenues other than ad valorem taxes; thus considered
self-supporting.
Net Debt Per Net Assessed Valuation - 2.23%
Net Debt Per Sq mile - $2,516,519.80
Net Debt Per Capita - $1,861.02
Net Assessed Valuation Per Capita - $83,313.31
Bureau of Census Pop: 2000 - 18,694
Bureau of Census Pop: 2010 - 31,465
2013 Estimated Population - 33,400
Area: 24.70 Sq mile
PAYMENT RECORD: Never defaulted.
MATERIAL INFORMATION:
MATERIAL EVENT NOTICE (As of May 28, 2014) Standard & Poor's Ratings Services
(S&P) raised its rating on the City's general obligation debt one notch to AA+
from AA based on S&P's local GO criteria published September 12, 2013. The
outlook is stable. The rating reflects S&P's opinion of the following factors
for the City: (i) strong economy; (ii) very strong budgetary flexibility; (iii)
strong budgetary performance (iv) very strong liquidity with strong access to
external liquidity; (v) strong management; and (vi) very weak debt and
contingent liabilities due mostly to high carrying charges and net direct debt.
The stable outlook reflects S&P's opinion of the City's very strong budgetary
flexibility and liquidity, supported by a strong management team and economy.
TAX DATA
Tax Assessed Tax Adjusted % Collected Total % Collected
Year Valuation(a) Rate Levy within FY as of 09/30/2013(c)
2008 $1,891,409,716 $0.4090 $8,800,927 98.90 99.86
2009 1,933,159,122 0.4342 9,639,945 99.17 99.82
2010 1,968,808,829 0.4493 9,978,430 99.17 99.17
2011 2,151,848,489 0.4843 11,239,572 99.29 99.29
2012 2,769,417,187 0.4999 12,536,540 99.35 99.35
2013 2,542,660,359 0.4974 13,827,678 (In process of collection)
2014 2,782,664,543(b) 0.4974 13,840,973
(a) Includes taxable incremental value. See schedule below for TIRZ captured
values.
(b) Includes $9,943,817 for 2014 under review.
(c) Delinquent tax collections are allocated to the respective years in which
the taxes are levied.
Tax Rate Distribution 2014 2013 2012 2011
Operations $0.3164 $0.3010 $0.2993 $0.2993
I&S 0.1810 0.1964 0.2006 0.1850
------ ------ ------ ------
Totals $0.4974 $0.4974 $0.4999 $0.4843
Tax Rate Limitation: Article XI, Section 5 of Texas Constitution, applicable
to cities of more than 5,000 population; $2.50 per $100 assessed valuation.
City operates under a Home Rule Charter which adopts constitutional provisions.
TAX ABATEMENTS The City has entered into 19 abatement agreements. Tax
abatement losses totaled $19,524,137 for the 2014 tax year.
TAX INCREMENT REINVESTMENT ZONE #2 The City is participating in Tax Increment
Financing (TIF). Under the terms of the Zone agreement, the City of Schertz,
Bexar County, and San Antonio River Authority are funding infrastructure
improvements through tax increment financing to the Sedona Development Project.
The Zone was created in December 2006 with a base value of $3,127,500. The
Zone has a statutory termination date of December 31, 2027. The TIRZ has
collected $186,745 from taxing entities (net of administrative reimbursements)
and remitted $50,376 to the developer as of September 30, 2013.
TAX INCREMENT CAPTURED VALUE:
2010 $19,821,125
2011 16,279,087
2012 14,300,641
2013 15,046,362
2014 11,664,298
Municipal Sales Tax: The City has adopted the provisions of Municipal Sales and
Use Tax Act V.T.C.A, Tax Code, Chapter 321, which grants the City power to
impose and levy a 1% Local Sales and Use Tax within the City; the proceeds are
credited to the General Fund and are not pledged to the payment of the bonds in
this report. Voters approved an additional sales and use tax of 1/2 of 1% for
Schertz Economic Development Corporation (Type B) effective January 1, 1998.
Net allocations on calendar year basis are as follows:
Calendar Total % of Ad Val Equiv of Ad
Year Rate Collected Tax Levy Val Tax Rate
2010 1.500% $6,297,599 63.11% $0.28
2011 1.500 7,002,409 62.30 0.30
2012 1.500 8,130,275 64.85 0.32
2013 1.500 9,716,195 70.26 0.35
DETAILS OF GENERAL OBLIGATION DEBT
Details of Limited Tax Debt (Outstanding 9/30/2013)
Comb Tax & Subord Lien Rev C/O Ser 2005
Tax Treatment: Bank Qualified
Original Issue Amount $3,200,000.00
Dated Date: 05/01/2005
Sale Date: 05/03/2005
Delivery Date: 06/07/2005
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2006
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 1 of 11
All Rights Reserved
Texas Municipal Reports
Paying Agent: Wells Fargo Bank, N.A., Minneapolis, MN
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets
Co-Manager: First Southwest Company
Insurance: Assured Guaranty Municipal Corp. (FSA)
Security : Limited Tax and a Subordinate lien on the Net revenues of the
Utility system
Water & Sewer 100.00%
Use of Proceeds: Utility, Drainage.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 145,000.00 4.0000% 3.730%
---------------------------------------------------$145,000.00
Call Option: Non Callable
Refunded Notes: Maturities refunded by GO Ref Bds Ser 2013
Refunded Amount Mat Date Sched Call Price
155,000 02/01/2015 02/01/2014 Par
325,000 02/01/2017 02/01/2014 Par
170,000 02/01/2018 02/01/2014 Par
180,000 02/01/2019 02/01/2014 Par
185,000 02/01/2020 02/01/2014 Par
195,000 02/01/2021 02/01/2014 Par
860,000 02/01/2025 02/01/2014 Par
______________________________________________________________
GO Bds Ser 2006
Tax Treatment: Tax Exempt
Original Issue Amount $15,000,000.00
Dated Date: 08/01/2006
Sale Date: 08/15/2006
Delivery Date: 09/20/2006
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2007
Paying Agent: Wells Fargo Bank, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets
Co-Manager: RBC Capital Markets
Insurance: National Public Finance Guarantee Corporation
Use of Proceeds: Library, Streets & Sidewalks, Drainage.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 200,000.00 4.0000% 100.00%
02/01/2015 350,000.00 4.0000% 4.060%
02/01/2016 400,000.00 4.0000% 4.110%
02/01/2017 425,000.00 4.1250% 4.240%
02/01/2018 475,000.00 4.2000% 4.320%
02/01/2019 655,000.00 4.3000% 4.410%
02/01/2020 685,000.00 4.3750% 4.470%
02/01/2021 715,000.00 4.4000% 4.530%
02/01/2031T 1,175,000.00 4.6250% 4.770%
-------------------------------------------------$5,080,000.00
Call Option: Bonds maturing on 02/01/2017 to 02/01/2021 and term bonds maturing
on 02/01/2031 callable in whole or in part on any date beginning 02/01/2016 @
par.
Term Call: Term bonds maturing on 02/01/2031:
Mandatory Redemption Date Principal Amount
02/01/2031 $1,175,000
Refunded Notes: Maturities refunded by GO Ref Bds Ser 2014
Refunded Amount Mat Date Coupon Price Sched Call
1,540,000.00 02/01/2023 5.250 Par 02/01/2016
1,715,000.00 02/01/2025 5.250 Par 02/01/2016
1,900,000.00 02/01/2027 5.250 Par 02/01/2016
3,220,000.00* 02/01/2031 4.625 Par 02/01/2016
* Partial Maturity
______________________________________________________________
Comb Tax & Ltd Pledge Rev C/O Ser 2007
Tax Treatment: Tax Exempt
Original Issue Amount $9,915,000.00
Dated Date: 01/01/2007
Sale Date: 12/19/2006
Delivery Date: 01/17/2007
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 02/01, 08/01
1st Coupon Date: 08/01/2007
Paying Agent: The Bank of New York Mellon Trust Company, N.A., Houston, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: JPMorgan Chase Bank, N.A.
Security : Limited Tax and a subordinate lien on the net revenues of the
Waterworks & Sewer system not to exceed $1,000.
Sales Tax 7.69%
Water & Sewer 83.25%
Use of Proceeds: Utility, Streets & Drainage, Public Works, Energy Management
Sys, Communication Equipment.
Orig Reoffering
Maturity Amount Coupon Price/Yield
08/01/2014 605,000.00 4.0100% N/A
08/01/2015 630,000.00 4.0100% N/A
08/01/2016 655,000.00 4.0100% N/A
08/01/2017 330,000.00 4.0100% N/A
08/01/2018 340,000.00 4.0100% N/A
08/01/2019 355,000.00 4.0100% N/A
08/01/2020 370,000.00 4.0100% N/A
08/01/2021 385,000.00 4.0100% N/A
08/01/2022 400,000.00 4.0100% N/A
08/01/2023 420,000.00 4.0100% N/A
08/01/2024 435,000.00 4.0100% N/A
08/01/2025 455,000.00 4.0100% N/A
08/01/2026 470,000.00 4.0100% N/A
-------------------------------------------------$5,850,000.00
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 2 of 11
All Rights Reserved
Texas Municipal Reports
Call Option: Bonds maturing on 08/01/2018 to 08/01/2026 callable in whole or in
part on any date beginning 08/01/2017 @ par.
______________________________________________________________
GO Bds Ser 2007
Tax Treatment: Tax Exempt
Original Issue Amount $6,000,000.00
Dated Date: 09/01/2007
Sale Date: 09/04/2007
Delivery Date: 09/24/2007
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2008
Paying Agent: The Bank of New York Mellon Trust Company, N.A., Houston, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: JPMorgan Chase Bank, N.A.
Use of Proceeds: Recreational Facilities, Streets & Sidewalks, Drainage.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2027T 4,540,000.00 4.0700% N/A
-------------------------------------------------$4,540,000.00
Call Option: Term bonds maturing on 02/01/2027 callable in whole or in part on
any date @ par plus a Prepayment Fee as specified in the Indenture.
Term Call: Term bonds maturing on 02/01/2027:
Mandatory Redemption Date Principal Amount
02/01/2008 $190,000
02/01/2009 $285,000
02/01/2010 $250,000
02/01/2011 $275,000
02/01/2012 $225,000
02/01/2013 $235,000
02/01/2014 $245,000
02/01/2015 $255,000
02/01/2016 $265,000
02/01/2017 $280,000
02/01/2018 $290,000
02/01/2019 $300,000
02/01/2020 $315,000
02/01/2021 $325,000
02/01/2022 $340,000
02/01/2023 $355,000
02/01/2024 $370,000
02/01/2025 $385,000
02/01/2026 $400,000
02/01/2027 $415,000
______________________________________________________________
GO Bds Ser 2008
Tax Treatment: Bank Qualified
Original Issue Amount $9,900,000.00
Dated Date: 08/01/2008
Sale Date: 08/12/2008
Delivery Date: 09/10/2008
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2009
Paying Agent: Bank of America, N.A., Dallas, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Bank of America, N.A., Dallas, TX
Use of Proceeds: Recreational Facilities, Streets & Sidewalks.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 430,000.00 4.1300% N/A
02/01/2015 420,000.00 4.1300% N/A
02/01/2016 440,000.00 4.1300% N/A
02/01/2017 460,000.00 4.1300% N/A
02/01/2018 475,000.00 4.1300% N/A
02/01/2019 500,000.00 4.1300% N/A
02/01/2020 520,000.00 4.1300% N/A
02/01/2021 540,000.00 4.1300% N/A
02/01/2022 565,000.00 4.1300% N/A
02/01/2023 585,000.00 4.1300% N/A
02/01/2024 610,000.00 4.1300% N/A
02/01/2025 640,000.00 4.1300% N/A
02/01/2026 665,000.00 4.1300% N/A
02/01/2027 690,000.00 4.1300% N/A
02/01/2028 720,000.00 4.1300% N/A
-------------------------------------------------$8,260,000.00
Call Option: Bonds maturing on 02/01/2019 to 02/01/2028 callable in whole or in
part on any date beginning 02/01/2018 @ par.
