Township Council Meeting — Packet

Aggregate Debt & Capital Projections PROJECTED AGGREGATE DEBT SERVICE & CAPITAL INCLUDES EXISTING BONDS, LOANS & NOTES AND $5.5M ANNUAL CAPITAL PROGRAM FY Ending 12/31 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 Total: Existing Debt Service 13,450,810 8,169,835 7,736,739 7,668,173 5,457,648 5,413,373 4,605,778 4,569,078 3,906,417 3,896,292 3,803,254 3,738,032 2,879,335 310,520 315,020 319,270 318,273 321,775 324,763 327,475 324,981 326,925 328,225 334,150 334,700 334,950 $79,515,791 New Bonds, Notes & Deferred Charges Total Debt Principal Interest Service 3,517,226 3,589,000 3,455,500 2,960,000 3,060,000 3,718,000 3,939,000 4,159,000 4,370,000 4,583,000 4,781,000 5,450,000 5,230,000 5,335,000 5,455,000 5,585,000 5,720,000 5,855,000 5,905,000 5,955,000 6,005,000 6,060,000 6,120,000 1,180,000 1,245,000 1,300,000 1,300,000 2,018,554 2,649,660 3,122,973 3,694,200 3,698,125 3,703,563 3,678,168 3,648,515 3,585,105 3,469,080 3,332,583 3,176,313 3,109,125 2,869,913 2,627,550 2,381,338 2,130,850 1,875,875 1,616,350 1,354,075 1,089,050 821,275 550,475 276,375 211,475 143,000 71,500 5,535,780 6,238,660 6,578,473 6,654,200 6,758,125 7,421,563 7,617,168 7,807,515 7,955,105 8,052,080 8,113,583 8,626,313 8,339,125 8,204,913 8,082,550 7,966,338 7,850,850 7,730,875 7,521,350 7,309,075 7,094,050 6,881,275 6,670,475 1,456,375 1,456,475 1,443,000 1,371,500 Aggregate Debt Service 13,450,810 13,705,615 13,975,399 14,246,646 12,111,848 12,171,498 12,027,341 12,186,246 11,713,932 11,851,397 11,855,334 11,851,614 11,505,648 8,649,645 8,519,933 8,401,820 8,284,610 8,172,625 8,055,638 7,848,825 7,634,056 7,420,975 7,209,500 7,004,625 1,791,075 1,791,425 1,443,000 1,371,500 $115,831,726 $60,905,062 $176,736,788 $256,252,579 Max Annual Debt Service: Avg Annual Debt

625 8,055,638 7,848,825 7,634,056 7,420,975 7,209,500 7,004,625 1,791,075 1,791,425 1,443,000 1,371,500 $115,831,726 $60,905,062 $176,736,788 $256,252,579 Max Annual Debt Service: Avg Annual Debt Service: Outstanding Principal Amount 139,022,466 149,540,083 145,300,174 123,910,799 119,815,525 115,339,251 110,460,977 105,160,702 99,436,351 93,261,000 86,598,000 79,437,000 71,760,000 66,315,000 60,755,000 55,065,000 49,240,000 43,270,000 37,155,000 30,980,000 24,750,000 18,460,000 12,105,000 5,675,000 4,175,000 2,600,000 1,300,000 Annual Pay-Go Capital 2,375,000 2,550,000 2,950,000 3,050,000 3,775,000 3,900,000 4,150,000 4,400,000 5,000,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000 $114,650,000 Pay-go Capital + Annual Debt Percentage Service Increase 13,450,810 13,705,615 1.9% 13,975,399 2.0% 14,246,646 1.9% 14,486,848 1.7% 14,721,498 1.6% 14,977,341 1.7% 15,236,246 1.7% 15,488,932 1.7% 15,751,397 1.7% 16,005,334 1.6% 16,251,614 1.5% 16,505,648 1.6% 14,149,645 -14.3% 14,019,933 -0.9% 13,901,820 -0.8% 13,784,610 -0.8% 13,672,625 -0.8% 13,555,638 -0.9% 13,348,825 -1.5% 13,134,056 -1.6% 12,920,975 -1.6% 12,709,500 -1.6% 12,504,625 -1.6% 7,291,075 -41.7% 7,291,425 0.0% 6,943,000 -4.8% 6,871,500 -1.0% $370,902,579 $14,246,646 $8,992,658 (1) Includes all Current Fund debt including: general improvement bonds, NJIB loans, debt service on BANs for 2025 and deferred charges (SENs) for 2025. Excludes special assessment bonds debt service. (2) Rates assumed to increase 0.25% for bonds and notes each year. Includes voluntary principal pay downs on notes that are subject to change. (3) Annual pay-go capital funded as a combination of debt and cash as described herein. 11