city of schertz, texaslaserfiche.schertzweb.com/weblink/1/edoc/424770/debt... · aug 1, 2019 2:54...

$: City of Schertz, Texaslaserfiche.schertzweb.com/Weblink/1/edoc/424770/Debt... · Aug 1, 2019 2:54 pm Prepared by ATF (y:\dbc\Schertz:AGG) Page 2 BOND DEBT SERVICE City of Schertz,$
City of Schertz, Texas

Debt Model

For Fiscal Year Ending September 30, 2020

Updated: August 1, 2019

Presented by:

SAMCO Capital Markets, Inc.

Mark McLiney

Andrew Friedman

(210) 832‐9760

Debt Model

Fiscal Year GO's GO's GO Ref. GO Bonds GO Ref Tax Notes Tax Notes GO Ref GO's CO's CO's CO's GO Bonds GO Ref CO's GO and Ref CO's Total

Ending 9/30 S‐2007 S‐2011 S‐2011‐A S‐2012 S‐2014 S‐2015 S‐2015A S‐2015 S‐2016 S‐2016A S‐2016B S‐2017 S‐2017 S‐2018 S‐2018 S‐2018 S‐2019 Debt Service

2020 426,823$ 568,888$ 538,551$ 504,170$ 383,775$ 36,313$ 157,007$ 741,188$ 375,406$ 235,569$ 103,863$ 538,875$ 264,650$ 670,346$ 407,263$ 807,444$ 380,275$ 7,140,403$

2021 423,799 566,938 537,367 503,370 380,775 40,700 154,697 737,400 376,206 238,169 102,063 531,800 264,925 668,368 410,888 729,694 377,700 7,044,857

2022 425,267 567,350 708,911 503,676 1,018,025 ‐ 157,387 37,050 376,606 235,469 100,263 534,425 265,050 671,125 408,888 366,819 379,900 6,756,210

2023 426,123 566,263 698,242 505,126 1,020,150 ‐ ‐ 37,050 376,606 237,469 103,388 418,400 265,025 668,617 411,263 377,069 381,800 6,492,590

2024 426,370 566,713 667,689 500,920 1,019,525 ‐ ‐ 37,050 376,206 97,319 101,438 418,800 264,850 670,844 408,013 410,694 375,675 6,342,104

2025 426,005 568,606 ‐ 500,645 1,021,000 ‐ ‐ 37,050 375,406 100,144 104,413 271,150 264,525 672,753 409,138 383,569 372,875 5,507,278

2026 425,031 569,469 ‐ 504,435 1,021,425 ‐ ‐ 37,050 374,206 97,894 102,313 270,525 264,050 669,397 297,388 386,444 375,975 5,395,600

2027 423,445 569,263 ‐ 502,250 1,018,575 ‐ ‐ 37,050 375,556 100,969 104,950 269,750 263,425 665,829 297,888 383,694 197,175 5,209,818

2028 ‐ 567,950 ‐ 504,275 1,022,175 ‐ ‐ 37,050 374,606 99,369 102,325 268,825 262,650 666,996 297,888 675,794 196,675 5,076,577

2029 ‐ 565,494 ‐ 500,925 1,014,375 ‐ ‐ 37,050 373,366 97,719 104,613 267,750 266,650 ‐ 297,388 579,494 197,063 4,301,884

2030 ‐ 566,738 ‐ 502,200 1,022,588 ‐ ‐ 37,050 371,638 100,913 101,813 271,450 265,425 ‐ 297,513 579,294 193,075 4,309,694

2031 ‐ 566,250 ‐ 502,785 ‐ ‐ ‐ 1,158,525 374,350 98,947 103,925 269,925 264,050 ‐ 299,488 580,634 193,650 4,412,529

2032 ‐ 569,125 ‐ 502,673 ‐ ‐ ‐ ‐ 376,425 101,869 100,844 268,250 267,450 ‐ 297,363 583,256 194,075 3,261,329 2033 ‐ 565,875 ‐ ‐ ‐ ‐ ‐ ‐ 372,275 99,675 102,563 271,350 265,625 ‐ 299,856 579,619 194,350 2,751,188 2034 ‐ 566,500 ‐ ‐ ‐ ‐ ‐ ‐ 372,075 97,200 104,094 268,925 263,356 ‐ 296,806 ‐ 194,475 2,163,431 2035 ‐ 565,875 ‐ ‐ ‐ ‐ ‐ ‐ 376,500 99,425 100,531 270,963 265,556 ‐ 298,356 ‐ 194,450 2,171,656

2036 ‐ 568,875 ‐ ‐ ‐ ‐ ‐ ‐ 375,550 101,500 101,875 267,756 262,513 ‐ 299,409 ‐ 194,275 2,171,753

2037 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 269,306 264,225 ‐ 299,959 ‐ 193,950 1,027,441

2038 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 295,075 ‐ 193,475 488,550

2039 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 192,850 192,850

Total 3,402,863$ 9,646,169$ 3,150,759$ 6,537,450$ 9,942,388$ 77,013$ 469,091$ 2,970,563$ 6,372,984$ 2,239,616$ 1,745,269$ 5,948,225$ 4,764,000$ 6,024,275$ 6,329,825$ 7,423,516$ 5,173,738$ 82,217,741$

Fiscal Year GO Ref. CO's GO Ref. Tax Notes CO's GO and Ref. CO's Total Fiscal Year Tax Notes

Ending 9/30 S‐2011 S‐2013 S‐2013 S‐2015 S‐2018 S‐2018 S‐2019 Debt Service Ending 9/30 S‐2015

2020 248,663$ 507,813$ 219,283$ 25,963$ 399,550$ 463,625$ 235,725$ 2,100,621$ 2020 124,200$

2021 247,200 506,525 224,252 30,525 400,050 461,500 236,900 2,106,952 2021 122,100

2022 ‐ 237,975 224,028 ‐ 400,050 463,500 233,000 1,558,553 Total 246,300$

2023 ‐ 238,250 218,739 ‐ 399,550 464,500 234,025 1,555,064

2024 ‐ 237,963 223,321 ‐ 398,550 464,500 233,500 1,557,833

2025 ‐ 237,100 217,774 ‐ 397,050 468,375 232,100 1,552,399 Fiscal Year Tax Notes2026 ‐ 236,063 ‐ ‐ 399,925 461,250 236,100 1,333,338 Ending 9/30 S‐2015

2027 ‐ 239,300 ‐ ‐ 397,175 ‐ 234,800 871,275 2020 167,888

2028 ‐ 236,800 ‐ ‐ 398,800 ‐ 233,300 868,900 2021 ‐

2029 ‐ 239,000 ‐ ‐ 399,675 ‐ 232,875 871,550 Total 167,888$

2030 ‐ 235,900 ‐ ‐ 396,425 ‐ 233,125 865,450

2031 ‐ 237,500 ‐ ‐ 395,775 ‐ 232,800 866,075

2032 ‐ 238,700 ‐ ‐ 396,325 ‐ 232,325 867,350

2033 ‐ 234,600 ‐ ‐ 396,369 ‐ 236,625 867,594

2034 ‐ ‐ ‐ ‐ 395,688 ‐ 235,700 631,388

2035 ‐ ‐ ‐ ‐ 399,394 ‐ 234,625 634,019

2036 ‐ ‐ ‐ ‐ 397,466 ‐ 233,400 630,866

2037 ‐ ‐ ‐ ‐ 394,978 ‐ 236,950 631,928

2038 ‐ ‐ ‐ ‐ 396,825 ‐ 235,275 632,100

2039 ‐ ‐ ‐ ‐ ‐ ‐ 233,450 233,450

Total 495,863$ 3,863,488$ 1,327,395$ 56,488$ 7,559,619$ 3,247,250$ 4,686,600$ 21,236,701$

Drainage Fund

EMS Fund

Utility System Supported Debt Obligations

Debt Model

City of Schertz, Texas

Fiscal Year Ending September 30, 2020

General Fund Debt Obligations

Fiscal Year Rev Bonds Ref Bonds Rev & Ref Bonds Rev Bonds BP Loan Ref Bonds Total Schertz Debt Fiscal Year Rev Bonds

Ending 9/30 S‐2001 S‐2014 S‐2015 S‐2016 S‐2016 S‐2018 Debt Service Payment Ending 9/30 S‐2012

2020 520,000$ 664,450$ 2,444,175$ 2,231,531$ 828,137$ 1,325,175$ 8,013,468$ 4,006,734$ 2020 1,510,188$

2021 520,000 662,575 2,426,850 2,230,867 828,137 1,323,800 7,992,229 3,996,115 2021 1,512,788

2022 520,000 665,175 2,434,650 2,229,242 828,137 1,326,825 8,004,029 4,002,015 2022 1,509,288

2023 520,000 665,650 2,435,950 2,226,390 828,137 1,328,600 8,004,727 4,002,364 2023 1,509,688

2024 520,000 663,950 2,436,250 2,227,166 828,137 1,323,475 7,998,978 3,999,489 2024 1,508,888

2025 520,000 666,463 2,435,125 2,226,361 828,137 1,326,850 8,002,935 4,001,468 2025 1,510,963

2026 520,000 ‐ 3,226,375 2,224,201 828,137 1,323,600 8,122,313 4,061,156 2026 1,511,138

2027 520,000 ‐ 3,214,125 2,225,659 828,137 1,323,725 8,111,646 4,055,823 2027 1,510,022

2028 520,000 ‐ 3,222,250 2,219,166 828,137 1,326,975 8,116,528 4,058,264 2028 1,510,284

2029 520,000 ‐ 3,220,250 2,220,811 828,137 1,328,225 8,117,423 4,058,711 2029 1,512,206

2030 520,000 ‐ 3,213,250 2,217,486 828,137 1,327,475 8,106,348 4,053,174 2030 1,512,859

2031 2,268,330 ‐ 1,475,500 2,216,266 828,137 1,324,200 8,112,433 4,056,216 2031 1,512,244

2032 2,272,390 ‐ 1,478,750 2,217,804 828,137 1,323,700 8,120,781 4,060,390 2032 1,510,359

2033 2,271,250 ‐ 1,480,500 2,217,790 828,137 1,321,800 8,119,477 4,059,739 2033 1,510,100

2034 2,269,780 ‐ 1,483,800 2,216,040 828,137 1,323,400 8,121,157 4,060,579 2034 1,511,200

2035 2,272,590 ‐ 1,479,000 2,216,437 1,128,137 1,323,400 8,419,564 4,209,782 2035 1,510,500

2036 ‐ ‐ 3,737,200 2,216,117 1,518,567 1,326,700 8,798,584 4,399,292 2036 1,508,000

2037 ‐ ‐ 3,741,300 2,219,127 1,920,887 1,328,200 9,209,514 4,604,757 2037 1,508,600

2038 ‐ ‐ 3,750,200 2,217,979 1,921,962 1,323,000 9,213,141 4,606,571 2038 1,512,100

2039 ‐ ‐ 3,743,900 2,220,580 1,921,653 1,326,000 9,212,133 4,606,067 2039 1,508,500

2040 ‐ ‐ 3,742,400 2,221,791 1,924,960 1,327,000 9,216,151 4,608,076 2040 1,512,700

2041 ‐ ‐ 3,740,400 2,221,612 1,921,710 1,326,000 9,209,722 4,604,861 2041 1,509,600

2042 ‐ ‐ 425,300 2,225,043 1,927,076 ‐ 4,577,419 2,288,710 2042 ‐

2043 ‐ ‐ 424,600 2,220,642 1,925,084 ‐ 4,570,326 2,285,163 2043 ‐

2044 ‐ ‐ 423,300 2,219,531 1,921,152 ‐ 4,563,983 2,281,991 2044 ‐

2045 ‐ ‐ ‐ 2,216,553 1,915,280 ‐ 4,131,833 2,065,917 2045 ‐

2046 ‐ ‐ ‐ 2,211,710 1,912,468 ‐ 4,124,178 2,062,089 2046 ‐

2047 ‐ ‐ ‐ ‐ 1,912,522 ‐ 1,912,522 956,261 2047 ‐

2048 ‐ ‐ ‐ ‐ 1,910,063 ‐ 1,910,063 955,032 2048 ‐

2049 ‐ ‐ ‐ ‐ 1,905,635 ‐ 1,905,635 952,818 2049 ‐

2050 ‐ ‐ ‐ ‐ 1,904,238 ‐ 1,904,238 952,119 2050 ‐

2051 ‐ ‐ ‐ ‐ 1,900,693 ‐ 1,900,693 950,347 2051 ‐

Total 17,074,340$ 3,988,263$ 61,835,400$ 59,973,898$ 43,814,142$ 29,158,125$ 215,844,167$ 107,922,084$ Total 33,232,213$

The Schertz/Seguin Local Government Corporation SSLGC‐SAWS PROJECT

Fiscal Year Contract Rev Bonds Contract Rev BondsEnding 9/30 S‐2014 S‐2018 Total

2019 412,250$ 165,125$ 577,375$ 2020 414,150 302,850 717,000 2021 410,950 303,100 714,050 2022 412,750 303,100 715,850 2023 412,800 302,850 715,650 2024 412,700 302,350 715,050 2025 412,450 301,600 714,050 2026 410,250 300,600 710,850 2027 412,850 304,350 717,200 2028 410,050 302,600 712,650 2029 412,050 300,600 712,650 2030 413,650 303,350 717,000 2031 409,850 300,600 710,450 2032 410,850 302,600 713,450 2033 411,450 304,100 715,550 2034 411,650 300,100 711,750 2035 411,450 300,850 712,300 2036 413,200 301,100 714,300 2037 414,200 300,850 715,050 2038 409,450 305,100 714,550 2039 409,200 303,600 712,800 2040 413,200 304,000 717,200 2041 409,600 304,000 713,600 2042 410,600 303,600 714,200 2043 411,000 302,800 713,800 2044 410,800 301,600 712,400

Total 10,703,400$ 7,727,375$ 18,430,775$

Cibolo Creek Municipal Authority ‐ Southern Wastewater Treatment Plant

Debt Service Schedules

Aug 1, 2019 2:54 pm Prepared by ATF (y:\dbc\Schertz:AGG) Page 1

BOND DEBT SERVICE

City of Schertz, Texas$6,000,000 General Obligation Bonds, Series 2007

Callable at Par plus Prepayment Penalty

Dated Date 09/27/2007Delivery Date 09/27/2007

Period AnnualEnding Principal Coupon Interest Debt Service Debt Service

02/01/2020 315,000 4.070% 59,116.75 374,116.7508/01/2020 52,706.50 52,706.5009/30/2020 426,823.2502/01/2021 325,000 4.070% 52,706.50 377,706.5008/01/2021 46,092.75 46,092.7509/30/2021 423,799.2502/01/2022 340,000 4.070% 46,092.75 386,092.7508/01/2022 39,173.75 39,173.7509/30/2022 425,266.5002/01/2023 355,000 4.070% 39,173.75 394,173.7508/01/2023 31,949.50 31,949.5009/30/2023 426,123.2502/01/2024 370,000 4.070% 31,949.50 401,949.5008/01/2024 24,420.00 24,420.0009/30/2024 426,369.5002/01/2025 385,000 4.070% 24,420.00 409,420.0008/01/2025 16,585.25 16,585.2509/30/2025 426,005.2502/01/2026 400,000 4.070% 16,585.25 416,585.2508/01/2026 8,445.25 8,445.2509/30/2026 425,030.5002/01/2027 415,000 4.070% 8,445.25 423,445.2509/30/2027 423,445.25

2,905,000 497,862.75 3,402,862.75 3,402,862.75


BOND DEBT SERVICE


Callable 2/1/2021 at Par



02/01/2020 260,000 4.000% 157,043.75 417,043.7508/01/2020 151,843.75 151,843.7509/30/2020 568,887.5002/01/2021 270,000 5.000% 151,843.75 421,843.7508/01/2021 145,093.75 145,093.7509/30/2021 566,937.5002/01/2022 285,000 5.500% 145,093.75 430,093.7508/01/2022 137,256.25 137,256.2509/30/2022 567,350.0002/01/2023 300,000 5.500% 137,256.25 437,256.2508/01/2023 129,006.25 129,006.2509/30/2023 566,262.5002/01/2024 315,000 4.000% 129,006.25 444,006.2508/01/2024 122,706.25 122,706.2509/30/2024 566,712.5002/01/2025 330,000 4.125% 122,706.25 452,706.2508/01/2025 115,900.00 115,900.0009/30/2025 568,606.2502/01/2026 345,000 4.250% 115,900.00 460,900.0008/01/2026 108,568.75 108,568.7509/30/2026 569,468.7502/01/2027 360,000 4.375% 108,568.75 468,568.7508/01/2027 100,693.75 100,693.7509/30/2027 569,262.5002/01/2028 375,000 4.500% 100,693.75 475,693.7508/01/2028 92,256.25 92,256.2509/30/2028 567,950.0002/01/2029 390,000 4.625% 92,256.25 482,256.2508/01/2029 83,237.50 83,237.5009/30/2029 565,493.7502/01/2030 410,000 4.750% 83,237.50 493,237.5008/01/2030 73,500.00 73,500.0009/30/2030 566,737.5002/01/2031 430,000 5.000% 73,500.00 503,500.0008/01/2031 62,750.00 62,750.0009/30/2031 566,250.0002/01/2032 455,000 5.000% 62,750.00 517,750.0008/01/2032 51,375.00 51,375.0009/30/2032 569,125.0002/01/2033 475,000 5.000% 51,375.00 526,375.0008/01/2033 39,500.00 39,500.0009/30/2033 565,875.0002/01/2034 500,000 5.000% 39,500.00 539,500.0008/01/2034 27,000.00 27,000.0009/30/2034 566,500.0002/01/2035 525,000 5.000% 27,000.00 552,000.00


BOND DEBT SERVICE




08/01/2035 13,875.00 13,875.0009/30/2035 565,875.0002/01/2036 555,000 5.000% 13,875.00 568,875.0009/30/2036 568,875.00

6,580,000 3,066,168.75 9,646,168.75 9,646,168.75


BOND DEBT SERVICE

City of Schertz, Texas$6,745,000 General Obligation Refunding Bonds, Series 2011A




02/01/2020 475,000 2.330% 34,542.25 509,542.2508/01/2020 29,008.50 29,008.5009/30/2020 538,550.7502/01/2021 485,000 2.330% 29,008.50 514,008.5008/01/2021 23,358.25 23,358.2509/30/2021 537,366.7502/01/2022 670,000 2.330% 23,358.25 693,358.2508/01/2022 15,552.75 15,552.7509/30/2022 708,911.0002/01/2023 675,000 2.330% 15,552.75 690,552.7508/01/2023 7,689.00 7,689.0009/30/2023 698,241.7502/01/2024 660,000 2.330% 7,689.00 667,689.0009/30/2024 667,689.00

2,965,000 185,759.25 3,150,759.25 3,150,759.25


BOND DEBT SERVICE

City of Schertz, Texas$2,675,000 General Obligation Refunding Bonds, Series 2011




03/01/2020 6,831.25 6,831.2509/01/2020 235,000 2.750% 6,831.25 241,831.2509/30/2020 248,662.5003/01/2021 3,600.00 3,600.0009/01/2021 240,000 3.000% 3,600.00 243,600.0009/30/2021 247,200.00

475,000 20,862.50 495,862.50 495,862.50


BOND DEBT SERVICE





02/01/2020 355,000 3.000% 77,247.50 432,247.5008/01/2020 71,922.50 71,922.5009/30/2020 504,170.0002/01/2021 365,000 3.000% 71,922.50 436,922.5008/01/2021 66,447.50 66,447.5009/30/2021 503,370.0002/01/2022 375,000 2.250% 66,447.50 441,447.5008/01/2022 62,228.75 62,228.7509/30/2022 503,676.2502/01/2023 385,000 2.250% 62,228.75 447,228.7508/01/2023 57,897.50 57,897.5009/30/2023 505,126.2502/01/2024 390,000 2.500% 57,897.50 447,897.5008/01/2024 53,022.50 53,022.5009/30/2024 500,920.0002/01/2025 400,000 2.700% 53,022.50 453,022.5008/01/2025 47,622.50 47,622.5009/30/2025 500,645.0002/01/2026 415,000 2.800% 47,622.50 462,622.5008/01/2026 41,812.50 41,812.5009/30/2026 504,435.0002/01/2027 425,000 3.000% 41,812.50 466,812.5008/01/2027 35,437.50 35,437.5009/30/2027 502,250.0002/01/2028 440,000 3.000% 35,437.50 475,437.5008/01/2028 28,837.50 28,837.5009/30/2028 504,275.0002/01/2029 450,000 3.000% 28,837.50 478,837.5008/01/2029 22,087.50 22,087.5009/30/2029 500,925.0002/01/2030 465,000 3.000% 22,087.50 487,087.5008/01/2030 15,112.50 15,112.5009/30/2030 502,200.0002/01/2031 480,000 3.100% 15,112.50 495,112.5008/01/2031 7,672.50 7,672.5009/30/2031 502,785.0002/01/2032 495,000 3.100% 7,672.50 502,672.5009/30/2032 502,672.50

