Summary of Outstanding Debt - Oak Ridge, Tennessee€¦ · Summary of Outstanding Debt ... or letter of credit for the bonds will terminate or expire prior to the maturity of the

As of May 10, 2011

For Fiscal Year July 1, 2011 - June 30, 2012

CITY OF OAK RIDGE, TENNESSEE

Summaryof

Outstanding Debt

* May not include all outstanding notes and leases

Facsimile: (865) 777-5836

Prepared By:

CUMBERLAND SECURITIESDivision of Morgan Keegan & Company, Inc.

Investment Bankers11400 Parkside Dr., Suite 110Knoxville, Tennessee 37934Telephone: (865) 777-5840

General Risks Associated with Variable Rate Demand Bonds and Municipal Derivative Structures. In addition to any specific risk factors discussed in this presentation or report, there may be other factors thatBorrowers should consider in regard to variable rate demand bonds and municipal derivative structures.

General Risks Associated with Variable Rate DebtMarket Risk (Interest Rate Risk). The risk to a Borrower of rising/falling interest rates.

Tax Risk. The risk that changes or proposed changes in tax laws or events relating to the tax-exempt status of theBorrower's obligations or of tax-exempt obligations generally will cause interest rates on the debt of the Borrower toincrease.

Liquidity/Letter of Credit Renewal Risk. The risk to a Borrower with variable rate bonds that the liquidity facilityor letter of credit for the bonds will terminate or expire prior to the maturity of the bonds and/or be renewed at higherrates resulting in higher costs for the Borrower or the risk of the inability to secure a replacement facility.

Ratings Risk. The risk that either the long-term and/or the short-term ratings on the variable rate bonds are lowereddue to credit events of the borrower, bond insurer, liquidity provider or letter of credit bank resulting in higher interestcosts for the borrower.

General Risks Associated with Municipal Derivative StructuresBasis Risk. Basis risk refers to the potential mismatch between the floating rate payments received on an interest rateswap and the actual interest payments on the Borrower's underlying bonds. The risk to the Borrower is that the floatingpayments on the swap are not adequate to meet the Borrower's payments on its bonds, leading to potentially higherinterest costs. This risk is a function of both SIFMA/LIBOR ratios and the credit risk attached to the Borrower'sunderlying bonds.

Accounting Risk. The risk that the Borrower's accountants could come to an adverse conclusion regarding theaccounting treatment of a structure, resulting in a negative impact to the Borrower's financial statements.

Termination Risk. The risk that the Borrower may have to pay a substantial sum of money if either the Borrower orthe Counterparty chooses to terminate an Interest Rate Agreement prior to its otherwise stated termination date or if theAgreement terminates for some other reason, including the occurrence of an event of default or a termination event inrespect of either party to the Agreement.

Leverage Risk. The enhanced risk inherent in certain Interest Rate Agreements which, by their terms, leverage ormultiply the risks undertaken.

Counterparty Risk. The risk that the swap provider will not perform on the contract, resulting in the Borrowerpotentially owing a termination payment or becoming unhedged on its derivatives contract.

City of Oak Ridge, Tennessee

Summary of Debt

TABLE OF CONTENTS

REPORT PAGE

General Fund$1,247,994 TML Variable Rate Loan, Series 1995 ............................................................................. 1

$7,231,000 G.O. Refunding Bonds, Series 2003 (General Fund Portion)........................................... 2

$15,000,000 Local Gov. Public Imp. Bonds, Series B‐9‐A .................................................................. 3

$4,735,000 Local Gov. Public Imp. Bonds, Series VI‐M‐1 .................................................................. 4

$15,000,000 Local Gov. Public Imp. Bonds, Series B‐11‐A ................................................................ 5

$7,752,288 (of $11,000,000) TML Variable Rate Loan, Series 2008 ................................................. 7

$17,215,000 (of $27,285,000) General Obligation Refunding , Bonds Series 2009 ........................... 8

$21,140,000 Local Gov. Public Imp. Bonds, Series VII‐E‐1 ................................................................ 9

$10,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' .............................. 10

$5,224,000 General Obligation Refunding Bonds, Series 2010 ........................................................ 12

$7,420,000 General Obligation Refunding Bonds, Series 2011 ........................................................ 13

Total Outstanding Debt .................................................................................................................... 14

Total Outstanding Debt ‐ Chart 1...................................................................................................... 15

Total Outstanding Debt ‐ Chart 2...................................................................................................... 16

General Fund Fixed to Variable Ratios ‐ Chart................................................................................... 17

General Fund ‐ Self‐Supporting Debt$1,000,000 TML Variable Rate Loan, Series 2001 (Scarboro Cent er) ................................................ 18

$1,884,000 G.O. Refunding Bonds, Series 2003 (Equipment Fund Portion)...................................... 19

Qualified Zone Academy Bonds, Series 2004 (High School) .............................................................. 20


Total Outstanding Debt ‐ Chart......................................................................................................... 22

General Fund (Self‐Supporting) Fixed to Variable Ratios ‐ Chart....................................................... 23

Water and Sewer$6,152,006 TML Bond Fund Loan, Series 1995.................................................................................. 24

SRF Wastewater Loans, Series 1999, 1998 & 2002 ........................................................................... 25

TML Bond Fund Loan, Series 2001..................................................................................................... 26

$5,605,000 G.O. Refunding Bonds, Series 2003 (Water Portion)...................................................... 27

$3,652,734 (of $9,000,000) TML Bond Fund Loan, Series 2006 ater on) (W Porti .............................. 28

$2,309,552 (of $9,000,000) TML Bond Fund Loan, Series 2006 (S on) ewer Porti .............................. 29

$931,139 (of $11,000,000) TML Bond Fund Loan, Series 2008 (Water on) Porti ............................... 30

$863,277 (of $11,000,000) TML Bond Fund Loan, Series 2008 (S on) ewer Porti ............................... 31

$5,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' ................................ 32

Total Outstanding Debt..................................................................................................................... 33

Total Outstanding Debt ‐ Chart ......................................................................................................... 34

Water and Sewer Fund Fixed to Variable Ratios ‐ Chart.................................................................... 35

Electric System$12,425,000 Electric Revenue Refunding Bonds, Series 2003........................................................... 36

$3,037,714 (of $9,000,000) TML Bond Fund Loan, Series 2006 ctric on) (Ele Porti ............................ 37

$1,453,296 (of $11,000,000) TML Bond Fund Loan, Series 2008 ctric on) (Ele Porti .......................... 38

$10,070,000 (of $27,285,000) General Obligation Refunding , Bonds Series 2009 ........................... 39

$5,000,000 (of $20,000,000) General Obligation Bonds, Series s) 2009B (BAB' ................................ 40


Total Outstanding Debt ‐ Chart ......................................................................................................... 43

Electric System Fixed to Variable Ratios ‐ Chart................................................................................. 44

Morgan Keegan & Company, Inc ‐ 865‐777‐5840Knoxville Public Finance ‐ CCB

$1,247,994 City of Oak Ridge, Tennessee (Roane State)

TML Variable Rate Loan, Series 1995 (Budget Variable Rates) - Interest Pays Monthly

Debt Service

Date Principal Coupon Interest Total P+I

05/25/2011 - - - -05/25/2012 - - 25,594.43 25,594.4305/25/2013 - - 25,594.44 25,594.4405/25/2014 - - 25,594.44 25,594.4405/25/2015 - - 25,594.44 25,594.4405/25/2016 - - 25,594.44 25,594.4405/25/2017 65,722.00 4.500% 25,594.44 91,316.4405/25/2018 70,326.00 4.500% 22,636.92 92,962.9205/25/2019 75,251.00 4.500% 19,472.28 94,723.2805/25/2020 80,512.00 4.500% 16,086.00 96,598.0005/25/2021 86,145.00 4.500% 12,462.96 98,607.9605/25/2022 92,183.00 4.500% 8,586.36 100,769.3605/25/2023 98,626.00 4.500% 4,438.20 103,064.20

Total $568,765.00 - $237,249.35 $806,014.35

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments............................................................................................................................................................... 12 Per Yearq y yFirst Serial Maturity Date........................................................................................................................................................................ 5/25/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5000024%Average Life............................................................................................................................................................................................ 9.270 YearsWeighted Average Maturity.................................................................................................................................................................... 9.270 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5395896%Bond Year Dollars................................................................................................................................................................................... $5,272.21

Morgan Keegan & Company, Inc - 865-777-5840Tennessee Public Finance (Knoxville Office) - CCB Page 1

1

$7,231,000 City of Oak Ridge, Tennessee

General Obligation Refunding Bonds, Series 2003 General Fund Portion

Debt Service

Date Principal Coupon Interest Total P+I Fiscal Total

06/01/2011 - - - - -12/01/2011 - - 71,200.00 71,200.00 -06/01/2012 - - 71,200.00 71,200.00 142,400.0012/01/2012 - - 71,200.00 71,200.00 -06/01/2013 215,000.00 4.000% 71,200.00 286,200.00 357,400.0012/01/2013 - - 66,900.00 66,900.00 -06/01/2014 660,000.00 4.000% 66,900.00 726,900.00 793,800.0012/01/2014 - - 53,700.00 53,700.00 -06/01/2015 1,305,000.00 4.000% 53,700.00 1,358,700.00 1,412,400.0012/01/2015 - - 27,600.00 27,600.00 -06/01/2016 1,380,000.00 4.000% 27,600.00 1,407,600.00 1,435,200.00