______________________________________________________________
GO & Ref Bds Ser 2009
Tax Treatment: Bank Qualified
Original Issue Amount $9,500,000.00
Dated Date: 07/01/2009
Sale Date: 07/14/2009
Delivery Date: 08/13/2009
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2010
Paying Agent: Wells Fargo Bank, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets, Inc.
Co-Manager: First Southwest Company
Economic Development Corp (Type B) 22.07%
Use of Proceeds: Streets, Refunding, Recreational Facilities.
Refunding Notes: This issue defeased mty(s) 2/1/2010-2/1/2018 of GO Bds Ser 98
@ par.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 590,000.00 2.5000% 2.330%
02/01/2015 535,000.00 3.0000% 2.620%
02/01/2016 540,000.00 3.0000% 2.880%
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 3 of 11
All Rights Reserved
Texas Municipal Reports
02/01/2017 550,000.00 3.0000% 3.160%
02/01/2018 550,000.00 3.2500% 3.340%
02/01/2019 210,000.00 3.5000% 3.510%
02/01/2020 250,000.00 3.7500% 3.760%
02/01/2022T 350,000.00 4.0500% 4.060%
02/01/2024T 390,000.00 4.2500% 100.00%
02/01/2028T 1,160,000.00 4.5000% 4.600%
02/01/2033T 2,555,000.00 5.5000% 4.700%
-------------------------------------------------$7,680,000.00
Call Option: Bonds maturing on 02/01/2020 and term bonds maturing on 02/01/2022
and 02/01/2024 and 02/01/2028 and 02/01/2033 callable in whole or in part on
any date beginning 02/01/2019 @ par.
Term Call: Term bonds maturing on 02/01/2022:
Mandatory Redemption Date Principal Amount
02/01/2021 $190,000
02/01/2022 $160,000
Term bonds maturing on 02/01/2024:
Mandatory Redemption Date Principal Amount
02/01/2023 $175,000
02/01/2024 $215,000
Term bonds maturing on 02/01/2028:
Mandatory Redemption Date Principal Amount
02/01/2025 $200,000
02/01/2026 $210,000
02/01/2027 $220,000
02/01/2028 $530,000
Term bonds maturing on 02/01/2033:
Mandatory Redemption Date Principal Amount
02/01/2029 $455,000
02/01/2030 $480,000
02/01/2031 $510,000
02/01/2032 $540,000
02/01/2033 $570,000
______________________________________________________________
Tax Notes Ser 2010
Tax Treatment: Bank Qualified
Original Issue Amount $1,580,000.00
Dated Date: 06/15/2010
Sale Date: 06/15/2010
Delivery Date: 07/13/2010
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2011
Paying Agent: Schertz Bank & Trust, Schertz, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Schertz Bank & Trust, Schertz, TX
Economic Development Corp (Type B) 80.00%
Use of Proceeds: Public Improvements.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 320,000.00 2.2500% N/A
02/01/2015 330,000.00 2.5500% N/A
---------------------------------------------------$650,000.00
Call Option: Non Callable
______________________________________________________________
GO Ref Bds Ser 2010
Tax Treatment: Bank Qualified
Original Issue Amount $2,865,000.00
Dated Date: 10/01/2010
Sale Date: 11/02/2010
Delivery Date: 11/30/2010
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2011
Paying Agent: Wells Fargo Bank, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets, Inc.
Use of Proceeds: Refunding.
Refunding Notes: This issue defeased mty(s) 2/1/2012-2/1/2021 of Comb Tax & Ltd
Pledge Rev C/O Ser 2001 @ par.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 260,000.00 2.5000% 1.300%
02/01/2015 265,000.00 3.0000% 1.550%
02/01/2016 275,000.00 3.0000% 1.850%
02/01/2017 285,000.00 3.0000% 2.150%
02/01/2018 285,000.00 3.0000% 2.400%
02/01/2019 300,000.00 3.0000% 2.650%
02/01/2020 310,000.00 4.0000% 2.850%
02/01/2021 320,000.00 4.0000% 3.020%
-------------------------------------------------$2,300,000.00
Call Option: Bonds maturing on 02/01/2019 to 02/01/2021 callable in whole or in
part on any date beginning 02/01/2018 @ par.
______________________________________________________________
GO Bds Ser 2011
Tax Treatment: Tax Exempt
Original Issue Amount $8,250,000.00
Dated Date: 03/01/2011
Sale Date: 03/29/2011
Delivery Date: 04/26/2011
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2012
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets, Inc.
Co-Manager: Piper Jaffray & Co.
Use of Proceeds: Sports Complex, Aquatic Center, Animal Shelter.
Orig Reoffering
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 4 of 11
All Rights Reserved
Texas Municipal Reports
Maturity Amount Coupon Price/Yield
02/01/2014 210,000.00 4.0000% 1.250%
02/01/2015 220,000.00 4.0000% 1.750%
02/01/2016 225,000.00 3.0000% 2.070%
02/01/2017 235,000.00 3.0000% 2.410%
02/01/2018 240,000.00 3.5000% 2.730%
02/01/2019 250,000.00 3.5000% 3.010%
02/01/2020 260,000.00 4.0000% 3.300%
02/01/2021 270,000.00 5.0000% 3.500%
02/01/2023T 585,000.00 5.5000% 3.900%
02/01/2024 315,000.00 4.0000% 4.130%
02/01/2025 330,000.00 4.1250% 4.260%
02/01/2026 345,000.00 4.2500% 4.400%
02/01/2027 360,000.00 4.3750% 4.500%
02/01/2028 375,000.00 4.5000% 4.610%
02/01/2029 390,000.00 4.6250% 4.720%
02/01/2030 410,000.00 4.7500% 4.800%
02/01/2032T 885,000.00 5.0000% 100.00%
02/01/2034T 975,000.00 5.0000% 5.050%
02/01/2036T 1,080,000.00 5.0000% 5.110%
-------------------------------------------------$7,960,000.00
Call Option: Bonds maturing on 02/01/2024 to 02/01/2030 and term bonds maturing
on 02/01/2023 and 02/01/2032 and 02/01/2034 and 02/01/2036 callable in whole or
in part on any date beginning 02/01/2021 @ par.
Term Call: Term bonds maturing on 02/01/2023:
Mandatory Redemption Date Principal Amount
02/01/2022 $285,000
02/01/2023 $300,000
Term bonds maturing on 02/01/2032:
Mandatory Redemption Date Principal Amount
02/01/2031 $430,000
02/01/2032 $455,000
Term bonds maturing on 02/01/2034:
Mandatory Redemption Date Principal Amount
02/01/2033 $475,000
02/01/2034 $500,000
Term bonds maturing on 02/01/2036:
Mandatory Redemption Date Principal Amount
02/01/2035 $525,000
02/01/2036 $555,000
______________________________________________________________
GO Ref Bds Ser 2011
Tax Treatment: Tax Exempt
Original Issue Amount $2,675,000.00
Dated Date: 06/01/2011
Sale Date: 06/07/2011
Delivery Date: 06/30/2011
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 09/01, 03/01
1st Coupon Date: 03/01/2012
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: SAMCO Capital Markets, Inc.
Water & Sewer 100.00%
Use of Proceeds: Refunding.
Refunding Notes: This issue defeased mty(s) 9/1/2012-9/1/2021 of Util Sys Rev &
Ref Bds Ser 2001 @ par.
Orig Reoffering
Maturity Amount Coupon Price/Yield
09/01/2014 290,000.00 2.0000% 1.250%
09/01/2015 300,000.00 2.0000% 1.500%
09/01/2016 300,000.00 2.0000% 1.700%
09/01/2017 300,000.00 2.0000% 2.100%
09/01/2018 225,000.00 2.2500% 2.450%
09/01/2019 230,000.00 2.5000% 2.750%
09/01/2020 235,000.00 2.7500% 3.000%
09/01/2021 240,000.00 3.0000% 3.200%
-------------------------------------------------$2,120,000.00
Call Option: Bonds maturing on 09/01/2020 to 09/01/2021 callable in whole or in
part on any date beginning 09/01/2019 @ par.
______________________________________________________________
GO Ref Bds Ser 2011A
Tax Treatment: Tax Exempt
Original Issue Amount $6,745,000.00
Dated Date: 12/01/2011
Sale Date: 11/15/2011
Delivery Date: 12/15/2011
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2012
Paying Agent: Compass Bank, Houston, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Compass Mortgage Corporation, Houston, TX
Use of Proceeds: Refunding.
Refunding Notes: This issue defeased mty(s) 2/1/2014-2/1/2018 of Comb Tax & Ltd
Pledge Rev C/O Ser 2003 @ par.
This issue defeased mty(s) 02/01/2014-02/01/2022, 02/01/2024 of Comb Tax & Ltd
Pledge Rev C/O Ser 2004 @ par.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 615,000.00 2.3300% N/A
02/01/2015 610,000.00 2.3300% N/A
02/01/2016 605,000.00 2.3300% N/A
02/01/2017 620,000.00 2.3300% N/A
02/01/2018 635,000.00 2.3300% N/A
02/01/2019 485,000.00 2.3300% N/A
02/01/2020 475,000.00 2.3300% N/A
02/01/2021 485,000.00 2.3300% N/A
02/01/2022 670,000.00 2.3300% N/A
02/01/2023 675,000.00 2.3300% N/A
02/01/2024 660,000.00 2.3300% N/A
-------------------------------------------------$6,535,000.00
Call Option: Bonds maturing on 02/01/2022 to 02/01/2024 callable in whole or in
part on any date beginning 02/01/2021 @ par.
______________________________________________________________
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 5 of 11
All Rights Reserved
Texas Municipal Reports
GO Bds Ser 2012
Tax Treatment: Tax Exempt
Original Issue Amount $7,625,000.00
Dated Date: 08/01/2012
Sale Date: 08/28/2012
Delivery Date: 09/13/2012
Sale Type: Competitive
TIC: 2.8627%
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2013
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: Hutchinson Shockey Erley & Co.
Use of Proceeds: Aquatic Center, Sports Complex, Downtown Area.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 285,000.00 5.0000% 0.350%
02/01/2015 295,000.00 3.8750% 0.600%
02/01/2016 310,000.00 3.8750% 0.800%
02/01/2017 320,000.00 4.3500% 1.000%
02/01/2018 335,000.00 4.0000% 1.300%
02/01/2019 345,000.00 2.0000% 1.550%
02/01/2020 355,000.00 3.0000% 1.800%
02/01/2021 365,000.00 3.0000% 2.000%
02/01/2022 375,000.00 2.2500% 2.150%
02/01/2023 385,000.00 2.2500% 2.400%
02/01/2024 390,000.00 2.5000% 2.600%
02/01/2025 400,000.00 2.7000% 2.750%
02/01/2026 415,000.00 2.8000% 2.900%
02/01/2028T 865,000.00 3.0000% 3.100%
02/01/2030T 915,000.00 3.0000% 3.160%
02/01/2032T 975,000.00 3.1000% 3.240%
-------------------------------------------------$7,330,000.00
Call Option: Bonds maturing on 02/01/2023 to 02/01/2026 and term bonds maturing
on 02/01/2028 and 02/01/2030 and 02/01/2032 callable in whole or in part on any
date beginning 02/01/2022 @ par.