5,440,000 1,097,450.00 6,537,450.00 6,537,450.00


BOND DEBT SERVICE

City of Schertz, Texas$4,965,000 Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2013




02/01/2020 405,000 2.500% 53,937.50 458,937.5008/01/2020 48,875.00 48,875.0009/30/2020 507,812.5002/01/2021 415,000 3.000% 48,875.00 463,875.0008/01/2021 42,650.00 42,650.0009/30/2021 506,525.0002/01/2022 155,000 3.000% 42,650.00 197,650.0008/01/2022 40,325.00 40,325.0009/30/2022 237,975.0002/01/2023 160,000 3.000% 40,325.00 200,325.0008/01/2023 37,925.00 37,925.0009/30/2023 238,250.0002/01/2024 165,000 3.500% 37,925.00 202,925.0008/01/2024 35,037.50 35,037.5009/30/2024 237,962.5002/01/2025 170,000 3.500% 35,037.50 205,037.5008/01/2025 32,062.50 32,062.5009/30/2025 237,100.0002/01/2026 175,000 3.500% 32,062.50 207,062.5008/01/2026 29,000.00 29,000.0009/30/2026 236,062.5002/01/2027 185,000 4.000% 29,000.00 214,000.0008/01/2027 25,300.00 25,300.0009/30/2027 239,300.0002/01/2028 190,000 4.000% 25,300.00 215,300.0008/01/2028 21,500.00 21,500.0009/30/2028 236,800.0002/01/2029 200,000 4.000% 21,500.00 221,500.0008/01/2029 17,500.00 17,500.0009/30/2029 239,000.0002/01/2030 205,000 4.000% 17,500.00 222,500.0008/01/2030 13,400.00 13,400.0009/30/2030 235,900.0002/01/2031 215,000 4.000% 13,400.00 228,400.0008/01/2031 9,100.00 9,100.0009/30/2031 237,500.0002/01/2032 225,000 4.000% 9,100.00 234,100.0008/01/2032 4,600.00 4,600.0009/30/2032 238,700.0002/01/2033 230,000 4.000% 4,600.00 234,600.0009/30/2033 234,600.00

3,095,000 768,487.50 3,863,487.50 3,863,487.50


DETAILED BOND DEBT SERVICE




General Obligation Portion (CIB1)

AnnualPeriod Debt DebtEnding Principal Coupon Interest Service Service

02/01/2020 260,000 2.500% 7,225 267,22508/01/2020 3,975 3,97509/30/2020 271,20002/01/2021 265,000 3.000% 3,975 268,97509/30/2021 268,975

525,000 15,175 540,175 540,175






Utility Fund Portion (CIB2)


02/01/2020 145,000 2.500% 46,712.50 191,712.5008/01/2020 44,900.00 44,900.0009/30/2020 236,612.5002/01/2021 150,000 3.000% 44,900.00 194,900.0008/01/2021 42,650.00 42,650.0009/30/2021 237,550.0002/01/2022 155,000 3.000% 42,650.00 197,650.0008/01/2022 40,325.00 40,325.0009/30/2022 237,975.0002/01/2023 160,000 3.000% 40,325.00 200,325.0008/01/2023 37,925.00 37,925.0009/30/2023 238,250.0002/01/2024 165,000 3.500% 37,925.00 202,925.0008/01/2024 35,037.50 35,037.5009/30/2024 237,962.5002/01/2025 170,000 3.500% 35,037.50 205,037.5008/01/2025 32,062.50 32,062.5009/30/2025 237,100.0002/01/2026 175,000 3.500% 32,062.50 207,062.5008/01/2026 29,000.00 29,000.0009/30/2026 236,062.5002/01/2027 185,000 4.000% 29,000.00 214,000.0008/01/2027 25,300.00 25,300.0009/30/2027 239,300.0002/01/2028 190,000 4.000% 25,300.00 215,300.0008/01/2028 21,500.00 21,500.0009/30/2028 236,800.0002/01/2029 200,000 4.000% 21,500.00 221,500.0008/01/2029 17,500.00 17,500.0009/30/2029 239,000.0002/01/2030 205,000 4.000% 17,500.00 222,500.0008/01/2030 13,400.00 13,400.0009/30/2030 235,900.0002/01/2031 215,000 4.000% 13,400.00 228,400.0008/01/2031 9,100.00 9,100.0009/30/2031 237,500.0002/01/2032 225,000 4.000% 9,100.00 234,100.0008/01/2032 4,600.00 4,600.0009/30/2032 238,700.0002/01/2033 230,000 4.000% 4,600.00 234,600.0009/30/2033 234,600.00

2,570,000 753,312.50 3,323,312.50 3,323,312.50


BOND DEBT SERVICE





02/01/2020 190,000 2.580% 15,867.00 205,867.0008/01/2020 13,416.00 13,416.0009/30/2020 219,283.0002/01/2021 200,000 2.580% 13,416.00 213,416.0008/01/2021 10,836.00 10,836.0009/30/2021 224,252.0002/01/2022 205,000 2.580% 10,836.00 215,836.0008/01/2022 8,191.50 8,191.5009/30/2022 224,027.5002/01/2023 205,000 2.580% 8,191.50 213,191.5008/01/2023 5,547.00 5,547.0009/30/2023 218,738.5002/01/2024 215,000 2.580% 5,547.00 220,547.0008/01/2024 2,773.50 2,773.5009/30/2024 223,320.5002/01/2025 215,000 2.580% 2,773.50 217,773.5009/30/2025 217,773.50

1,230,000 97,395.00 1,327,395.00 1,327,395.00


BOND DEBT SERVICE





02/01/2020 100,000 3.000% 142,637.50 242,637.5008/01/2020 141,137.50 141,137.5009/30/2020 383,775.0002/01/2021 100,000 3.000% 141,137.50 241,137.5008/01/2021 139,637.50 139,637.5009/30/2021 380,775.0002/01/2022 750,000 3.000% 139,637.50 889,637.5008/01/2022 128,387.50 128,387.5009/30/2022 1,018,025.0002/01/2023 775,000 3.000% 128,387.50 903,387.5008/01/2023 116,762.50 116,762.5009/30/2023 1,020,150.0002/01/2024 800,000 3.500% 116,762.50 916,762.5008/01/2024 102,762.50 102,762.5009/30/2024 1,019,525.0002/01/2025 830,000 3.500% 102,762.50 932,762.5008/01/2025 88,237.50 88,237.5009/30/2025 1,021,000.0002/01/2026 860,000 3.500% 88,237.50 948,237.5008/01/2026 73,187.50 73,187.5009/30/2026 1,021,425.0002/01/2027 890,000 4.000% 73,187.50 963,187.5008/01/2027 55,387.50 55,387.5009/30/2027 1,018,575.0002/01/2028 930,000 4.000% 55,387.50 985,387.5008/01/2028 36,787.50 36,787.5009/30/2028 1,022,175.0002/01/2029 960,000 4.000% 36,787.50 996,787.5008/01/2029 17,587.50 17,587.5009/30/2029 1,014,375.0002/01/2030 1,005,000 3.500% 17,587.50 1,022,587.5009/30/2030 1,022,587.50

8,000,000 1,942,387.50 9,942,387.50 9,942,387.50


BOND DEBT SERVICE

City of Schertz, Texas$2,125,000 Tax Notes, Series 2015

Non Callable



02/01/2020 4,681.25 4,681.2508/01/2020 345,000 1.750% 4,681.25 349,681.2509/30/2020 354,362.5002/01/2021 1,662.50 1,662.5008/01/2021 190,000 1.750% 1,662.50 191,662.5009/30/2021 193,325.00

535,000 12,687.50 547,687.50 547,687.50




Non Callable


EMS 6 Years (CIB1)


02/01/2020 1,443.75 1,443.7508/01/2020 165,000 1.750% 1,443.75 166,443.7509/30/2020 167,887.50

165,000 2,887.50 167,887.50 167,887.50




Non Callable


Drainage Equipment (CIB2)


02/01/2020 2,100 2,10008/01/2020 120,000 1.750% 2,100 122,10009/30/2020 124,20002/01/2021 1,050 1,05008/01/2021 120,000 1.750% 1,050 121,05009/30/2021 122,100

240,000 6,300 246,300 246,300




Non Callable


EMS 6 Years (CIB1)


02/01/2020 1,443.75 1,443.7508/01/2020 165,000 1.750% 1,443.75 166,443.7509/30/2020 167,887.50

165,000 2,887.50 167,887.50 167,887.50




Non Callable


Drainage Equipment (CIB2)


02/01/2020 2,100 2,10008/01/2020 120,000 1.750% 2,100 122,10009/30/2020 124,20002/01/2021 1,050 1,05008/01/2021 120,000 1.750% 1,050 121,05009/30/2021 122,100

240,000 6,300 246,300 246,300




Non Callable


Water Equipment (CIB3)


02/01/2020 481.25 481.2508/01/2020 25,000 1.750% 481.25 25,481.2509/30/2020 25,962.5002/01/2021 262.50 262.5008/01/2021 30,000 1.750% 262.50 30,262.5009/30/2021 30,525.00

55,000 1,487.50 56,487.50 56,487.50




Non Callable


General Fund Equipment (CIB4)


02/01/2020 656.25 656.2508/01/2020 35,000 1.750% 656.25 35,656.2509/30/2020 36,312.5002/01/2021 350.00 350.0008/01/2021 40,000 1.750% 350.00 40,350.0009/30/2021 40,700.00

75,000 2,012.50 77,012.50 77,012.50


BOND DEBT SERVICE

City of Schertz, Texas$1,020,000 Tax Notes, Series 2015A

Non Callable


AnnualPeriod DebtEnding Principal Coupon Interest Debt Service Service

02/01/2020 3,503.50 3,503.5008/01/2020 150,000 1.540% 3,503.50 153,503.5009/30/2020 157,00702/01/2021 2,348.50 2,348.5008/01/2021 150,000 1.540% 2,348.50 152,348.5009/30/2021 154,69702/01/2022 1,193.50 1,193.5008/01/2022 155,000 1.540% 1,193.50 156,193.5009/30/2022 157,387

455,000 14,091.00 469,091.00 469,091


BOND DEBT SERVICE





02/01/2020 675,000 2.500% 37,312.50 712,312.5008/01/2020 28,875.00 28,875.0009/30/2020 741,187.5002/01/2021 690,000 3.000% 28,875.00 718,875.0008/01/2021 18,525.00 18,525.0009/30/2021 737,400.0002/01/2022 18,525.00 18,525.0008/01/2022 18,525.00 18,525.0009/30/2022 37,050.0002/01/2023 18,525.00 18,525.0008/01/2023 18,525.00 18,525.0009/30/2023 37,050.0002/01/2024 18,525.00 18,525.0008/01/2024 18,525.00 18,525.0009/30/2024 37,050.0002/01/2025 18,525.00 18,525.0008/01/2025 18,525.00 18,525.0009/30/2025 37,050.0002/01/2026 18,525.00 18,525.0008/01/2026 18,525.00 18,525.0009/30/2026 37,050.0002/01/2027 18,525.00 18,525.0008/01/2027 18,525.00 18,525.0009/30/2027 37,050.0002/01/2028 18,525.00 18,525.0008/01/2028 18,525.00 18,525.0009/30/2028 37,050.0002/01/2029 18,525.00 18,525.0008/01/2029 18,525.00 18,525.0009/30/2029 37,050.0002/01/2030 18,525.00 18,525.0008/01/2030 18,525.00 18,525.0009/30/2030 37,050.0002/01/2031 1,140,000 3.250% 18,525.00 1,158,525.0009/30/2031 1,158,525.00

2,505,000 465,562.50 2,970,562.50 2,970,562.50


BOND DEBT SERVICE





02/01/2020 225,000 4.000% 77,453.13 302,453.1308/01/2020 72,953.13 72,953.1309/30/2020 375,406.2602/01/2021 235,000 4.000% 72,953.13 307,953.1308/01/2021 68,253.13 68,253.1309/30/2021 376,206.2602/01/2022 245,000 4.000% 68,253.13 313,253.1308/01/2022 63,353.13 63,353.1309/30/2022 376,606.2602/01/2023 255,000 4.000% 63,353.13 318,353.1308/01/2023 58,253.13 58,253.1309/30/2023 376,606.2602/01/2024 265,000 4.000% 58,253.13 323,253.1308/01/2024 52,953.13 52,953.1309/30/2024 376,206.2602/01/2025 275,000 4.000% 52,953.13 327,953.1308/01/2025 47,453.13 47,453.1309/30/2025 375,406.2602/01/2026 285,000 4.000% 47,453.13 332,453.1308/01/2026 41,753.13 41,753.1309/30/2026 374,206.2602/01/2027 295,000 2.000% 41,753.13 336,753.1308/01/2027 38,803.13 38,803.1309/30/2027 375,556.2602/01/2028 300,000 2.000% 38,803.13 338,803.1308/01/2028 35,803.13 35,803.1309/30/2028 374,606.2602/01/2029 305,000 2.125% 35,803.13 340,803.1308/01/2029 32,562.50 32,562.5009/30/2029 373,365.6302/01/2030 310,000 2.250% 32,562.50 342,562.5008/01/2030 29,075.00 29,075.0009/30/2030 371,637.5002/01/2031 320,000 2.375% 29,075.00 349,075.0008/01/2031 25,275.00 25,275.0009/30/2031 374,350.0002/01/2032 330,000 2.500% 25,275.00 355,275.0008/01/2032 21,150.00 21,150.0009/30/2032 376,425.0002/01/2033 335,000 3.000% 21,150.00 356,150.0008/01/2033 16,125.00 16,125.0009/30/2033 372,275.0002/01/2034 345,000 3.000% 16,125.00 361,125.0008/01/2034 10,950.00 10,950.0009/30/2034 372,075.0002/01/2035 360,000 3.000% 10,950.00 370,950.00


BOND DEBT SERVICE




08/01/2035 5,550.00 5,550.0009/30/2035 376,500.0002/01/2036 370,000 3.000% 5,550.00 375,550.0009/30/2036 375,550.00

5,055,000 1,317,984.47 6,372,984.47 6,372,984.47


BOND DEBT SERVICE

City of Schertz, Texas$2,375,000 Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2016A




02/01/2020 180,000 4.000% 29,584.38 209,584.3808/01/2020 25,984.38 25,984.3809/30/2020 235,568.7602/01/2021 190,000 4.000% 25,984.38 215,984.3808/01/2021 22,184.38 22,184.3809/30/2021 238,168.7602/01/2022 195,000 4.000% 22,184.38 217,184.3808/01/2022 18,284.38 18,284.3809/30/2022 235,468.7602/01/2023 205,000 4.000% 18,284.38 223,284.3808/01/2023 14,184.38 14,184.3809/30/2023 237,468.7602/01/2024 70,000 3.000% 14,184.38 84,184.3808/01/2024 13,134.38 13,134.3809/30/2024 97,318.7602/01/2025 75,000 3.000% 13,134.38 88,134.3808/01/2025 12,009.38 12,009.3809/30/2025 100,143.7602/01/2026 75,000 3.000% 12,009.38 87,009.3808/01/2026 10,884.38 10,884.3809/30/2026 97,893.7602/01/2027 80,000 2.000% 10,884.38 90,884.3808/01/2027 10,084.38 10,084.3809/30/2027 100,968.7602/01/2028 80,000 2.000% 10,084.38 90,084.3808/01/2028 9,284.38 9,284.3809/30/2028 99,368.7602/01/2029 80,000 2.125% 9,284.38 89,284.3808/01/2029 8,434.38 8,434.3809/30/2029 97,718.7602/01/2030 85,000 2.250% 8,434.38 93,434.3808/01/2030 7,478.13 7,478.1309/30/2030 100,912.5102/01/2031 85,000 2.375% 7,478.13 92,478.1308/01/2031 6,468.75 6,468.7509/30/2031 98,946.8802/01/2032 90,000 2.375% 6,468.75 96,468.7508/01/2032 5,400.00 5,400.0009/30/2032 101,868.7502/01/2033 90,000 2.500% 5,400.00 95,400.0008/01/2033 4,275.00 4,275.0009/30/2033 99,675.0002/01/2034 90,000 3.000% 4,275.00 94,275.0008/01/2034 2,925.00 2,925.0009/30/2034 97,200.0002/01/2035 95,000 3.000% 2,925.00 97,925.00


BOND DEBT SERVICE




08/01/2035 1,500.00 1,500.0009/30/2035 99,425.0002/01/2036 100,000 3.000% 1,500.00 101,500.0009/30/2036 101,500.00

1,865,000 374,615.74 2,239,615.74 2,239,615.74






Remodel Component (REMODEL)


02/01/2020 120,000 4.000% 10,200 130,20008/01/2020 7,800 7,80009/30/2020 138,00002/01/2021 125,000 4.000% 7,800 132,80008/01/2021 5,300 5,30009/30/2021 138,10002/01/2022 130,000 4.000% 5,300 135,30008/01/2022 2,700 2,70009/30/2022 138,00002/01/2023 135,000 4.000% 2,700 137,70009/30/2023 137,700

510,000 41,800 551,800 551,800






Road Work Component (ROAD)


02/01/2020 60,000 4.000% 19,384.38 79,384.3808/01/2020 18,184.38 18,184.3809/30/2020 97,568.7602/01/2021 65,000 4.000% 18,184.38 83,184.3808/01/2021 16,884.38 16,884.3809/30/2021 100,068.7602/01/2022 65,000 4.000% 16,884.38 81,884.3808/01/2022 15,584.38 15,584.3809/30/2022 97,468.7602/01/2023 70,000 4.000% 15,584.38 85,584.3808/01/2023 14,184.38 14,184.3809/30/2023 99,768.7602/01/2024 70,000 3.000% 14,184.38 84,184.3808/01/2024 13,134.38 13,134.3809/30/2024 97,318.7602/01/2025 75,000 3.000% 13,134.38 88,134.3808/01/2025 12,009.38 12,009.3809/30/2025 100,143.7602/01/2026 75,000 3.000% 12,009.38 87,009.3808/01/2026 10,884.38 10,884.3809/30/2026 97,893.7602/01/2027 80,000 2.000% 10,884.38 90,884.3808/01/2027 10,084.38 10,084.3809/30/2027 100,968.7602/01/2028 80,000 2.000% 10,084.38 90,084.3808/01/2028 9,284.38 9,284.3809/30/2028 99,368.7602/01/2029 80,000 2.125% 9,284.38 89,284.3808/01/2029 8,434.38 8,434.3809/30/2029 97,718.7602/01/2030 85,000 2.250% 8,434.38 93,434.3808/01/2030 7,478.13 7,478.1309/30/2030 100,912.5102/01/2031 85,000 2.375% 7,478.13 92,478.1308/01/2031 6,468.75 6,468.7509/30/2031 98,946.8802/01/2032 90,000 2.375% 6,468.75 96,468.7508/01/2032 5,400.00 5,400.0009/30/2032 101,868.7502/01/2033 90,000 2.500% 5,400.00 95,400.0008/01/2033 4,275.00 4,275.0009/30/2033 99,675.0002/01/2034 90,000 3.000% 4,275.00 94,275.0008/01/2034 2,925.00 2,925.0009/30/2034 97,200.00





Road Work Component (ROAD)


02/01/2035 95,000 3.000% 2,925.00 97,925.0008/01/2035 1,500.00 1,500.0009/30/2035 99,425.0002/01/2036 100,000 3.000% 1,500.00 101,500.0009/30/2036 101,500.00

1,355,000 332,815.74 1,687,815.74 1,687,815.74


BOND DEBT SERVICE

City of Schertz, Texas$1,475,000 Combination Tax & Limited Pledge Revenue Certificates of Obligation, Taxable Series 2016B