Total $3,560,000.00 - $581,200.00 $4,141,200.00 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date..................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.0000000%Average Life............................................................................................................................................................................................ 4.081 YearsWeighted Average Maturity...................................................................................................................................................................... 4.081 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.0000000%Bond Year Dollars.................................................................................................................................................................................... $14,530.00

Morgan Keegan & Company, Inc - 865-777-5840Knoxville Public Finance - CCB

2

$15,000,000 City of Oak Ridge, Tennessee (High School)

Local Government Public Improvement Bonds, Series B-9-A

Debt Service


06/01/2011 - - - - -12/01/2011 - - 329,156.25 329,156.25 -06/01/2012 200,000.00 3.500% 329,156.25 529,156.25 858,312.5012/01/2012 - - 325,656.25 325,656.25 -06/01/2013 250,000.00 3.750% 325,656.25 575,656.25 901,312.5012/01/2013 - - 320,968.75 320,968.75 -06/01/2014 300,000.00 3.750% 320,968.75 620,968.75 941,937.5012/01/2014 - - 315,343.75 315,343.75 -06/01/2015 350,000.00 3.750% 315,343.75 665,343.75 980,687.5012/01/2015 - - 308,781.25 308,781.25 -06/01/2016 400,000.00 3.500% 308,781.25 708,781.25 1,017,562.5012/01/2016 - - 301,781.25 301,781.25 -06/01/2017 450,000.00 3.625% 301,781.25 751,781.25 1,053,562.5012/01/2017 - - 293,625.00 293,625.00 -06/01/2018 500,000.00 3.750% 293,625.00 793,625.00 1,087,250.0012/01/2018 - - 284,250.00 284,250.00 -06/01/2019 550,000.00 3.750% 284,250.00 834,250.00 1,118,500.0012/01/2019 - - 273,937.50 273,937.50 -06/01/2020 500,000.00 4.000% 273,937.50 773,937.50 1,047,875.0012/01/2020 - - 263,937.50 263,937.50 -06/01/2021 550,000.00 4.000% 263,937.50 813,937.50 1,077,875.0012/01/2021 - - 252,937.50 252,937.50 -06/01/2022 2,600,000.00 4.750% 252,937.50 2,852,937.50 3,105,875.0012/01/2022 - - 191,187.50 191,187.50 -06/01/2023 3,100,000.00 4.750% 191,187.50 3,291,187.50 3,482,375.0012/01/2023 - - 117,562.50 117,562.50 -06/01/2024 3,300,000.00 5.000% 117,562.50 3,417,562.50 3,535,125.0012/01/2024 - - 35,062.50 35,062.50 -06/01/2025 1,700,000.00 4.125% 35,062.50 1,735,062.50 1,770,125.00

Total $14,750,000.00 - $7,228,375.00 $21,978,375.00 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5720272%Average Life............................................................................................................................................................................................ 10.719 YearsWeighted Average Maturity..................................................................................................................................................................... 10.719 YearsBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.5596086%Bond Year Dollars................................................................................................................................................................................... $158,100.00


3


Local Government Public Improvement Bonds, Series VI-M-1 LIBOR Based Swap - Budget Rate - Interest Pays Monthly

Debt Service


06/01/2011 - - - -06/01/2012 - - 236,750.03 236,750.0306/01/2013 - - 236,750.04 236,750.0406/01/2014 - - 236,750.04 236,750.0406/01/2015 - - 236,750.04 236,750.0406/01/2016 - - 236,750.04 236,750.0406/01/2017 - - 236,750.04 236,750.0406/01/2018 - - 236,750.04 236,750.0406/01/2019 - - 236,750.04 236,750.0406/01/2020 - - 236,750.04 236,750.0406/01/2021 - - 236,750.04 236,750.0406/01/2022 - - 236,750.04 236,750.0406/01/2023 - - 236,750.04 236,750.0406/01/2024 - - 236,750.04 236,750.0406/01/2025 - - 236,750.04 236,750.0406/01/2026 1,465,000.00 5.000% 236,750.04 1,701,750.0406/01/2027 1,540,000.00 5.000% 163,500.00 1,703,500.0006/01/2028 1,615,000.00 5.000% 86,499.96 1,701,499.9606/01/2029 115,000.00 5.000% 5,750.04 120,750.04

l $ $ $Total $4,735,000.00 - $3,807,000.59 $8,542,000.59

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................. 9/01/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date...................................................................................................................................................................... 6/01/2026 Yield Statistics Average Coupon.................................................................................................................................................................................... 5.0000008%Average Life.......................................................................................................................................................................................... 16.080 YearsWeighted Average Maturity................................................................................................................................................................... 16.080 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 5.0518975%Bond Year Dollars................................................................................................................................................................................. $76,140.00


4



Debt Service Part 1 of 2


06/01/2011 - - - - -12/01/2011 - - 116,484.38 116,484.38 -06/01/2012 - - 116,484.38 116,484.38 232,968.7612/01/2012 - - 116,484.38 116,484.38 -06/01/2013 - - 116,484.38 116,484.38 232,968.7612/01/2013 - - 116,484.38 116,484.38 -06/01/2014 - - 116,484.38 116,484.38 232,968.7612/01/2014 - - 116,484.38 116,484.38 -06/01/2015 - - 116,484.38 116,484.38 232,968.7612/01/2015 - - 116,484.38 116,484.38 -06/01/2016 - - 116,484.38 116,484.38 232,968.7612/01/2016 - - 116,484.38 116,484.38 -06/01/2017 - - 116,484.38 116,484.38 232,968.7612/01/2017 - - 116,484.38 116,484.38 -06/01/2018 - - 116,484.38 116,484.38 232,968.7612/01/2018 - - 116,484.38 116,484.38 -06/01/2019 - - 116,484.38 116,484.38 232,968.7612/01/2019 - - 116,484.38 116,484.38 -06/01/2020 - - 116,484.38 116,484.38 232,968.7612/01/2020 - - 116,484.38 116,484.38 -06/01/2021 - - 116,484.38 116,484.38 232,968.7612/01/2021 - - 116,484.38 116,484.38 -06/01/2022 - - 116,484.38 116,484.38 232,968.7612/01/2022 - - 116,484.38 116,484.38 -06/01/2023 - - 116,484.38 116,484.38 232,968.7612/01/2023 - - 116,484.38 116,484.38 -06/01/2024 - - 116,484.38 116,484.38 232,968.7612/01/2024 - - 116,484.38 116,484.38 -06/01/2025 - - 116,484.38 116,484.38 232,968.7612/01/2025 - - 116,484.38 116,484.38 -06/01/2026 - - 116,484.38 116,484.38 232,968.7612/01/2026 - - 116,484.38 116,484.38 -06/01/2027 - - 116,484.38 116,484.38 232,968.7612/01/2027 - - 116,484.38 116,484.38 -06/01/2028 - - 116,484.38 116,484.38 232,968.7612/01/2028 - - 116,484.38 116,484.38 -06/01/2029 - - 116,484.38 116,484.38 232,968.7612/01/2029 - - 116,484.38 116,484.38 -06/01/2030 - - 116,484.38 116,484.38 232,968.7612/01/2030 - - 116,484.38 116,484.38 -06/01/2031 - - 116,484.38 116,484.38 232,968.7612/01/2031 - - 116,484.38 116,484.38 -06/01/2032 - - 116,484.38 116,484.38 232,968.76


5





12/01/2032 - - 116,484.38 116,484.38 -06/01/2033 - - 116,484.38 116,484.38 232,968.7612/01/2033 - - 116,484.38 116,484.38 -06/01/2034 - - 116,484.38 116,484.38 232,968.7612/01/2034 - - 116,484.38 116,484.38 -06/01/2035 - - 116,484.38 116,484.38 232,968.7612/01/2035 - - 116,484.38 116,484.38 -06/01/2036 - - 116,484.38 116,484.38 232,968.7612/01/2036 - - 116,484.38 116,484.38 -06/01/2037 2,600,000.00 4.375% 116,484.38 2,716,484.38 2,832,968.7612/01/2037 - - 59,609.38 59,609.38 -06/01/2038 2,725,000.00 4.375% 59,609.38 2,784,609.38 2,844,218.76

Total $5,325,000.00 - $6,176,406.52 $11,501,406.52 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................ 6/01/2037 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.3750002%Average Life............................................................................................................................................................................................ 26.512 YearsWeighted Average Maturity.................................................................................................................................................................... 26.512 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.3750002%Bond Year Dollars................................................................................................................................................................................... $141,175.00


6

$7,752,288 of $11,000,000 City of Oak Ridge, Tennessee

TML Loan, Series 2008 General Fund Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 - - 348,852.96 348,852.9605/25/2013 - - 348,852.96 348,852.9605/25/2014 70,000.00 4.500% 348,852.96 418,852.9605/25/2015 45,000.00 4.500% 345,702.96 390,702.9605/25/2016 5,000.00 4.500% 343,677.96 348,677.9605/25/2017 - - 343,452.96 343,452.9605/25/2018 - - 343,452.96 343,452.9605/25/2019 - - 343,452.96 343,452.9605/25/2020 75,000.00 4.500% 343,452.96 418,452.9605/25/2021 35,000.00 4.500% 340,077.96 375,077.9605/25/2022 470,000.00 4.500% 338,502.96 808,502.9605/25/2023 1,100,000.00 4.500% 317,352.96 1,417,352.9605/25/2024 775,000.00 4.500% 267,852.96 1,042,852.9605/25/2025 1,555,000.00 4.500% 232,977.96 1,787,977.9605/25/2026 1,905,000.00 4.500% 163,002.96 2,068,002.9605/25/2027 1,717,288.00 4.500% 77,277.96 1,794,565.96