Term Call: Term bonds maturing on 02/01/2028:
Mandatory Redemption Date Principal Amount
02/01/2027 $425,000
02/01/2028 $440,000
Term bonds maturing on 02/01/2030:
Mandatory Redemption Date Principal Amount
02/01/2029 $450,000
02/01/2030 $465,000
Term bonds maturing on 02/01/2032:
Mandatory Redemption Date Principal Amount
02/01/2031 $480,000
02/01/2032 $495,000
______________________________________________________________
Tax Notes Ser 2013
Tax Treatment: Tax Exempt
Original Issue Amount $835,000.00
Dated Date: 04/01/2013
Sale Date: 04/09/2013
Delivery Date: 04/30/2013
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2014
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Presidio Short Term Tax Exempt Fund, LP
Use of Proceeds: Public Safety.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 160,000.00 0.7000% 100.00%
02/01/2015 165,000.00 0.9000% 100.00%
02/01/2016 170,000.00 1.0000% 100.00%
02/01/2017 170,000.00 1.3000% 100.00%
02/01/2018 170,000.00 1.7000% 100.00%
---------------------------------------------------$835,000.00
Call Option: Non Callable
______________________________________________________________
Tax Notes Ser 2013A
Tax Treatment: Bank Qualified
Original Issue Amount $800,000.00
Dated Date: 05/15/2013
Sale Date: 05/14/2013
Delivery Date: 06/04/2013
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2014
Paying Agent: Branch Banking & Trust Company, Charlotte, NC
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Branch Banking & Trust Company, Charlotte, NC
Use of Proceeds: Public Safety.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 155,000.00 1.3000% N/A
02/01/2015 160,000.00 1.3000% N/A
02/01/2016 160,000.00 1.3000% N/A
02/01/2017 160,000.00 1.3000% N/A
02/01/2018 165,000.00 1.3000% N/A
---------------------------------------------------$800,000.00
Call Option: Bonds maturing on 02/01/2016 to 02/01/2018 callable in whole on
any date beginning 02/01/2015 @ par.
______________________________________________________________
Comb Tax & Ltd Pledge Rev C/O Ser 2013
Tax Treatment: Bank Qualified
Original Issue Amount $4,965,000.00
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 6 of 11
All Rights Reserved
Texas Municipal Reports
Dated Date: 09/01/2013
Sale Date: 09/10/2013
Delivery Date: 10/10/2013
Sale Type: Competitive
TIC: 3.1347%
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2014
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: First Southwest Company
Security : Limited Tax and a Subordinate lien on the Net revenues of the
Utility system anticipated to be $1,000.
Water & Sewer 63.44%
Use of Proceeds: Public Improvements.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 230,000.00 2.0000% 0.250%
02/01/2015 235,000.00 2.0000% 0.450%
02/01/2016 240,000.00 2.0000% 0.750%
02/01/2017 380,000.00 2.0000% 1.000%
02/01/2018 390,000.00 2.0000% 1.350%
02/01/2019 395,000.00 2.2500% 1.600%
02/01/2020 405,000.00 2.5000% 1.900%
02/01/2021 415,000.00 3.0000% 2.180%
02/01/2022 155,000.00 3.0000% 2.350%
02/01/2023 160,000.00 3.0000% 2.550%
02/01/2024 165,000.00 3.5000% 2.700%
02/01/2025 170,000.00 3.5000% 2.850%
02/01/2026 175,000.00 3.5000% 3.000%
02/01/2028T 375,000.00 4.0000% 3.400%
02/01/2030T 405,000.00 4.0000% 3.800%
02/01/2033T 670,000.00 4.0000% 4.150%
-------------------------------------------------$4,965,000.00
Call Option: Bonds maturing on 02/01/2023 to 02/01/2026 and term bonds maturing
on 02/01/2028 and 02/01/2030 and 02/01/2033 callable in whole or in part on any
date beginning 02/01/2022 @ par.
Term Call: Term bonds maturing on 02/01/2028:
Mandatory Redemption Date Principal Amount
02/01/2027 $185,000
02/01/2028 $190,000
Term bonds maturing on 02/01/2030:
Mandatory Redemption Date Principal Amount
02/01/2029 $200,000
02/01/2030 $205,000
Term bonds maturing on 02/01/2033:
Mandatory Redemption Date Principal Amount
02/01/2031 $215,000
02/01/2032 $225,000
02/01/2033 $230,000
______________________________________________________________
GO Ref Bds Ser 2013
Tax Treatment: Bank Qualified
Original Issue Amount $2,160,000.00
Dated Date: 09/01/2013
Sale Date: 09/10/2013
Delivery Date: 10/10/2013
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2014
Paying Agent: Compass Bank, Houston, TX
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Compass Bank
Water & Sewer 100.00%
Use of Proceeds: Refunding.
Refunding Notes: This bond refunded maturities from the following issues:
Comb Tax & Subord Lien Rev C/O Ser 2005
Refunded Amount Mat Date Sched Call Price
155,000 02/01/2015 02/01/2014 Par
325,000 02/01/2017 02/01/2014 Par
170,000 02/01/2018 02/01/2014 Par
180,000 02/01/2019 02/01/2014 Par
185,000 02/01/2020 02/01/2014 Par
195,000 02/01/2021 02/01/2014 Par
860,000 02/01/2025 02/01/2014 Par
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 30,000.00 2.5800% N/A
02/01/2015 175,000.00 2.5800% N/A
02/01/2016 175,000.00 2.5800% N/A
02/01/2017 180,000.00 2.5800% N/A
02/01/2018 180,000.00 2.5800% N/A
02/01/2019 190,000.00 2.5800% N/A
02/01/2020 190,000.00 2.5800% N/A
02/01/2021 200,000.00 2.5800% N/A
02/01/2022 205,000.00 2.5800% N/A
02/01/2023 205,000.00 2.5800% N/A
02/01/2024 215,000.00 2.5800% N/A
02/01/2025 215,000.00 2.5800% N/A
-------------------------------------------------$2,160,000.00
Call Option: Bonds maturing on 02/01/2024 to 02/01/2025 callable in whole or in
part on any date beginning 02/01/2023 @ par.
______________________________________________________________
GO Ref Bds Ser 2014
Tax Treatment: Bank Qualified
Original Issue Amount $8,450,000.00
Dated Date: 05/15/2014
Sale Date: 06/03/2014
Delivery Date: 06/26/2014
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2015
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski LLP
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 7 of 11
All Rights Reserved
Texas Municipal Reports
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Purchaser: Frost Bank
Lead Manager: SAMCO Capital Markets, Inc.
Underwriter's Counsel: McCall Parkhurst & Horton L.L.P.
Use of Proceeds: Refunding.
Refunding Notes: This bond refunded maturities from the following issues:
GO Bds Ser 2006
Refunded Amount Mat Date Coupon Price Sched Call
1,540,000.00 02/01/2023 5.250 Par 02/01/2016
1,715,000.00 02/01/2025 5.250 Par 02/01/2016
1,900,000.00 02/01/2027 5.250 Par 02/01/2016
3,220,000.00* 02/01/2031 4.625 Par 02/01/2016
* Partial Maturity
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2015 50,000.00 2.0000% 0.350%
02/01/2016 100,000.00 2.0000% 0.450%
02/01/2017 100,000.00 2.0000% 0.800%
02/01/2018 100,000.00 3.0000% 1.050%
02/01/2019 100,000.00 3.0000% 1.250%
02/01/2020 100,000.00 3.0000% 1.550%
02/01/2021 100,000.00 3.0000% 1.750%
02/01/2022 750,000.00 3.0000% 1.900%
02/01/2023 775,000.00 3.0000% 2.050%
02/01/2024 800,000.00 3.5000% 2.200%
02/01/2025 830,000.00 3.5000% 2.400%
02/01/2026 860,000.00 3.5000% 2.500%
02/01/2027 890,000.00 4.0000% 2.550%
02/01/2028 930,000.00 4.0000% 2.650%
02/01/2029 960,000.00 4.0000% 2.750%
02/01/2030 1,005,000.00 3.5000% 3.100%
-------------------------------------------------$8,450,000.00
Call Option: Bonds maturing on 02/01/2024 to 02/01/2030 callable in whole or in
part on any date beginning 02/01/2023 @ par.
______________________________________________________________
Tax Notes Ser 2015
Tax Treatment: Tax Exempt
Original Issue Amount $2,125,000.00
Dated Date: 12/01/2014
Sale Date: 12/16/2014
Delivery Date: 01/08/2015
Sale Type: Private Placement
Record Date: MSRB
Bond Form: BE
Denomination $100,000
Interest pays Semi-Annually: 02/01, 08/01
1st Coupon Date: 08/01/2015
Paying Agent: Frost Bank, San Antonio, TX
Bond Counsel: Norton Rose Fulbright US LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Purchaser: Frost Bank, San Antonio, TX
Use of Proceeds: Public Works.
Orig Reoffering
Maturity Amount Coupon Price/Yield
08/01/2015 270,000.00 1.7500% N/A
08/01/2016 315,000.00 1.7500% N/A
08/01/2017 330,000.00 1.7500% N/A
08/01/2018 335,000.00 1.7500% N/A
08/01/2019 340,000.00 1.7500% N/A
08/01/2020 345,000.00 1.7500% N/A
08/01/2021 190,000.00 1.7500% N/A
-------------------------------------------------$2,125,000.00
Call Option: Non Callable
______________________________________________________________
GRAND TOTAL================================> $77,785,000.00
BOND DEBT SERVICE
Period Ending Principal Interest Debt Service
---------------------------------------------------------
09/30/14 4,770,000.00 2,627,524.30 7,397,524.30
09/30/15 5,265,000.00 2,580,972.19 7,845,972.19
09/30/16 5,175,000.00 2,378,792.50 7,553,792.50
09/30/17 5,125,000.00 2,218,871.13 7,343,871.13
09/30/18 5,190,000.00 2,062,965.50 7,252,965.50
09/30/19 4,655,000.00 1,910,414.00 6,565,414.00
09/30/20 4,815,000.00 1,755,828.63 6,570,828.63
09/30/21 4,740,000.00 1,588,476.75 6,328,476.75
09/30/22 3,905,000.00 1,432,683.25 5,337,683.25
09/30/23 4,035,000.00 1,298,598.00 5,333,598.00
09/30/24 4,175,000.00 1,158,398.50 5,333,398.50
09/30/25 3,625,000.00 1,019,704.75 4,644,704.75
09/30/26 3,540,000.00 885,577.75 4,425,577.75
09/30/27 3,185,000.00 745,486.00 3,930,486.00
09/30/28 3,185,000.00 617,861.75 3,802,861.75
09/30/29 2,455,000.00 502,150.00 2,957,150.00
09/30/30 2,565,000.00 399,068.75 2,964,068.75
09/30/31 2,810,000.00 283,781.88 3,093,781.88
09/30/32 1,715,000.00 181,697.50 1,896,697.50
09/30/33 1,275,000.00 111,150.00 1,386,150.00
09/30/34 500,000.00 66,500.00 566,500.00
09/30/35 525,000.00 40,875.00 565,875.00
09/30/36 555,000.00 13,875.00 568,875.00
---------------------------------------------------------
77,785,000.00 25,881,253.11 103,666,253.11
=========================================================
COMPUTED ON BASIS OF MANDATORY REDEMPTION
DEBT AMORTIZATION RATES
% of Principal
Period Ending Principal Retired
09/30/2014 4,770,000.00 06.13%
09/30/2015 5,265,000.00 12.90%
09/30/2016 5,175,000.00 19.55%
09/30/2017 5,125,000.00 26.14%
09/30/2018 5,190,000.00 32.81%
09/30/2019 4,655,000.00 38.80%
09/30/2020 4,815,000.00 44.99%
09/30/2021 4,740,000.00 51.08%
09/30/2022 3,905,000.00 56.10%
09/30/2023 4,035,000.00 61.29%
09/30/2024 4,175,000.00 66.66%
09/30/2025 3,625,000.00 71.32%
09/30/2026 3,540,000.00 75.87%
09/30/2027 3,185,000.00 79.96%
09/30/2028 3,185,000.00 84.06%
09/30/2029 2,455,000.00 87.21%
09/30/2030 2,565,000.00 90.51%
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 8 of 11
All Rights Reserved
Texas Municipal Reports
09/30/2031 2,810,000.00 94.12%
09/30/2032 1,715,000.00 96.33%
09/30/2033 1,275,000.00 97.97%
09/30/2034 500,000.00 98.61%
09/30/2035 525,000.00 99.29%
09/30/2036 555,000.00 100.00%
DEBT SERVICE FUND MANAGEMENT INDEX
G.O. Debt Service Requirements for
fiscal year-ending 09/30/2014 $7,397,524
I&S Fds all G.O. issues 09/30/2013 $517,199*
2013 I&S Fund Tax Levy @ 90%** 4,494,406
Water & Sewer 1,575,730
Economic Development Corp (Type B) 529,733
* Excludes portion in the Water & Sewer Fund for System GO debt.
