2013A Numbers Final
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Table of Contents
Report
Sources & Uses1
Debt Service Schedule2
Pricing Summary3
Proof Of True Interest Cost To The Dated Date4
Detail Costs Of Issuance5
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Sources & Uses
Dated 02/15/2013 | Delivered 02/26/2013
Sources Of Funds
Par Amount of Bonds$1,360,000.00
Reoffering Premium9,380.35
Accrued Interest from 02/15/2013 to 02/26/2013997.26
Total Sources $1,370,377.61
Uses Of Funds
Total Underwriter's Discount (0.690%)9,380.35
Costs of Issuance25,348.75
Deposit to Debt Service Fund997.26
Deposit to Project Construction Fund1,334,651.25
Total Uses $1,370,377.61
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance Page 1
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Debt Service Schedule
DatePrincipalCouponInterestTotal P+IFiscal Total
02/26/2013-----
04/01/2014--36,807.8536,807.85-
10/01/201445,000.000.600%16,318.7561,318.7598,126.60
04/01/2015--16,183.7516,183.75-
10/01/201575,000.000.600%16,183.7591,183.75107,367.50
04/01/2016--15,958.7515,958.75-
10/01/201680,000.001.100%15,958.7595,958.75111,917.50
04/01/2017--15,518.7515,518.75-
10/01/201780,000.001.100%15,518.7595,518.75111,037.50
04/01/2018--15,078.7515,078.75-
10/01/201885,000.001.650%15,078.75100,078.75115,157.50
04/01/2019--14,377.5014,377.50-
10/01/201990,000.001.650%14,377.50104,377.50118,755.00
04/01/2020--13,635.0013,635.00-
10/01/202090,000.002.200%13,635.00103,635.00117,270.00
04/01/2021--12,645.0012,645.00-
10/01/202190,000.002.200%12,645.00102,645.00115,290.00
04/01/2022--11,655.0011,655.00-
10/01/202295,000.002.600%11,655.00106,655.00118,310.00
04/01/2023--10,420.0010,420.00-
10/01/202395,000.002.600%10,420.00105,420.00115,840.00
04/01/2024--9,185.009,185.00-
10/01/2024100,000.003.200%9,185.00109,185.00118,370.00
04/01/2025--7,585.007,585.00-
10/01/2025105,000.003.400%7,585.00112,585.00120,170.00
04/01/2026--5,800.005,800.00-
10/01/2026105,000.003.650%5,800.00110,800.00116,600.00
04/01/2027--3,883.753,883.75-
10/01/2027110,000.003.350%3,883.75113,883.75117,767.50
04/01/2028--2,041.252,041.25-
10/01/2028115,000.003.550%2,041.25117,041.25119,082.50
Total$1,360,000.00-$361,061.60$1,721,061.60-
Yield Statistics
Accrued Interest from 02/15/2013 to 02/26/2013997.26
Bond Year Dollars$12,718.78
Average Life9.352 Years
Average Coupon2.8388074%
Net Interest Cost (NIC)2.8388074%
True Interest Cost (TIC)2.7979679%
Bond Yield for Arbitrage Purposes2.6645412%
All Inclusive Cost (AIC)3.0330293%
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance Page 2
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Pricing Summary
MaturityType of BondCouponYield
Maturity
ValuePriceDollar Price
10/01/2015Term 1 Coupon0.600%0.600%120,000.00100.000% 120,000.00
10/01/2017Term 2 Coupon1.100%1.100%160,000.00100.000% 160,000.00
10/01/2019Term 3 Coupon1.650%1.650%175,000.00100.000% 175,000.00
10/01/2021Term 4 Coupon2.200%2.200%180,000.00100.000% 180,000.00
10/01/2023Term 5 Coupon2.600%2.600%190,000.00100.000% 190,000.00
10/01/2024Serial Coupon3.200%2.800%100,000.00103.344%c103,344.00
10/01/2025Serial Coupon3.400%3.000%105,000.00103.312%c108,477.60
10/01/2026Serial Coupon3.650%3.200%105,000.00103.691%c108,875.55