Total $7,752,288.00 - $4,846,797.36 $12,599,085.36

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................ 11/25/2011Frequency of Interest Payments............................................................................................................................................................ 12 Per YearFirst Serial Maturity Date..................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon................................................................................................................................................................................... 4.5000000%Average Life......................................................................................................................................................................................... 13.894 YearsWeighted Average Maturity................................................................................................................................................................. 13.894 YearsBond Yield for Arbitrage Purposes...................................................................................................................................................... 4.5403200%Bond Year Dollars................................................................................................................................................................................ $107,706.61


7

$17,215,000 out of $27,285,000 City of Oak Ridge, Tennessee

General Obligation Refunding Bonds, Series 2009 General Fund Portion

Debt Service


06/01/2011 - - - - -12/01/2011 - - 387,850.00 387,850.00 -06/01/2012 - - 387,850.00 387,850.00 775,700.0012/01/2012 - - 387,850.00 387,850.00 -06/01/2013 - - 387,850.00 387,850.00 775,700.0012/01/2013 - - 387,850.00 387,850.00 -06/01/2014 - - 387,850.00 387,850.00 775,700.0012/01/2014 - - 387,850.00 387,850.00 -06/01/2015 1,005,000.00 3.000% 387,850.00 1,392,850.00 1,780,700.0012/01/2015 - - 372,775.00 372,775.00 -06/01/2016 1,325,000.00 5.000% 372,775.00 1,697,775.00 2,070,550.0012/01/2016 - - 339,650.00 339,650.00 -06/01/2017 2,785,000.00 5.000% 339,650.00 3,124,650.00 3,464,300.0012/01/2017 - - 270,025.00 270,025.00 -06/01/2018 2,920,000.00 4.000% 270,025.00 3,190,025.00 3,460,050.0012/01/2018 - - 211,625.00 211,625.00 -06/01/2019 2,640,000.00 4.000% 211,625.00 2,851,625.00 3,063,250.0012/01/2019 - - 158,825.00 158,825.00 -06/01/2020 2,735,000.00 5.000% 158,825.00 2,893,825.00 3,052,650.0012/01/2020 - - 90,450.00 90,450.00 -06/01/2021 2,870,000.00 5.000% 90,450.00 2,960,450.00 3,050,900.0012/01/2021 - - 18,700.00 18,700.00 -06/01/2022 935,000.00 4.000% 18,700.00 953,700.00 972,400.00

Total $17,215,000.00 - $6,026,900.00 $23,241,900.00 -



8


Local Government Public Improvement Bonds, Series VII-E-1 LIBOR Based Swap (Budget Swap Rate) - Interest Pays Monthly

Debt Service


06/01/2011 - - - -06/01/2012 - - 951,300.00 951,300.0006/01/2013 - - 951,300.00 951,300.0006/01/2014 - - 951,300.00 951,300.0006/01/2015 - - 951,300.00 951,300.0006/01/2016 - - 951,300.00 951,300.0006/01/2017 - - 951,300.00 951,300.0006/01/2018 - - 951,300.00 951,300.0006/01/2019 - - 951,300.00 951,300.0006/01/2020 - - 951,300.00 951,300.0006/01/2021 - - 951,300.00 951,300.0006/01/2022 - - 951,300.00 951,300.0006/01/2023 - - 951,300.00 951,300.0006/01/2024 - - 951,300.00 951,300.0006/01/2025 - - 951,300.00 951,300.0006/01/2026 - - 951,300.00 951,300.0006/01/2027 - - 951,300.00 951,300.0006/01/2028 - - 951,300.00 951,300.0006/01/2029 1,570,000.00 4.500% 951,300.00 2,521,300.0006/01/2030 1,745,000.00 4.500% 880,650.00 2,625,650.0006/01/2031 1,820,000.00 4.500% 802,125.00 2,622,125.0006/01/2032 4,315,000.00 4.500% 720,225.00 5,035,225.0006/01/2033 4,515,000.00 4.500% 526,050.00 5,041,050.0006/01/2034 2,295,000.00 4.500% 322,875.00 2,617,875.0006/01/2035 2,390,000.00 4.500% 219,600.00 2,609,600.0006/01/2036 2,490,000.00 4.500% 112,050.00 2,602,050.00

Total $21,140,000.00 - $20,706,975.00 $41,846,975.00

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date............................................................................................................................................................................... 9/01/2011Frequency of Interest Payments........................................................................................................................................................... 12 Per YearFirst Serial Maturity Date.................................................................................................................................................................... 6/01/2029 Yield Statistics Average Coupon................................................................................................................................................................................. 4.5000000%Average Life........................................................................................................................................................................................ 21.767 YearsWeighted Average Maturity................................................................................................................................................................ 21.767 YearsTrue Interest Cost (TIC)...................................................................................................................................................................... 4.5901904%Bond Yield for Arbitrage Purposes..................................................................................................................................................... 4.5420913%Bond Year Dollars.............................................................................................................................................................................. $460,155.00


9


General Obligation Bonds, Series 2009 B (General Fund Portion) - Federally Taxable Build America Bonds


Date Principal Coupon Interest Treasury Rebate Total P+I Fiscal Total

06/01/2011 - - - - - -12/01/2011 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2012 - - 302,437.50 (105,853.12) 196,584.38 393,168.7612/01/2012 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2013 - - 302,437.50 (105,853.12) 196,584.38 393,168.7612/01/2013 - - 302,437.50 (105,853.12) 196,584.38 -06/01/2014 50,000.00 2.875% 302,437.50 (105,853.12) 246,584.38 443,168.7612/01/2014 - - 301,718.75 (105,601.56) 196,117.19 -06/01/2015 200,000.00 3.125% 301,718.75 (105,601.56) 396,117.19 592,234.3812/01/2015 - - 298,593.75 (104,507.81) 194,085.94 -06/01/2016 - - 298,593.75 (104,507.81) 194,085.94 388,171.8812/01/2016 - - 298,593.75 (104,507.81) 194,085.94 -06/01/2017 150,000.00 4.000% 298,593.75 (104,507.81) 344,085.94 538,171.8812/01/2017 - - 295,593.75 (103,457.81) 192,135.94 -06/01/2018 - - 295,593.75 (103,457.81) 192,135.94 384,271.8812/01/2018 - - 295,593.75 (103,457.81) 192,135.94 -06/01/2019 300,000.00 4.625% 295,593.75 (103,457.81) 492,135.94 684,271.8812/01/2019 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2020 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2020 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2021 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2021 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2022 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2022 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2023 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2023 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2024 - - 288,656.25 (101,029.68) 187,626.57 375,253.1412/01/2024 - - 288,656.25 (101,029.68) 187,626.57 -06/01/2025 550,000.00 5.625% 288,656.25 (101,029.68) 737,626.57 925,253.1412/01/2025 - - 273,187.50 (95,615.62) 177,571.88 -06/01/2026 650,000.00 5.750% 273,187.50 (95,615.62) 827,571.88 1,005,143.7612/01/2026 - - 254,500.00 (89,075.00) 165,425.00 -06/01/2027 600,000.00 5.875% 254,500.00 (89,075.00) 765,425.00 930,850.0012/01/2027 - - 236,875.00 (82,906.25) 153,968.75 -06/01/2028 400,000.00 6.000% 236,875.00 (82,906.25) 553,968.75 707,937.5012/01/2028 - - 224,875.00 (78,706.25) 146,168.75 -06/01/2029 300,000.00 6.000% 224,875.00 (78,706.25) 446,168.75 592,337.5012/01/2029 - - 215,875.00 (75,556.25) 140,318.75 -06/01/2030 300,000.00 6.000% 215,875.00 (75,556.25) 440,318.75 580,637.5012/01/2030 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2031 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2031 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2032 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2032 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2033 - - 206,875.00 (72,406.25) 134,468.75 268,937.50


10


General Obligation Bonds, Series 2009 B (General Fund Portion) - Federally Taxable Build America Bonds



12/01/2033 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2034 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2034 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2035 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2035 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2036 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2036 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2037 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2037 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2038 - - 206,875.00 (72,406.25) 134,468.75 268,937.5012/01/2038 - - 206,875.00 (72,406.25) 134,468.75 -06/01/2039 2,500,000.00 6.150% 206,875.00 (72,406.25) 2,634,468.75 2,768,937.5012/01/2039 - - 130,000.00 (45,500.00) 84,500.00 -06/01/2040 2,500,000.00 6.500% 130,000.00 (45,500.00) 2,584,500.00 2,669,000.0012/01/2040 - - 48,750.00 (17,062.50) 31,687.50 -06/01/2041 1,500,000.00 6.500% 48,750.00 (17,062.50) 1,531,687.50 1,563,375.00