** The tax levy collection percentage would have to be 96 % to meet debt
service requirements.
ECONOMIC DEVELOPMENT CORPORATION STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN FUND BALANCES
Fiscal Year Ended
09-30-2013 09-30-2012 09-30-2011 09-30-2010
Revenues:
Taxes $3,215,620 $2,659,194 $2,352,177 $2,080,254
Interest 8,821 9,195 13,078 25,381
Operating grants 0 0 100,000 0
Other 0 16,848 12,537 158,317
-------- -------- -------- --------
Total Revenues $3,224,441 $2,685,237 $2,477,792 $2,263,952
Expenses:
Economic Development $770,739 $918,928 $1,836,643 $1,718,993
Debt Service 428,504 428,329 428,107 163,697
Other 0 0 396,179 496,205
-------- -------- -------- --------
Total Expenses $1,199,243 $1,347,257 $2,660,929 $2,378,895
Excess (Deficiency) of
Revenues Over (Under)
Expenditures $2,025,198 $1,337,980 ($183,137) ($114,943)
Other Financing
Sources(Uses) $(369,075) $ (366,825) $ -0- -0-
Proceed from issuance
of Debt $ -0- $ -0- $ -0- $1,270,000
Beginning Balance $4,486,085 $3,514,930 $3,698,067 $2,543,010
Ending Balance $6,142,208 $4,486,085 $3,514,930 $3,698,067
GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED
Election Amount Issued
Date Purpose Authorized To Date Unissued
12/16/61 Sewer Imprs $315,000 $301,000 $14,000*
07/18/70 Sewer Imprs 250,000 0 250,000*
08/09/97 Fire Station 1,969,840 1,969,245 595*
08/09/97 EMS Building 1,012,330 1,012,000 330*
___________ ___________ ___________
Total: $3,547,170 $3,282,245 $264,925
* The City does not anticipate issuing these bonds.
PENSION FUND LIABILITY
All qualified employees of the City are members of the Texas Municipal
Retirement System. The City employees also participate in the U.S. Social
Security program.
Changes in Texas Municipal Retirement System (TMRS) Actuarial Method and Plan
Assumptions
In early 2007, TMRS informed each of the member cities that the current
actuarial assumptions did not take into account updated service credits or cost
of living increases which are granted to retirees. These benefits, which some
cities adopted, have been historically funded on a pay-as-you-go basis. This
has led to regular increases in member cities' rates and a decrease in the
overall funding of the retirement system. TMRS announced that it intended to
study the impact of these benefit components and make potential changes in the
way benefits are being funded.
After careful deliberation, the TMRS board approved several changes at its
November and December meetings to the actuarial methods and plan assumptions.
The board changed the actuarial method from unit credit to projected unit
credit. Projected unit credit will allow the actuaries to consider the future
financial impact of updated service credits and cost of living increases, and
these benefits will begin to be pre-funded instead of funded on a pay-as-you-go
basis. To mitigate the impact of this change, the board approved an eight year
transition period. During this time, cities will be able to phase in the higher
contribution rates instead of being required to fund these new rates
immediately. Also, the board changed the amortization period from a 25-year
open period to a 30-year closed period. Under a closed amortization period,
contribution rates are higher, but a greater percentage of the unfunded balance
is paid off each year. Finally, the board approved changes to the investment
policy. TMRS has historically invested solely in fixed income investments. The
board authorized the selection of an investment advisor to begin shifting a
portion of investments into equity securities as a way to diversify the
portfolio's holdings and earn higher returns than could be obtained with fixed
income investments.
Required Contribution Rates (Percentage of gross covered salary)
2015 2014
Employee: 7.00% 7.00%
City: 15.95%(a) 15.29%(a)
(a) The City has elected a phase-in rate. See Explanation in paragraphs above.
The City's Grand Total Rate without Maximum or Phase-in for 2015 was 16.39%,
and 2014 was 15.76%.
Actuarial Valuation as of 12/31/2013 12/31/2012
Assets $30,541,625 $26,273,784
Accrued Liabilities $45,615,815 $38,771,665
-------------- --------------
(Unfunded)/Overfunded Liab. ($15,074,190) ($12,497,881)
Funded Ratio 66.95% 67.77%
Annual Covered Payroll $15,017,614 $13,853,458
(Unfunded)/Overfunded Liability
as a % of Covered Payroll (100.38)% (90.21)%
2013 Source: Texas Municipal Retirement System 12/31/2013 CAFR
2012 Source: City of Schertz 09/30/2013 CAFR
SUPPLEMENTAL DEATH BENEFIT PLAN The City also participates in the cost sharing
multi-employer defined benefit group-term life insurance plan operated by TMRS
known as Supplemental Death Benefits Fund (SDBF). The City elected, by
ordinance, to provide group-term life insurance coverage to both current and
retired employees. The death benefit for active employees provides a lump-sum
payment approximately equal to the employee's annual salary (calculated based
on the employee's actual earnings, for the 12-month period preceding the month
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 9 of 11
All Rights Reserved
Texas Municipal Reports
of death); retired employees are insured for $7,500.
CONTRIBUTION The City contributes to the SDBF at a contractually required rate
as determined by an annual actuarial valuation. The rate is equal to the cost
of providing one-year term life insurance. The funding policy for the SDBF
program is to assure that adequate resources are available to meet all death
benefit payments for the upcoming year; the intent is not to pre-fund retiree
life insurance during the employees' entire careers. The City's contributions
to the TMRS SDBF for the years ended 2013, 2012, and 2011 were $21,151,
$22,274, and $25,723, respectively, which equaled the required contributions
each year.
Source: City of Schertz Comprehensive Annual Financial Report dated September
30, 2013.
NON-FUNDED DEBT PAYABLE (As of September 30, 2013)
The City reports additional debt in the principal amount of $86,702 under
Business-type Activities and $881,966 under Govt Activities as follows:
Amount Next Year's Reported
Outstanding Requirements Under
__________________________________________________________________________
Compensated Absences $86,702 N/A Business-type Activities
Capital Lease $22,398 $22,578 Govt Activities
Compensated Absences $859,568 N/A Govt Activities
ESTIMATED OVERLAPPING DEBT STATEMENT
Taxing Body Debt Amount As Of %Ovlpg Ovlpg Amt
Alamo CCD $481,341,256 12/31/13 0.18 $866,414
Bexar Co 1,073,083,557 09/30/14 0.18 1,931,550
Bexar Co Hosp Dist. 709,120,000 * 01/31/15 0.18 1,276,416
Comal Co 52,053,361 06/01/14 4.45 2,316,375
Comal ISD 474,533,425 * 01/31/15 2.60 12,337,869
Guadalupe Co 12,785,000 * 01/31/15 18.78 2,401,023
San Antonio RA 25,875,000 * 01/31/15 0.14 36,225
Schertz-Cibolo-Universal
City ISD 324,960,682 08/01/14 49.75 161,667,939
-----------
Total Overlapping Debt: $182,833,812
Schertz, City of 09/30/13 $62,158,039
-----------
Total Direct and Overlapping Debt: $244,991,851
Total Direct and Overlapping Debt % of A.V.: 8.80%
Total Direct and Overlapping Debt per Capita: $7,335
* Gross Debt
ECONOMIC BACKGROUND
The City of Schertz is a retail center and fast-growing suburb located
approximately 20 miles northeast of San Antonio and is between the Cities of
San Antonio and New Braunfels, on Interstate 35 and FM 78 and on Interstate 10,
between San Antonio and Seguin. The City is near the center of the San Antonio
Metropolitan Statistical Area. The City serves an agricultural area in the
process of transforming into an urban setting with rapid growth. The City is
located in Guadalupe County with a portion extending into Bexar and Comal
Counties. The City's 2010 census was 31,465, increasing 68.32% since 2000.
COUNTY CHARACTERISTICS: Guadalupe County was created and organized in 1846 from
Bexar and Gonzales Counties and named after the Guadalupe River. The County is
located in south central Texas.
COUNTY SEAT: Seguin
2010 census: 131,533 increasing 47.8 % since 2000
2000 census: 89,023 increasing 37.2 % since 1990
1990 census: 64,873
ECONOMIC BASE
Mineral: oil, gravel, gas and clay.
Industry: varied manufacturing, tourism and agribusiness.
Agricultural: row crops, nursery crops, hay and cattle.
PARKS
Year Description Volume
2009 Sebastopol 2,608 Visitors
2010 Sebastopol 2,351 Visitors
RETAIL SALES & EFFECTIVE BUYING INCOME(a)
Year 2013 2012 2011
Retail Sales $1.5B $1.4B $1.4B
Effective Buying Income (EBI) $3.0B $2.7B $2.4B
County Median Household Income $51,246 $46,505 $46,351
State Median Household Income $48,646 $47,613 $47,705
% of Households with EBI below $25K 9.6 % 11.3 % 11.4 %
% of Households with EBI above $25K 73.6 % 70.6 % 71.7 %
EMPLOYMENT DATA
2014 2013 2012
Employed Earnings Employed Earnings Employed Earnings
1st Q: 32,386 $313.6M 31,291 $290.0M 30,473 $285.2M
2nd Q: N/A N/A 31,728 $294.1M 31,040 $283.1M
3rd Q: N/A N/A 31,081 $298.8M 30,013 $280.6M
4th Q: N/A N/A 31,830 $320.5M 30,880 $304.9M
MAJOR COLLEGES AND UNIVERSITIES: Texas Lutheran University
COLLEGES AND UNIVERSITIES
Year Total Fall Enrollment
2013 1 1,341
2012 1 1,317
2011 1 1,415
2010 1 1,340
2009 1 1,387
2008 1 1,432
(a) DemographicsUSA County Edition
Any data on population, value added by manufacturing or production of minerals
or agricultural products are from US Census or other official sources.
Major Employers(a) # Employees
Schertz-Cibolo-Universal City ISD 900
School
Sysco Central Texas 650
Food Distributer
Vision Works 550
Medical
Wal-Mart Stores 400
Retail
HEB Grocery Co. 350
Grocery Store
City of Schertz 350
Government
Brandt Engineering 350
Engineering
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 10 of 11
All Rights Reserved
Texas Municipal Reports
Republic Beverage Company 250
Beverage Services
CST Distribution 200
Distributer
Federal Express Freight 175
Freight
(a) Source: City of Schertz Comprehensive Annual Financial Report dated
September 30, 2013.
Principal Taxpayers 2014 AV % of AV
1. Caterpillar $157,733,450 5.67%
Heavy Machinery
2. Sysco San Antonio 100,587,449 3.61%
Food Delivery
3. US Real Estate LP 57,233,766 2.06%
Real Estate
4. Republic Beverage Co. 48,082,040 1.73%
Distributor
5. Capital Group Companies Inc. 28,331,884 1.02%
Investment Mgmt.