Callable 2/1/2026 at ParYMCA Lease Payment Supported



02/01/2020 60,000 3.000% 22,381.25 82,381.2508/01/2020 21,481.25 21,481.2509/30/2020 103,862.5002/01/2021 60,000 3.000% 21,481.25 81,481.2508/01/2021 20,581.25 20,581.2509/30/2021 102,062.5002/01/2022 60,000 3.000% 20,581.25 80,581.2508/01/2022 19,681.25 19,681.2509/30/2022 100,262.5002/01/2023 65,000 3.000% 19,681.25 84,681.2508/01/2023 18,706.25 18,706.2509/30/2023 103,387.5002/01/2024 65,000 3.000% 18,706.25 83,706.2508/01/2024 17,731.25 17,731.2509/30/2024 101,437.5002/01/2025 70,000 3.000% 17,731.25 87,731.2508/01/2025 16,681.25 16,681.2509/30/2025 104,412.5002/01/2026 70,000 3.000% 16,681.25 86,681.2508/01/2026 15,631.25 15,631.2509/30/2026 102,312.5002/01/2027 75,000 3.500% 15,631.25 90,631.2508/01/2027 14,318.75 14,318.7509/30/2027 104,950.0002/01/2028 75,000 3.500% 14,318.75 89,318.7508/01/2028 13,006.25 13,006.2509/30/2028 102,325.0002/01/2029 80,000 3.500% 13,006.25 93,006.2508/01/2029 11,606.25 11,606.2509/30/2029 104,612.5002/01/2030 80,000 3.500% 11,606.25 91,606.2508/01/2030 10,206.25 10,206.2509/30/2030 101,812.5002/01/2031 85,000 3.500% 10,206.25 95,206.2508/01/2031 8,718.75 8,718.7509/30/2031 103,925.0002/01/2032 85,000 3.750% 8,718.75 93,718.7508/01/2032 7,125.00 7,125.0009/30/2032 100,843.7502/01/2033 90,000 3.750% 7,125.00 97,125.0008/01/2033 5,437.50 5,437.5009/30/2033 102,562.5002/01/2034 95,000 3.750% 5,437.50 100,437.5008/01/2034 3,656.25 3,656.2509/30/2034 104,093.7502/01/2035 95,000 3.750% 3,656.25 98,656.25


BOND DEBT SERVICE

City of Schertz, Texas$1,475,000 Combination Tax & Limited Pledge Revenue Certificates of Obligation, Taxable Series 2016B

Callable 2/1/2026 at ParYMCA Lease Payment Supported


08/01/2035 1,875.00 1,875.0009/30/2035 100,531.2502/01/2036 100,000 3.750% 1,875.00 101,875.0009/30/2036 101,875.00

1,310,000 435,268.75 1,745,268.75 1,745,268.75


BOND DEBT SERVICE





02/01/2020 400,000 3.000% 72,437.50 472,437.5008/01/2020 66,437.50 66,437.5009/30/2020 538,875.0002/01/2021 405,000 3.000% 66,437.50 471,437.5008/01/2021 60,362.50 60,362.5009/30/2021 531,800.0002/01/2022 420,000 3.000% 60,362.50 480,362.5008/01/2022 54,062.50 54,062.5009/30/2022 534,425.0002/01/2023 315,000 3.000% 54,062.50 369,062.5008/01/2023 49,337.50 49,337.5009/30/2023 418,400.0002/01/2024 325,000 3.000% 49,337.50 374,337.5008/01/2024 44,462.50 44,462.5009/30/2024 418,800.0002/01/2025 185,000 3.000% 44,462.50 229,462.5008/01/2025 41,687.50 41,687.5009/30/2025 271,150.0002/01/2026 190,000 3.000% 41,687.50 231,687.5008/01/2026 38,837.50 38,837.5009/30/2026 270,525.0002/01/2027 195,000 3.000% 38,837.50 233,837.5008/01/2027 35,912.50 35,912.5009/30/2027 269,750.0002/01/2028 200,000 3.000% 35,912.50 235,912.5008/01/2028 32,912.50 32,912.5009/30/2028 268,825.0002/01/2029 205,000 3.000% 32,912.50 237,912.5008/01/2029 29,837.50 29,837.5009/30/2029 267,750.0002/01/2030 215,000 3.000% 29,837.50 244,837.5008/01/2030 26,612.50 26,612.5009/30/2030 271,450.0002/01/2031 220,000 3.000% 26,612.50 246,612.5008/01/2031 23,312.50 23,312.5009/30/2031 269,925.0002/01/2032 225,000 3.000% 23,312.50 248,312.5008/01/2032 19,937.50 19,937.5009/30/2032 268,250.0002/01/2033 235,000 3.000% 19,937.50 254,937.5008/01/2033 16,412.50 16,412.5009/30/2033 271,350.0002/01/2034 240,000 3.250% 16,412.50 256,412.5008/01/2034 12,512.50 12,512.5009/30/2034 268,925.0002/01/2035 250,000 3.250% 12,512.50 262,512.5008/01/2035 8,450.00 8,450.0009/30/2035 270,962.50


BOND DEBT SERVICE




02/01/2036 255,000 3.250% 8,450.00 263,450.0008/01/2036 4,306.25 4,306.2509/30/2036 267,756.2502/01/2037 265,000 3.250% 4,306.25 269,306.2509/30/2037 269,306.25

4,745,000 1,203,225.00 5,948,225.00 5,948,225.00


BOND DEBT SERVICE





02/01/2020 155,000 3.000% 55,987.50 210,987.5008/01/2020 53,662.50 53,662.5009/30/2020 264,650.0002/01/2021 160,000 3.000% 53,662.50 213,662.5008/01/2021 51,262.50 51,262.5009/30/2021 264,925.0002/01/2022 165,000 3.000% 51,262.50 216,262.5008/01/2022 48,787.50 48,787.5009/30/2022 265,050.0002/01/2023 170,000 3.000% 48,787.50 218,787.5008/01/2023 46,237.50 46,237.5009/30/2023 265,025.0002/01/2024 175,000 3.000% 46,237.50 221,237.5008/01/2024 43,612.50 43,612.5009/30/2024 264,850.0002/01/2025 180,000 3.000% 43,612.50 223,612.5008/01/2025 40,912.50 40,912.5009/30/2025 264,525.0002/01/2026 185,000 3.000% 40,912.50 225,912.5008/01/2026 38,137.50 38,137.5009/30/2026 264,050.0002/01/2027 190,000 3.000% 38,137.50 228,137.5008/01/2027 35,287.50 35,287.5009/30/2027 263,425.0002/01/2028 195,000 3.000% 35,287.50 230,287.5008/01/2028 32,362.50 32,362.5009/30/2028 262,650.0002/01/2029 205,000 3.000% 32,362.50 237,362.5008/01/2029 29,287.50 29,287.5009/30/2029 266,650.0002/01/2030 210,000 3.000% 29,287.50 239,287.5008/01/2030 26,137.50 26,137.5009/30/2030 265,425.0002/01/2031 215,000 3.000% 26,137.50 241,137.5008/01/2031 22,912.50 22,912.5009/30/2031 264,050.0002/01/2032 225,000 3.000% 22,912.50 247,912.5008/01/2032 19,537.50 19,537.5009/30/2032 267,450.0002/01/2033 230,000 3.000% 19,537.50 249,537.5008/01/2033 16,087.50 16,087.5009/30/2033 265,625.0002/01/2034 235,000 3.250% 16,087.50 251,087.5008/01/2034 12,268.75 12,268.7509/30/2034 263,356.2502/01/2035 245,000 3.250% 12,268.75 257,268.7508/01/2035 8,287.50 8,287.5009/30/2035 265,556.25


BOND DEBT SERVICE




02/01/2036 250,000 3.250% 8,287.50 258,287.5008/01/2036 4,225.00 4,225.0009/30/2036 262,512.5002/01/2037 260,000 3.250% 4,225.00 264,225.0009/30/2037 264,225.00

3,650,000 1,114,000.00 4,764,000.00 4,764,000.00


BOND DEBT SERVICE





02/01/2020 560,000 2.120% 58,141 618,14108/01/2020 52,205 52,20509/30/2020 670,34602/01/2021 570,000 2.120% 52,205 622,20508/01/2021 46,163 46,16309/30/2021 668,36802/01/2022 585,000 2.120% 46,163 631,16308/01/2022 39,962 39,96209/30/2022 671,12502/01/2023 595,000 2.120% 39,962 634,96208/01/2023 33,655 33,65509/30/2023 668,61702/01/2024 610,000 2.120% 33,655 643,65508/01/2024 27,189 27,18909/30/2024 670,84402/01/2025 625,000 2.120% 27,189 652,18908/01/2025 20,564 20,56409/30/2025 672,75302/01/2026 635,000 2.120% 20,564 655,56408/01/2026 13,833 13,83309/30/2026 669,39702/01/2027 645,000 2.120% 13,833 658,83308/01/2027 6,996 6,99609/30/2027 665,82902/01/2028 660,000 2.120% 6,996 666,99609/30/2028 666,996

5,485,000 539,275 6,024,275 6,024,275


BOND DEBT SERVICE

City of Schertz, Texas$10,440,000 Combination Tax and Limited Pledge Revenues Certificates of Obligation, Series 2018




02/01/2020 405,000 5.000% 205,968.75 610,968.7508/01/2020 195,843.75 195,843.7509/30/2020 806,812.5002/01/2021 430,000 5.000% 195,843.75 625,843.7508/01/2021 185,093.75 185,093.7509/30/2021 810,937.5002/01/2022 450,000 5.000% 185,093.75 635,093.7508/01/2022 173,843.75 173,843.7509/30/2022 808,937.5002/01/2023 475,000 5.000% 173,843.75 648,843.7508/01/2023 161,968.75 161,968.7509/30/2023 810,812.5002/01/2024 495,000 5.000% 161,968.75 656,968.7508/01/2024 149,593.75 149,593.7509/30/2024 806,562.5002/01/2025 520,000 5.000% 149,593.75 669,593.7508/01/2025 136,593.75 136,593.7509/30/2025 806,187.5002/01/2026 435,000 5.000% 136,593.75 571,593.7508/01/2026 125,718.75 125,718.7509/30/2026 697,312.5002/01/2027 455,000 5.000% 125,718.75 580,718.7508/01/2027 114,343.75 114,343.7509/30/2027 695,062.5002/01/2028 480,000 5.000% 114,343.75 594,343.7508/01/2028 102,343.75 102,343.7509/30/2028 696,687.5002/01/2029 505,000 5.000% 102,343.75 607,343.7508/01/2029 89,718.75 89,718.7509/30/2029 697,062.5002/01/2030 525,000 4.000% 89,718.75 614,718.7508/01/2030 79,218.75 79,218.7509/30/2030 693,937.5002/01/2031 545,000 3.000% 79,218.75 624,218.7508/01/2031 71,043.75 71,043.7509/30/2031 695,262.5002/01/2032 560,000 3.000% 71,043.75 631,043.7508/01/2032 62,643.75 62,643.7509/30/2032 693,687.5002/01/2033 580,000 3.125% 62,643.75 642,643.7508/01/2033 53,581.25 53,581.2509/30/2033 696,225.0002/01/2034 595,000 3.250% 53,581.25 648,581.2508/01/2034 43,912.50 43,912.5009/30/2034 692,493.7502/01/2035 620,000 3.250% 43,912.50 663,912.5008/01/2035 33,837.50 33,837.5009/30/2035 697,750.00


BOND DEBT SERVICE




02/01/2036 640,000 3.375% 33,837.50 673,837.5008/01/2036 23,037.50 23,037.5009/30/2036 696,875.0002/01/2037 660,000 3.375% 23,037.50 683,037.5008/01/2037 11,900.00 11,900.0009/30/2037 694,937.5002/01/2038 680,000 3.500% 11,900.00 691,900.0009/30/2038 691,900.00

10,055,000 3,834,443.75 13,889,443.75 13,889,443.75






General Fund Bond Component (GF)


02/01/2020 220,000 5.000% 96,381.25 316,381.2508/01/2020 90,881.25 90,881.2509/30/2020 407,262.5002/01/2021 235,000 5.000% 90,881.25 325,881.2508/01/2021 85,006.25 85,006.2509/30/2021 410,887.5002/01/2022 245,000 5.000% 85,006.25 330,006.2508/01/2022 78,881.25 78,881.2509/30/2022 408,887.5002/01/2023 260,000 5.000% 78,881.25 338,881.2508/01/2023 72,381.25 72,381.2509/30/2023 411,262.5002/01/2024 270,000 5.000% 72,381.25 342,381.2508/01/2024 65,631.25 65,631.2509/30/2024 408,012.5002/01/2025 285,000 5.000% 65,631.25 350,631.2508/01/2025 58,506.25 58,506.2509/30/2025 409,137.5002/01/2026 185,000 5.000% 58,506.25 243,506.2508/01/2026 53,881.25 53,881.2509/30/2026 297,387.5002/01/2027 195,000 5.000% 53,881.25 248,881.2508/01/2027 49,006.25 49,006.2509/30/2027 297,887.5002/01/2028 205,000 5.000% 49,006.25 254,006.2508/01/2028 43,881.25 43,881.2509/30/2028 297,887.5002/01/2029 215,000 5.000% 43,881.25 258,881.2508/01/2029 38,506.25 38,506.2509/30/2029 297,387.5002/01/2030 225,000 4.000% 38,506.25 263,506.2508/01/2030 34,006.25 34,006.2509/30/2030 297,512.5002/01/2031 235,000 3.000% 34,006.25 269,006.2508/01/2031 30,481.25 30,481.2509/30/2031 299,487.5002/01/2032 240,000 3.000% 30,481.25 270,481.2508/01/2032 26,881.25 26,881.2509/30/2032 297,362.5002/01/2033 250,000 3.125% 26,881.25 276,881.2508/01/2033 22,975.00 22,975.0009/30/2033 299,856.2502/01/2034 255,000 3.250% 22,975.00 277,975.0008/01/2034 18,831.25 18,831.2509/30/2034 296,806.25







02/01/2035 265,000 3.250% 18,831.25 283,831.2508/01/2035 14,525.00 14,525.0009/30/2035 298,356.2502/01/2036 275,000 3.375% 14,525.00 289,525.0008/01/2036 9,884.38 9,884.3809/30/2036 299,409.3802/01/2037 285,000 3.375% 9,884.38 294,884.3808/01/2037 5,075.00 5,075.0009/30/2037 299,959.3802/01/2038 290,000 3.500% 5,075.00 295,075.0009/30/2038 295,075.00

4,635,000 1,694,825.01 6,329,825.01 6,329,825.01






Utility Fund Component (UF)


02/01/2020 185,000 5.000% 109,587.50 294,587.5008/01/2020 104,962.50 104,962.5009/30/2020 399,550.0002/01/2021 195,000 5.000% 104,962.50 299,962.5008/01/2021 100,087.50 100,087.5009/30/2021 400,050.0002/01/2022 205,000 5.000% 100,087.50 305,087.5008/01/2022 94,962.50 94,962.5009/30/2022 400,050.0002/01/2023 215,000 5.000% 94,962.50 309,962.5008/01/2023 89,587.50 89,587.5009/30/2023 399,550.0002/01/2024 225,000 5.000% 89,587.50 314,587.5008/01/2024 83,962.50 83,962.5009/30/2024 398,550.0002/01/2025 235,000 5.000% 83,962.50 318,962.5008/01/2025 78,087.50 78,087.5009/30/2025 397,050.0002/01/2026 250,000 5.000% 78,087.50 328,087.5008/01/2026 71,837.50 71,837.5009/30/2026 399,925.0002/01/2027 260,000 5.000% 71,837.50 331,837.5008/01/2027 65,337.50 65,337.5009/30/2027 397,175.0002/01/2028 275,000 5.000% 65,337.50 340,337.5008/01/2028 58,462.50 58,462.5009/30/2028 398,800.0002/01/2029 290,000 5.000% 58,462.50 348,462.5008/01/2029 51,212.50 51,212.5009/30/2029 399,675.0002/01/2030 300,000 4.000% 51,212.50 351,212.5008/01/2030 45,212.50 45,212.5009/30/2030 396,425.0002/01/2031 310,000 3.000% 45,212.50 355,212.5008/01/2031 40,562.50 40,562.5009/30/2031 395,775.0002/01/2032 320,000 3.000% 40,562.50 360,562.5008/01/2032 35,762.50 35,762.5009/30/2032 396,325.0002/01/2033 330,000 3.125% 35,762.50 365,762.5008/01/2033 30,606.25 30,606.2509/30/2033 396,368.7502/01/2034 340,000 3.250% 30,606.25 370,606.2508/01/2034 25,081.25 25,081.2509/30/2034 395,687.50







02/01/2035 355,000 3.250% 25,081.25 380,081.2508/01/2035 19,312.50 19,312.5009/30/2035 399,393.7502/01/2036 365,000 3.375% 19,312.50 384,312.5008/01/2036 13,153.13 13,153.1309/30/2036 397,465.6302/01/2037 375,000 3.375% 13,153.13 388,153.1308/01/2037 6,825.00 6,825.0009/30/2037 394,978.1302/01/2038 390,000 3.500% 6,825.00 396,825.0009/30/2038 396,825.00

5,420,000 2,139,618.76 7,559,618.76 7,559,618.76


BOND DEBT SERVICE

City of Schertz, Texas$8,570,000 General Obligation and Refunding Bonds, Series 2018




02/01/2020 915,000 5.000% 189,471.88 1,104,471.8808/01/2020 166,596.88 166,596.8809/30/2020 1,271,068.7602/01/2021 880,000 5.000% 166,596.88 1,046,596.8808/01/2021 144,596.88 144,596.8809/30/2021 1,191,193.7602/01/2022 555,000 5.000% 144,596.88 699,596.8808/01/2022 130,721.88 130,721.8809/30/2022 830,318.7602/01/2023 595,000 5.000% 130,721.88 725,721.8808/01/2023 115,846.88 115,846.8809/30/2023 841,568.7602/01/2024 660,000 5.000% 115,846.88 775,846.8808/01/2024 99,346.88 99,346.8809/30/2024 875,193.7602/01/2025 670,000 5.000% 99,346.88 769,346.8808/01/2025 82,596.88 82,596.8809/30/2025 851,943.7602/01/2026 700,000 5.000% 82,596.88 782,596.8808/01/2026 65,096.88 65,096.8809/30/2026 847,693.7602/01/2027 260,000 5.000% 65,096.88 325,096.8808/01/2027 58,596.88 58,596.8809/30/2027 383,693.7602/01/2028 570,000 4.000% 58,596.88 628,596.8808/01/2028 47,196.88 47,196.8809/30/2028 675,793.7602/01/2029 495,000 4.000% 47,196.88 542,196.8808/01/2029 37,296.88 37,296.8809/30/2029 579,493.7602/01/2030 515,000 4.000% 37,296.88 552,296.8808/01/2030 26,996.88 26,996.8809/30/2030 579,293.7602/01/2031 535,000 3.125% 26,996.88 561,996.8808/01/2031 18,637.50 18,637.5009/30/2031 580,634.3802/01/2032 555,000 3.250% 18,637.50 573,637.5008/01/2032 9,618.75 9,618.7509/30/2032 583,256.2502/01/2033 570,000 3.375% 9,618.75 579,618.7509/30/2033 579,618.75

8,475,000 2,195,765.74 10,670,765.74 10,670,765.74








02/01/2020 580,000 5.000% 120,971.88 700,971.8808/01/2020 106,471.88 106,471.8809/30/2020 807,443.7602/01/2021 530,000 5.000% 106,471.88 636,471.8808/01/2021 93,221.88 93,221.8809/30/2021 729,693.7602/01/2022 185,000 5.000% 93,221.88 278,221.8808/01/2022 88,596.88 88,596.8809/30/2022 366,818.7602/01/2023 205,000 5.000% 88,596.88 293,596.8808/01/2023 83,471.88 83,471.8809/30/2023 377,068.7602/01/2024 250,000 5.000% 83,471.88 333,471.8808/01/2024 77,221.88 77,221.8809/30/2024 410,693.7602/01/2025 235,000 5.000% 77,221.88 312,221.8808/01/2025 71,346.88 71,346.8809/30/2025 383,568.7602/01/2026 250,000 5.000% 71,346.88 321,346.8808/01/2026 65,096.88 65,096.8809/30/2026 386,443.7602/01/2027 260,000 5.000% 65,096.88 325,096.8808/01/2027 58,596.88 58,596.8809/30/2027 383,693.7602/01/2028 570,000 4.000% 58,596.88 628,596.8808/01/2028 47,196.88 47,196.8809/30/2028 675,793.7602/01/2029 495,000 4.000% 47,196.88 542,196.8808/01/2029 37,296.88 37,296.8809/30/2029 579,493.7602/01/2030 515,000 4.000% 37,296.88 552,296.8808/01/2030 26,996.88 26,996.8809/30/2030 579,293.7602/01/2031 535,000 3.125% 26,996.88 561,996.8808/01/2031 18,637.50 18,637.5009/30/2031 580,634.3802/01/2032 555,000 3.250% 18,637.50 573,637.5008/01/2032 9,618.75 9,618.7509/30/2032 583,256.2502/01/2033 570,000 3.375% 9,618.75 579,618.7509/30/2033 579,618.75

5,735,000 1,688,515.74 7,423,515.74 7,423,515.74






Utility Fund Bond Component (UF)


02/01/2020 335,000 5.000% 68,500 403,50008/01/2020 60,125 60,12509/30/2020 463,62502/01/2021 350,000 5.000% 60,125 410,12508/01/2021 51,375 51,37509/30/2021 461,50002/01/2022 370,000 5.000% 51,375 421,37508/01/2022 42,125 42,12509/30/2022 463,50002/01/2023 390,000 5.000% 42,125 432,12508/01/2023 32,375 32,37509/30/2023 464,50002/01/2024 410,000 5.000% 32,375 442,37508/01/2024 22,125 22,12509/30/2024 464,50002/01/2025 435,000 5.000% 22,125 457,12508/01/2025 11,250 11,25009/30/2025 468,37502/01/2026 450,000 5.000% 11,250 461,25009/30/2026 461,250