Total $10,000,000.00 - $14,750,562.50 (5,162,696.72) $19,587,865.78 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Delivery Date.......................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Coupon Date................................................................................................................................................................................... 12/01/2011First Serial Maturity Date........................................................................................................................................................................ 6/01/2014 Yield Statistics True Interest Cost (TIC).......................................................................................................................................................................... 3.9559851%Bond Yield for Arbitrage Purposes......................................................................................................................................................... 3.8844924%Average Coupon...................................................................................................................................................................................... 4.0506404%Bond Year Dollars................................................................................................................................................................................... $236,700.00Average Life............................................................................................................................................................................................ 23.670 YearsWeighted Average Maturity.................................................................................................................................................................... 23.670 Years


11


General Obligation Refunding Bonds, Series 2010 Refunding of 1998 Golf Bonds

Debt Service


04/29/2010 - - - - -12/01/2010 - - 98,487.99 98,487.99 -06/01/2011 380,000.00 3.000% 83,621.88 463,621.88 562,109.8712/01/2011 - - 77,921.88 77,921.88 -06/01/2012 405,000.00 3.000% 77,921.88 482,921.88 560,843.7612/01/2012 - - 71,846.88 71,846.88 -06/01/2013 420,000.00 3.000% 71,846.88 491,846.88 563,693.7612/01/2013 - - 65,546.88 65,546.88 -06/01/2014 435,000.00 3.000% 65,546.88 500,546.88 566,093.7612/01/2014 - - 59,021.88 59,021.88 -06/01/2015 445,000.00 3.000% 59,021.88 504,021.88 563,043.7612/01/2015 - - 52,346.88 52,346.88 -06/01/2016 460,000.00 3.000% 52,346.88 512,346.88 564,693.7612/01/2016 - - 45,446.88 45,446.88 -06/01/2017 475,000.00 3.000% 45,446.88 520,446.88 565,893.7612/01/2017 - - 38,321.88 38,321.88 -06/01/2018 500,000.00 4.000% 38,321.88 538,321.88 576,643.7612/01/2018 - - 28,321.88 28,321.88 -06/01/2019 555,000.00 3.250% 28,321.88 583,321.88 611,643.7612/01/2019 - - 19,303.13 19,303.13 -06/01/2020 570,000.00 3.250% 19,303.13 589,303.13 608,606.2612/01/2020 - - 10,040.63 10,040.63 -06/01/2021 595,000.00 3.375% 10,040.63 605,040.63 615,081.26

Total $4,860,000.00 - $936,237.60 $5,796,237.60 -



12


General Obligation Refunding Bonds, Series 2011

Debt Service


05/10/2011 - - - - -10/01/2011 - - 58,123.33 58,123.33 -04/01/2012 2,485,000.00 2.000% 74,200.00 2,559,200.00 -06/30/2012 - - - - 2,617,323.3310/01/2012 - - 49,350.00 49,350.00 -04/01/2013 2,610,000.00 2.000% 49,350.00 2,659,350.00 -06/30/2013 - - - - 2,708,700.0010/01/2013 - - 23,250.00 23,250.00 -04/01/2014 2,025,000.00 2.000% 23,250.00 2,048,250.00 -06/30/2014 - - - - 2,071,500.0010/01/2014 - - 3,000.00 3,000.00 -04/01/2015 300,000.00 2.000% 3,000.00 303,000.00 -06/30/2015 - - - - 306,000.00

Total $7,420,000.00 - $283,523.33 $7,703,523.33 -

Date And Term Structure Dated................................................................................................................................................................................................... 5/10/2011First Coupon Date..................................................................................................................................................................................... 10/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per Yearq y yFirst Serial Maturity Date......................................................................................................................................................................... 4/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 2.0000000%Average Life............................................................................................................................................................................................ 1.911 YearsWeighted Average Maturity...................................................................................................................................................................... 1.911 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 2.0004514%Bond Year Dollars.................................................................................................................................................................................... $14,176.17


13

City of Oak Ridge, Tennessee Total General Fund Outstanding Debt Service

(Budget Variable Rates)

Aggregate Debt Service

Date Principal Interest Treasury Rebate Total P+I

06/30/2012 3,090,000.00 4,264,920.73 (211,706.24) 7,143,214.4906/30/2013 3,495,000.00 4,212,147.40 (211,706.24) 7,495,441.1606/30/2014 3,540,000.00 4,129,372.40 (211,706.24) 7,457,666.1606/30/2015 3,650,000.00 4,033,584.90 (211,203.12) 7,472,381.7806/30/2016 3,570,000.00 3,910,484.90 (209,015.62) 7,271,469.2806/30/2017 3,925,722.00 3,761,009.90 (209,015.62) 7,477,716.2806/30/2018 3,990,326.00 3,582,239.92 (206,915.62) 7,365,650.3006/30/2019 4,120,251.00 3,423,525.24 (206,915.62) 7,336,860.6206/30/2020 3,960,512.00 3,262,001.46 (202,059.36) 7,020,454.1006/30/2021 4,136,145.00 3,079,728.42 (202,059.36) 7,013,814.0606/30/2022 4,097,183.00 2,888,695.62 (202,059.36) 6,783,819.2606/30/2023 4,298,626.00 2,702,497.40 (202,059.36) 6,799,064.0406/30/2024 4,075,000.00 2,501,309.22 (202,059.36) 6,374,249.8606/30/2025 3,805,000.00 2,301,434.22 (202,059.36) 5,904,374.8606/30/2026 4,020,000.00 2,130,396.72 (191,231.24) 5,959,165.4806/30/2027 3,857,288.00 1,934,046.72 (178,150.00) 5,613,184.7206/30/2028 2,015,000.00 1,744,518.76 (165,812.50) 3,593,706.2606/30/2029 1,985,000.00 1,639,768.76 (157,412.50) 3,467,356.2606/30/2030 2,045,000.00 1,545,368.76 (151,112.50) 3,439,256.2606/30/2031 1,820,000.00 1,448,843.76 (144,812.50) 3,124,031.2606/30/2032 4,315,000.00 1,366,943.76 (144,812.50) 5,537,131.2606/30/2033 4,515,000.00 1,172,768.76 (144,812.50) 5,542,956.2606/30/2034 2,295,000.00 969,593.76 (144,812.50) 3,119,781.2606/30/2035 2,390,000.00 866,318.76 (144,812.50) 3,111,506.2606/30/2036 2,490,000.00 758,768.76 (144,812.50) 3,103,956.2606/30/2037 2,600,000.00 646,718.76 (144,812.50) 3,101,906.2606/30/2038 2,725,000.00 532,968.76 (144,812.50) 3,113,156.2606/30/2039 2,500,000.00 413,750.00 (144,812.50) 2,768,937.5006/30/2040 2,500,000.00 260,000.00 (91,000.00) 2,669,000.0006/30/2041 1,500,000.00 97,500.00 (34,125.00) 1,563,375.00

Total $97,326,053.00 $65,581,226.53 (5,162,696.72) $157,744,582.81

Par Amounts Of Selected Issues TML 1995 - Non-Refunded Portion -GF - TML 1995...................................................................................................................... 568,765.002003 Refunding -GF.......................................................................................................................................................................... 3,560,000.00GF - High School - Series B-9-A (2005)........................................................................................................................................... 14,750,000.00GF - High School - Series VI-M-1 (2006)......................................................................................................................................... 4,735,000.00GF - High School - Series B-11-A (2006)......................................................................................................................................... 5,325,000.00TML 2008 -GF.................................................................................................................................................................................. 7,752,288.002009 Refunding Bonds -GF.............................................................................................................................................................. 17,215,000.00GF - High School - Series VII-E-1..................................................................................................................................................... 21,140,000.002009B BAB Bonds -GF.................................................................................................................................................................... 10,000,000.002010 Ref of Golf................................................................................................................................................................................ 4,860,000.002011 Ref of 2001 Bonds................................................................................................................................................................... 7,420,000.00 TOTAL............................................................................................................................................................................................. 97,326,053.00


14

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

City of Oak Ridge, TennesseeTotal Combined Outstanding General Fund Debt Service

2009B BAB'sTN‐LOANS VII‐E‐12009 RefTML 2008TN‐LOANS B‐11‐ATN‐LOANS VI‐M‐1TN‐LOANS B‐9‐A2003 Ref20112010 GolfTML 1995

$0

$1,000,000

$2,000,000

$3,000,000

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

15

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000


High School Renovation

2009B BAB's‐GF

2009 Ref

2003 Ref

2001 Ref

1998 Golf

TML 1995

$0

$1,000,000

$2,000,000

$3,000,000

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

16

$30

$40

$50

$60

$70

$80

$90

40%

50%

60%

70%

80%

90%

100%

Bonds Outstanding (in $M

illiCity of Oak Ridge, Tennessee

General Fund ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)

Synthetic Fixed

Fixed

Variable

Bonds Outstanding

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040

Synthetic Fixed 30% 31% 33% 34% 36% 38% 40% 43% 46% 50% 53% 57% 61% 65% 65% 64% 63% 62% 60% 58% 50% 38% 29% 17% 0% 0% 0% 0% 0%

Fixed 70% 69% 67% 66% 64% 62% 60% 57% 54% 50% 47% 43% 39% 35% 35% 36% 37% 38% 40% 42% 50% 62% 71% 83% 100% 100% 100% 100% 100%