10/01/2027Serial Coupon3.350%3.400%110,000.0099.426% 109,368.60
10/01/2028Serial Coupon3.550%3.600%115,000.0099.404% 114,314.60
Total---$1,360,000.00--$1,369,380.35
Bid Information
Par Amount of Bonds$1,360,000.00
Reoffering Premium or (Discount)9,380.35
Gross Production $1,369,380.35
Total Underwriter's Discount (0.690%)$(9,380.35)
Bid (100.000%)1,360,000.00
Accrued Interest from 02/15/2013 to 02/26/2013997.26
Total Purchase Price $1,360,997.26
Bond Year Dollars$12,718.78
Average Life9.352 Years
Average Coupon2.8388074%
Net Interest Cost (NIC)2.8388074%
True Interest Cost (TIC)2.7979679%
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance Page 3
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Proof Of True Interest Cost To The Dated Date @ 2.7979679%
DateCashflowPV FactorPresent Value
Cumulative
PV
02/15/2013-1.0000000x--
04/01/201436,807.850.9691497x35,672.3235,672.32
10/01/201461,318.750.9557785x58,607.1494,279.46
04/01/201516,183.750.9425918x15,254.67109,534.13
10/01/201591,183.750.9295870x84,763.23194,297.37
04/01/201615,958.750.9167617x14,630.37208,927.74
10/01/201695,958.750.9041133x86,757.58295,685.32
04/01/201715,518.750.8916394x13,837.13309,522.45
10/01/201795,518.750.8793376x83,993.23393,515.68
04/01/201815,078.750.8672055x13,076.38406,592.05
10/01/2018100,078.750.8552409x85,591.44492,183.49
04/01/201914,377.500.8434413x12,126.58504,310.07
10/01/2019104,377.500.8318044x86,821.67591,131.73
04/01/202013,635.000.8203282x11,185.17602,316.91
10/01/2020103,635.000.8090103x83,841.78686,158.69
04/01/202112,645.000.7978485x10,088.79696,247.48
10/01/2021102,645.000.7868407x80,765.27777,012.75
04/01/202211,655.000.7759848x9,044.10786,056.85
10/01/2022106,655.000.7652787x81,620.80867,677.65
04/01/202310,420.000.7547203x7,864.19875,541.83
10/01/2023105,420.000.7443075x78,464.90954,006.73
04/01/20249,185.000.7340384x6,742.14960,748.88
10/01/2024109,185.000.7239110x79,040.231,039,789.10
04/01/20257,585.000.7139234x5,415.111,045,204.21
10/01/2025112,585.000.7040735x79,268.121,124,472.33
04/01/20265,800.000.6943595x4,027.291,128,499.61
10/01/2026110,800.000.6847796x75,873.581,204,373.19
04/01/20273,883.750.6753318x2,622.821,206,996.01
10/01/2027113,883.750.6660144x75,848.211,282,844.22
04/01/20282,041.250.6568255x1,340.741,284,184.97
10/01/2028117,041.250.6477634x75,815.031,360,000.00
Total$1,721,061.60-$1,360,000.00-
Derivation Of Target Amount
Par Amount of Bonds$1,360,000.00
Reoffering Premium or (Discount)9,380.35
Total Underwriter's Discount (0.690%)$(9,380.35)
Total Purchase Price $1,360,000.00
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance Page 4
City of Salina, Kansas
Taxable General Obligation Internal Improvement Bonds
Series 2013-A | (Final)
Detail Costs Of Issuance
Dated 02/15/2013 | Delivered 02/26/2013
COSTS OF ISSUANCE DETAIL
Financial Advisor$5,900.00
Bond Counsel$5,700.00
Kansas Attorney General Review$250.00
State Treasurer$2,030.00
Rating Agency Fee$9,500.00
POS/Official Statement$950.00
CUSIP Numbers$500.00
Publication of Notice of Sale$500.00
Miscellaneous$18.75
TOTAL $25,348.75
2013-A (Final) | SINGLE PURPOSE | 2/12/2013 | 3:30 PM
George K. Baum & Company
Kansas Public Finance Page 5