2,740,000 507,250 3,247,250 3,247,250


BOND DEBT SERVICE





02/01/2020 375,000 3.000% 123,312.50 498,312.5008/01/2020 117,687.50 117,687.5009/30/2020 616,000.0002/01/2021 385,000 3.000% 117,687.50 502,687.5008/01/2021 111,912.50 111,912.5009/30/2021 614,600.0002/01/2022 395,000 3.000% 111,912.50 506,912.5008/01/2022 105,987.50 105,987.5009/30/2022 612,900.0002/01/2023 410,000 3.000% 105,987.50 515,987.5008/01/2023 99,837.50 99,837.5009/30/2023 615,825.0002/01/2024 420,000 5.000% 99,837.50 519,837.5008/01/2024 89,337.50 89,337.5009/30/2024 609,175.0002/01/2025 435,000 4.000% 89,337.50 524,337.5008/01/2025 80,637.50 80,637.5009/30/2025 604,975.0002/01/2026 460,000 4.000% 80,637.50 540,637.5008/01/2026 71,437.50 71,437.5009/30/2026 612,075.0002/01/2027 295,000 4.000% 71,437.50 366,437.5008/01/2027 65,537.50 65,537.5009/30/2027 431,975.0002/01/2028 305,000 4.000% 65,537.50 370,537.5008/01/2028 59,437.50 59,437.5009/30/2028 429,975.0002/01/2029 315,000 2.500% 59,437.50 374,437.5008/01/2029 55,500.00 55,500.0009/30/2029 429,937.5002/01/2030 320,000 3.000% 55,500.00 375,500.0008/01/2030 50,700.00 50,700.0009/30/2030 426,200.0002/01/2031 330,000 3.000% 50,700.00 380,700.0008/01/2031 45,750.00 45,750.0009/30/2031 426,450.0002/01/2032 340,000 3.000% 45,750.00 385,750.0008/01/2032 40,650.00 40,650.0009/30/2032 426,400.0002/01/2033 355,000 3.000% 40,650.00 395,650.0008/01/2033 35,325.00 35,325.0009/30/2033 430,975.0002/01/2034 365,000 3.000% 35,325.00 400,325.0008/01/2034 29,850.00 29,850.0009/30/2034 430,175.0002/01/2035 375,000 3.000% 29,850.00 404,850.0008/01/2035 24,225.00 24,225.00


BOND DEBT SERVICE




09/30/2035 429,075.0002/01/2036 385,000 3.000% 24,225.00 409,225.0008/01/2036 18,450.00 18,450.0009/30/2036 427,675.0002/01/2037 400,000 3.000% 18,450.00 418,450.0008/01/2037 12,450.00 12,450.0009/30/2037 430,900.0002/01/2038 410,000 3.000% 12,450.00 422,450.0008/01/2038 6,300.00 6,300.0009/30/2038 428,750.0002/01/2039 420,000 3.000% 6,300.00 426,300.0009/30/2039 426,300.00

7,495,000 2,365,337.50 9,860,337.50 9,860,337.50

Aug 1, 2019 3:13 pm Prepared by ATF (y:\dbc\Schertz:SCHERTZ‐2019_GF) Page 47

BOND DEBT SERVICE





02/01/2020 375,000 3.000% 123,312.50 498,312.5008/01/2020 117,687.50 117,687.5009/30/2020 616,000.0002/01/2021 385,000 3.000% 117,687.50 502,687.5008/01/2021 111,912.50 111,912.5009/30/2021 614,600.0002/01/2022 395,000 3.000% 111,912.50 506,912.5008/01/2022 105,987.50 105,987.5009/30/2022 612,900.0002/01/2023 410,000 3.000% 105,987.50 515,987.5008/01/2023 99,837.50 99,837.5009/30/2023 615,825.0002/01/2024 420,000 5.000% 99,837.50 519,837.5008/01/2024 89,337.50 89,337.5009/30/2024 609,175.0002/01/2025 435,000 4.000% 89,337.50 524,337.5008/01/2025 80,637.50 80,637.5009/30/2025 604,975.0002/01/2026 460,000 4.000% 80,637.50 540,637.5008/01/2026 71,437.50 71,437.5009/30/2026 612,075.0002/01/2027 295,000 4.000% 71,437.50 366,437.5008/01/2027 65,537.50 65,537.5009/30/2027 431,975.0002/01/2028 305,000 4.000% 65,537.50 370,537.5008/01/2028 59,437.50 59,437.5009/30/2028 429,975.0002/01/2029 315,000 2.500% 59,437.50 374,437.5008/01/2029 55,500.00 55,500.0009/30/2029 429,937.5002/01/2030 320,000 3.000% 55,500.00 375,500.0008/01/2030 50,700.00 50,700.0009/30/2030 426,200.0002/01/2031 330,000 3.000% 50,700.00 380,700.0008/01/2031 45,750.00 45,750.0009/30/2031 426,450.0002/01/2032 340,000 3.000% 45,750.00 385,750.0008/01/2032 40,650.00 40,650.0009/30/2032 426,400.0002/01/2033 355,000 3.000% 40,650.00 395,650.0008/01/2033 35,325.00 35,325.0009/30/2033 430,975.0002/01/2034 365,000 3.000% 35,325.00 400,325.0008/01/2034 29,850.00 29,850.0009/30/2034 430,175.0002/01/2035 375,000 3.000% 29,850.00 404,850.0008/01/2035 24,225.00 24,225.0009/30/2035 429,075.00


BOND DEBT SERVICE




02/01/2036 385,000 3.000% 24,225.00 409,225.0008/01/2036 18,450.00 18,450.0009/30/2036 427,675.0002/01/2037 400,000 3.000% 18,450.00 418,450.0008/01/2037 12,450.00 12,450.0009/30/2037 430,900.0002/01/2038 410,000 3.000% 12,450.00 422,450.0008/01/2038 6,300.00 6,300.0009/30/2038 428,750.0002/01/2039 420,000 3.000% 6,300.00 426,300.0009/30/2039 426,300.00

7,495,000 2,365,337.50 9,860,337.50 9,860,337.50






Road Improvement Component (GF)


02/01/2020 105,000 3.000% 46,737.50 151,737.5008/01/2020 45,162.50 45,162.5009/30/2020 196,900.0002/01/2021 105,000 3.000% 45,162.50 150,162.5008/01/2021 43,587.50 43,587.5009/30/2021 193,750.0002/01/2022 110,000 3.000% 43,587.50 153,587.5008/01/2022 41,937.50 41,937.5009/30/2022 195,525.0002/01/2023 115,000 3.000% 41,937.50 156,937.5008/01/2023 40,212.50 40,212.5009/30/2023 197,150.0002/01/2024 115,000 5.000% 40,212.50 155,212.5008/01/2024 37,337.50 37,337.5009/30/2024 192,550.0002/01/2025 120,000 4.000% 37,337.50 157,337.5008/01/2025 34,937.50 34,937.5009/30/2025 192,275.0002/01/2026 125,000 4.000% 34,937.50 159,937.5008/01/2026 32,437.50 32,437.5009/30/2026 192,375.0002/01/2027 135,000 4.000% 32,437.50 167,437.5008/01/2027 29,737.50 29,737.5009/30/2027 197,175.0002/01/2028 140,000 4.000% 29,737.50 169,737.5008/01/2028 26,937.50 26,937.5009/30/2028 196,675.0002/01/2029 145,000 2.500% 26,937.50 171,937.5008/01/2029 25,125.00 25,125.0009/30/2029 197,062.5002/01/2030 145,000 3.000% 25,125.00 170,125.0008/01/2030 22,950.00 22,950.0009/30/2030 193,075.0002/01/2031 150,000 3.000% 22,950.00 172,950.0008/01/2031 20,700.00 20,700.0009/30/2031 193,650.0002/01/2032 155,000 3.000% 20,700.00 175,700.0008/01/2032 18,375.00 18,375.0009/30/2032 194,075.0002/01/2033 160,000 3.000% 18,375.00 178,375.0008/01/2033 15,975.00 15,975.0009/30/2033 194,350.0002/01/2034 165,000 3.000% 15,975.00 180,975.0008/01/2034 13,500.00 13,500.0009/30/2034 194,475.00





Road Improvement Component (GF)


02/01/2035 170,000 3.000% 13,500.00 183,500.0008/01/2035 10,950.00 10,950.0009/30/2035 194,450.0002/01/2036 175,000 3.000% 10,950.00 185,950.0008/01/2036 8,325.00 8,325.0009/30/2036 194,275.0002/01/2037 180,000 3.000% 8,325.00 188,325.0008/01/2037 5,625.00 5,625.0009/30/2037 193,950.0002/01/2038 185,000 3.000% 5,625.00 190,625.0008/01/2038 2,850.00 2,850.0009/30/2038 193,475.0002/01/2039 190,000 3.000% 2,850.00 192,850.0009/30/2039 192,850.00

2,890,000 1,000,062.50 3,890,062.50 3,890,062.50






Fire Truck Component (FT)


02/01/2020 145,000 3.000% 20,275 165,27508/01/2020 18,100 18,10009/30/2020 183,37502/01/2021 150,000 3.000% 18,100 168,10008/01/2021 15,850 15,85009/30/2021 183,95002/01/2022 155,000 3.000% 15,850 170,85008/01/2022 13,525 13,52509/30/2022 184,37502/01/2023 160,000 3.000% 13,525 173,52508/01/2023 11,125 11,12509/30/2023 184,65002/01/2024 165,000 5.000% 11,125 176,12508/01/2024 7,000 7,00009/30/2024 183,12502/01/2025 170,000 4.000% 7,000 177,00008/01/2025 3,600 3,60009/30/2025 180,60002/01/2026 180,000 4.000% 3,600 183,60009/30/2026 183,600

1,125,000 158,675 1,283,675 1,283,675








02/01/2020 125,000 3.000% 56,300 181,30008/01/2020 54,425 54,42509/30/2020 235,72502/01/2021 130,000 3.000% 54,425 184,42508/01/2021 52,475 52,47509/30/2021 236,90002/01/2022 130,000 3.000% 52,475 182,47508/01/2022 50,525 50,52509/30/2022 233,00002/01/2023 135,000 3.000% 50,525 185,52508/01/2023 48,500 48,50009/30/2023 234,02502/01/2024 140,000 5.000% 48,500 188,50008/01/2024 45,000 45,00009/30/2024 233,50002/01/2025 145,000 4.000% 45,000 190,00008/01/2025 42,100 42,10009/30/2025 232,10002/01/2026 155,000 4.000% 42,100 197,10008/01/2026 39,000 39,00009/30/2026 236,10002/01/2027 160,000 4.000% 39,000 199,00008/01/2027 35,800 35,80009/30/2027 234,80002/01/2028 165,000 4.000% 35,800 200,80008/01/2028 32,500 32,50009/30/2028 233,30002/01/2029 170,000 2.500% 32,500 202,50008/01/2029 30,375 30,37509/30/2029 232,87502/01/2030 175,000 3.000% 30,375 205,37508/01/2030 27,750 27,75009/30/2030 233,12502/01/2031 180,000 3.000% 27,750 207,75008/01/2031 25,050 25,05009/30/2031 232,80002/01/2032 185,000 3.000% 25,050 210,05008/01/2032 22,275 22,27509/30/2032 232,32502/01/2033 195,000 3.000% 22,275 217,27508/01/2033 19,350 19,35009/30/2033 236,62502/01/2034 200,000 3.000% 19,350 219,35008/01/2034 16,350 16,350







09/30/2034 235,70002/01/2035 205,000 3.000% 16,350 221,35008/01/2035 13,275 13,27509/30/2035 234,62502/01/2036 210,000 3.000% 13,275 223,27508/01/2036 10,125 10,12509/30/2036 233,40002/01/2037 220,000 3.000% 10,125 230,12508/01/2037 6,825 6,82509/30/2037 236,95002/01/2038 225,000 3.000% 6,825 231,82508/01/2038 3,450 3,45009/30/2038 235,27502/01/2039 230,000 3.000% 3,450 233,45009/30/2039 233,450

3,480,000 1,206,600 4,686,600 4,686,600


BOND DEBT SERVICE

$41,040,000 Contract Revenue Bonds, Series 2001Schertz/Seguin Local Government Corp.

Non Callable



02/01/2020 260,000 260,00008/01/2020 260,000 260,00009/30/2020 520,00002/01/2021 260,000 260,00008/01/2021 260,000 260,00009/30/2021 520,00002/01/2022 260,000 260,00008/01/2022 260,000 260,00009/30/2022 520,00002/01/2023 260,000 260,00008/01/2023 260,000 260,00009/30/2023 520,00002/01/2024 260,000 260,00008/01/2024 260,000 260,00009/30/2024 520,00002/01/2025 260,000 260,00008/01/2025 260,000 260,00009/30/2025 520,00002/01/2026 260,000 260,00008/01/2026 260,000 260,00009/30/2026 520,00002/01/2027 260,000 260,00008/01/2027 260,000 260,00009/30/2027 520,00002/01/2028 260,000 260,00008/01/2028 260,000 260,00009/30/2028 520,00002/01/2029 260,000 260,00008/01/2029 260,000 260,00009/30/2029 520,00002/01/2030 260,000 260,00008/01/2030 260,000 260,00009/30/2030 520,00002/01/2031 1,795,000 5.200% 260,000 2,055,00008/01/2031 213,330 213,33009/30/2031 2,268,33002/01/2032 1,895,000 5.200% 213,330 2,108,33008/01/2032 164,060 164,06009/30/2032 2,272,39002/01/2033 1,995,000 5.200% 164,060 2,159,06008/01/2033 112,190 112,19009/30/2033 2,271,25002/01/2034 2,100,000 5.200% 112,190 2,212,190


BOND DEBT SERVICE

$41,040,000 Contract Revenue Bonds, Series 2001Schertz/Seguin Local Government Corp.

Non Callable


08/01/2034 57,590 57,59009/30/2034 2,269,78002/01/2035 2,215,000 5.200% 57,590 2,272,59009/30/2035 2,272,590

10,000,000 7,074,340 17,074,340 17,074,340


BOND DEBT SERVICE

$25,425,000 Contract Revenue Bonds, Series 2012 (SAWS Expansion Water Treatment Project 2)Schertz/Seguin Local Government Corp.




02/01/2020 670,000 4.000% 426,793.75 1,096,793.7508/01/2020 413,393.75 413,393.7509/30/2020 1,510,187.5002/01/2021 700,000 4.000% 413,393.75 1,113,393.7508/01/2021 399,393.75 399,393.7509/30/2021 1,512,787.5002/01/2022 725,000 4.000% 399,393.75 1,124,393.7508/01/2022 384,893.75 384,893.7509/30/2022 1,509,287.5002/01/2023 755,000 4.000% 384,893.75 1,139,893.7508/01/2023 369,793.75 369,793.7509/30/2023 1,509,687.5002/01/2024 785,000 4.000% 369,793.75 1,154,793.7508/01/2024 354,093.75 354,093.7509/30/2024 1,508,887.5002/01/2025 815,000 3.000% 354,093.75 1,169,093.7508/01/2025 341,868.75 341,868.7509/30/2025 1,510,962.5002/01/2026 840,000 3.000% 341,868.75 1,181,868.7508/01/2026 329,268.75 329,268.7509/30/2026 1,511,137.5002/01/2027 865,000 3.125% 329,268.75 1,194,268.7508/01/2027 315,753.13 315,753.1309/30/2027 1,510,021.8802/01/2028 895,000 3.625% 315,753.13 1,210,753.1308/01/2028 299,531.25 299,531.2509/30/2028 1,510,284.3802/01/2029 930,000 3.625% 299,531.25 1,229,531.2508/01/2029 282,675.00 282,675.0009/30/2029 1,512,206.2502/01/2030 965,000 3.625% 282,675.00 1,247,675.0008/01/2030 265,184.38 265,184.3809/30/2030 1,512,859.3802/01/2031 1,000,000 3.625% 265,184.38 1,265,184.3808/01/2031 247,059.38 247,059.3809/30/2031 1,512,243.7602/01/2032 1,035,000 3.625% 247,059.38 1,282,059.3808/01/2032 228,300.00 228,300.0009/30/2032 1,510,359.3802/01/2033 1,075,000 4.000% 228,300.00 1,303,300.0008/01/2033 206,800.00 206,800.0009/30/2033 1,510,100.0002/01/2034 1,120,000 4.000% 206,800.00 1,326,800.0008/01/2034 184,400.00 184,400.0009/30/2034 1,511,200.0002/01/2035 1,165,000 4.000% 184,400.00 1,349,400.0008/01/2035 161,100.00 161,100.0009/30/2035 1,510,500.00


BOND DEBT SERVICE

$25,425,000 Contract Revenue Bonds, Series 2012 (SAWS Expansion Water Treatment Project 2)Schertz/Seguin Local Government Corp.



02/01/2036 1,210,000 4.000% 161,100.00 1,371,100.0008/01/2036 136,900.00 136,900.0009/30/2036 1,508,000.0002/01/2037 1,260,000 4.000% 136,900.00 1,396,900.0008/01/2037 111,700.00 111,700.0009/30/2037 1,508,600.0002/01/2038 1,315,000 4.000% 111,700.00 1,426,700.0008/01/2038 85,400.00 85,400.0009/30/2038 1,512,100.0002/01/2039 1,365,000 4.000% 85,400.00 1,450,400.0008/01/2039 58,100.00 58,100.0009/30/2039 1,508,500.0002/01/2040 1,425,000 4.000% 58,100.00 1,483,100.0008/01/2040 29,600.00 29,600.0009/30/2040 1,512,700.0002/01/2041 1,480,000 4.000% 29,600.00 1,509,600.0009/30/2041 1,509,600.00

22,395,000 10,837,212.53 33,232,212.53 33,232,212.53


BOND DEBT SERVICE

$6,275,000 Contract Revenue Refunding Bonds, Series 2014Schertz/Seguin Local Government Corp.

Callable 2/1/2022



02/01/2020 555,000 3.000% 58,887.50 613,887.5008/01/2020 50,562.50 50,562.5009/30/2020 664,450.0002/01/2021 570,000 3.000% 50,562.50 620,562.5008/01/2021 42,012.50 42,012.5009/30/2021 662,575.0002/01/2022 590,000 3.000% 42,012.50 632,012.5008/01/2022 33,162.50 33,162.5009/30/2022 665,175.0002/01/2023 610,000 3.500% 33,162.50 643,162.5008/01/2023 22,487.50 22,487.5009/30/2023 665,650.0002/01/2024 630,000 3.500% 22,487.50 652,487.5008/01/2024 11,462.50 11,462.5009/30/2024 663,950.0002/01/2025 655,000 3.500% 11,462.50 666,462.5009/30/2025 666,462.50

3,610,000 378,262.50 3,988,262.50 3,988,262.50


BOND DEBT SERVICE

$41,720,000 Contract Revenue Improvement and Refunding Bonds, New Series 2015Schertz/Seguin Local Government Corp.




02/01/2020 775,000 3.000% 840,400 1,615,40008/01/2020 828,775 828,77509/30/2020 2,444,17502/01/2021 785,000 4.000% 828,775 1,613,77508/01/2021 813,075 813,07509/30/2021 2,426,85002/01/2022 825,000 4.000% 813,075 1,638,07508/01/2022 796,575 796,57509/30/2022 2,434,65002/01/2023 860,000 4.000% 796,575 1,656,57508/01/2023 779,375 779,37509/30/2023 2,435,95002/01/2024 900,000 5.000% 779,375 1,679,37508/01/2024 756,875 756,87509/30/2024 2,436,25002/01/2025 945,000 5.000% 756,875 1,701,87508/01/2025 733,250 733,25009/30/2025 2,435,12502/01/2026 1,805,000 5.000% 733,250 2,538,25008/01/2026 688,125 688,12509/30/2026 3,226,37502/01/2027 1,885,000 5.000% 688,125 2,573,12508/01/2027 641,000 641,00009/30/2027 3,214,12502/01/2028 1,990,000 5.000% 641,000 2,631,00008/01/2028 591,250 591,25009/30/2028 3,222,25002/01/2029 2,090,000 5.000% 591,250 2,681,25008/01/2029 539,000 539,00009/30/2029 3,220,25002/01/2030 2,190,000 5.000% 539,000 2,729,00008/01/2030 484,250 484,25009/30/2030 3,213,25002/01/2031 520,000 5.000% 484,250 1,004,25008/01/2031 471,250 471,25009/30/2031 1,475,50002/01/2032 550,000 5.000% 471,250 1,021,25008/01/2032 457,500 457,50009/30/2032 1,478,75002/01/2033 580,000 5.000% 457,500 1,037,50008/01/2033 443,000 443,00009/30/2033 1,480,50002/01/2034 610,000 4.000% 443,000 1,053,00008/01/2034 430,800 430,80009/30/2034 1,483,80002/01/2035 630,000 4.000% 430,800 1,060,80008/01/2035 418,200 418,200


BOND DEBT SERVICE

$41,720,000 Contract Revenue Improvement and Refunding Bonds, New Series 2015Schertz/Seguin Local Government Corp.