Variable 10% 10% 10% 11% 11% 12% 13% 13% 14% 15% 15% 13% 12% 9% 5% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Bonds Outstanding 85.7 82.4 78.9 75.3 71.8 67.9 64.0 60.0 56.2 52.1 48.6 45.5 42.2 40.0 37.8 35.7 33.7 31.7 29.7 27.8 23.5 19.0 16.7 14.3 11.8 9.2 6.5 4.0 1.5

$‐

$10

$20

$30

0%

10%

20%

30%

ions)

17


TML Loan (August 20, 2001) (Scarboro Center) (Budgeted Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 72,000.00 4.500% 22,005.00 94,005.0005/25/2013 76,000.00 4.500% 18,765.00 94,765.0005/25/2014 79,000.00 4.500% 15,345.00 94,345.0005/25/2015 83,000.00 4.500% 11,790.00 94,790.0005/25/2016 87,000.00 4.500% 8,055.00 95,055.0005/25/2017 92,000.00 4.500% 4,140.00 96,140.00

Total $489,000.00 - $80,100.00 $569,100.00

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments............................................................................................................................................................... 12 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon...................................................................................................................................................................................... 4.5000000%Average Life............................................................................................................................................................................................ 3.640 YearsWeighted Average Maturity..................................................................................................................................................................... 3.640 Yearsg g yBond Yield for Arbitrage Purposes.......................................................................................................................................................... 4.5360014%Bond Year Dollars................................................................................................................................................................................... $1,780.00


18


General Obligation Refunding Bonds, Series 2003 General Fund Portion (Equipment Fund)

Debt Service


06/01/2011 - - - - -12/01/2011 - - 5,500.00 5,500.00 -06/01/2012 205,000.00 4.000% 5,500.00 210,500.00 216,000.0012/01/2012 - - 1,400.00 1,400.00 -06/01/2013 70,000.00 4.000% 1,400.00 71,400.00 72,800.00

Total $275,000.00 - $13,800.00 $288,800.00 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date.................................................................................................................................................................................... 12/01/2011Frequency of Interest Payments................................................................................................................................................................ 2 Per YearFirst Serial Maturity Date......................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon....................................................................................................................................................................................... 4.0000000%Average Life............................................................................................................................................................................................ 1.255 YearsWeighted Average Maturity..................................................................................................................................................................... 1.255 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................... 4.0000000%Bond Year Dollars.................................................................................................................................................................................... $345.00


19


Qualified Zone Academy Bonds, Series 2004

Debt Service

Date Principal Coupon Total P+I Fiscal Total

11/24/2010 - - - -11/24/2011 509,419.00 - 509,419.00 509,419.0011/24/2012 509,418.00 - 509,418.00 509,418.0011/24/2013 509,418.00 - 509,418.00 509,418.0011/24/2014 509,419.00 - 509,419.00 509,419.0011/24/2015 509,418.00 - 509,418.00 509,418.0011/24/2016 509,418.00 - 509,418.00 509,418.0011/24/2017 509,419.00 - 509,419.00 509,419.0011/24/2018 509,418.00 - 509,418.00 509,418.0011/24/2019 509,418.00 - 509,418.00 509,418.0011/24/2020 509,419.00 - 509,419.00 509,419.00

Total $5,094,184.00 - $5,094,184.00 -

Date And Term Structure Dated................................................................................................................................................................................................... 11/24/2010First Coupon Date...................................................................................................................................................................................... 11/24/2011Frequency of Interest Payments.................................................................................................................................................................. 2 Per YearFirst Serial Maturity Date........................................................................................................................................................................... 11/24/2011 Yield Statistics Average Coupon......................................................................................................................................................................................... -Average Life............................................................................................................................................................................................ 5.000 YearsWeighted Average Maturity....................................................................................................................................................................... 5.000 YearsBond Yield for Arbitrage Purposes............................................................................................................................................................. 0%Bond Year Dollars...................................................................................................................................................................................... $28,018.01


20

City of Oak Ridge, Tennessee Total Self-Supporting General Fund Outstanding Debt Service



Date Principal Interest Total P+I

06/30/2011 - - -06/30/2012 786,419.00 33,005.00 819,424.0006/30/2013 655,418.00 21,565.00 676,983.0006/30/2014 588,418.00 15,345.00 603,763.0006/30/2015 592,419.00 11,790.00 604,209.0006/30/2016 596,418.00 8,055.00 604,473.0006/30/2017 601,418.00 4,140.00 605,558.0006/30/2018 509,419.00 - 509,419.0006/30/2019 509,418.00 - 509,418.0006/30/2020 509,418.00 - 509,418.0006/30/2021 509,419.00 - 509,419.00

Total $5,858,184.00 $93,900.00 $5,952,084.00

Par Amounts Of Selected Issues 2003 Refunding -GO Self Supporting - Equipment Fund...................................................................................................................... 275,000.00GO Self Supporting - TML 2001 (Scarboro Center).............................................................................................................................. 489,000.00GF - High School - QZAB..................................................................................................................................................................... 5,094,184.00 TOTAL................................................................................................................................................................................................. 5,858,184.00


21

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000


(Self‐Supporting)

QZAB (High School)

TML 2001 (Scarboro Center)

2003 Ref (Equipment Fund)

$0

$200,000

$400,000

$600,000

$800,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

22

2 0

3.0

4.0

5.0

6.0

92%

94%

96%

98%

100%



Self Supporting General Fund ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)

Variable

Fixed

Bonds Outstanding

2012 2013 2014 2015 2016 2017 2018 2019 2020

Variable 8% 7% 7% 5% 3% 0% 0% 0% 0%

Fixed 92% 93% 93% 95% 97% 100% 100% 100% 100%

Bonds Outstanding 5.1 4.4 3.8 3.2 2.6 2.0 1.5 1.0 0.5

0.0

1.0

2.0

86%

88%

90%

ions)

23


TML Bond Fund Loan, Series 1995 (Water & Sewer Portion) (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 - - 126,168.10 126,168.1005/25/2013 - - 126,168.12 126,168.1205/25/2014 - - 126,168.12 126,168.1205/25/2015 - - 126,168.12 126,168.1205/25/2016 - - 126,168.12 126,168.1205/25/2017 323,978.00 4.500% 126,168.12 450,146.1205/25/2018 346,674.00 4.500% 111,589.08 458,263.0805/25/2019 370,949.00 4.500% 95,988.72 466,937.7205/25/2020 396,888.00 4.500% 79,296.00 476,184.0005/25/2021 424,655.00 4.500% 61,436.04 486,091.0405/25/2022 454,417.00 4.500% 42,326.64 496,743.6405/25/2023 486,174.00 4.500% 21,877.80 508,051.80

Total $2,803,735.00 - $1,169,522.98 $3,973,257.98

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date.................................................................................................................................................................................. 11/25/2011Frequency of Interest Payments............................................................................................................................................................. 12 Per Yearq y yFirst Serial Maturity Date...................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon.................................................................................................................................................................................... 4.5000008%Average Life.......................................................................................................................................................................................... 9.270 YearsWeighted Average Maturity................................................................................................................................................................... 9.270 YearsBond Yield for Arbitrage Purposes........................................................................................................................................................ 4.5395896%Bond Year Dollars................................................................................................................................................................................. $25,989.40


24


SRF Wastewater Loan, Series 1997, 1998 & 2002 Payments Due Monthly

Debt Service


06/01/2011 - - - -06/01/2012 779,040.00 4.578% 638,536.00 1,417,576.0006/01/2013 1,001,333.00 4.105% 602,873.00 1,604,206.0006/01/2014 1,042,433.00 4.104% 561,773.00 1,604,206.0006/01/2015 1,085,213.00 4.105% 518,993.00 1,604,206.0006/01/2016 1,129,745.00 4.104% 474,449.00 1,604,194.0006/01/2017 1,176,126.00 4.105% 428,081.00 1,604,207.0006/01/2018 1,224,401.00 4.105% 379,806.00 1,604,207.0006/01/2019 1,274,656.00 4.106% 329,549.00 1,604,205.0006/01/2020 1,326,978.00 4.105% 277,217.00 1,604,195.0006/01/2021 1,381,449.00 4.104% 222,744.00 1,604,193.0006/01/2022 1,438,115.00 2.880% 166,047.00 1,604,162.0006/01/2023 452,654.00 2.852% 124,624.00 577,278.0006/01/2024 289,265.00 3.898% 111,713.00 400,978.0006/01/2025 300,540.00 3.898% 100,438.00 400,978.0006/01/2026 312,255.00 3.898% 88,723.00 400,978.0006/01/2027 324,427.00 3.898% 76,552.00 400,979.0006/01/2028 337,073.00 3.898% 63,906.00 400,979.0006/01/2029 350,211.00 3.898% 50,766.00 400,977.0006/01/2030 363,863.00 3.898% 37,116.00 400,979.0006/01/2031 378,046.00 3.898% 22,932.00 400,978.0006/01/2032 392,783.00 2.087% 8,196.00 400,979.00

Total $16,360,606.00 - $5,285,034.00 $21,645,640.00

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011First Coupon Date............................................................................................................................................................................... 12/01/2011Frequency of Interest Payments........................................................................................................................................................... 2 Per YearFirst Serial Maturity Date.................................................................................................................................................................... 6/01/2012 Yield Statistics Average Coupon.................................................................................................................................................................................. 3.7394657%Average Life........................................................................................................................................................................................ 8.639 YearsWeighted Average Maturity................................................................................................................................................................ 8.639 YearsBond Yield for Arbitrage Purposes..................................................................................................................................................... 3.7629517%Bond Year Dollars............................................................................................................................................................................... $141,331.26