6. San Antonio MTA LP 23,253,974 0.84%
Telephone Utility
7. GE Oil & Gas Inc 19,500,000 0.70%
Oil & Gas
8. Visionary Properties 18,058,140 0.65%
Real Estate
9. SC Schertz LLC 17,958,000 0.65%
Commercial
10. Amazon.Com KYDC LLC 16,749,340 0.60%
Retail
-------------- ------
Total: $487,488,043 17.53%
FINANCE CONNECTED OFFICIALS
Mayor
Michael Carpenter
1400 Schertz Parkway
Schertz, TX 78154
Phone: 210-619-1040 Ext: 1132
Fax: 210-619-1139
mcarpenter@schertz.com
City Manager
John C. Kessel
1400 Schertz Parkway
Schertz, TX 78154
Phone: 210-619-1020 Ext: 1112
Fax: 210-619-1139
jkessel@schertz.com
City Secretary
Brenda Dennis
1400 Schertz Parkway
Schertz, TX 78154
Phone: 210-619-1030 Ext: 1131
Fax: 210-619-1139
bdennis@schertz.com
Director of Finance
Juan F. Santoya Jr.
1400 Schertz Parkway
Schertz, TX 78154
Phone: 210-619-1141
Fax: 210-619-1149
jsantoya@schertz.com
Tax Assessor/Collector
Tavie Murphy RTA
Guadalupe County Tax Office
307 W. Court
Suite 205
Seguin, TX 78155
Phone: 830-303-3421 Ext: 354
Fax: 830-372-9940
tavie@co.guadalupe.tx.us
Chief Appraiser
Jamie Osborne
Guadalupe Appraisal District
3000 North Austin Street
Seguin, TX 78155-7397
Phone: 830-303-3313
Fax: 830-372-2874
josborne@guadalupead.org
Chief Appraiser
Curtis Koehler
Comal County Appraisal District
P. O. Box 311222
New Braunfels, TX 78131-1222
Phone: 830-625-8597
Fax: 830-625-8598
comalad@co.comal.tx.us
Chief Appraiser
Michael Amezquita
Bexar County Appraisal District
411 N. Frio
San Antonio, Tx 78207
Phone: 210-224-8511
Fax: 210-242-2451
esca@bcad.org
JC
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz, City of (General Obligation Debt)
Guadalupe, Comal, Bexar Counties
02/06/2015
2302
Last Revised
TMR #
Page 11 of 11
All Rights Reserved
Texas Municipal Reports
FOR OTHER BONDS FOR THIS ISSUER, SEE SEPARATE MUNICIPAL REPORTS
FINANCIAL STATEMENT (As of September 30, 2013)(a)
Special Obligation Debt
Senior Lien $33,680,000
Junior Lien $47,995,000
-----------------
$81,675,000
Special Fund Balances
I&S $377,712
Renewal and Replacement $1,829,949
Reserve $1,281,726(b)
(a) Includes $6,275,000 Contract Rev Ref Bds Series 2014 dated August 1, 2014
and $41,720,000 Rev Ref Bds Series 2015 dated December 1, 2014.
(b) Cash balance. Excludes surety bonds for Series 2001, 2005, and 2007.
MATERIAL INFORMATION:
RATING UPGRADE (As of November 25, 2014) Standard & Poor's Rating Services has
raised its long-term and underlying rating to 'A+' from 'A' for the Issuer. The
higher ratings reflect the stable service areas that participate in the San
Antonio metropolitan area, stabilizing income levels, employment opportunities,
and historically strong financial risk for both member cities. Outlook is
stable.
DETAILS OF REVENUE DEBT
Details of Senior Lien Debt (Outstanding 9/30/2013)
Contract Rev Bds Ser 2001
Lien: Senior
Tax Treatment: Tax Exempt
Original Issue Amount $41,040,000.00
Dated Date: 02/01/2001
Sale Date: 02/22/2001
Delivery Date: 03/15/2001
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 02/01, 08/01
1st Coupon Date: 08/01/2001
Paying Agent: The Bank of New York Mellon Trust Company, N.A., New York, NY
Bond Counsel: Fulbright & Jaworski
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Financial Advisor: SAMCO Capital Markets
Lead Manager: First Southwest Company
Co-Manager: Coastal Securities
Co-Manager: Dain Rauscher Incorporated
Co-Manager: PaineWebber Incorporated
Insurance: Assured Guaranty Municipal Corp. (FSA)
Use of Proceeds: Utility.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2035T 10,000,000.00 5.2000% 100.00%
------------------------------------------------$10,000,000.00
Call Option: Non Callable
Term Call: Term bonds maturing on 02/01/2035:
Mandatory Redemption Date Principal Amount
02/01/2031 $1,795,000
02/01/2032 $1,895,000
02/01/2033 $1,995,000
02/01/2034 $2,100,000
02/01/2035 $2,215,000
Refunded Notes: Maturities refunded by Contract Revenue & Ref Bds Ser 2007
Refunded Amount Mat Date Coupon Price Sched Call
290,000.00 02/01/2012 4.500 Par 02/01/2011
305,000.00 02/01/2013 4.625 Par 02/01/2011
310,000.00 02/01/2014 4.700 Par 02/01/2011
325,000.00 02/01/2015 4.800 Par 02/01/2011
340,000.00 02/01/2016 5.000 Par 02/01/2011
350,000.00 02/01/2017 5.000 Par 02/01/2011
375,000.00 02/01/2018 5.000 Par 02/01/2011
390,000.00 02/01/2019 5.125 Par 02/01/2011
410,000.00 02/01/2020 5.125 Par 02/01/2011
10,000,000.00 02/01/2030 5.375 Par 02/01/2011
4,765,000.00 02/01/2037 5.250 Par 02/01/2011
11,185,000.00 02/01/2041 5.250 Par 02/01/2011
______________________________________________________________
Contract Rev Ref Bds Ser 2005
Lien: Senior
Tax Treatment: Bank Qualified
Original Issue Amount $8,500,000.00
Dated Date: 05/01/2005
Sale Date: 05/03/2005
Delivery Date: 05/26/2005
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 02/01, 08/01
1st Coupon Date: 08/01/2005
Paying Agent: Wells Fargo Bank, N.A., Minneapolis, MN
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Financial Advisor: SAMCO Capital Markets, San Antonio, TX
Lead Manager: First Southwest Company
Co-Manager: Coastal Securities
Insurance: Assured Guaranty Municipal Corp. (FSA)
Use of Proceeds: Refunding.
Refunding Notes: This issue defeased mty(s) 02/01/2011-02/01/2025 of Contract
Rev Bds Ser 99 @ par.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 450,000.00 4.0000% 3.750%
---------------------------------------------------$450,000.00
Call Option: Non Callable
Refunded Notes: Maturities refunded by Contract Rev Ref Bds New Ser 2014
Refunded Amount Mat Date Coupon Price Sched Call
475,000.00 02/01/2015 4.000 Par 10/21/2014
495,000.00 02/01/2016 4.000 Par 10/21/2014
520,000.00 02/01/2017 4.000 Par 10/21/2014
540,000.00 02/01/2018 4.000 Par 10/21/2014
560,000.00 02/01/2019 4.000 Par 10/21/2014
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 1 of 6
All Rights Reserved
Texas Municipal Reports
585,000.00 02/01/2020 4.100 Par 10/21/2014
610,000.00 02/01/2021 4.150 Par 10/21/2014
635,000.00 02/01/2022 4.200 Par 10/21/2014
665,000.00 02/01/2023 4.250 Par 10/21/2014
695,000.00 02/01/2024 4.300 Par 10/21/2014
725,000.00 02/01/2025 4.375 Par 10/21/2014
______________________________________________________________
Contract Revenue & Ref Bds Ser 2007
Lien: Senior
Tax Treatment: Tax Exempt
Original Issue Amount $38,425,000.00
Dated Date: 11/15/2006
Sale Date: 11/21/2006
Delivery Date: 01/03/2007
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 02/01, 08/01
1st Coupon Date: 08/01/2007
Paying Agent: Wells Fargo Bank, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TX
Co-Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: First Southwest Company
Co-Manager: Coastal Securities
Co-Manager: RBC Capital Markets
Co-Manager: M.E. Allison & Co. Inc.
Insurance: AMBAC
Use of Proceeds: Utility, Refunding.
Refunding Notes: This bond refunded maturities from the following issues:
Contract Rev Bds Ser 2001
Refunded Amount Mat Date Coupon Price Sched Call
290,000.00 02/01/2012 4.500 Par 02/01/2011
305,000.00 02/01/2013 4.625 Par 02/01/2011
310,000.00 02/01/2014 4.700 Par 02/01/2011
325,000.00 02/01/2015 4.800 Par 02/01/2011
340,000.00 02/01/2016 5.000 Par 02/01/2011
350,000.00 02/01/2017 5.000 Par 02/01/2011
375,000.00 02/01/2018 5.000 Par 02/01/2011
390,000.00 02/01/2019 5.125 Par 02/01/2011
410,000.00 02/01/2020 5.125 Par 02/01/2011
10,000,000.00 02/01/2030 5.375 Par 02/01/2011
4,765,000.00 02/01/2037 5.250 Par 02/01/2011
11,185,000.00 02/01/2041 5.250 Par 02/01/2011
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 535,000.00 4.0000% 3.740%
02/01/2015 555,000.00 4.0000% 3.800%
-------------------------------------------------$1,090,000.00
Call Option: Non Callable
Refunded Notes: Maturities refunded by Contract Rev Imp & Ref Bds New Ser 2015
Refunded Amount Mat Date Coupon Price Sched Call
575,000.00 02/01/2016 4.000 Par 02/01/2015
590,000.00 02/01/2017 4.000 Par 02/01/2015
620,000.00 02/01/2018 4.000 Par 02/01/2015
640,000.00 02/01/2019 4.000 Par 02/01/2015
670,000.00 02/01/2020 4.125 Par 02/01/2015
685,000.00 02/01/2021 4.250 Par 02/01/2015
720,000.00 02/01/2022 4.250 Par 02/01/2015
750,000.00 02/01/2023 4.250 Par 02/01/2015
785,000.00 02/01/2024 4.250 Par 02/01/2015
820,000.00 02/01/2025 4.250 Par 02/01/2015
1,660,000.00 02/01/2026 4.250 Par 02/01/2015
7,405,000.00 02/01/2030 4.500 Par 02/01/2015
4,275,000.00 02/01/2036 4.500 Par 02/01/2015
15,370,000.00 02/01/2041 4.500 Par 02/01/2015
______________________________________________________________
Contract Rev Bds Ser 2010
Lien: Senior
Tax Treatment: Bank Qualified
Original Issue Amount $22,140,000.00
Dated Date: 06/01/2010
Sale Date: 06/15/2010
Delivery Date: 07/14/2010
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2011
Paying Agent: Wells Fargo Bank, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski L.L.P.
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TX
Lead Manager: Coastal Securities, Inc.
Co-Manager: Allison, M.E. & Co., Inc.
Co-Manager: RBC Capital Markets
Insurance: Assured Guaranty Municipal Corp. (FSA)
Use of Proceeds: Utility.