09/30/2035 1,479,00002/01/2036 2,960,000 4.000% 418,200 3,378,20008/01/2036 359,000 359,00009/30/2036 3,737,20002/01/2037 3,085,000 4.000% 359,000 3,444,00008/01/2037 297,300 297,30009/30/2037 3,741,30002/01/2038 3,220,000 4.000% 297,300 3,517,30008/01/2038 232,900 232,90009/30/2038 3,750,20002/01/2039 3,345,000 4.000% 232,900 3,577,90008/01/2039 166,000 166,00009/30/2039 3,743,90002/01/2040 3,480,000 4.000% 166,000 3,646,00008/01/2040 96,400 96,40009/30/2040 3,742,40002/01/2041 3,620,000 4.000% 96,400 3,716,40008/01/2041 24,000 24,00009/30/2041 3,740,40002/01/2042 385,000 4.000% 24,000 409,00008/01/2042 16,300 16,30009/30/2042 425,30002/01/2043 400,000 4.000% 16,300 416,30008/01/2043 8,300 8,30009/30/2043 424,60002/01/2044 415,000 4.000% 8,300 423,30009/30/2044 423,300

38,850,000 22,985,400 61,835,400 61,835,400


BOND DEBT SERVICE

$43,670,000 Contract Revenue Bonds, New Series 2016 (TWDB SWIRFT Project Financing)Schertz/Seguin Local Government Corp.




02/01/2020 495,765.50 495,765.5008/01/2020 1,240,000 0.860% 495,765.50 1,735,765.5009/30/2020 2,231,531.0002/01/2021 490,433.50 490,433.5008/01/2021 1,250,000 0.930% 490,433.50 1,740,433.5009/30/2021 2,230,867.0002/01/2022 484,621.00 484,621.0008/01/2022 1,260,000 1.020% 484,621.00 1,744,621.0009/30/2022 2,229,242.0002/01/2023 478,195.00 478,195.0008/01/2023 1,270,000 1.120% 478,195.00 1,748,195.0009/30/2023 2,226,390.0002/01/2024 471,083.00 471,083.0008/01/2024 1,285,000 1.230% 471,083.00 1,756,083.0009/30/2024 2,227,166.0002/01/2025 463,180.25 463,180.2508/01/2025 1,300,000 1.320% 463,180.25 1,763,180.2509/30/2025 2,226,360.5002/01/2026 454,600.25 454,600.2508/01/2026 1,315,000 1.410% 454,600.25 1,769,600.2509/30/2026 2,224,200.5002/01/2027 445,329.50 445,329.5008/01/2027 1,335,000 1.610% 445,329.50 1,780,329.5009/30/2027 2,225,659.0002/01/2028 434,582.75 434,582.7508/01/2028 1,350,000 1.730% 434,582.75 1,784,582.7509/30/2028 2,219,165.5002/01/2029 422,905.25 422,905.2508/01/2029 1,375,000 2.060% 422,905.25 1,797,905.2509/30/2029 2,220,810.5002/01/2030 408,742.75 408,742.7508/01/2030 1,400,000 2.230% 408,742.75 1,808,742.7509/30/2030 2,217,485.5002/01/2031 393,132.75 393,132.7508/01/2031 1,430,000 2.340% 393,132.75 1,823,132.7509/30/2031 2,216,265.5002/01/2032 376,401.75 376,401.7508/01/2032 1,465,000 2.390% 376,401.75 1,841,401.7509/30/2032 2,217,803.5002/01/2033 358,895.00 358,895.0008/01/2033 1,500,000 2.450% 358,895.00 1,858,895.0009/30/2033 2,217,790.0002/01/2034 340,520.00 340,520.0008/01/2034 1,535,000 2.580% 340,520.00 1,875,520.0009/30/2034 2,216,040.0002/01/2035 320,718.50 320,718.5008/01/2035 1,575,000 2.560% 320,718.50 1,895,718.5009/30/2035 2,216,437.00


BOND DEBT SERVICE

$43,670,000 Contract Revenue Bonds, New Series 2016 (TWDB SWIRFT Project Financing)Schertz/Seguin Local Government Corp.



02/01/2036 300,558.50 300,558.5008/01/2036 1,615,000 2.600% 300,558.50 1,915,558.5009/30/2036 2,216,117.0002/01/2037 279,563.50 279,563.5008/01/2037 1,660,000 2.780% 279,563.50 1,939,563.5009/30/2037 2,219,127.0002/01/2038 256,489.50 256,489.5008/01/2038 1,705,000 2.780% 256,489.50 1,961,489.5009/30/2038 2,217,979.0002/01/2039 232,790.00 232,790.0008/01/2039 1,755,000 2.780% 232,790.00 1,987,790.0009/30/2039 2,220,580.0002/01/2040 208,395.50 208,395.5008/01/2040 1,805,000 2.780% 208,395.50 2,013,395.5009/30/2040 2,221,791.0002/01/2041 183,306.00 183,306.0008/01/2041 1,855,000 2.780% 183,306.00 2,038,306.0009/30/2041 2,221,612.0002/01/2042 157,521.50 157,521.5008/01/2042 1,910,000 3.110% 157,521.50 2,067,521.5009/30/2042 2,225,043.0002/01/2043 127,821.00 127,821.0008/01/2043 1,965,000 3.110% 127,821.00 2,092,821.0009/30/2043 2,220,642.0002/01/2044 97,265.25 97,265.2508/01/2044 2,025,000 3.110% 97,265.25 2,122,265.2509/30/2044 2,219,530.5002/01/2045 65,776.50 65,776.5008/01/2045 2,085,000 3.110% 65,776.50 2,150,776.5009/30/2045 2,216,553.0002/01/2046 33,354.75 33,354.7508/01/2046 2,145,000 3.110% 33,354.75 2,178,354.7509/30/2046 2,211,709.50

42,410,000 17,563,897.50 59,973,897.50 59,973,897.50


BOND DEBT SERVICE

$22,830,000 SWIFT Funding Board Participation Loan, Series 2016Schertz/Seguin Local Government Corp.

Non‐Callable



02/01/2020 414,068.50 414,068.5008/01/2020 414,068.50 414,068.5009/30/2020 828,13702/01/2021 414,068.50 414,068.5008/01/2021 414,068.50 414,068.5009/30/2021 828,13702/01/2022 414,068.50 414,068.5008/01/2022 414,068.50 414,068.5009/30/2022 828,13702/01/2023 414,068.50 414,068.5008/01/2023 414,068.50 414,068.5009/30/2023 828,13702/01/2024 414,068.50 414,068.5008/01/2024 414,068.50 414,068.5009/30/2024 828,13702/01/2025 414,068.50 414,068.5008/01/2025 414,068.50 414,068.5009/30/2025 828,13702/01/2026 414,068.50 414,068.5008/01/2026 414,068.50 414,068.5009/30/2026 828,13702/01/2027 414,068.50 414,068.5008/01/2027 414,068.50 414,068.5009/30/2027 828,13702/01/2028 414,068.50 414,068.5008/01/2028 414,068.50 414,068.5009/30/2028 828,13702/01/2029 414,068.50 414,068.5008/01/2029 414,068.50 414,068.5009/30/2029 828,13702/01/2030 414,068.50 414,068.5008/01/2030 414,068.50 414,068.5009/30/2030 828,13702/01/2031 414,068.50 414,068.5008/01/2031 414,068.50 414,068.5009/30/2031 828,13702/01/2032 414,068.50 414,068.5008/01/2032 414,068.50 414,068.5009/30/2032 828,13702/01/2033 414,068.50 414,068.5008/01/2033 414,068.50 414,068.5009/30/2033 828,13702/01/2034 414,068.50 414,068.5008/01/2034 414,068.50 414,068.5009/30/2034 828,13702/01/2035 414,068.50 414,068.5008/01/2035 300,000 3.190% 414,068.50 714,068.50


BOND DEBT SERVICE


Non‐Callable


09/30/2035 1,128,13702/01/2036 409,283.50 409,283.5008/01/2036 700,000 3.240% 409,283.50 1,109,283.5009/30/2036 1,518,56702/01/2037 397,943.50 397,943.5008/01/2037 1,125,000 3.460% 397,943.50 1,522,943.5009/30/2037 1,920,88702/01/2038 378,481.00 378,481.0008/01/2038 1,165,000 3.460% 378,481.00 1,543,481.0009/30/2038 1,921,96202/01/2039 358,326.50 358,326.5008/01/2039 1,205,000 3.460% 358,326.50 1,563,326.5009/30/2039 1,921,65302/01/2040 337,480.00 337,480.0008/01/2040 1,250,000 3.460% 337,480.00 1,587,480.0009/30/2040 1,924,96002/01/2041 315,855.00 315,855.0008/01/2041 1,290,000 3.460% 315,855.00 1,605,855.0009/30/2041 1,921,71002/01/2042 293,538.00 293,538.0008/01/2042 1,340,000 3.880% 293,538.00 1,633,538.0009/30/2042 1,927,07602/01/2043 267,542.00 267,542.0008/01/2043 1,390,000 3.880% 267,542.00 1,657,542.0009/30/2043 1,925,08402/01/2044 240,576.00 240,576.0008/01/2044 1,440,000 3.880% 240,576.00 1,680,576.0009/30/2044 1,921,15202/01/2045 212,640.00 212,640.0008/01/2045 1,490,000 3.880% 212,640.00 1,702,640.0009/30/2045 1,915,28002/01/2046 183,734.00 183,734.0008/01/2046 1,545,000 3.880% 183,734.00 1,728,734.0009/30/2046 1,912,46802/01/2047 153,761.00 153,761.0008/01/2047 1,605,000 3.580% 153,761.00 1,758,761.0009/30/2047 1,912,52202/01/2048 125,031.50 125,031.5008/01/2048 1,660,000 3.580% 125,031.50 1,785,031.5009/30/2048 1,910,06302/01/2049 95,317.50 95,317.5008/01/2049 1,715,000 3.580% 95,317.50 1,810,317.5009/30/2049 1,905,63502/01/2050 64,619.00 64,619.0008/01/2050 1,775,000 3.580% 64,619.00 1,839,619.00


BOND DEBT SERVICE


Non‐Callable


09/30/2050 1,904,23802/01/2051 32,846.50 32,846.5008/01/2051 1,835,000 3.580% 32,846.50 1,867,846.5009/30/2051 1,900,693

22,830,000 20,984,142.00 43,814,142.00 43,814,142


BOND DEBT SERVICE


Callable at Par on 2/1/2027



02/01/2020 515,000 5.000% 411,525 926,52508/01/2020 398,650 398,65009/30/2020 1,325,17502/01/2021 540,000 5.000% 398,650 938,65008/01/2021 385,150 385,15009/30/2021 1,323,80002/01/2022 565,000 3.000% 385,150 950,15008/01/2022 376,675 376,67509/30/2022 1,326,82502/01/2023 590,000 5.000% 376,675 966,67508/01/2023 361,925 361,92509/30/2023 1,328,60002/01/2024 615,000 5.000% 361,925 976,92508/01/2024 346,550 346,55009/30/2024 1,323,47502/01/2025 650,000 5.000% 346,550 996,55008/01/2025 330,300 330,30009/30/2025 1,326,85002/01/2026 680,000 5.000% 330,300 1,010,30008/01/2026 313,300 313,30009/30/2026 1,323,60002/01/2027 715,000 5.000% 313,300 1,028,30008/01/2027 295,425 295,42509/30/2027 1,323,72502/01/2028 755,000 5.000% 295,425 1,050,42508/01/2028 276,550 276,55009/30/2028 1,326,97502/01/2029 795,000 5.000% 276,550 1,071,55008/01/2029 256,675 256,67509/30/2029 1,328,22502/01/2030 835,000 5.000% 256,675 1,091,67508/01/2030 235,800 235,80009/30/2030 1,327,47502/01/2031 870,000 4.000% 235,800 1,105,80008/01/2031 218,400 218,40009/30/2031 1,324,20002/01/2032 905,000 4.000% 218,400 1,123,40008/01/2032 200,300 200,30009/30/2032 1,323,70002/01/2033 940,000 4.000% 200,300 1,140,30008/01/2033 181,500 181,50009/30/2033 1,321,80002/01/2034 980,000 4.000% 181,500 1,161,50008/01/2034 161,900 161,90009/30/2034 1,323,40002/01/2035 1,020,000 4.000% 161,900 1,181,90008/01/2035 141,500 141,500


BOND DEBT SERVICE


Callable at Par on 2/1/2027


09/30/2035 1,323,40002/01/2036 1,065,000 4.000% 141,500 1,206,50008/01/2036 120,200 120,20009/30/2036 1,326,70002/01/2037 1,110,000 4.000% 120,200 1,230,20008/01/2037 98,000 98,00009/30/2037 1,328,20002/01/2038 1,150,000 4.000% 98,000 1,248,00008/01/2038 75,000 75,00009/30/2038 1,323,00002/01/2039 1,200,000 4.000% 75,000 1,275,00008/01/2039 51,000 51,00009/30/2039 1,326,00002/01/2040 1,250,000 4.000% 51,000 1,301,00008/01/2040 26,000 26,00009/30/2040 1,327,00002/01/2041 1,300,000 4.000% 26,000 1,326,00009/30/2041 1,326,000

19,045,000 10,113,125 29,158,125 29,158,125

Texas Municipal Reports

Schertz, City of Texas Municipal Reports©

(General Obligation Debt) Last Revised: 4/2/2019TMR # 2302

Guadalupe, Bexar, Comal Counties Page 1 of 14

This Texas Municipal Report ("TMR") was prepared by employees of the Municipal Advisory Council of Texas ("MAC") for informational purposes only, and is not intended to be, and should not be considered as, a recommendation, endorsement or solicitation to buy or sell any security of the issuer to which it applies. The information set forth in this TMR has been obtained from the issuer and from sources believed to be reliable, but the MAC has not independently verified such information. The MAC specifically disclaims any responsibility for, and makes no representations, warranties or guarantees about, the completeness or accuracy of such information. In this connection, this TMR reflects information as of the date referred to in the TMR, as derived from filings received by the MAC from the issuer. This TMR will be updated in the ordinary course as filings are received from the issuer, but the MAC specifically disclaims any responsibility for doing so. The reader of this TMR is advised to obtain current information from other sources before making any investment decision respecting the securities of this issuer.

FINANCIAL STATEMENT

FOR OPERATING DATA OF THE WATERWORKS AND SEWER SYSTEM, SEE SEPARATE TEXAS MUNICIPAL REPORT.

FINANCIAL STATEMENT (As of September 30, 2018)

Net Taxable Assessed Valuation ("A.V."), 2018 $4,055,582,301(a)

New Debt $8,570,000Outstanding Debt 72,575,000 ------------------Total General Obligation Debt $81,145,000 Less: Self-Supporting (b) Water & Sewer 14,362,036 EMS Building 369,338 Drainage 329,525 ------------------GO Debt payable from Ad Valorem Taxes $66,084,102 Less: I&S Fund 1,099,858 ------------------Net Debt $64,984,244 ==================

(a) Includes $99,519,923 under review.(b) The October 23, 2018 Official Statement reports the following General Obligation Debt being paid from revenues other than ad valorem taxes; thus considered self-supporting.

Net Debt Per Net Taxable Assessed Valuation - 1.60%Net Debt Per Sq mile - $2,272,176.35Net Debt Per Capita - $1,620.88

Net Taxable Assessed Valuation Per Capita - $101,156.90

Bureau of Census Pop: 2000 - 18,694Bureau of Census Pop: 2010 - 31,4652018 Estimated Population - 40,092Area: 28.60 Sq mile

PAYMENT RECORD

Never defaulted.

TAX DATA

Tax Tax Adjusted % Collected Total % CollectedYear A.V. Rate Levy within FY as of 09/30/2018**

2013 $2,752,562,574 $0.4974 $13,383,759 99.35 99.86 2014 3,037,267,611 0.4974 14,793,867 99.63 99.93 2015 3,375,850,131 0.4911 16,238,180 99.52 99.88 2016 3,647,504,903 0.4911 17,356,822 99.34 99.75 2017 3,783,027,833 0.4910 18,010,824 99.38 99.38 2018 4,055,582,301* 0.5146 20,870,027 (In process of collection)

* Includes $99,519,923 for 2018 under review.** Delinquent tax collections are allocated to the respective years in which thetaxes are levied.

Tax Rate Distribution 2018 2017 2016 2015

Operations $0.3497 $0.3248 $0.3168 $0.3159I&S 0.1649 0.1662 0.1743 0.1752 ------ ------ ------ ------ Totals $0.5146 $0.4910 $0.4911 $0.4911

Tax Rate Limitation: Article XI, Section 5 of Texas Constitution, applicable to

cities of more than 5,000 population; $2.50 per $100 assessed valuation. City operates under a Home Rule Charter which adopts constitutional provisions.

TAX ABATEMENT The tax abatement for the 2018 assessed valuation was $902,273.

TAX INCREMENT REINVESTMENT ZONE #2 The City is participating in Tax Increment Financing (TIF). Under the terms of the Zone agreement, the City of Schertz, Bexar County, and San Antonio River Authority are funding infrastructure improvements through tax increment financing to the Sedona Development Project. The Zone was created in December 2006 with a base value of $3,127,500. The Zonehas a statutory termination date of December 31, 2027.

TAX INCREMENT CAPTURED VALUE:

2013 $15,046,3622014 11,664,2982015 15,879,3832016 18,033,0052017 17,315,6502018 21,398,191

SALES TAX

Municipal Sales Tax: The City has adopted the provisions of Municipal Sales and Use Tax Act V.T.C.A, Tax Code, Chapter 321, which grants the City power to impose and levy a 1% Local Sales and Use Tax within the City; the proceeds are credited to the General Fund and are not pledged to the payment of the bonds in this report. Voters approved an additional sales and use tax of 1/2 of 1% for Schertz Economic Development Corporation (Type B) effective January 1, 1998. Net allocations on calendar year basis are as follows:

Calendar Total % of Ad Val Equiv of AdYear Rate Collected Tax Levy Val Tax Rate

2015 1.500% $10,303,429 63.45% $0.312016 1.500 10,992,476 63.33 0.312017 1.500 10,849,278 60.23 0.302018 1.500 12,631,749 60.52 0.31

DETAILS OF OUTSTANDING DEBT

Details of Limited Tax Debt (Outstanding 9/30/2018)

Comb Tax & Ltd Pledge Rev C/O Ser 2007Tax Treatment: Tax ExemptOriginal Issue Amount $9,915,000.00Dated Date: 01/01/2007Sale Date: 12/19/2006Delivery Date: 01/17/2007Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2007

Paying Agent: The Bank of New York Mellon Trust Company, N.A., Houston, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXPurchaser: JPMorgan Chase Bank, N.A.

Security : Limited Tax and a subordinate lien on the net revenues of the Waterworks & Sewer system not to exceed $1,000.

Water & Sewer 100.00%

Use of Proceeds: Utility, Streets & Drainage, Public Works, Energy Management Sys, Communication Equipment.

Orig ReofferingMaturity Amount Coupon Price/Yield





08/01/2019 355,000.00 4.0100% N/A---------------------------------------------------$355,000.00

Call Option: Bonds maturing on 08/01/2018 to 08/01/2019 callable in whole or in part on any date beginning 08/01/2017 @ par.

Refunded Notes: Maturities refunded by GO & Ref Bds Ser 2018 Refunded Amount Mat Date Coupon Price Sched Call 370,000.00 08/01/2020 4.010 Par 11/28/2018 385,000.00 08/01/2021 4.010 Par 11/28/2018 400,000.00 08/01/2022 4.010 Par 11/28/2018 420,000.00 08/01/2023 4.010 Par 11/28/2018 435,000.00 08/01/2024 4.010 Par 11/28/2018 455,000.00 08/01/2025 4.010 Par 11/28/2018 470,000.00 08/01/2026 4.010 Par 11/28/2018

GO Bds Ser 2007Tax Treatment: Tax ExemptOriginal Issue Amount $6,000,000.00Dated Date: 09/01/2007Sale Date: 09/04/2007Delivery Date: 09/24/2007Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2008

Paying Agent: The Bank of New York Mellon Trust Company, N.A., Houston, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXPurchaser: JPMorgan Chase Bank, N.A.

Use of Proceeds: Recreational Facilities, Streets & Sidewalks, Drainage.