25

$3,000,000 City of Oak Ridge, Tennessee TML Bond Fund Loan, Series 2001

(Budgeted Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 141,000.00 4.500% 90,000.00 231,000.0005/25/2013 148,000.00 4.500% 83,655.00 231,655.0005/25/2014 155,000.00 4.500% 76,995.00 231,995.0005/25/2015 163,000.00 4.500% 70,020.00 233,020.0005/25/2016 171,000.00 4.500% 62,685.00 233,685.0005/25/2017 180,000.00 4.500% 54,990.00 234,990.0005/25/2018 189,000.00 4.500% 46,890.00 235,890.0005/25/2019 198,000.00 4.500% 38,385.00 236,385.0005/25/2020 208,000.00 4.500% 29,475.00 237,475.0005/25/2021 218,000.00 4.500% 20,115.00 238,115.0005/25/2022 229,000.00 4.500% 10,305.00 239,305.00

Total $2,000,000.00 - $583,515.00 $2,583,515.00

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012y Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000000%Average Life........................................................................................................................................................................................... 6.484 YearsWeighted Average Maturity.................................................................................................................................................................... 6.484 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5385256%Bond Year Dollars.................................................................................................................................................................................. $12,967.00


26


General Obligation Refunding Bonds, Series 2003 Waterworks Portion

Debt Service


06/01/2011 - - - - -12/01/2011 - - 44,800.00 44,800.00 -06/01/2012 420,000.00 4.000% 44,800.00 464,800.00 509,600.0012/01/2012 - - 36,400.00 36,400.00 -06/01/2013 435,000.00 4.000% 36,400.00 471,400.00 507,800.0012/01/2013 - - 27,700.00 27,700.00 -06/01/2014 445,000.00 4.000% 27,700.00 472,700.00 500,400.0012/01/2014 - - 18,800.00 18,800.00 -06/01/2015 460,000.00 4.000% 18,800.00 478,800.00 497,600.0012/01/2015 - - 9,600.00 9,600.00 -06/01/2016 480,000.00 4.000% 9,600.00 489,600.00 499,200.00

Total $2,240,000.00 - $274,600.00 $2,514,600.00 -



27


TML Loan, Series 2006 Water Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 149,955.00 4.500% 135,088.33 285,043.3305/25/2013 156,068.00 4.500% 128,340.36 284,408.3605/25/2014 162,180.00 4.500% 121,317.36 283,497.3605/25/2015 168,700.00 4.500% 114,019.20 282,719.2005/25/2016 175,220.00 4.500% 106,427.76 281,647.7605/25/2017 182,555.00 4.500% 98,542.80 281,097.8005/25/2018 189,482.00 4.500% 90,327.84 279,809.8405/25/2019 197,224.00 4.500% 81,801.12 279,025.1205/25/2020 204,966.00 4.500% 72,926.04 277,892.0405/25/2021 213,524.00 4.500% 63,702.60 277,226.6005/25/2022 222,081.00 4.500% 54,093.96 276,174.9605/25/2023 230,638.00 4.500% 44,100.36 274,738.3605/25/2024 240,010.00 4.500% 33,721.68 273,731.6805/25/2025 249,790.00 4.500% 22,921.20 272,711.2005/25/2026 259,570.00 4.500% 11,680.68 271,250.68

Total $3,001,963.00 - $1,179,011.29 $4,180,974.29



28


TML Loan, Series 2006 Sewer Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 95,279.00 4.500% 85,833.02 181,112.0205/25/2013 99,163.00 4.500% 81,545.52 180,708.5205/25/2014 103,047.00 4.500% 77,083.20 180,130.2005/25/2015 107,189.00 4.500% 72,446.04 179,635.0405/25/2016 111,332.00 4.500% 67,622.52 178,954.5205/25/2017 115,992.00 4.500% 62,612.64 178,604.6405/25/2018 120,394.00 4.500% 57,393.00 177,787.0005/25/2019 125,313.00 4.500% 51,975.24 177,288.2405/25/2020 130,232.00 4.500% 46,336.20 176,568.2005/25/2021 135,670.00 4.500% 40,475.76 176,145.7605/25/2022 141,107.00 4.500% 34,370.52 175,477.5205/25/2023 146,544.00 4.500% 28,020.72 174,564.7205/25/2024 152,499.00 4.500% 21,426.24 173,925.2405/25/2025 158,713.00 4.500% 14,563.80 173,276.8005/25/2026 164,927.00 4.500% 7,421.76 172,348.76

Total $1,907,401.00 - $749,126.18 $2,656,527.18

Date And Term Structure Dated................................................................................................................................................................................................... 5/25/2011First Coupon Date................................................................................................................................................................................... 11/25/2011Frequency of Interest Payments.............................................................................................................................................................. 12 Per YearFirst Serial Maturity Date....................................................................................................................................................................... 5/25/2012 Yield Statistics Average Coupon..................................................................................................................................................................................... 4.5000015%Average Life........................................................................................................................................................................................... 8.728 YearsWeighted Average Maturity.................................................................................................................................................................... 8.728 YearsBond Yield for Arbitrage Purposes......................................................................................................................................................... 4.5393517%Bond Year Dollars.................................................................................................................................................................................. $16,647.24


29

$931,139 of $11,000,000 City of Oak Ridge, Tennessee

TML Loan, Series 2008 Water Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 - - 41,901.25 41,901.2505/25/2013 - - 41,901.24 41,901.2405/25/2014 - - 41,901.24 41,901.2405/25/2015 - - 41,901.24 41,901.2405/25/2016 - - 41,901.24 41,901.2405/25/2017 50,000.00 4.500% 41,901.24 91,901.2405/25/2018 60,000.00 4.500% 39,651.24 99,651.2405/25/2019 60,000.00 4.500% 36,951.24 96,951.2405/25/2020 60,000.00 4.500% 34,251.24 94,251.2405/25/2021 60,000.00 4.500% 31,551.24 91,551.2405/25/2022 - - 28,851.24 28,851.2405/25/2023 120,000.00 4.500% 28,851.24 148,851.2405/25/2024 115,000.00 4.500% 23,451.24 138,451.2405/25/2025 125,000.00 4.500% 18,276.24 143,276.2405/25/2026 135,000.00 4.500% 12,651.24 147,651.2405/25/2027 146,139.00 4.500% 6,576.24 152,715.24

Total $931,139.00 - $512,469.85 $1,443,608.85



30

$863,277 of $11,000,000 City of Oak Ridge, Tennessee

TML Loan, Series 2008 Sewer Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 - - 38,847.47 38,847.4705/25/2013 - - 38,847.48 38,847.4805/25/2014 - - 38,847.48 38,847.4805/25/2015 - - 38,847.48 38,847.4805/25/2016 - - 38,847.48 38,847.4805/25/2017 25,000.00 4.500% 38,847.48 63,847.4805/25/2018 25,000.00 4.500% 37,722.48 62,722.4805/25/2019 - - 36,597.48 36,597.4805/25/2020 - - 36,597.48 36,597.4805/25/2021 - - 36,597.48 36,597.4805/25/2022 - - 36,597.48 36,597.4805/25/2023 40,000.00 4.500% 36,597.48 76,597.4805/25/2024 180,000.00 4.500% 34,797.48 214,797.4805/25/2025 190,000.00 4.500% 26,697.48 216,697.4805/25/2026 200,000.00 4.500% 18,147.48 218,147.4805/25/2027 203,277.00 4.500% 9,147.48 212,424.48

Total $863,277.00 - $542,584.67 $1,405,861.67



31


General Obligation Bonds, Series 2009 B (Water & Sewer Fund Portion) - Federally Taxable Build America Bonds

Debt Service


06/01/2011 - - - - - -12/01/2011 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2012 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2012 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2013 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2013 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2014 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2014 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2015 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2015 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2016 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2016 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2017 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2017 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2018 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2018 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2019 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2019 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2020 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2020 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2021 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2021 - - 146,062.50 (51,121.87) 94,940.63 -06/01/2022 - - 146,062.50 (51,121.87) 94,940.63 189,881.2612/01/2022 - - 146,062.50 (51,121.87) 94,940.63 -12/01/2022 146,062.50 (51,121.87) 94,940.6306/01/2023 200,000.00 5.000% 146,062.50 (51,121.87) 294,940.63 389,881.2612/01/2023 - - 141,062.50 (49,371.87) 91,690.63 -06/01/2024 450,000.00 5.500% 141,062.50 (49,371.87) 541,690.63 633,381.2612/01/2024 - - 128,687.50 (45,040.62) 83,646.88 -06/01/2025 450,000.00 5.625% 128,687.50 (45,040.62) 533,646.88 617,293.7612/01/2025 - - 116,031.25 (40,610.93) 75,420.32 -06/01/2026 400,000.00 5.750% 116,031.25 (40,610.93) 475,420.32 550,840.6412/01/2026 - - 104,531.25 (36,585.93) 67,945.32 -06/01/2027 750,000.00 5.875% 104,531.25 (36,585.93) 817,945.32 885,890.6412/01/2027 - - 82,500.00 (28,875.00) 53,625.00 -06/01/2028 900,000.00 6.000% 82,500.00 (28,875.00) 953,625.00 1,007,250.0012/01/2028 - - 55,500.00 (19,425.00) 36,075.00 -06/01/2029 900,000.00 6.000% 55,500.00 (19,425.00) 936,075.00 972,150.0012/01/2029 - - 28,500.00 (9,975.00) 18,525.00 -06/01/2030 950,000.00 6.000% 28,500.00 (9,975.00) 968,525.00 987,050.00

