WS - C - Tiffin Capital Planning - General Obligation Debt Book 2024

Page 3 Debt Capacity Analysis Outstanding Debt Issues Subject to Debt Limit Projected Debt Total Debt Available Percent Debt Fiscal Actual Legal GO GO AA GO GO GO AA GO GO 7 TIF Agree. Proj 1 Proj 2 Proj 3 Proj 4 Against Legal Legal is of Legal Year Valuation Debt Limit 2017A 2018A 2019A 2020A 2021A 2022A 2024A Combined 2025A 2026A 2028A Debt Limit Capacity Debt Limit FY 2025 801,201,582 40,060,079 3,355,000 80,000 2,980,000 5,490,000 385,300 2,420,000 3,565,000 350,000 18,625,300 21,434,779 46.49% FY 2026 865,297,709 43,264,885 3,025,000 83,200 2,580,000 4,720,000 393,200 2,245,000 3,395,000 400,000 5,500,000 - - 22,341,400 20,923,485 51.64% FY 2027 934,521,525 46,726,076 2,685,000 81,200 2,175,000 3,930,000 390,800 2,050,000 2,980,000 554,584 5,500,000 10,000,000 - 30,346,584 16,379,492 64.95% FY 2028 1,009,283,247 50,464,162 2,335,000 84,200 1,760,000 3,130,000 393,300 1,855,000 2,540,000 804,584 5,350,000 10,000,000 - 28,252,084 22,212,078 55.98% FY 2029 1,090,025,907 54,501,295 1,975,000 82,000 1,335,000 2,670,000 - 1,655,000 2,080,000 1,054,584 5,050,000 10,000,000 - 25,901,584 28,599,711 47.52% FY 2030 1,177,227,980 58,861,399 1,605,000 79,800 900,000 2,195,000 - 1,445,000 1,595,000 1,548,328 4,735,000 10,000,000 8,500,000 - 32,603,128 26,258,271 55.39% FY 2031 1,271,406,218 63,570,311 1,220,000 82,600 455,000 1,715,000 - 1,265,000 1,090,000 2,000,000 4,400,000 9,770,000 8,450,000 - 30,447,600 33,122,711 47.90% FY 2032 1,373,118,715 68,655,936 825,000 80,200 - 1,265,000 - 1,080,000 560,000 2,000,000 4,050,000 9,415,000 8,325,000 - 27,600,200 41,055,736 40.20% FY 2033 1,482,968,213 74,148,411 420,000 82,800 - 810,000 - 890,000 - 2,000,000 3,680,000 9,040,000 7,855,000 - 24,777,800 49,370,611 33.42% FY 2034 1,601,605,670 80,080,283 - 80,200 - 550,000 - 690,000 - 2,000,000 3,295,000 8,520,000 7,365,000 - 22,500,200 57,580,083 28.10% FY 2035 1,729,734,123 86,486,706 - 82,600 - 280,000 - 490,000 - - 2,890,000 7,975,000 6,850,000 - 18,567,600 67,919,106 21.47% FY 2036 1,868,112,853 93,405,643 - 84,800 - - - 375,000 - - 2,465,000 7,405,000 6,310,000 - 16,639,800 76,765,843 17.81% FY 2037 2,017,561,881 100,878,094 - 81,800 - - - 255,000 - - 2,020,000 6,805,000 5,740,000 - 14,901,800 85,976,294 14.77% FY 2038 2,178,966,832 108,948,342 - 83,800 - - - 130,000 - - 1,550,000 6,180,000 5,145,000 - 13,088,800 95,859,542 12.01% FY 2039 2,353,284,178 117,664,209 - - - - - - - - 1,060,000 5,525,000 4,520,000 - 11,105,000 106,559,209 9.44% FY 2040 2,541,546,913 127,077,346 - - - - - - - - 545,000 4,835,000 3,865,000 - 9,245,000 117,832,346 7.28% FY 2041 2,744,870,666 137,243,533 - - - - - - - - - 4,105,000 3,165,000 - 7,270,000 129,973,533 5.30% FY 2042 2,964,460,319 148,223,016 - - - - - - - - - 3,340,000 2,430,000 - 5,770,000 142,453,016 3.89% FY 2043 3,201,617,144 160,080,857 - - - - - - - - - 2,565,000 1,660,000 - 4,225,000 155,855,857 2.64% FY 2044 3,457,746,516 172,887,326 - - - - - - - - - 1,750,000 850,000 - 2,600,000 170,287,326 1.50% FY 2045 3,734,366,237 186,718,312 - - - - - - - - - 895,000 - 895,000 185,823,312 0.48% Original Issue Par Amount 5,140,000 1,100,000 4,500,000 7,670,000 2,510,000 2,740,000 3,565,000 12,712,080 5,500,000 10,000,000 8,500,000 Assumed Valuation Growth 8.00% *TIF AGREEMENTS ARE ESTIMATED Debt Limit (as % of 100% valuation) 5.00% Prepared by Northland Securities, Inc. 10/11/2024