02/01/2027T 3,205,000.00 4.0700% N/A-------------------------------------------------$3,205,000.00

Call Option: Term bonds maturing on 02/01/2027 callable in whole or in part on any date @ par plus a Prepayment Fee as specified in the Indenture.

Term Call: Term bonds maturing on 02/01/2027: Mandatory Redemption Date Principal Amount 02/01/2008 $190,000 02/01/2009 $285,000 02/01/2010 $250,000 02/01/2011 $275,000 02/01/2012 $225,000 02/01/2013 $235,000 02/01/2014 $245,000 02/01/2015 $255,000 02/01/2016 $265,000 02/01/2017 $280,000 02/01/2018 $290,000 02/01/2019 $300,000 02/01/2020 $315,000 02/01/2021 $325,000 02/01/2022 $340,000 02/01/2023 $355,000 02/01/2024 $370,000 02/01/2025 $385,000 02/01/2026 $400,000 02/01/2027 $415,000

GO & Ref Bds Ser 2009Tax Treatment: Bank QualifiedOriginal Issue Amount $9,500,000.00Dated Date: 07/01/2009Sale Date: 07/14/2009Delivery Date: 08/13/2009Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2010

Paying Agent: Wells Fargo Bank, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: SAMCO Capital Markets, Inc.Co-Manager: First Southwest Company

Use of Proceeds: Streets, Refunding, Recreational Facilities.

Refunding Notes: This bond refunded maturities from the following issues:GO Bds Ser 98 Refunded Amount Mat Date Coupon Price Sched Call 255,000.00 02/01/2010 4.400 Par 08/17/2009 270,000.00 02/01/2011 4.375 Par 08/17/2009 285,000.00 02/01/2012 4.375 Par 08/17/2009 300,000.00 02/01/2013 4.375 Par 08/17/2009 315,000.00 02/01/2014 4.375 Par 08/17/2009 335,000.00 02/01/2015 4.375 Par 08/17/2009 355,000.00 02/01/2016 4.375 Par 08/17/2009 375,000.00 02/01/2017 4.375 Par 08/17/2009 395,000.00 02/01/2018 4.375 Par 08/17/2009


02/01/2019 210,000.00 3.5000% 3.510%---------------------------------------------------$210,000.00

Call Option: Non-callable

Refunded Notes: Maturities refunded by GO & Ref Bds Ser 2018 Refunded Amount Mat Date Coupon Price Sched Call 250,000.00 02/01/2020 3.750 Par 02/01/2019 350,000.00 02/01/2022 4.050 Par 02/01/2019 390,000.00 02/01/2024 4.250 Par 02/01/2019 1,160,000.00 02/01/2028 4.500 Par 02/01/2019 2,555,000.00 02/01/2033 5.500 Par 02/01/2019

GO Ref Bds Ser 2010Tax Treatment: Bank QualifiedOriginal Issue Amount $2,865,000.00Dated Date: 10/01/2010Sale Date: 11/02/2010Delivery Date: 11/30/2010Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2011

Paying Agent: Wells Fargo Bank, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: SAMCO Capital Markets, Inc.

Use of Proceeds: Refunding.





Refunding Notes: This bond refunded maturities from the following issues:Comb Tax & Ltd Pledge Rev C/O Ser 2001 Refunded Amount Mat Date Coupon Price Sched Call 225,000.00 02/01/2012 4.400 Par 02/01/2011 235,000.00 02/01/2013 4.500 Par 02/01/2011 250,000.00 02/01/2014 4.600 Par 02/01/2011 260,000.00 02/01/2015 4.700 Par 02/01/2011 275,000.00 02/01/2016 4.800 Par 02/01/2011 290,000.00 02/01/2017 4.900 Par 02/01/2011 300,000.00 02/01/2018 5.000 Par 02/01/2011 320,000.00 02/01/2019 5.000 Par 02/01/2011 335,000.00 02/01/2020 5.000 Par 02/01/2011 350,000.00 02/01/2021 5.000 Par 02/01/2011


02/01/2019 300,000.00 3.0000% 2.650%---------------------------------------------------$300,000.00

Call Option: Bonds maturing on 02/01/2019 callable in whole or in part on any date beginning 02/01/2018 @ par.

Refunded Notes: Maturities refunded by GO & Ref Bds Ser 2018 Refunded Amount Mat Date Coupon Price Sched Call 310,000.00 02/01/2020 4.000 Par 11/28/2018 320,000.00 02/01/2021 4.000 Par 11/28/2018

GO Bds Ser 2011Tax Treatment: Tax ExemptOriginal Issue Amount $8,250,000.00Dated Date: 03/01/2011Sale Date: 03/29/2011Delivery Date: 04/26/2011Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2012

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: SAMCO Capital Markets, Inc.Co-Manager: Piper Jaffray & Co.

Use of Proceeds: Sports Complex, Aquatic Center, Animal Shelter.


02/01/2019 250,000.00 3.5000% 3.010%02/01/2020 260,000.00 4.0000% 3.300%02/01/2021 270,000.00 5.0000% 3.500%02/01/2023T 585,000.00 5.5000% 3.900%02/01/2024 315,000.00 4.0000% 4.130%02/01/2025 330,000.00 4.1250% 4.260%02/01/2026 345,000.00 4.2500% 4.400%02/01/2027 360,000.00 4.3750% 4.500%02/01/2028 375,000.00 4.5000% 4.610%02/01/2029 390,000.00 4.6250% 4.720%02/01/2030 410,000.00 4.7500% 4.800%02/01/2032T 885,000.00 5.0000% 100.00%02/01/2034T 975,000.00 5.0000% 5.050%02/01/2036T 1,080,000.00 5.0000% 5.110%-------------------------------------------------$6,830,000.00

Call Option: Bonds maturing on 02/01/2024 to 02/01/2030 and term bonds maturing on 02/01/2023 and 02/01/2032 and 02/01/2034 and 02/01/2036 callable in whole or

in part on any date beginning 02/01/2021 @ par.

Term Call: Term bonds maturing on 02/01/2023: Mandatory Redemption Date Principal Amount 02/01/2022 $285,000 02/01/2023 $300,000

Term bonds maturing on 02/01/2032: Mandatory Redemption Date Principal Amount 02/01/2031 $430,000 02/01/2032 $455,000



GO Ref Bds Ser 2011Tax Treatment: Tax ExemptOriginal Issue Amount $2,675,000.00Dated Date: 06/01/2011Sale Date: 06/07/2011Delivery Date: 06/30/2011Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 09/01, 03/011st Coupon Date: 03/01/2012

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: SAMCO Capital Markets, Inc.



Refunding Notes: This issue defeased mty(s) 9/1/2012-9/1/2021 of Util Sys Rev & Ref Bds Ser 2001 @ par.


09/01/2019 230,000.00 2.5000% 2.750%09/01/2020 235,000.00 2.7500% 3.000%09/01/2021 240,000.00 3.0000% 3.200%---------------------------------------------------$705,000.00


GO Ref Bds Ser 2011ATax Treatment: Tax ExemptOriginal Issue Amount $6,745,000.00Dated Date: 12/01/2011Sale Date: 11/15/2011Delivery Date: 12/15/2011Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 08/01, 02/01





1st Coupon Date: 02/01/2012

Paying Agent: Compass Bank, Houston, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXPurchaser: Compass Mortgage Corporation, Houston, TX


Refunding Notes: This issue defeased mty(s) 2/1/2014-2/1/2018 of Comb Tax & Ltd Pledge Rev C/O Ser 2003 @ par. This issue defeased mty(s) 02/01/2014-02/01/2022, 02/01/2024 of Comb Tax & Ltd Pledge Rev C/O Ser 2004 @ par.


02/01/2019 485,000.00 2.3300% N/A02/01/2020 475,000.00 2.3300% N/A02/01/2021 485,000.00 2.3300% N/A02/01/2022 670,000.00 2.3300% N/A02/01/2023 675,000.00 2.3300% N/A02/01/2024 660,000.00 2.3300% N/A-------------------------------------------------$3,450,000.00


GO Bds Ser 2012Tax Treatment: Tax ExemptOriginal Issue Amount $7,625,000.00Dated Date: 08/01/2012Sale Date: 08/28/2012Delivery Date: 09/13/2012Sale Type: CompetitiveTIC: 2.8627%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2013

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: Hutchinson Shockey Erley & Co.

Use of Proceeds: Aquatic Center, Sports Complex, Downtown Area.


02/01/2019 345,000.00 2.0000% 1.550%02/01/2020 355,000.00 3.0000% 1.800%02/01/2021 365,000.00 3.0000% 2.000%02/01/2022 375,000.00 2.2500% 2.150%02/01/2023 385,000.00 2.2500% 2.400%02/01/2024 390,000.00 2.5000% 2.600%02/01/2025 400,000.00 2.7000% 2.750%02/01/2026 415,000.00 2.8000% 2.900%02/01/2028T 865,000.00 3.0000% 3.100%02/01/2030T 915,000.00 3.0000% 3.160%02/01/2032T 975,000.00 3.1000% 3.240%-------------------------------------------------$5,785,000.00

Call Option: Bonds maturing on 02/01/2023 to 02/01/2026 and term bonds maturing on 02/01/2028 and 02/01/2030 and 02/01/2032 callable in whole or in part on any date beginning 02/01/2022 @ par.

Term Call: Term bonds maturing on 02/01/2028:

Mandatory Redemption Date Principal Amount 02/01/2027 $425,000 02/01/2028 $440,000



Comb Tax & Ltd Pledge Rev C/O Ser 2013Tax Treatment: Bank QualifiedOriginal Issue Amount $4,965,000.00Dated Date: 09/01/2013Sale Date: 09/10/2013Delivery Date: 10/10/2013Sale Type: CompetitiveTIC: 3.1347%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2014

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski LLPFinancial Advisor: Southwest Securities, San Antonio, TXLead Manager: First Southwest Company

Security : Limited Tax and a Subordinate lien on the Net revenues of the Utilitysystem anticipated to be $1,000.


Use of Proceeds: Public Improvements.


02/01/2019 395,000.00 2.2500% 1.600%02/01/2020 405,000.00 2.5000% 1.900%02/01/2021 415,000.00 3.0000% 2.180%02/01/2022 155,000.00 3.0000% 2.350%02/01/2023 160,000.00 3.0000% 2.550%02/01/2024 165,000.00 3.5000% 2.700%02/01/2025 170,000.00 3.5000% 2.850%02/01/2026 175,000.00 3.5000% 3.000%02/01/2028T 375,000.00 4.0000% 3.400%02/01/2030T 405,000.00 4.0000% 3.800%02/01/2033T 670,000.00 4.0000% 4.150%-------------------------------------------------$3,490,000.00


Term Call: Term bonds maturing on 02/01/2028: Mandatory Redemption Date Principal Amount 02/01/2027 $185,000 02/01/2028 $190,000






Term bonds maturing on 02/01/2033: Mandatory Redemption Date Principal Amount 02/01/2031 $215,000 02/01/2032 $225,000 02/01/2033 $230,000

GO Ref Bds Ser 2013Tax Treatment: Bank QualifiedOriginal Issue Amount $2,160,000.00Dated Date: 09/01/2013Sale Date: 09/10/2013Delivery Date: 10/10/2013Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2014

Paying Agent: Compass Bank, Houston, TXBond Counsel: Fulbright & Jaworski LLPFinancial Advisor: Southwest Securities, San Antonio, TXPurchaser: Compass Bank



Refunding Notes: This bond refunded maturities from the following issues:Comb Tax & Subord Lien Rev C/O Ser 2005Refunded Amount Mat Date Sched Call Price 155,000 02/01/2015 02/01/2014 Par 325,000 02/01/2017 02/01/2014 Par 170,000 02/01/2018 02/01/2014 Par 180,000 02/01/2019 02/01/2014 Par 185,000 02/01/2020 02/01/2014 Par 195,000 02/01/2021 02/01/2014 Par 860,000 02/01/2025 02/01/2014 Par


02/01/2019 190,000.00 2.5800% N/A02/01/2020 190,000.00 2.5800% N/A02/01/2021 200,000.00 2.5800% N/A02/01/2022 205,000.00 2.5800% N/A02/01/2023 205,000.00 2.5800% N/A02/01/2024 215,000.00 2.5800% N/A02/01/2025 215,000.00 2.5800% N/A-------------------------------------------------$1,420,000.00


GO Ref Bds Ser 2014Tax Treatment: Bank QualifiedOriginal Issue Amount $8,450,000.00Dated Date: 05/15/2014Sale Date: 06/03/2014Delivery Date: 06/26/2014Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2015

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski LLP

Financial Advisor: Southwest Securities, San Antonio, TXLead Manager: SAMCO Capital Markets, Inc.Underwriter's Counsel: McCall Parkhurst & Horton L.L.P.Co-Purchaser: Frost Bank


Refunding Notes: This bond refunded maturities from the following issues:GO Bds Ser 2006 Refunded Amount Mat Date Coupon Price Sched Call 1,540,000.00 02/01/2023 5.250 Par 02/01/2016 1,715,000.00 02/01/2025 5.250 Par 02/01/2016 1,900,000.00 02/01/2027 5.250 Par 02/01/2016 3,220,000.00* 02/01/2031 4.625 Par 02/01/2016

* Partial Maturity


02/01/2019 100,000.00 3.0000% 1.250%02/01/2020 100,000.00 3.0000% 1.550%02/01/2021 100,000.00 3.0000% 1.750%02/01/2022 750,000.00 3.0000% 1.900%02/01/2023 775,000.00 3.0000% 2.050%02/01/2024 800,000.00 3.5000% 2.200%02/01/2025 830,000.00 3.5000% 2.400%02/01/2026 860,000.00 3.5000% 2.500%02/01/2027 890,000.00 4.0000% 2.550%02/01/2028 930,000.00 4.0000% 2.650%02/01/2029 960,000.00 4.0000% 2.750%02/01/2030 1,005,000.00 3.5000% 3.100%-------------------------------------------------$8,100,000.00


Tax Notes Ser 2015Tax Treatment: Tax ExemptOriginal Issue Amount $2,125,000.00Dated Date: 12/01/2014Sale Date: 12/16/2014Delivery Date: 01/08/2015Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2015

Paying Agent: Frost Bank, San Antonio, TXBond Counsel: Norton Rose Fulbright US LLPFinancial Advisor: Southwest Securities, San Antonio, TXPurchaser: Frost Bank, San Antonio, TX

Water & Sewer 8.44%EMS Building 42.21%Drainage 37.66%

Use of Proceeds: Public Works.


08/01/2019 340,000.00 1.7500% N/A08/01/2020 345,000.00 1.7500% N/A08/01/2021 190,000.00 1.7500% N/A---------------------------------------------------$875,000.00

Call Option: Non Callable





Tax Notes Ser 2015ATax Treatment: Tax ExemptOriginal Issue Amount $1,020,000.00Dated Date: 10/15/2015Sale Date: 10/27/2015Delivery Date: 11/19/2015Sale Type: Private PlacementRecord Date: MSRBBond Form: FRDenomination $100,000Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2016

Paying Agent: First National Bank Texas, Killeen, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, San Antonio, TXPurchaser: First National Bank Texas

Use of Proceeds: Fire Truck.


08/01/2019 150,000.00 1.5400% N/A08/01/2020 150,000.00 1.5400% N/A08/01/2021 150,000.00 1.5400% N/A08/01/2022 155,000.00 1.5400% N/A---------------------------------------------------$605,000.00


GO Ref Bds Ser 2015Tax Treatment: Tax ExemptOriginal Issue Amount $4,185,000.00Dated Date: 11/01/2015Sale Date: 11/17/2015Delivery Date: 12/15/2015Sale Type: CompetitiveTIC: 2.6015%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2016

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: BOSC, Inc.


Refunding Notes: This bond refunded maturities from the following issues:GO Bds Ser 2006 Refunded Amount Mat Date Coupon Price Sched Call 425,000.00 02/01/2017 4.125 Par 02/01/2016 475,000.00 02/01/2018 4.200 Par 02/01/2016 655,000.00 02/01/2019 4.300 Par 02/01/2016 685,000.00 02/01/2020 4.375 Par 02/01/2016 715,000.00 02/01/2021 4.400 Par 02/01/2016 1,175,000.00** 02/01/2031 4.625 Par 02/01/2016

** Remainder


02/01/2019 660,000.00 2.0000% 1.150%

02/01/2020 675,000.00 2.5000% 1.360%02/01/2021 690,000.00 3.0000% 1.550%02/01/2031 1,140,000.00 3.2500% 3.400%-------------------------------------------------$3,165,000.00

Call Option: Bonds maturing on 02/01/2031 callable in whole or in part on any date beginning 02/01/2025 @ par.

Comb Tax & Ltd Pledge Rev C/O Ser 2016ATax Treatment: Tax ExemptOriginal Issue Amount $2,375,000.00Dated Date: 08/01/2016Sale Date: 08/02/2016Delivery Date: 09/01/2016Sale Type: CompetitiveTIC: 2.2663%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2017

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Fidelity Capital MarketsCo-Manager: City SecuritiesCo-Manager: Jefferies LLCCo-Manager: Morgan StanleyCo-Manager: Raymond James

Security : Limited Tax and a Subordinate lien on the Net revenues of the Utilitysystem not to exceed $1,000.



02/01/2019 175,000.00 4.0000% 0.840%02/01/2020 180,000.00 4.0000% 0.980%02/01/2021 190,000.00 4.0000% 1.070%02/01/2022 195,000.00 4.0000% 1.240%02/01/2023 205,000.00 4.0000% 1.400%02/01/2024 70,000.00 3.0000% 1.530%02/01/2025 75,000.00 3.0000% 1.670%02/01/2026 75,000.00 3.0000% 1.820%02/01/2027 80,000.00 2.0000% 2.020%02/01/2028 80,000.00 2.0000% 2.150%02/01/2029 80,000.00 2.1250% 2.300%02/01/2030 85,000.00 2.2500% 2.400%02/01/2031 85,000.00 2.3750% 2.500%02/01/2032 90,000.00 2.3750% 2.600%02/01/2033 90,000.00 2.5000% 2.650%02/01/2036T 285,000.00 3.0000% 100.00%-------------------------------------------------$2,040,000.00

Call Option: Bonds maturing on 02/01/2027 to 02/01/2033 and term bonds maturing on 02/01/2036 callable in whole or in part on any date beginning 02/01/2026 @ par.

Term Call: Term bonds maturing on 02/01/2036 subject to mandatory redemption as follows: Redemption Date Principal Amount 02/01/2034 $90,000 02/01/2035 $95,000 02/01/2036 $100,000 ------------ $285,000





Comb Tax & Ltd Pledge Rev C/O Taxable Ser 2016BTax Treatment: TaxableOriginal Issue Amount $1,475,000.00Dated Date: 08/01/2016Sale Date: 08/02/2016Delivery Date: 09/01/2016Sale Type: CompetitiveTIC: 3.1726%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2017

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Robert W. Baird & Co., Inc.Co-Manager: Alamo CapitalCo-Manager: CL King & AssociatesCo-Manager: Crews & Associates, Inc.Co-Manager: Cronin & Co.Co-Manager: Davenport & Co. LLCCo-Manager: Duncan-Williams, Inc.Co-Manager: Edward JonesCo-Manager: First Empire SecuritiesCo-Manager: FMSbonds, Inc.Co-Manager: FTN FinancialCo-Manager: IFS Securities, Inc.Co-Manager: Isaak BondCo-Manager: Loop Capital Markets LLCCo-Manager: Midland Securities, LtdCo-Manager: Oppenheimer & Co. Inc.Co-Manager: R. Seelaus & Co., Inc.Co-Manager: Rafferty Capital Markets, LLCCo-Manager: Ross, Sinclaire & Associates, Inc.Co-Manager: Sierra PacificCo-Manager: SumRidge Partners, LLCCo-Manager: W. H. Mell Associates, IncCo-Manager: Wayne Hummer InvestmentsCo-Manager: Wedbush Morgan SecuritiesCo-Manager: WNJ Capital

Security : Limited Tax and a Subordinate lien on the Net revenues of the Utilitysystem.

Use of Proceeds: Aquatic Center.


02/01/2019 55,000.00 3.0000% 1.250%02/01/2020 60,000.00 3.0000% 1.450%02/01/2021 60,000.00 3.0000% 1.650%02/01/2022 60,000.00 3.0000% 1.800%02/01/2023 65,000.00 3.0000% 2.000%02/01/2024 65,000.00 3.0000% 2.200%02/01/2025 70,000.00 3.0000% 2.350%02/01/2026 70,000.00 3.0000% 2.500%02/01/2031T 395,000.00 3.5000% 2.800%02/01/2036T 465,000.00 3.7500% 3.000%-------------------------------------------------$1,365,000.00

Call Option: Term bonds maturing on 02/01/2031 and 02/01/2036 callable in whole or in part on any date beginning 02/01/2026 @ par.