Total $5,000,000.00 - $4,819,125.00 (1,686,693.58) $8,132,431.42 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments.................................................................................................................................................................... 2 Per YearFirst Coupon Date....................................................................................................................................................................................... 12/01/2011First Serial Maturity Date.............................................................................................................................................................................. 6/01/2023 Yield Statistics True Interest Cost (TIC)................................................................................................................................................................................ 3.7294483%Bond Yield for Arbitrage Purposes............................................................................................................................................................... 3.8827760%Average Coupon.......................................................................................................................................................................................... 3.8143659%Bond Year Dollars....................................................................................................................................................................................... $82,100.00Average Life............................................................................................................................................................................................ 16.420 YearsWeighted Average Maturity.......................................................................................................................................................................... 16.420 Years


32

City of Oak Ridge, Tennessee Total Water & Sewer Outstanding Debt Service




06/30/2012 1,585,274.00 1,538,099.18 (102,243.74) 3,021,129.4406/30/2013 1,839,564.00 1,468,255.66 (102,243.74) 3,205,575.9206/30/2014 1,907,660.00 1,391,610.26 (102,243.74) 3,197,026.5206/30/2015 1,984,102.00 1,312,120.04 (102,243.74) 3,193,978.3006/30/2016 2,067,297.00 1,229,426.04 (102,243.74) 3,194,479.3006/30/2017 2,053,651.00 1,143,268.20 (102,243.74) 3,094,675.4606/30/2018 2,154,951.00 1,055,504.56 (102,243.74) 3,108,211.8206/30/2019 2,226,142.00 963,372.82 (102,243.74) 3,087,271.0806/30/2020 2,327,064.00 868,223.96 (102,243.74) 3,093,044.2206/30/2021 2,433,298.00 768,747.08 (102,243.74) 3,099,801.3406/30/2022 2,484,720.00 664,716.88 (102,243.74) 3,047,193.1406/30/2023 1,676,010.00 576,196.66 (102,243.74) 2,149,962.9206/30/2024 1,426,774.00 507,234.64 (98,743.74) 1,835,264.9006/30/2025 1,474,043.00 440,271.72 (90,081.24) 1,824,233.4806/30/2026 1,471,752.00 370,686.60 (81,221.86) 1,761,216.7406/30/2027 1,423,843.00 301,338.22 (73,171.86) 1,652,009.3606/30/2028 1,237,073.00 228,906.00 (57,750.00) 1,408,229.0006/30/2029 1,250,211.00 161,766.00 (38,850.00) 1,373,127.0006/30/2030 1,313,863.00 94,116.00 (19,950.00) 1,388,029.0006/30/2031 378,046.00 22,932.00 - 400,978.0006/30/2032 392,783.00 8,196.00 - 400,979.00

Total $35,108,121.00 $15,114,988.52 (1,686,693.58) $48,536,415.94

Par Amounts Of Selected Issues TML 1995 - Non-Refunded Portion -WS - TML 1995....................................................................................................................... 2,803,735.002003 Refunding -WS.......................................................................................................................................................................... 2,240,000.00TML 2008 -Water............................................................................................................................................................................... 931,139.00TML 2008 -Sewer............................................................................................................................................................................... 863,277.002009B BAB Bonds -WS..................................................................................................................................................................... 5,000,000.00WS - SRF 1997, 1998 & 2002............................................................................................................................................................ 16,360,606.00WS - 2001 TML.................................................................................................................................................................................. 2,000,000.00TML 2006 -Water............................................................................................................................................................................... 3,001,963.00TML 2006 -Sewer............................................................................................................................................................................... 1,907,401.00 TOTAL.............................................................................................................................................................................................. 35,108,121.00


33

$2,000,000

$2,500,000

$3,000,000

$3,500,000

City of Oak Ridge, TennesseeTotal Combined Outstanding Water & Sewer System Debt Service

TML 2006 (Sewer)TML 2006 (Water)TML 2001SRF 1997, 1999 & 20022009B BAB'sTML 2008 (Sewer)TML 2008 (Water)2003 RefTML 1995

$0

$500,000

$1,000,000

$1,500,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

34

15.0

20.0

25.0

30.0

35.0

40.0

40%

50%

60%

70%

80%

90%

100%



Water & Sewer System ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)

Variable

Fixed

Bonds Outstanding

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Variable 33% 34% 34% 35% 36% 36% 35% 34% 33% 31% 29% 24% 20% 15% 6% 0% 0% 0%

Fixed 67% 66% 66% 65% 64% 64% 65% 66% 67% 69% 71% 76% 80% 85% 94% 100% 100% 100%

Bonds Outstanding 33.4 31.6 29.7 27.7 25.6 23.6 21.4 19.2 16.9 14.5 12.0 10.3 8.9 7.5 6.0 4.6 3.3 2.1

0.0

5.0

10.0

0%

10%

20%

30%

ions)

35


Electric Revenue Refunding Bonds, Series 2003

Debt Service


06/01/2011 - - - - -12/01/2011 - - 109,850.00 109,850.00 -06/01/2012 1,000,000.00 5.000% 109,850.00 1,109,850.00 1,219,700.0012/01/2012 - - 84,850.00 84,850.00 -06/01/2013 1,010,000.00 5.000% 84,850.00 1,094,850.00 1,179,700.0012/01/2013 - - 59,600.00 59,600.00 -06/01/2014 1,095,000.00 4.000% 59,600.00 1,154,600.00 1,214,200.0012/01/2014 - - 37,700.00 37,700.00 -06/01/2015 925,000.00 4.000% 37,700.00 962,700.00 1,000,400.0012/01/2015 - - 19,200.00 19,200.00 -06/01/2016 960,000.00 4.000% 19,200.00 979,200.00 998,400.00

Total $4,990,000.00 - $622,400.00 $5,612,400.00 -



36


TML Loan, Series 2006 Electric Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 122,765.00 4.500% 110,593.70 233,358.7005/25/2013 127,769.00 4.500% 105,069.24 232,838.2405/25/2014 132,773.00 4.500% 99,319.68 232,092.6805/25/2015 138,111.00 4.500% 93,344.88 231,455.8805/25/2016 143,448.00 4.500% 87,129.96 230,577.9605/25/2017 149,453.00 4.500% 80,674.80 230,127.8005/25/2018 155,124.00 4.500% 73,949.40 229,073.4005/25/2019 161,463.00 4.500% 66,968.76 228,431.7605/25/2020 167,801.00 4.500% 59,703.00 227,504.0005/25/2021 174,807.00 4.500% 52,151.88 226,958.8805/25/2022 181,812.00 4.500% 44,285.64 226,097.6405/25/2023 188,818.00 4.500% 36,104.04 224,922.0405/25/2024 196,491.00 4.500% 27,607.20 224,098.2005/25/2025 204,498.00 4.500% 18,765.12 223,263.1205/25/2026 212,505.00 4.500% 9,562.68 222,067.68

Total $2,457,638.00 - $965,229.98 $3,422,867.98



37


TML Loan, Series 2008 Electric Portion (Budget Variable Rates) - Interest Pays Monthly

Debt Service


05/25/2011 - - - -05/25/2012 - - 65,398.32 65,398.3205/25/2013 - - 65,398.32 65,398.3205/25/2014 - - 65,398.32 65,398.3205/25/2015 25,000.00 4.500% 65,398.32 90,398.3205/25/2016 70,000.00 4.500% 64,273.32 134,273.3205/25/2017 - - 61,123.32 61,123.3205/25/2018 - - 61,123.32 61,123.3205/25/2019 35,000.00 4.500% 61,123.32 96,123.3205/25/2020 - - 59,548.32 59,548.3205/25/2021 40,000.00 4.500% 59,548.32 99,548.3205/25/2022 - - 57,748.32 57,748.3205/25/2023 - - 57,748.32 57,748.3205/25/2024 290,000.00 4.500% 57,748.32 347,748.3205/25/2025 305,000.00 4.500% 44,698.32 349,698.3205/25/2026 355,000.00 4.500% 30,973.32 385,973.3205/25/2027 333,296.00 4.500% 14,998.32 348,294.32