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2014 445,000.00 3.0000% 1.950%
02/01/2015 460,000.00 3.0000% 2.350%
02/01/2016 475,000.00 3.0000% 2.750%
02/01/2017 485,000.00 3.0000% 3.050%
02/01/2018 505,000.00 3.5000% 3.250%
02/01/2019 520,000.00 3.5000% 3.450%
02/01/2020 540,000.00 3.5000% 3.650%
02/01/2021 560,000.00 4.0000% 3.850%
02/01/2022 585,000.00 4.0000% 3.950%
02/01/2023 610,000.00 4.0000% 100.00%
02/01/2024 630,000.00 4.0000% 4.100%
02/01/2025 660,000.00 4.0000% 4.180%
02/01/2026 685,000.00 4.1250% 4.250%
02/01/2027 715,000.00 4.2500% 4.320%
02/01/2028 745,000.00 4.2500% 4.390%
02/01/2029 780,000.00 4.2500% 4.480%
02/01/2030 815,000.00 4.5000% 4.570%
02/01/2031 850,000.00 4.5000% 4.650%
02/01/2032 890,000.00 4.5000% 4.710%
02/01/2035T 2,925,000.00 4.6250% 4.810%
02/01/2038T 3,370,000.00 4.7500% 4.860%
02/01/2041T 3,890,000.00 4.7500% 4.890%
------------------------------------------------$22,140,000.00
Call Option: Bonds maturing on 02/01/2020 to 02/01/2032 and term bonds maturing
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 2 of 6
All Rights Reserved
Texas Municipal Reports
on 02/01/2035 and 02/01/2038 and 02/01/2041 callable in whole or in part on any
date beginning 02/01/2019 @ par.
Term Call: Term bonds maturing on 02/01/2035:
Mandatory Redemption Date Principal Amount
02/01/2033 $930,000
02/01/2034 $975,000
02/01/2035 $1,020,000
Term bonds maturing on 02/01/2038:
Mandatory Redemption Date Principal Amount
02/01/2036 $1,070,000
02/01/2037 $1,125,000
02/01/2038 $1,175,000
Term bonds maturing on 02/01/2041:
Mandatory Redemption Date Principal Amount
02/01/2039 $1,235,000
02/01/2040 $1,295,000
02/01/2041 $1,360,000
______________________________________________________________
Contract Rev Ref Bds New Ser 2014
Lien: Junior
Tax Treatment: Bank Qualified
Original Issue Amount $6,275,000.00
Dated Date: 09/01/2014
Sale Date: 09/16/2014
Delivery Date: 10/15/2014
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2015
Paying Agent: Regions Bank, Houston, TX
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TX
Lead Manager: Raymond James
Co-Manager: Allison, M.E. & Co., Inc.
Underwriter's Counsel: Andrews Kurth L.L.P.
Insurance: Build America Mutual
Use of Proceeds: Refunding.
Refunding Notes: This bond refunded maturities from the following issues:
Contract Rev Ref Bds Ser 2005
Refunded Amount Mat Date Coupon Price Sched Call
475,000.00 02/01/2015 4.000 Par 10/21/2014
495,000.00 02/01/2016 4.000 Par 10/21/2014
520,000.00 02/01/2017 4.000 Par 10/21/2014
540,000.00 02/01/2018 4.000 Par 10/21/2014
560,000.00 02/01/2019 4.000 Par 10/21/2014
585,000.00 02/01/2020 4.100 Par 10/21/2014
610,000.00 02/01/2021 4.150 Par 10/21/2014
635,000.00 02/01/2022 4.200 Par 10/21/2014
665,000.00 02/01/2023 4.250 Par 10/21/2014
695,000.00 02/01/2024 4.300 Par 10/21/2014
725,000.00 02/01/2025 4.375 Par 10/21/2014
Orig Reoffering
Maturity Amount Coupon Price/Yield
02/01/2015 570,000.00 2.0000% 0.350%
02/01/2016 505,000.00 2.0000% 0.650%
02/01/2017 520,000.00 2.0000% 0.900%
02/01/2018 530,000.00 2.0000% 1.200%
02/01/2019 540,000.00 2.0000% 1.600%
02/01/2020 555,000.00 3.0000% 1.850%
02/01/2021 570,000.00 3.0000% 2.050%
02/01/2022 590,000.00 3.0000% 2.350%
02/01/2023 610,000.00 3.5000% 2.600%
02/01/2024 630,000.00 3.5000% 2.750%
02/01/2025 655,000.00 3.5000% 2.900%
-------------------------------------------------$6,275,000.00
Call Option: Bonds maturing on 02/01/2023 to 02/01/2025 callable in whole or in
part on any date beginning 02/01/2022 @ par.
______________________________________________________________
Contract Rev Imp & Ref Bds New Ser 2015
Lien: Junior
Tax Treatment: Tax Exempt
Original Issue Amount $41,720,000.00
Dated Date: 12/01/2014
Sale Date: 12/02/2014
Delivery Date: 01/13/2015
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 08/01, 02/01
1st Coupon Date: 02/01/2015
Paying Agent: Regions Bank, Houston, TX
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Co-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TX
Lead Manager: Raymond James
Co-Manager: Allison, M.E. & Co., Inc.
Co-Manager: RBC Capital Markets
Underwriter's Counsel: Andrews Kurth L.L.P.
Insurance: Build America Mutual
Use of Proceeds: Refunding.
Refunding Notes: This bond refunded maturities from the following issues:
Contract Revenue & Ref Bds Ser 2007
Refunded Amount Mat Date Coupon Price Sched Call
575,000.00 02/01/2016 4.000 Par 02/01/2015
590,000.00 02/01/2017 4.000 Par 02/01/2015
620,000.00 02/01/2018 4.000 Par 02/01/2015
640,000.00 02/01/2019 4.000 Par 02/01/2015
670,000.00 02/01/2020 4.125 Par 02/01/2015
685,000.00 02/01/2021 4.250 Par 02/01/2015
720,000.00 02/01/2022 4.250 Par 02/01/2015
750,000.00 02/01/2023 4.250 Par 02/01/2015
785,000.00 02/01/2024 4.250 Par 02/01/2015
820,000.00 02/01/2025 4.250 Par 02/01/2015
1,660,000.00 02/01/2026 4.250 Par 02/01/2015
7,405,000.00 02/01/2030 4.500 Par 02/01/2015
4,275,000.00 02/01/2036 4.500 Par 02/01/2015
15,370,000.00 02/01/2041 4.500 Par 02/01/2015
Orig Reoffering
Maturity Amount Coupon Price/Yield
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 3 of 6
All Rights Reserved
Texas Municipal Reports
02/01/2016 695,000.00 2.0000% 0.480%
02/01/2017 700,000.00 3.0000% 0.810%
02/01/2018 730,000.00 3.0000% 1.130%
02/01/2019 745,000.00 3.0000% 1.450%
02/01/2020 775,000.00 3.0000% 1.760%
02/01/2021 785,000.00 4.0000% 2.060%
02/01/2022 825,000.00 4.0000% 2.330%
02/01/2023 860,000.00 4.0000% 2.560%
02/01/2024 900,000.00 5.0000% 2.740%
02/01/2025 945,000.00 5.0000% 2.850%
02/01/2026 1,805,000.00 5.0000% 2.930%
02/01/2027 1,885,000.00 5.0000% 3.030%
02/01/2028 1,990,000.00 5.0000% 3.120%
02/01/2029 2,090,000.00 5.0000% 3.180%
02/01/2030 2,190,000.00 5.0000% 3.260%
02/01/2033T 1,650,000.00 5.0000% 3.390%
02/01/2041T 20,950,000.00 4.0000% 4.062%
02/01/2044T 1,200,000.00 4.0000% 4.066%
------------------------------------------------$41,720,000.00
Call Option: Bonds maturing on 02/01/2024 to 02/01/2030 and term bonds maturing
on 02/01/2033 and 02/01/2041 and 02/01/2044 callable in whole or in part on any
date beginning 02/01/2023 @ par.
Term Call: Term bonds maturing on 02/01/2033:
Mandatory Redemption Date Principal Amount
02/01/2031 $520,000
02/01/2032 $550,000
02/01/2033 $580,000
Term bonds maturing on 02/01/2041:
Mandatory Redemption Date Principal Amount
02/01/2034 $610,000
02/01/2035 $630,000
02/01/2036 $2,960,000
02/01/2037 $3,085,000
02/01/2038 $3,220,000
02/01/2039 $3,345,000
02/01/2040 $3,480,000
02/01/2041 $3,620,000
Term bonds maturing on 02/01/2044:
Mandatory Redemption Date Principal Amount
02/01/2042 $385,000
02/01/2043 $400,000
02/01/2044 $415,000
______________________________________________________________
GRAND TOTAL================================> $81,675,000.00
BOND DEBT SERVICE
Period Ending Principal Interest Debt Service
---------------------------------------------------------
09/30/14 1,430,000.00 3,347,986.25 4,777,986.25
09/30/15 1,585,000.00 2,786,356.25 4,371,356.25
09/30/16 1,675,000.00 3,344,437.50 5,019,437.50
09/30/17 1,705,000.00 3,302,337.50 5,007,337.50
09/30/18 1,765,000.00 3,254,275.00 5,019,275.00
09/30/19 1,805,000.00 3,203,512.50 5,008,512.50
09/30/20 1,870,000.00 3,148,437.50 5,018,437.50
09/30/21 1,915,000.00 3,083,587.50 4,998,587.50
09/30/22 2,000,000.00 3,011,087.50 5,011,087.50
09/30/23 2,080,000.00 2,933,962.50 5,013,962.50
09/30/24 2,160,000.00 2,847,762.50 5,007,762.50
09/30/25 2,260,000.00 2,753,350.00 5,013,350.00
09/30/26 2,490,000.00 2,645,809.38 5,135,809.38
09/30/27 2,600,000.00 2,524,237.50 5,124,237.50
09/30/28 2,735,000.00 2,396,337.50 5,131,337.50
09/30/29 2,870,000.00 2,261,931.25 5,131,931.25
09/30/30 3,005,000.00 2,120,018.75 5,125,018.75
09/30/31 3,165,000.00 1,968,136.25 5,133,136.25
09/30/32 3,335,000.00 1,806,296.25 5,141,296.25
09/30/33 3,505,000.00 1,635,375.00 5,140,375.00
09/30/34 3,685,000.00 1,458,151.88 5,143,151.88
09/30/35 3,865,000.00 1,275,027.50 5,140,027.50
09/30/36 4,030,000.00 1,096,637.50 5,126,637.50
09/30/37 4,210,000.00 923,606.25 5,133,606.25
09/30/38 4,395,000.00 742,881.25 5,137,881.25
09/30/39 4,580,000.00 554,343.75 5,134,343.75
09/30/40 4,775,000.00 357,756.25 5,132,756.25
09/30/41 4,980,000.00 152,700.00 5,132,700.00
09/30/42 385,000.00 40,300.00 425,300.00
09/30/43 400,000.00 24,600.00 424,600.00
09/30/44 415,000.00 8,300.00 423,300.00
---------------------------------------------------------
81,675,000.00 61,009,538.75 142,684,538.75
=========================================================
COMPUTED ON BASIS OF MANDATORY REDEMPTION
DEBT AMORTIZATION RATES
% of Principal
Period Ending Principal Retired
09/30/2014 1,430,000.00 01.75%
09/30/2015 1,585,000.00 03.69%
09/30/2016 1,675,000.00 05.74%
09/30/2017 1,705,000.00 07.83%
09/30/2018 1,765,000.00 09.99%
09/30/2019 1,805,000.00 12.20%
09/30/2020 1,870,000.00 14.49%
09/30/2021 1,915,000.00 16.84%
09/30/2022 2,000,000.00 19.28%
09/30/2023 2,080,000.00 21.83%
09/30/2024 2,160,000.00 24.48%
09/30/2025 2,260,000.00 27.24%
09/30/2026 2,490,000.00 30.29%
09/30/2027 2,600,000.00 33.47%
09/30/2028 2,735,000.00 36.82%
09/30/2029 2,870,000.00 40.34%
09/30/2030 3,005,000.00 44.02%
09/30/2031 3,165,000.00 47.89%
09/30/2032 3,335,000.00 51.97%
09/30/2033 3,505,000.00 56.27%
09/30/2034 3,685,000.00 60.78%
09/30/2035 3,865,000.00 65.51%
09/30/2036 4,030,000.00 70.44%
09/30/2037 4,210,000.00 75.60%
09/30/2038 4,395,000.00 80.98%
09/30/2039 4,580,000.00 86.59%
09/30/2040 4,775,000.00 92.43%
09/30/2041 4,980,000.00 98.53%
09/30/2042 385,000.00 99.00%
09/30/2043 400,000.00 99.49%
09/30/2044 415,000.00 100.00%
SECURITY The bonds are special limited obligations of the Schertz/Seguin Local
Government Corporation payable and secured solely by a junior and inferior lien
on and pledge of the Bonds Payment portion of the annual payments to be paid
independently by the City of Schertz, Texas and the City of Seguin, Texas, (a
proportionate share of 50% each - as an operations and maintenance expense from
the gross revenues of such City's utility system as defined in Chapter 1502, as
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 4 of 6
All Rights Reserved
Texas Municipal Reports
amended, Texas Government Code) to the Corporation pursuant to the Regional
Water Supply Contract, dated as of November 15, 1999, among the Corporation and
the Cities. The Bonds are also secured by a lien on and pledge of the money in
all funds created, established and maintained by a Resolution.