Term Call: Term bonds maturing on 02/01/2031 subject to mandatory redemption as follows: Redemption Date Principal Amount 02/01/2027 $75,000

02/01/2028 $75,000 02/01/2029 $80,000 02/01/2030 $80,000 02/01/2031 $85,000 ------------ $395,000

Term bonds maturing on 02/01/2036 subject to mandatory redemption as follows: Redemption Date Principal Amount 02/01/2032 $85,000 02/01/2033 $90,000 02/01/2034 $95,000 02/01/2035 $95,000 02/01/2036 $100,000 ------------ $465,000

GO Bds Ser 2016Tax Treatment: Tax ExemptOriginal Issue Amount $5,880,000.00Dated Date: 08/01/2016Sale Date: 08/02/2016Delivery Date: 09/01/2016Sale Type: CompetitiveTIC: 2.4799%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2017

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Fidelity Capital MarketsCo-Manager: City SecuritiesCo-Manager: Jefferies LLCCo-Manager: Morgan StanleyCo-Manager: Raymond James

Use of Proceeds: Streets & Drainage.


02/01/2019 215,000.00 4.0000% 0.840%02/01/2020 225,000.00 4.0000% 0.980%02/01/2021 235,000.00 4.0000% 1.070%02/01/2022 245,000.00 4.0000% 1.240%02/01/2023 255,000.00 4.0000% 1.400%02/01/2024 265,000.00 4.0000% 1.530%02/01/2025 275,000.00 4.0000% 1.670%02/01/2026 285,000.00 4.0000% 1.820%02/01/2027 295,000.00 2.0000% 2.020%02/01/2028 300,000.00 2.0000% 2.150%02/01/2029 305,000.00 2.1250% 2.300%02/01/2030 310,000.00 2.2500% 2.400%02/01/2031 320,000.00 2.3750% 2.500%02/01/2032 330,000.00 2.5000% 2.600%02/01/2033 335,000.00 3.0000% 2.700%02/01/2036T 1,075,000.00 3.0000% 100.00%-------------------------------------------------$5,270,000.00

Call Option: Bonds maturing on 02/01/2027 to 02/01/2033 and term bonds maturing on 02/01/2036 callable in whole or in part on any date beginning 02/01/2026 @ par.

Term Call: Term bonds maturing on 02/01/2036 subject to mandatory redemption as follows: Redemption Date Principal Amount





02/01/2034 $345,000 02/01/2035 $360,000 02/01/2036 $370,000 ------------ $1,075,000

Comb Tax & Ltd Pledge Rev C/O Ser 2017Tax Treatment: Bank QualifiedOriginal Issue Amount $5,475,000.00Dated Date: 05/15/2017Sale Date: 05/23/2017Delivery Date: 06/20/2017Sale Type: CompetitiveTIC: 2.6239%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2018

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Robert W. Baird & Co., Inc.Co-Manager: Alamo CapitalCo-Manager: CL King & AssociatesCo-Manager: Commerce BankCo-Manager: Country Club BankCo-Manager: Davenport & Co. LLCCo-Manager: Dougherty & Company LLCCo-Manager: Duncan-Williams, Inc.Co-Manager: Edward JonesCo-Manager: First Empire SecuritiesCo-Manager: First Kentucky SecuritiesCo-Manager: FMSbonds, Inc.Co-Manager: IFS Securities, Inc.Co-Manager: Isaak BondCo-Manager: Loop Capital Markets LLCCo-Manager: Midland Securities, LtdCo-Manager: Oppenheimer & Co. Inc.Co-Manager: Rafferty Capital Markets, LLCCo-Manager: Ross, Sinclaire & Associates, Inc.Co-Manager: Sierra PacificCo-Manager: Stephens Inc.Co-Manager: SumRidge Partners, LLCCo-Manager: UMB BankCo-Manager: Vining-Sparks IBGCo-Manager: W. H. Mell Associates, IncCo-Manager: Wayne Hummer InvestmentsCo-Manager: Wedbush SecuritiesCo-Manager: WNJ Capital




02/01/2019 385,000.00 3.0000% 1.050%02/01/2020 400,000.00 3.0000% 1.190%02/01/2021 405,000.00 3.0000% 1.350%02/01/2022 420,000.00 3.0000% 1.500%02/01/2023 315,000.00 3.0000% 1.650%02/01/2024 325,000.00 3.0000% 1.750%02/01/2025 185,000.00 3.0000% 1.900%02/01/2026 190,000.00 3.0000% 2.000%02/01/2027 195,000.00 3.0000% 2.150%02/01/2028 200,000.00 3.0000% 2.300%

02/01/2029 205,000.00 3.0000% 2.400%02/01/2030 215,000.00 3.0000% 2.500%02/01/2031 220,000.00 3.0000% 2.600%02/01/2033T 460,000.00 3.0000% 2.800%02/01/2035T 490,000.00 3.2500% 3.000%02/01/2037T 520,000.00 3.2500% 3.150%-------------------------------------------------$5,130,000.00


Term Call: Term bonds maturing on 02/01/2033 subject to mandatory redemption as follows: Redemption Date Principal Amount 02/01/2032 $225,000 02/01/2033 $235,000 ------------ $460,000

Term bonds maturing on 02/01/2035 subject to mandatory redemption as follows: Redemption Date Principal Amount 02/01/2034 $240,000 02/01/2035 $250,000 ------------ $490,000


GO Bds Ser 2017Tax Treatment: Bank QualifiedOriginal Issue Amount $3,935,000.00Dated Date: 05/15/2017Sale Date: 05/23/2017Delivery Date: 06/20/2017Sale Type: CompetitiveTIC: 2.7797%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2018

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Robert W. Baird & Co., Inc.Co-Manager: Alamo CapitalCo-Manager: CL King & AssociatesCo-Manager: Commerce BankCo-Manager: Country Club BankCo-Manager: Davenport & Co. LLCCo-Manager: Dougherty & Company LLCCo-Manager: Duncan-Williams, Inc.Co-Manager: Edward JonesCo-Manager: First Empire SecuritiesCo-Manager: First Kentucky SecuritiesCo-Manager: FMSbonds, Inc.Co-Manager: IFS Securities, Inc.Co-Manager: Isaak BondCo-Manager: Loop Capital Markets LLCCo-Manager: Midland Securities, LtdCo-Manager: Oppenheimer & Co. Inc.Co-Manager: Rafferty Capital Markets, LLCCo-Manager: Ross, Sinclaire & Associates, Inc.





Co-Manager: Stephens Inc.Co-Manager: SumRidge Partners, LLCCo-Manager: UMB BankCo-Manager: Vining-Sparks IBGCo-Manager: W. H. Mell Associates, IncCo-Manager: Wayne Hummer InvestmentsCo-Manager: Wedbush SecuritiesCo-Manager: WNJ CapitalCo-Manager: Sierra Pacific

Use of Proceeds: Public Safety.


02/01/2019 150,000.00 3.0000% 1.090%02/01/2020 155,000.00 3.0000% 1.190%02/01/2021 160,000.00 3.0000% 1.350%02/01/2022 165,000.00 3.0000% 1.500%02/01/2023 170,000.00 3.0000% 1.650%02/01/2024 175,000.00 3.0000% 1.750%02/01/2025 180,000.00 3.0000% 1.900%02/01/2026 185,000.00 3.0000% 2.000%02/01/2027 190,000.00 3.0000% 2.150%02/01/2028 195,000.00 3.0000% 2.300%02/01/2029 205,000.00 3.0000% 2.400%02/01/2030 210,000.00 3.0000% 2.500%02/01/2031 215,000.00 3.0000% 2.600%02/01/2033T 455,000.00 3.0000% 2.800%02/01/2035T 480,000.00 3.2500% 3.000%02/01/2037T 510,000.00 3.2500% 3.150%-------------------------------------------------$3,800,000.00





GO Ref Bds Ser 2018Tax Treatment: Bank QualifiedOriginal Issue Amount $6,035,000.00Dated Date: 12/15/2017Sale Date: 12/12/2017Delivery Date: 01/04/2018Sale Type: Private PlacementTIC: 2.1198%Record Date: MSRBBond Form: FRDenomination $100,000

Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2018

Paying Agent: First National Bank Texas, Killeen, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXPurchaser: First National Bank Texas, Killeen, TX


Refunding Notes: This bond refunded maturities from the following issues:GO Bds Ser 2008 Refunded Amount Mat Date Coupon Price Sched Call 500,000.00 02/01/2019 4.130 Par 02/01/2018 520,000.00 02/01/2020 4.130 Par 02/01/2018 540,000.00 02/01/2021 4.130 Par 02/01/2018 565,000.00 02/01/2022 4.130 Par 02/01/2018 585,000.00 02/01/2023 4.130 Par 02/01/2018 610,000.00 02/01/2024 4.130 Par 02/01/2018 640,000.00 02/01/2025 4.130 Par 02/01/2018 665,000.00 02/01/2026 4.130 Par 02/01/2018 690,000.00 02/01/2027 4.130 Par 02/01/2018 720,000.00 02/01/2028 4.130 Par 02/01/2018


02/01/2019 550,000.00 2.1200% 100.00%02/01/2020 560,000.00 2.1200% 100.00%02/01/2021 570,000.00 2.1200% 100.00%02/01/2022 585,000.00 2.1200% 100.00%02/01/2023 595,000.00 2.1200% 100.00%02/01/2024 610,000.00 2.1200% 100.00%02/01/2025 625,000.00 2.1200% 100.00%02/01/2026 635,000.00 2.1200% 100.00%02/01/2027 645,000.00 2.1200% 100.00%02/01/2028 660,000.00 2.1200% 100.00%-------------------------------------------------$6,035,000.00


Comb Tax & Ltd Pledge Rev C/O Ser 2018Tax Treatment: Tax ExemptOriginal Issue Amount $10,440,000.00Dated Date: 07/01/2018Sale Date: 07/10/2018Delivery Date: 08/08/2018Sale Type: CompetitiveTIC: 3.1999%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2019

Paying Agent: UMB Bank, N.A., Dallas, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Morgan StanleyCo-Manager: Fidelity Capital MarketsCo-Manager: Raymond JamesCo-Manager: UBS Financial Services, Inc.Co-Manager: Ziegler Securities Inc.









02/01/2019 385,000.00 5.0000% 1.550%02/01/2020 405,000.00 5.0000% 1.750%02/01/2021 430,000.00 5.0000% 1.900%02/01/2022 450,000.00 5.0000% 2.020%02/01/2023 475,000.00 5.0000% 2.130%02/01/2024 495,000.00 5.0000% 2.240%02/01/2025 520,000.00 5.0000% 2.380%02/01/2026 435,000.00 5.0000% 2.500%02/01/2027 455,000.00 5.0000% 2.590%02/01/2028 480,000.00 5.0000% 2.640%02/01/2029 505,000.00 5.0000% 2.680%02/01/2030 525,000.00 4.0000% 2.850%02/01/2031 545,000.00 3.0000% 3.150%02/01/2032 560,000.00 3.0000% 3.250%02/01/2033 580,000.00 3.1250% 3.300%02/01/2034 595,000.00 3.2500% 3.350%02/01/2035 620,000.00 3.2500% 3.400%02/01/2036 640,000.00 3.3750% 3.452%02/01/2037 660,000.00 3.3750% 3.486%02/01/2038 680,000.00 3.5000% 100.00%------------------------------------------------$10,440,000.00


GO & Ref Bds Ser 2018Tax Treatment: Tax ExemptOriginal Issue Amount $8,570,000.00Dated Date: 10/15/2018Sale Date: 10/23/2018Delivery Date: 11/27/2018Sale Type: CompetitiveTIC: 3.0987%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2019

Paying Agent: UMB Bank, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Citigroup Global Markets Inc.Co-Manager: Academy SecuritiesCo-Manager: Amuni Financial Inc.Co-Manager: Drexel Hamilton, LLCCo-Manager: Estrada Hinojosa & Company, Inc.Co-Manager: George K. Baum & CompanyCo-Manager: Intercoastal Capital Markets Inc.Co-Manager: Protective SecuritiesCo-Manager: Ramirez & Co., Inc.Co-Manager: Roosevelt & CrossCo-Manager: Siebert Cisneros Shank & Co., L.L.C.Co-Manager: UMB BankCo-Manager: Wells Nelson & Associates, LLCCo-Manager: Wiley Bros. Aintree Capital


Use of Proceeds: Refunding, Street & Bridge.

Refunding Notes: This bond refunded maturities from the following issues:Comb Tax & Ltd Pledge Rev C/O Ser 2007 Refunded Amount Mat Date Coupon Price Sched Call 370,000.00 08/01/2020 4.010 Par 11/28/2018

385,000.00 08/01/2021 4.010 Par 11/28/2018 400,000.00 08/01/2022 4.010 Par 11/28/2018 420,000.00 08/01/2023 4.010 Par 11/28/2018 435,000.00 08/01/2024 4.010 Par 11/28/2018 455,000.00 08/01/2025 4.010 Par 11/28/2018 470,000.00 08/01/2026 4.010 Par 11/28/2018

GO & Ref Bds Ser 2009 Refunded Amount Mat Date Coupon Price Sched Call 250,000.00 02/01/2020 3.750 Par 02/01/2019 350,000.00 02/01/2022 4.050 Par 02/01/2019 390,000.00 02/01/2024 4.250 Par 02/01/2019 1,160,000.00 02/01/2028 4.500 Par 02/01/2019 2,555,000.00 02/01/2033 5.500 Par 02/01/2019

GO Ref Bds Ser 2010 Refunded Amount Mat Date Coupon Price Sched Call 310,000.00 02/01/2020 4.000 Par 11/28/2018 320,000.00 02/01/2021 4.000 Par 11/28/2018


02/01/2019 95,000.00 5.0000% 1.920%02/01/2020 915,000.00 5.0000% 2.110%02/01/2021 880,000.00 5.0000% 2.180%02/01/2022 555,000.00 5.0000% 2.270%02/01/2023 595,000.00 5.0000% 2.380%02/01/2024 660,000.00 5.0000% 2.480%02/01/2025 670,000.00 5.0000% 2.600%02/01/2026 700,000.00 5.0000% 2.720%02/01/2027 260,000.00 5.0000% 2.840%02/01/2028 570,000.00 4.0000% 3.000%02/01/2029 495,000.00 4.0000% 3.120%02/01/2030 515,000.00 4.0000% 3.220%02/01/2031 535,000.00 3.1250% 3.402%02/01/2032 555,000.00 3.2500% 3.524%02/01/2033 570,000.00 3.3750% 3.601%-------------------------------------------------$8,570,000.00


Grand Total ===============> $81,145,000.00

Bond Debt Service

Period Ending Principal Interest Debt Service---------------------------------------------------------09/30/19 6,320,000.00 2,670,829.66 8,990,829.66 09/30/20 6,405,000.00 2,512,111.25 8,917,111.25 09/30/21 6,360,000.00 2,299,309.25 8,659,309.25 09/30/22 5,610,000.00 2,091,862.00 7,701,862.00 09/30/23 5,530,000.00 1,901,828.00 7,431,828.00 09/30/24 5,580,000.00 1,710,761.75 7,290,761.75 09/30/25 4,930,000.00 1,524,701.75 6,454,701.75 09/30/26 4,770,000.00 1,346,862.50 6,116,862.50 09/30/27 4,470,000.00 1,179,118.00 5,649,118.00 09/30/28 4,495,000.00 1,020,502.25 5,515,502.25 09/30/29 3,875,000.00 868,496.88 4,743,496.88 09/30/30 4,025,000.00 723,943.75 4,748,943.75 09/30/31 4,270,000.00 582,153.75 4,852,153.75 09/30/32 3,245,000.00 457,278.75 3,702,278.75 09/30/33 2,835,000.00 352,806.25 3,187,806.25 09/30/34 2,100,000.00 264,643.75 2,364,643.75 09/30/35 2,190,000.00 186,600.00 2,376,600.00 09/30/36 2,270,000.00 104,943.75 2,374,943.75 09/30/37 1,185,000.00 43,468.75 1,228,468.75





09/30/38 680,000.00 11,900.00 691,900.00 --------------------------------------------------------- 81,145,000.00 21,854,122.03 102,999,122.03=========================================================

COMPUTED ON BASIS OF MANDATORY REDEMPTION

Debt Amortization Rates % of PrincipalPeriod Ending Principal Retired

09/30/2019 6,320,000.00 07.79% 09/30/2020 6,405,000.00 15.68% 09/30/2021 6,360,000.00 23.52% 09/30/2022 5,610,000.00 30.43% 09/30/2023 5,530,000.00 37.25% 09/30/2024 5,580,000.00 44.12% 09/30/2025 4,930,000.00 50.20% 09/30/2026 4,770,000.00 56.08% 09/30/2027 4,470,000.00 61.59% 09/30/2028 4,495,000.00 67.13% 09/30/2029 3,875,000.00 71.90% 09/30/2030 4,025,000.00 76.86% 09/30/2031 4,270,000.00 82.12% 09/30/2032 3,245,000.00 86.12% 09/30/2033 2,835,000.00 89.62% 09/30/2034 2,100,000.00 92.21% 09/30/2035 2,190,000.00 94.90% 09/30/2036 2,270,000.00 97.70% 09/30/2037 1,185,000.00 99.16% 09/30/2038 680,000.00 100.00%

DEBT SERVICE FUND MANAGEMENT INDEX

G.O. Debt Service Requirements for fiscal year-ending 09/30/2019 $8,990,830I&S Fds all G.O. issues 09/30/2018 $1,099,8582018 I&S Fund Tax Levy @ 90% 6,018,890Water & Sewer 1,957,577EMS Building 149,977Drainage 133,811

OPERATING STATEMENT

SCHERTZ EMS OPERATING EXPERIENCES The following condensed statements have been compiled using accounting principles customarily employed in the determination of net revenues available for debt service, and in all instances exclude depreciation, transfers, debt service payments and expenditures identified as capital.

Fiscal Year Ended 09-30-2018 09-30-2017 09-30-2016 09-30-2015Revenues:Fees & Charges $6,092,559 $6,366,894 $5,921,223 $4,415,126Other 10,640 3,649 814 1,014 -------- -------- -------- --------Total Revenues $6,103,199 $6,370,543 $5,922,037 $4,416,140

Expenses $5,726,157 $5,649,614 $4,681,742 $4,467,869

Available ForDebt Service $377,042 $720,929 $1,240,295 ($51,729)*

* The EMS had a deficit net positon. The City planned to remedy this deficit with a review of expenditures as well as an increase in fees from participants.

AUTHORIZED BUT UNISSUED

GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED*

Election Amount IssuedDate Purpose Authorized To Date Unissued

11/03/15 Public Safety $8,000,000 $8,000,000 $0 11/03/15 Street & Bridge 7,000,000 2,605,000 4,395,000 ___________ ___________ ___________Total: $15,000,000 $10,605,000 $4,395,000

* Excludes authorizations from the following election proposition(s) because theremaining authorization is deemed too small or too old:

12/16/1961- $14,000 Sewer 07/18/1970- $250,000 Sewer 08/09/1997- $595 Fire Improvements 08/09/1997- $330 Hospital

PENSION FUND LIABILITY

All qualified employees of the City are members of the Texas Municipal Retirement System. The City employees also participate in the U.S. Social Security program.

Required Contribution Rates (Percentage of gross covered salary) 2019 2018 Employee: 7.00% 7.00% City: 16.16% 16.14%

Actuarial Valuation as of 12/31/2017 12/31/2016 Assets $49,347,226 $44,121,457 Accrued Liabilities $66,054,349 $60,296,483 -------------- --------------(Unfunded)/Overfunded Liab. ($16,707,123) ($16,175,026)

Funded Ratio 74.71% 73.17% Annual Covered Payroll $17,603,310 $16,478,620 (Unfunded)/Overfunded Liability as a % of Covered Payroll (94.91)% (98.16)%

Pension Liability - Beginning $60,296,483 $55,119,232Pension Liability - Ending (a) $66,054,349 $60,296,483 -------------- --------------Contributions Employer $2,793,644 $2,627,335Contributions Employee $1,232,232 $1,152,864 -------------- -------------- Plan Fiduciary Net Position Beg $43,270,388 $38,499,857Plan Fiduciary Net Position End (b) $51,419,640 $43,270,388

Net Pension Liability (a) - (b) (Pension Liab - Fiduciary Position) $14,634,709 $17,026,095

Plan Fiduciary Net Position as a % of Total Pension Liability 77.84% 71.76%

Covered Employee Payroll 17,603,310 16,478,620

Net Pension Liability as a % of Covered Payroll 83.14% 103.32%

Membership DataInactive employees or beneficiaries currently receiving benefits 98 84Inactive employees entitled to but not yet receiving benefits 166 155Active employees 322 317 -------------- --------------Total 586 556





Source: Texas Municipal Retirement System.