Total $1,453,296.00 - $892,248.12 $2,345,544.12



38

$10,070,000 out of $27,285,000 City of Oak Ridge, Tennessee

General Obligation Refunding Bonds, Series 2009 Electric Portion

Debt Service


06/01/2011 - - - - -12/01/2011 - - 224,221.88 224,221.88 -06/01/2012 - - 224,221.88 224,221.88 448,443.7612/01/2012 - - 224,221.88 224,221.88 -06/01/2013 - - 224,221.88 224,221.88 448,443.7612/01/2013 - - 224,221.88 224,221.88 -06/01/2014 - - 224,221.88 224,221.88 448,443.7612/01/2014 - - 224,221.88 224,221.88 -06/01/2015 - - 224,221.88 224,221.88 448,443.7612/01/2015 - - 224,221.88 224,221.88 -06/01/2016 - - 224,221.88 224,221.88 448,443.7612/01/2016 - - 224,221.88 224,221.88 -06/01/2017 1,000,000.00 5.000% 224,221.88 1,224,221.88 1,448,443.7612/01/2017 - - 199,221.88 199,221.88 -06/01/2018 1,045,000.00 4.000% 199,221.88 1,244,221.88 1,443,443.7612/01/2018 - - 178,321.88 178,321.88 -06/01/2019 1,055,000.00 4.000% 178,321.88 1,233,321.88 1,411,643.7612/01/2019 - - 157,221.88 157,221.88 -06/01/2020 1,135,000.00 5.000% 157,221.88 1,292,221.88 1,449,443.7612/01/2020 - - 128,846.88 128,846.88 -06/01/2021 1,150,000.00 5.000% 128,846.88 1,278,846.88 1,407,693.7612/01/2021 - - 100,096.88 100,096.88 -06/01/2022 1,210,000.00 4.000% 100,096.88 1,310,096.88 1,410,193.7612/01/2022 - - 75,896.88 75,896.88 -06/01/2023 1,300,000.00 4.250% 75,896.88 1,375,896.88 1,451,793.7612/01/2023 - - 48,271.88 48,271.88 -06/01/2024 1,065,000.00 4.375% 48,271.88 1,113,271.88 1,161,543.7612/01/2024 - - 24,975.00 24,975.00 -06/01/2025 1,110,000.00 4.500% 24,975.00 1,134,975.00 1,159,950.00

Total $10,070,000.00 - $4,516,368.88 $14,586,368.88 -



39


General Obligation Bonds, Series 2009 B (Electric Fund Portion) - Federally Taxable Build America Bonds



06/01/2011 - - - - - -12/01/2011 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2012 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2012 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2013 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2013 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2014 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2014 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2015 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2015 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2016 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2016 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2017 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2017 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2018 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2018 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2019 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2019 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2020 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2020 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2021 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2021 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2022 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2022 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2023 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2023 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2024 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2024 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2025 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2025 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2026 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2026 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2027 - - 151,387.50 (52,985.62) 98,401.88 196,803.7612/01/2027 - - 151,387.50 (52,985.62) 98,401.88 -06/01/2028 450,000.00 6.000% 151,387.50 (52,985.62) 548,401.88 646,803.7612/01/2028 - - 137,887.50 (48,260.62) 89,626.88 -06/01/2029 450,000.00 6.000% 137,887.50 (48,260.62) 539,626.88 629,253.7612/01/2029 - - 124,387.50 (43,535.62) 80,851.88 -06/01/2030 450,000.00 6.000% 124,387.50 (43,535.62) 530,851.88 611,703.7612/01/2030 - - 110,887.50 (38,810.62) 72,076.88 -06/01/2031 450,000.00 6.000% 110,887.50 (38,810.62) 522,076.88 594,153.7612/01/2031 - - 97,387.50 (34,085.62) 63,301.88 -06/01/2032 450,000.00 6.000% 97,387.50 (34,085.62) 513,301.88 576,603.76


40


General Obligation Bonds, Series 2009 B (Electric Fund Portion) - Federally Taxable Build America Bonds



12/01/2032 - - 83,887.50 (29,360.62) 54,526.88 -06/01/2033 450,000.00 6.000% 83,887.50 (29,360.62) 504,526.88 559,053.7612/01/2033 - - 70,387.50 (24,635.62) 45,751.88 -06/01/2034 450,000.00 6.000% 70,387.50 (24,635.62) 495,751.88 541,503.7612/01/2034 - - 56,887.50 (19,910.62) 36,976.88 -06/01/2035 450,000.00 6.150% 56,887.50 (19,910.62) 486,976.88 523,953.7612/01/2035 - - 43,050.00 (15,067.50) 27,982.50 -06/01/2036 450,000.00 6.150% 43,050.00 (15,067.50) 477,982.50 505,965.0012/01/2036 - - 29,212.50 (10,224.37) 18,988.13 -06/01/2037 475,000.00 6.150% 29,212.50 (10,224.37) 493,988.13 512,976.2612/01/2037 - - 14,606.25 (5,112.18) 9,494.07 -06/01/2038 475,000.00 6.150% 14,606.25 (5,112.18) 484,494.07 493,988.14

Total $5,000,000.00 - $6,684,337.50 (2,339,517.86) $9,344,819.64 -

Date And Term Structure Dated................................................................................................................................................................................................... 6/01/2011Frequency of Interest Payments............................................................................................................................................................... 2 Per YearFirst Coupon Date................................................................................................................................................................................... 12/01/2011First Serial Maturity Date........................................................................................................................................................................ 6/01/2028 Yield Statistics True Interest Cost (TIC).......................................................................................................................................................................... 3.8691622%Bond Yield for Arbitrage Purposes......................................................................................................................................................... 3.8827760%Average Coupon...................................................................................................................................................................................... 3.9415261%Bond Year Dollars................................................................................................................................................................................... $110,225.00Average Life............................................................................................................................................................................................ 22.045 YearsWeighted Average Maturity.................................................................................................................................................................... 22.045 Years


41

City of Oak Ridge, Tennessee Total Electric System Outstanding Debt Service




06/30/2011 - - - -06/30/2012 1,122,765.00 1,146,910.80 (105,971.24) 2,163,704.5606/30/2013 1,137,769.00 1,091,386.36 (105,971.24) 2,123,184.1206/30/2014 1,227,773.00 1,035,136.76 (105,971.24) 2,156,938.5206/30/2015 1,088,111.00 985,361.98 (105,971.24) 1,967,501.7406/30/2016 1,173,448.00 941,021.98 (105,971.24) 2,008,498.7406/30/2017 1,149,453.00 893,016.82 (105,971.24) 1,936,498.5806/30/2018 1,200,124.00 836,291.44 (105,971.24) 1,930,444.2006/30/2019 1,251,463.00 787,510.86 (105,971.24) 1,933,002.6206/30/2020 1,302,801.00 736,470.02 (105,971.24) 1,933,299.7806/30/2021 1,364,807.00 672,168.98 (105,971.24) 1,931,004.7406/30/2022 1,391,812.00 605,002.66 (105,971.24) 1,890,843.4206/30/2023 1,488,818.00 548,421.12 (105,971.24) 1,931,267.8806/30/2024 1,551,491.00 484,674.32 (105,971.24) 1,930,194.0806/30/2025 1,619,498.00 416,188.46 (105,971.24) 1,929,715.2206/30/2026 567,505.00 343,311.04 (105,971.24) 804,844.8006/30/2027 333,296.00 317,773.32 (105,971.24) 545,098.0806/30/2028 450,000.00 302,775.00 (105,971.24) 646,803.7606/30/2029 450,000.00 275,775.00 (96,521.24) 629,253.7606/30/2030 450,000.00 248,775.00 (87,071.24) 611,703.7606/30/2031 450,000.00 221,775.00 (77,621.24) 594,153.7606/30/2032 450,000.00 194,775.00 (68,171.24) 576,603.7606/30/2033 450,000.00 167,775.00 (58,721.24) 559,053.7606/30/2034 450,000.00 140,775.00 (49,271.24) 541,503.7606/30/2035 450,000.00 113,775.00 (39,821.24) 523,953.7606/30/2036 450,000.00 86,100.00 (30,135.00) 505,965.0006/30/2037 475,000.00 58,425.00 (20,448.74) 512,976.2606/30/2038 475,000.00 29,212.50 (10,224.36) 493,988.14

Total $23,970,934.00 $13,680,584.42 (2,339,517.86) $35,312,000.56

Par Amounts Of Selected Issues TML 2008 -Electric............................................................................................................................................................................ 1,453,296.002009 Refunding Bonds -Electric......................................................................................................................................................... 10,070,000.002009B BAB Bonds -Electric............................................................................................................................................................... 5,000,000.00TML 2006 -Electric............................................................................................................................................................................ 2,457,638.00Elec - 2003 Refunding........................................................................................................................................................................ 4,990,000.00 TOTAL.............................................................................................................................................................................................. 23,970,934.00


42

$1,500,000

$2,000,000

$2,500,000

City of Oak Ridge, TennesseeTotal Combined Outstanding Electric System Debt Service

2009B BAB's

2009 Ref

TML 2008

TML 2006

2003 Ref

$0

$500,000

$1,000,000

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

43

10.0

15.0

20.0

25.0

40%

50%

60%

70%

80%

90%

100%



Electric System ‐ Fixed, Synthetic Fixed & Variable Rate Ratio (with Outstanding Bond Balance)

Variable

Fixed

Bonds Outstanding

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037

Variable 16% 17% 17% 17% 17% 17% 18% 18% 19% 19% 20% 21% 19% 15% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Fixed 84% 83% 83% 83% 83% 83% 82% 82% 81% 81% 80% 79% 81% 85% 94% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Bonds Outstanding 22.8 21.7 20.4 19.4 18.2 17.0 15.8 14.6 13.3 11.9 10.5 9.1 7.5 5.9 5.3 5.0 4.6 4.1 3.7 3.2 2.8 2.3 1.9 1.4 1.0 0.5

0.0

5.0

0%

10%

20%

30%

ions)

44

Documents

Summary of Outstanding Debt - Oak Ridge, Tennessee€¦ · Summary of Outstanding Debt ... or letter of credit for the bonds will terminate or expire prior to the maturity of the