RESERVE FUND The Reserve Fund is to accumulate and maintain a reserve for the
payment of the outstanding bonds equal to the average annual debt service
requirements. After the issuance of the Series 2010 bonds, Required Reserve
Fund balance shall be $4,681,081.82. The Reserve Fund is funded with three
separate Credit Facilities from, Assured Guaranty Municipal Corporation (Series
2001 and 2005 Bonds) and Ambac Assurance Corporation (Series 2007). The Series
2010 Reserve Requirement was funded with $1,000,000 cash from available
Corporation funds and $275,621 from bond proceeds. No debt service reserve fund
has been established with respect to the 2014 Bonds.
RENEWAL AND REPLACEMENT FUND As additional security for the Bonds, there has
been established a Renewal and Replacement Fund. The Renewal and Replacement
Fund was initially funded from previously issued bonds in the amount of
$500,000, the Emergency amount.
RATE COVENANT Pursuant to the Contract, each City is required to pay its
proportionate share of the Annual Payments at least equal to the amount
required to pay for all Operations and Maintenance Expenses; (b) to pay
Overhead Expenses; and (c) the establish and maintain the debt service and the
debt service reserve funds for the Priority Bonds and the Renewal and
Replacement Fund requirements contained in the Priority Resolution and the Bond
Fund for the New Series Bonds.
PROJECT Proceeds from the sale of the Bonds will be used for the purpose of
discharge and final payment of obligations of the Issuer, for the purchase of
land for the first phase of the Guadalupe Project. The Project includes the
construction of a well-field and cross-country pipeline.
Construction of twelve wells, the cross-county pipeline, treatment facilities,
pumping stations, water storage and gathering lines from the well-field is
complete in Gonzales County. This production capacity was designed for the
current needs of the Cities. After completion of the construction and with the
written consent of the Cities, the Corporation contracted to sell water to the
City of Selma, the City of Universal City, and Spring Hill Water Supply
Corporation. Additional acreage has been acquired in Guadalupe County since
the completion of construction to support expansion of a new well-field.
The Corporation obtained the necessary permits and drilled two additional wells
in Gonzales County to enable the Corporation to supply the new customers and
maintain safe operational abilities. With the addition of the two new wells,
the Corporation increased the permitted production to 12,910 acre-feet of water
per year. The Corporation is currently operating eight wells, a water
treatment plant and transmission facilities with operations personnel provided
by the City of Seguin and the City of Schertz on a contractual basis.
The Corporation is delivering water to the Cities at a rate that is very
competitive when compared to other wholesale water rates in the area and
increases in production are expected to continue over time as demand warrants.
The Corporation has revised its rate structure to authorize impact fees. The
purpose of the fee is to obtain customer contributions toward construction of
capital projects and to provide additional funds to be used to pay debt service
on the bond similarly secured. With a portion of the Series 2010 bond proceeds
the Corporation intends to acquire land and groundwater leases, drill and equip
wells #9-12 which is expected to increase the total permitted capacity of the
Corporation to 19,362 acre-feet per year.
SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION
Fiscal Year Ended
09-30-2013 09-30-2012 09-30-2011 09-30-2010
Revenues:
Water Revenue $9,107,237 $9,265,407 $8,072,551 $7,417,267
Impact Fees 417,297 515,522 795,990 684,766
Lease Revenue 126,444 133,466 157,063 103,040
Reservation Fee 538,000 538,000 269,000 -0-
Other 103,885 83,871 11,490 20,824
-------- -------- -------- --------
Total Revenues $10,292,854 $10,536,266 $9,306,094 $8,225,897
Expenses:
Lease Payments $2,473,882 $2,221,928 $1,829,417 $1,580,550
Amortization Expense 85,399 85,399 123,877 214,941
Depreciation 1,506,043 1,312,738 1,146,523 1,137,635
Other 2,225,818 2,634,245 2,554,666 2,102,956
-------- -------- -------- --------
Total $6,291,142 $6,254,310 $5,654,483 $5,036,082
Operating Income(Loss) $4,001,712 $4,281,956 $3,586,118 $3,190,884
Nonoperating Income
(Expense)
Interest Income $ 51,441 $ 51,702 $ 55,167 $ 42,170
Contribution from Cities
of Schertz & Seguin (538,000) (538,000) (269,000) -0-
Interest Expense (4,334,835) (3,679,231) (3,770,617) (2,847,515)
Gain (Loss) on Disposal
of Assets -0- (489,955) -0- (1,323)
Amortization of Bond
Issuance Costs -0- -0- (103,642) (104,924)
Other Revenue -0- -0- 73,963 -0-
---------- ---------- ---------- ----------
Change in Net Assets $ (819,682) $ (373,528) $ (362,518) $ 278,223
Capital Contributions
from SAWS $ -0- $ 555,245 $ 224,700 $ -0-
Contributions Refunded
to SAWS $ -0- $ (757,900) $ -0- $ -0-
Beg. Balance 10-1 $2,746,616 $ 4,772,834 $4,910,652 $4,632,429
Prior Period Adj $ -0- $(1,450,035) $ -0- $ -0-
End. Balance 9-30 $1,926,934 $2,746,616 $4,772,834 $4,910,652
NON-FUNDED DEBT PAYABLE (As of September 30, 2013) None.
SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION
Schertz/Seguin Local Government Corporation is a public, non-profit corporation
created by the Cities of Schertz and Seguin, Texas, pursuant to Subchapter D of
Chapter 431, Texas Transportation Code, as amended.
The Corporation was formed on December 23, 1998, among other things, for the
purpose to assist, and act on behalf of the cities in acquiring, constructing,
leasing, improving, enlarging, extending, repairing, maintaining, developing
and operating a wholesale water utility supply system pursuant to the
provisions of Texas Local Government Code 402.001. (Chapter 402) and other
applicable laws of the State and to assist and act on behalf of the Cities of
Schertz and Seguin in accomplishing a governmental purpose in the provision of
water for public use. The Corporation is governed by a board of 5 directors
appointed by the City Councils of the Cities.
The Corporation is not authorized to levy a tax.
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 5 of 6
All Rights Reserved
Texas Municipal Reports
FINANCE CONNECTED OFFICIALS
President, Board of Directors
Ken Greenwald
Schertz-Seguin Local Government Corporation
109 West Court
Seguin, TX 78155
Phone: 830-379-1661
Fax: 830-401-2481
General Manager
R. Alan Cockerell
Schertz-Seguin Local Government Corporation
P. O Box 833
Seguin, TX 78156-0833
Phone: 830-401-2409
Fax: 830-401-2481
acockerell@seguintexas.gov
Administrative Assistant
Regina Franke
Schertz-Seguin Local Government Corporation
P. O Box 833
Seguin, TX 78156-0833
Phone: 830-401-2409
Fax: 830-401-2481
rfranke@seguintexas.gov
City Manager
John C. Kessel
1400 Schertz Parkway
Schertz, TX 78154
Phone: 210-619-1020 Ext: 1112
Fax: 210-619-1139
jkessel@schertz.com
City Manager
Douglas Faseler
P.O. Box 591
Seguin, TX 78155-0591
Phone: 830-401-2302
Fax: 830-401-2499
dfaseler@seguintexas.gov
TF
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Schertz/Seguin Local Government Corp (Schertz & Seguin, Cities of, Project)
Guadalupe County
12/28/2014
1764
Last Revised
TMR #
Page 6 of 6
All Rights Reserved
Texas Municipal Reports
FOR OTHER BONDS FOR THIS ISSUER, SEE SEPARATE MUNICIPAL REPORTS
FINANCIAL STATEMENT (As of September 01, 2014)
Special Obligation Debt
Senior Lien $6,950,000
PAYMENT RECORD: Cibolo Creek Municipal Authority has never defaulted.
DETAILS OF REVENUE DEBT
Details of Senior Lien Debt (Outstanding 9/1/2014)
Contract Rev Bds (Southern Wastewater Treatment Plant Proj) Ser 2014
Lien: Senior
Tax Treatment: Bank Qualified
Original Issue Amount $6,950,000.00
Dated Date: 09/01/2014
Sale Date: 09/11/2014
Delivery Date: 10/08/2014
Sale Type: Negotiated
Record Date: MSRB
Bond Form: BE
Denomination $5,000
Interest pays Semi-Annually: 09/01, 03/01
1st Coupon Date: 03/01/2015
Paying Agent: Bank of Texas, N.A., Austin, TX
Bond Counsel: Fulbright & Jaworski LLP
Financial Advisor: Southwest Securities, San Antonio, TX
Lead Manager: Raymond James
Co-Manager: Frost Bank
Underwriter's Counsel: Andrews Kurth L.L.P.
Insurance: Assured Guaranty Municipal Corp. (FSA)
Use of Proceeds: Wastewater Treatment Plant.
Orig Reoffering
Maturity Amount Coupon Price/Yield
09/01/2015 75,000.00 2.0000% 0.350%
09/01/2016 145,000.00 2.0000% 0.600%
09/01/2017 150,000.00 2.0000% 0.900%
09/01/2018 150,000.00 2.0000% 1.200%
09/01/2019 155,000.00 2.0000% 1.550%
09/01/2020 160,000.00 2.0000% 1.800%
09/01/2021 160,000.00 2.0000% 100.00%
09/01/2022 165,000.00 3.0000% 2.300%
09/01/2023 170,000.00 3.0000% 2.550%
09/01/2024 175,000.00 3.0000% 2.700%
09/01/2026T 365,000.00 4.0000% 2.850%
09/01/2028T 395,000.00 4.0000% 3.050%
09/01/2030T 430,000.00 4.0000% 3.300%
09/01/2032T 460,000.00 4.0000% 3.450%
09/01/2034T 500,000.00 4.0000% 3.550%
09/01/2039T 1,465,000.00 5.0000% 3.560%
09/01/2044T 1,830,000.00 4.0000% 100.00%
-------------------------------------------------$6,950,000.00
Call Option: Term bonds maturing on 09/01/2026 and 09/01/2028 and 09/01/2030
and 09/01/2032 and 09/01/2034 and 09/01/2039 and 09/01/2044 callable in whole
or in part on any date beginning 09/01/2024 @ par.
Term Call: Term bonds maturing on 09/01/2026:
Mandatory Redemption Date Principal Amount
09/01/2025 $180,000
09/01/2026 $185,000
Term bonds maturing on 09/01/2028:
Mandatory Redemption Date Principal Amount
09/01/2027 $195,000
09/01/2028 $200,000
Term bonds maturing on 09/01/2030:
Mandatory Redemption Date Principal Amount
09/01/2029 $210,000
09/01/2030 $220,000
Term bonds maturing on 09/01/2032:
Mandatory Redemption Date Principal Amount
09/01/2031 $225,000
09/01/2032 $235,000
Term bonds maturing on 09/01/2034:
Mandatory Redemption Date Principal Amount
09/01/2033 $245,000
09/01/2034 $255,000
Term bonds maturing on 09/01/2039:
Mandatory Redemption Date Principal Amount
09/01/2035 $265,000
09/01/2036 $280,000
09/01/2037 $295,000
09/01/2038 $305,000
09/01/2039 $320,000
Term bonds maturing on 09/01/2044:
Mandatory Redemption Date Principal Amount
09/01/2040 $340,000
09/01/2041 $350,000
09/01/2042 $365,000
09/01/2043 $380,000
09/01/2044 $395,000
______________________________________________________________
GRAND TOTAL================================> $6,950,000.00
BOND DEBT SERVICE
Period Ending Principal Interest Debt Service
---------------------------------------------------------
09/30/15 75,000.00 267,650.00 342,650.00
09/30/16 145,000.00 266,150.00 411,150.00
09/30/17 150,000.00 263,250.00 413,250.00
09/30/18 150,000.00 260,250.00 410,250.00
09/30/19 155,000.00 257,250.00 412,250.00
09/30/20 160,000.00 254,150.00 414,150.00
09/30/21 160,000.00 250,950.00 410,950.00
09/30/22 165,000.00 247,750.00 412,750.00
09/30/23 170,000.00 242,800.00 412,800.00
09/30/24 175,000.00 237,700.00 412,700.00
09/30/25 180,000.00 232,450.00 412,450.00
09/30/26 185,000.00 225,250.00 410,250.00
09/30/27 195,000.00 217,850.00 412,850.00
09/30/28 200,000.00 210,050.00 410,050.00
09/30/29 210,000.00 202,050.00 412,050.00
09/30/30 220,000.00 193,650.00 413,650.00
09/30/31 225,000.00 184,850.00 409,850.00
09/30/32 235,000.00 175,850.00 410,850.00
09/30/33 245,000.00 166,450.00 411,450.00
09/30/34 255,000.00 156,650.00 411,650.00
09/30/35 265,000.00 146,450.00 411,450.00
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Cibolo Creek Municipal Auth (Southern Wastewater Treatment Plant Project)
Bexar, Comal, Guadalupe Counties
11/19/2014
6774
Last Revised
TMR #
Page 1 of 3
All Rights Reserved
Texas Municipal Reports
09/30/36 280,000.00 133,200.00 413,200.00
09/30/37 295,000.00 119,200.00 414,200.00
09/30/38 305,000.00 104,450.00 409,450.00
09/30/39 320,000.00 89,200.00 409,200.00
09/30/40 340,000.00 73,200.00 413,200.00
09/30/41 350,000.00 59,600.00 409,600.00
09/30/42 365,000.00 45,600.00 410,600.00
09/30/43 380,000.00 31,000.00 411,000.00
09/30/44 395,000.00 15,800.00 410,800.00
---------------------------------------------------------
6,950,000.00 5,330,700.00 12,280,700.00
=========================================================
COMPUTED ON BASIS OF MANDATORY REDEMPTION
DEBT AMORTIZATION RATES
% of Principal
Period Ending Principal Retired
09/30/2015 75,000.00 01.08%
09/30/2016 145,000.00 03.17%
09/30/2017 150,000.00 05.32%
09/30/2018 150,000.00 07.48%
09/30/2019 155,000.00 09.71%
09/30/2020 160,000.00 12.01%
09/30/2021 160,000.00 14.32%
09/30/2022 165,000.00 16.69%
09/30/2023 170,000.00 19.14%
09/30/2024 175,000.00 21.65%
09/30/2025 180,000.00 24.24%
09/30/2026 185,000.00 26.91%
09/30/2027 195,000.00 29.71%
09/30/2028 200,000.00 32.59%
09/30/2029 210,000.00 35.61%
09/30/2030 220,000.00 38.78%
09/30/2031 225,000.00 42.01%
09/30/2032 235,000.00 45.40%
09/30/2033 245,000.00 48.92%
09/30/2034 255,000.00 52.59%
09/30/2035 265,000.00 56.40%
09/30/2036 280,000.00 60.43%
09/30/2037 295,000.00 64.68%
09/30/2038 305,000.00 69.06%
09/30/2039 320,000.00 73.67%
09/30/2040 340,000.00 78.56%
09/30/2041 350,000.00 83.60%
09/30/2042 365,000.00 88.85%
09/30/2043 380,000.00 94.32%
09/30/2044 395,000.00 100.00%
PERTINENT PROVISIONS OF THE REVENUE BOND INDENTURE - PRIOR LIEN
1. Nature of Pledge: The Bonds are special obligations payable as to
principal and interest from, and secured by lien on and pledge of Special
Payments to be paid to the Authority initially by the City of Schertz.
2. Special Payments: Payments the Authority expects to receive by
participating members pursuant to the terms of the contract to be put towards
debt service requirements.
Contract - Regional Wastewater Treatment Contract, dated as of September 11,
2014, together with amendments and supplements thereto which by the term of
such instrument is designated as a supplement or amendment to such contract.
3. Issuance of Additional Bonds: In addition to the right to issue bonds of
subordinate and inferior lien as authorized by the laws of this state of Texas,
the Authority reserves the right hereafter to issue Additional Bonds.
4. Rate Covenant: The Authority agrees and reaffirms its covenants to the
holders of the Parity Obligations that it will at all times maintain rates and
charges for sewer services furnished, provided and supplied by the System to
customers which will produce income and revenues sufficient to pay the interest
on and principal of all Parity Obligations, the interest on and principal of
all Subordinate Lien Obligations, and any legal debt or obligation of the
System as and when the same shall become due.
5. PROJECT: The Southern Wastewater Treatment Plant is a joint effort by the
City and the Authority to bring wastewater service to Southern Schertz,
Southern Cibolo, and the Interstate 10 Corridor.
WASTEWATER TREATMENT CONTRACTS The Authority was created to provide a regional
waste treatment system to a 58,261 acre area which includes portions of Bexar,
Comal, and Guadalupe Counties.
Entity % of Total Revenue
City of Universal City 24.3%
City of Schertz 30.1
Randolph Air Force Base 14.9
Service Area Within City of San Antonio 9.2
City of Cibolo 8.6
City of Selma 6.6
Retama, Ltd. 5.3
City of Live Oak 1.0
The Cities agree to pay the Authority a single monthly payment composed of: a)
Base monthly charge - a pro rata cost of maintenance and operation expense of
the system; b) Sewer charge - a pro-rata share of the system's debt service c)
Additional monthly charge - an amount charge for the treatment of each 1,000
gallons of inadmissible discharge into the system.
Randolph Air Force Base: On August 13, 1976 CCMA entered into a contract with
the Federal Government to provide wastewater treatment to Randolph AFB. The
contract continues until such time as Randolph AFB provides a sixty day notice
of cancellation.
SEWER RATES (Monthly billing)(Based on 3 month winter averaging) Effective
since October 1, 2009, October 1, 2013, and October 1, 2014.
Old Rates (Effective October 1, 2013)
Impact Fees - $1,800.00*
$2.74/M gallons
New Rates (Effective October 1, 2014)
Impact Fees - $1,800.00*
$3.27/M gallons
* One-time charge per connection.
REVENUE BONDS AUTHORIZED BUT UNISSUED None
ECONOMIC BACKGROUND
Cibolo Creek Municipal Authority was created in 1971 as a conservation and
reclamation district for the purpose of providing a regional sewer system for
an area comprising some 58.26 square miles and encompassing the City of
Schertz, the City of Cibolo, and parts of the Cities of Live Oak, Universal
City, San Antonio, Selma, and the Randolph Air Force Base, all of which lie
within the Austin-San Antonio growth corridor. The economy of the area is
dominated by Randolph Air Force Base. A mall within the Authority's boundaries
stimulates commercial and residential development.
COUNTY CHARACTERISTICS: Bexar County was created in 1836. The south central
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Cibolo Creek Municipal Auth (Southern Wastewater Treatment Plant Project)
Bexar, Comal, Guadalupe Counties
11/19/2014
6774
Last Revised
TMR #
Page 2 of 3
All Rights Reserved
Texas Municipal Reports
Texas county is the major component of the San Antonio Metropolitan Statistical
Area and is traversed by Interstate Highways 10 and 35, four U.S. Highways, and
two State Highways. Texas A&M University - San Antonio was established on May
23, 2009.
COUNTY SEAT: San Antonio
2010 census: 1,714,773 increasing 23.1 % since 2000
2000 census: 1,392,931 increasing 17.5 % since 1990
1990 census: 1,185,394
ECONOMIC BASE
Mineral: sand, limestone and gravel.
Industry: tourism, military bases, medical/biomedical research & services,
government and education center.
Agricultural: nursery crops, horses, hay, grain sorghum, corn and beef cattle.
PARKS
Year Description Volume
2009 Government Canyon 35,590 Visitors
2010 Government Canyon 33,468 Visitors
2011 Government Canyon 28,033 Visitors
2012 Government Canyon 40,352 Visitors
2013 Government Canyon 58,540 Visitors
CIVIL / MILITARY PERSONNEL
Year Description Volume
2008 Fort Sam Houston 20,491 Members
2008 Brooks City-Base 2,192 Members
2008 Lackland Air Force Base 16,233 Members
2008 Randolph Air Force Base 8,556 Members
2009 Lackland Air Force Base 16,209 Members
2009 Brooks City-Base 2,101 Members
2009 Randolph Air Force Base 8,714 Members
2009 Fort Sam Houston 19,910 Members
2012 Brooks City-Base 1,965 Members
2012 Randolph Air Force Base 8,619 Members
2012 Lackland Air Force Base 12,916 Members
2012 Fort Sam Houston 20,686 Members
RETAIL SALES & EFFECTIVE BUYING INCOME(a)
Year 2013 2012 2011
Retail Sales $30.9B $26.1B $26.1B
Effective Buying Income (EBI) $35.5B $31.5B $29.7B
County Median Household Income $41,514 $37,969 $38,063
State Median Household Income $48,646 $47,613 $47,705
% of Households with EBI below $25K 13.1 % 15.3 % 15.3 %
% of Households with EBI above $25K 65.4 % 62.7 % 64.0 %
EMPLOYMENT DATA
2014 2013 2012
Employed Earnings Employed Earnings Employed Earnings
1st Q: 778,033 $9.3B 759,308 $8.8B 736,928 $8.5B
2nd Q: N/A N/A 770,700 $8.1B 748,806 $7.8B
3rd Q: N/A N/A 770,907 $8.3B 750,033 $8.0B
4th Q: N/A N/A 780,920 $8.9B 762,365 $8.7B
MAJOR COLLEGES AND UNIVERSITIES: University of the Incarnate Word of San
Antonio, University of Texas at San Antonio, Trinity University, The University
of Texas Health Science Center, Texas A&M University - San Antonio, St.
Phillips College, St. Mary's University, San Antonio College, Palo Alto
College, Our Lady of the Lake University, Northwest Vista College, Northeast
Lakeview College
COLLEGES AND UNIVERSITIES
Year Total Fall Enrollment
2013 12 113,233
2012 12 115,363
2011 12 128,288
2010 12 116,732
2009 12 107,270
2008 11 99,166
(a) DemographicsUSA County Edition
Any data on population, value added by manufacturing or production of minerals
or agricultural products are from US Census or other official sources.
FINANCE CONNECTED OFFICIALS
General Manager
Clint Ellis
100 Dietz Road
Schertz, TX 78154
Phone: 210-658-6241
Fax: 210-658-5830
cdb@ccmatx.org
NW
DISCLAIMER. This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and
should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from
the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations,
warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings
received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The
reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.
Cibolo Creek Municipal Auth (Southern Wastewater Treatment Plant Project)
Bexar, Comal, Guadalupe Counties
11/19/2014
6774
Last Revised
TMR #
Page 3 of 3
All Rights Reserved
Texas Municipal Reports
Bond Rating Reports