POST EMPLOYMENT HEALTH BENEFITS: GASB STATEMENT 45 GASB released the Statement of Governmental Accounting Standards No. 45 (GASB 45), Accounting and Financial Reporting by Employers for Post Employment Benefits Other Than Pensions (OPEB), in June 2004. The City has implemented GASB 45 for the fiscal year ending September 30, 2014. GASB 45 sets forth standards for measurement, recognition, and display of post-employment benefits, other than pensions, such as health andlife insurance for current and future retirees.

Measurement Year 2018 Net change in total OPEB liability $103,785Total OPEB liability - Beg. $519,156 ----------Total OPEB liability - Ending $622,941

Covered employee payroll $17,603,310Total OPEB liability as a %age of covered employee payroll 3.54%

SUPPLEMENTAL DEATH BENEFIT PLAN SUPPLEMENTAL DEATH BENEFIT PLAN The City also participates in the cost sharing multiple-employer defined benefit group-term life insurance plan operated by TMRS known as the Supplemental Death Benefits Fund (SDBF). The City elected, by ordinance, to provide group-term life insurance coverage to both current and retired employees.

The death benefit for active employees provides a lump-sum payment approximatelyequal to the employee's annual salary; retired employees are insured for $7,500;this coverage is an "other postemployment benefit." Source: City of Schertz CAFR 9-30-2018.

NON FUNDED DEBT

NON-FUNDED DEBT PAYABLE (As of September 30, 2018)

The City reports additional debt in the principal amount of $2,701,398 under Emergency Medical Services and $14,398,565 under Govt Activities as follows:

Amount Next Year's Reported Outstanding Requirements Under ______________________________________________________________________

Compensated Absences $191,420 N/A Emergency Medical ServicesOPEB* $411,613 N/A Emergency Medical ServicesPension Liability* $2,098,365 N/A Emergency Medical ServicesCapital Lease $34,264 $8,565**Govt Activities Compensated Absences $1,227,324 N/A Govt Activities Pension Liability* $11,113,219 N/A Govt Activities OPEB* $2,023,758 N/A Govt Activities

* See PENSION FUND LIABILITY section for details of this obligation.** Amount excludes interest

OVERLAPPING DEBT

ESTIMATED OVERLAPPING DEBT STATEMENT

Taxing Body Debt Amount As Of %Ovlpg Ovlpg Amt

Alamo CCD $470,915,000 * 02/28/19 0.29 $1,365,654Bexar Co 1,469,227,300 09/30/17 0.29 4,260,759Bexar Co Hosp Dist 840,300,000 * 02/28/19 0.29 2,436,870Comal Co 138,670,000 10/01/18 4.84 6,711,628Comal ISD 747,720,504 * 02/28/19 4.92 36,787,849Guadalupe Co 11,570,000 * 02/28/19 20.26 2,344,082Schertz-Cibolo-Universal City ISD 402,091,192 10/01/18 48.79 196,180,293 -----------Total Overlapping Debt: $250,087,134

Schertz, City of 09/30/18 $64,984,244 -----------Total Direct and Overlapping Debt: $315,071,378

Total Direct and Overlapping Debt % of A.V.: 7.77%Total Direct and Overlapping Debt per Capita: $7,859

* Gross Debt

MATERIAL EVENTS AND OTHER FILINGS

This section contains excerpt(s) from or a summary of filings made by or on behalf of the issuer. The information below is an extract or summary only. The complete filing should be viewed on the Texas MAC website (www.mactexas.com) or the Electronic Municipal Market Access (EMMA) System of the Municipal SecuritiesRulemaking Board (https://emma.msrb.org/). See TMR disclaimer at the bottom of this page.

11/16/2015 - Standard & Poor's Underlying: Upgrade on 05/28/2014

"On May 28, 2014, Standard and Poor’s ("S&P") upgraded the rating on the City’s existing general obligation debt from "AA" to "AA+".

"Notice of this event was timely filed on May 28, 2014, but was inadvertently associated with the wrong base CUSIP for outstanding City debt. Accordingly, this filing is made to correct this technical error."


"Standard & Poor’s Rating Services upgraded the rating for the general obligation debt of Bexar County from "AA+" (Positive Outlook) to "AAA" (Stable Outlook), due primarily to the county's consistent trend of improved budgetary performance and the continued growth and diversification of the county's economic base."

05/28/2014 - S&P Underlying Rating Upgrade

"Standard & Poor's Ratings Services raised its rating on Schertz, Texas' generalobligation (GO) debt one notch to 'AA+' from 'AA'. The stable outlook reflects Standard & Poor's opinion of Schertz's very strong budget flexibility and liquidity, supported by a strong management team and economy."

ECONOMIC BACKGROUND

The City of Schertz is a retail center and fast-growing suburb located approximately 20 miles northeast of San Antonio and is between the Cities of SanAntonio and New Braunfels, on Interstate 35 and FM 78 and on Interstate 10, between San Antonio and Seguin. The City is near the center of the San Antonio Metropolitan Statistical Area. The City serves an agricultural area in the process of transforming into an urban setting with rapid growth. The City is located in Guadalupe County with a portion extending into Bexar and Comal Counties. The City's 2010 census was 31,465, increasing 68.32% since 2000. COUNTY CHARACTERISTICS: Guadalupe County was created and organized in 1846 from Bexar and Gonzales Counties and named after the Guadalupe River, which runs through the middle. The county is located in south central Texas and traversed by Interstate Highways 10 and 35.

COUNTY SEAT: Seguin

2010 census: 131,533 increasing 47.8% since 20002000 census: 89,023 increasing 37.2% since 19901990 census: 64,873

ECONOMIC BASEMineral: oil, gravel, gas and clay.

Industry: varied manufacturing and agribusiness.





Agricultural: wheat, pecans, nursery crops, milo, hay, cotton, corn and cattle.

OIL AND GAS - 2018The oil production for this county accounts for 0.06% of the total state production. The county ranks 88 out of all the counties in Texas for oil production.

OIL PRODUCTION (Texas Railroad Commission)Year Description Volume % Change From Previous Year2015 Oil 741,580 BBL -17.31 2016 Oil 708,784 BBL -4.42 2017 Oil 658,374 BBL -7.11 2018 Oil 648,064 BBL -1.57

CASINGHEAD (Texas Railroad Commission)Year Description Volume % Change From Previous Year2015 Casinghead 35,184 MCF -19.20 2016 Casinghead 38,784 MCF 10.23 2017 Casinghead 10,649 MCF -72.54 2018 Casinghead 10 MCF -99.91

RETAIL SALES & EFFECTIVE BUYING INCOME (The Nielsen Company)Year 2018 2017 2016 Retail Sales $2.9B $1.3B $1.4B Effective Buying Income (EBI) $4.0B $3.8B $3.4B County Median Household Income $59,902 $56,645 $53,189 State Median Household Income $61,175 $57,227 $55,352 % of Households with EBI below $25K 16.3% 16.6% 9.4% % of Households with EBI above $25K 70.3% 71.5% 70.9%

EMPLOYMENT DATA (Texas Workforce Commission) 2018 2017 2016 Employed Earnings Employed Earnings Employed Earnings 1st Q: 41,005 $449.6M 39,254 $403.6M 37,487 $366.6M 2nd Q: 41,561 $457.7M 40,377 $426.3M 38,428 $383.1M 3rd Q: 41,703 $450.2M 41,313 $428.6M 38,632 $397.6M 4th Q: N/A N/A 41,556 $455.3M 39,745 $416.4M

MAJOR COLLEGES AND UNIVERSITIES: Texas Lutheran University

COLLEGES AND UNIVERSITIESYear Total Fall Enrollment2018 1 1,447 2017 1 1,394 2016 1 1,295 2015 1 1,373 2014 1 1,319 2013 1 1,338 2012 1 1,317 2011 1 1,415 2010 1 1,340 2009 1 1,387 2008 1 1,432

TOP EMPLOYERS

Major Employers # Employees

Schertz/Cibolo/UC ISD 1,837 Education Amazon.com 900 Online Retail Sysco Central Texas 807 Food Distributor Baker Hughes, a GE Company 500 Oil & Gas The Brandt Companies, LLC 476 Engineering FedEx Ground 462 Package Shipping Company Visionworks 396

Optical Goods Republic Beverage Company 372 Beverage Services HEB Grocery Co. 350 Grocery Store City of Schertz 316 Government

Source: City of Schertz CAFR dated September 30, 2018.

TOP TAXPAYERS

Principal Taxpayers 2018 A.V. % of A.V.

1. Caterpillar $127,829,440 3.15% Equipment 2. Sysco Central Texas 108,437,649 2.67% Food Packaging/Processing 3. Amazon LLC 64,043,532 1.58% Wholesale Supplier/Distribution Center 4. US Real Estate LP 60,564,813 1.49% Commercial Land 5. Republic Beverage Co. 56,088,100 1.38% Wholesale Supplier/Distribution Center 6. Colfin 2018-3 Industrial Owner LLC 44,527,470 1.10% Commercial Land 7. Shell US Gas & Power LLC 37,942,000 0.94% Oil & Gas 8. GE Oil & Gas Inc. 28,301,316 0.70% Oil & Gas 9. SA WFR Partners LLC 26,108,900 0.64% Apartments 10. EM LP 20,176,800 0.50% Commercial Land ---------- ------ Total: $574,020,020 14.15%

FINANCE CONNECTED OFFICIALS

MayorMichael Carpenter 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1040Fax: [email protected]

City ManagerDr. Mark Browne 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1000Fax: [email protected]

City SecretaryBrenda Dennis 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1030Fax: [email protected]

Director of FinanceJames Walters 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1140Fax: 210-619-1039





[email protected]

Tax Assessor/CollectorDaryl John Guadalupe County Tax Office307 W Court St.Seguin, TX 78155Phone: 830-303-3421Fax: [email protected]

Chief AppraiserJamie Osborne Guadalupe Appraisal District3000 N Austin St.Seguin, TX 78155Phone: 830-303-3313Fax: [email protected]

Chief AppraiserRufino Lozano Comal County Appraisal District900 S. Seguin Ave.New Braunfels, TX 78131Phone: 830-625-8597Fax: [email protected]

Chief AppraiserMichael Amezquita Bexar County Appraisal District411 N. FrioSan Antonio, Tx 78207Phone: 210-224-8511Fax: [email protected]

CF

Schertz/Seguin Local Government Corp Texas Municipal Reports©

(San Antonio Water System Expansion) Last Revised: 10/24/2018TMR # 2854

Guadalupe County Page 1 of 4


FINANCIAL STATEMENT

FOR OTHER BONDS FOR THIS ISSUER, SEE SEPARATE MUNICIPAL REPORTS


Special Obligation Debt Senior Lien $23,660,000

PAYMENT RECORD

Never defaulted.


Details of Senior Lien Debt (Outstanding 9/30/2017)

Contract Rev Bds Ser 2012 (San Antonio Water System Expansion Water Treatment Project 2)Lien: SeniorTax Treatment: Tax ExemptOriginal Issue Amount $25,425,000.00Dated Date: 06/01/2012Sale Date: 06/19/2012Delivery Date: 07/19/2012Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2013

Paying Agent: Regions Bank, Houston, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXCo-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Piper Jaffray & Co.Co-Manager: Allison, M.E. & Co., Inc.Co-Manager: RBC Capital MarketsUnderwriter's Counsel: Andrews Kurth L.L.P.

Use of Proceeds: Water.


02/01/2018 620,000.00 4.0000% 1.450%02/01/2019 645,000.00 4.0000% 1.750%02/01/2020 670,000.00 4.0000% 2.050%02/01/2021 700,000.00 4.0000% 2.300%02/01/2022 725,000.00 4.0000% 2.490%02/01/2023 755,000.00 4.0000% 2.710%02/01/2024 785,000.00 4.0000% 2.910%02/01/2025 815,000.00 3.0000% 3.140%02/01/2026 840,000.00 3.0000% 3.230%02/01/2027 865,000.00 3.1250% 3.320%02/01/2032T 4,825,000.00 3.6250% 3.850%02/01/2041T 11,415,000.00 4.0000% 4.090%------------------------------------------------$23,660,000.00

Call Option: Bonds maturing on 02/01/2021 to 02/01/2027 and term bonds maturing on 02/01/2032 and 02/01/2041 callable in whole or in part on any date beginning 02/01/2020 @ par.

Term Call: Term bonds maturing on 02/01/2032: Mandatory Redemption Date Principal Amount 02/01/2028 $895,000 02/01/2029 $930,000 02/01/2030 $965,000 02/01/2031 $1,000,000

02/01/2032 $1,035,000

Term bonds maturing on 02/01/2041: Mandatory Redemption Date Principal Amount 02/01/2033 $1,075,000 02/01/2034 $1,120,000 02/01/2035 $1,165,000 02/01/2036 $1,210,000 02/01/2037 $1,260,000 02/01/2038 $1,315,000 02/01/2039 $1,365,000 02/01/2040 $1,425,000 02/01/2041 $1,480,000

Grand Total ===============> $23,660,000.00

Bond Debt Service

Period Ending Principal Interest Debt Service---------------------------------------------------------09/30/18 620,000.00 891,787.50 1,511,787.50 09/30/19 645,000.00 866,487.50 1,511,487.50 09/30/20 670,000.00 840,187.50 1,510,187.50 09/30/21 700,000.00 812,787.50 1,512,787.50 09/30/22 725,000.00 784,287.50 1,509,287.50 09/30/23 755,000.00 754,687.50 1,509,687.50 09/30/24 785,000.00 723,887.50 1,508,887.50 09/30/25 815,000.00 695,962.50 1,510,962.50 09/30/26 840,000.00 671,137.50 1,511,137.50 09/30/27 865,000.00 645,021.88 1,510,021.88 09/30/28 895,000.00 615,284.38 1,510,284.38 09/30/29 930,000.00 582,206.25 1,512,206.25 09/30/30 965,000.00 547,859.38 1,512,859.38 09/30/31 1,000,000.00 512,243.75 1,512,243.75 09/30/32 1,035,000.00 475,359.38 1,510,359.38 09/30/33 1,075,000.00 435,100.00 1,510,100.00 09/30/34 1,120,000.00 391,200.00 1,511,200.00 09/30/35 1,165,000.00 345,500.00 1,510,500.00 09/30/36 1,210,000.00 298,000.00 1,508,000.00 09/30/37 1,260,000.00 248,600.00 1,508,600.00 09/30/38 1,315,000.00 197,100.00 1,512,100.00 09/30/39 1,365,000.00 143,500.00 1,508,500.00 09/30/40 1,425,000.00 87,700.00 1,512,700.00 09/30/41 1,480,000.00 29,600.00 1,509,600.00 --------------------------------------------------------- 23,660,000.00 12,595,487.50 36,255,487.50=========================================================



09/30/2018 620,000.00 02.62% 09/30/2019 645,000.00 05.35% 09/30/2020 670,000.00 08.18% 09/30/2021 700,000.00 11.14% 09/30/2022 725,000.00 14.20% 09/30/2023 755,000.00 17.39% 09/30/2024 785,000.00 20.71% 09/30/2025 815,000.00 24.15% 09/30/2026 840,000.00 27.70% 09/30/2027 865,000.00 31.36% 09/30/2028 895,000.00 35.14% 09/30/2029 930,000.00 39.07% 09/30/2030 965,000.00 43.15%





09/30/2031 1,000,000.00 47.38% 09/30/2032 1,035,000.00 51.75% 09/30/2033 1,075,000.00 56.30% 09/30/2034 1,120,000.00 61.03% 09/30/2035 1,165,000.00 65.96% 09/30/2036 1,210,000.00 71.07% 09/30/2037 1,260,000.00 76.39% 09/30/2038 1,315,000.00 81.95% 09/30/2039 1,365,000.00 87.72% 09/30/2040 1,425,000.00 93.74% 09/30/2041 1,480,000.00 100.00%

PERTINENT PROVISIONS

SECURITY The Series 2012 bonds are special limited obligations of the Schertz/Seguin Local Government Corporation payable and secured solely by a lienon and pledge of the bonds payment portion of the annual payments to be paid independently by the City of San Antonio to the Corporation pursuant to the Mutual Regional Water Supply Contract, dated as of January 1, 2011, among the Corporation, San Antonio Water System (SAWS), City of Schertz and the City of Seguin. The Bonds are also secured by a lien on and pledge of the money in all funds created, established and maintained by a Resolution.

RESERVE FUND The Corporation has not created, and there does not exist, a debt service reserve fund relating to or providing additional security for the bonds,though the Corporation has, in the Resolution, reserved the right to create sucha debt service reserve fund in conjunction with the future issuance of additional bonds or additional obligations.

RATES AND CHARGES The Corporation has covenanted, while any of the bonds are outstanding to establish and maintain rates and charges for facilities and services afforded by the system that are reasonably expected, on the basis of available information and experience and with due allowance for contingencies toproduce gross revenues in each year sufficient (i) to pall all maintenance and operating expenses, (ii) to produce net revenues sufficient to pay the debt service on any prior lien obligations issued by the Corporation and any amounts required to be on deposit, (iii) to produce net revenues sufficient to pay the debt service on any junior lien obligations issued by the Corporation and any amounts required to be on deposit, (iv) to produce net revenues sufficient to pay the debt service on and inferior lien obligations issued by the Corporation and any amounts required to be on deposit, and (v) to produce net revenues to pay debt service on the bonds similarly secured as the same become due and payable and to deposit the amounts required to be deposited in any special fund or account.

ADDITIONAL BONDS The Corporation reserves the right to issue additional obligations that are payable from a lien on and pledge of the Pledged Revenues on parity with the lien thereon and pledge thereof securing the bonds and additional obligations without limitation as to principal amount but subject to any terms, conditions or restrictions as may be applicable thereto under law or otherwise.

PROJECT SAWS desires to obtain additional water supply to supplement its existing sources, and has identified excess water supply of the Corporation, derived from the Corporation's own and existing resources, and the development by SAWS of its own well field in western Gonzales County, which is in the vicinity of the system but farther from the SAWS System, as sources for this excess water supply.

OPERATING STATEMENT

SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION Fiscal Year Ended 09-30-2017 09-30-2016 09-30-2015 09-30-2014Revenues:Water Revenue $16,415,653 $14,675,393 $16,278,709 $13,790,208Impact Fees 849,289 927,843 910,030 449,997Reservation Fees 0 0 0 269,000Lease Revenue 53,698 146,214 129,600 93,369Other 349,871 260,967 158,800 124,447

-------- -------- -------- --------Total Revenues $17,668,511 $16,010,417 $17,477,139 $14,727,021

Expenses:Lease Payments $2,414,771 $2,252,353 $2,234,066 $2,467,171Depreciation 2,436,451 2,395,014 1,962,622 1,547,003Amortization Expense 80,156 85,399 85,399 85,399Other 4,188,273 4,574,831 4,735,359 3,256,985 -------- -------- -------- --------Total Expenses $9,119,651 $9,307,597 $9,017,446 $7,356,558

Available ForDebt Service $8,548,860 $6,702,820 $8,459,693 $7,370,463

Nonoperating Income (Expense) Interest Income $ 772,494 $ 85,829 $ 17,595 $ 14,551 Contribution from Cities of Schertz & Seguin -0- -0- -0- (269,000) Interest Expense (5,131,266) (4,313,689) (2,668,447) (3,521,370) Gain (Loss) on Disposal of Assets 1,414 -0- (912,761) -0- Bond Issuance Costs (916,291) -0- -0- -0- ---------- ---------- ---------- ----------

Change in Net Assets $ 3,275,211 $ 2,474,960 $ 4,896,080 $ 3,594,644

Beg. Balance 10-1 $12,892,618 $10,417,658 $ 5,521,578 $ 1,926,934

End. Balance 9-30 $16,167,829 $12,892,618 $10,417,658 $ 5,521,578

NON FUNDED DEBT

NON-FUNDED DEBT PAYABLE (As of September 30, 2017) None.



10/17/2018 - Notice of Failure to File Disclosure - City of Seguin (FYE 2013, 2014, 2016 & 2017)

"The audits for the City of Seguin, Texas for the years 2013, 2014, 2016 and 2017 were not filed under the Schertz/Seguin Local Government Corporation CUSIPs. The issuer has implemented procedures in an attempt to eliminate future non-compliance in accordance with the Rule."

10/02/2018 - Notice of Failure to File Disclosure - City of Schertz (FYE 2013, 2014, 2016 & 2017)

"Certain tables associated with the City of Schertz’s Utility System were not updated in accordance to the Rule. The City of Schertz audits for the years 2013, 2014, 2016 and 2017 were not filed under this CUSIP. This filing includes all required information. "The issuer has implemented procedures in an attempt to eliminate future noncompliance in accordance with the Rule."


"Standard & Poor's Ratings Services has raised its rating on Schertz/Seguin Local Government Corp., Texas' existing contract revenue debt issued for Schertzand Seguin one notch to 'A+' from 'A'. Standard & Poor's has also assigned its 'A+' rating to the LGC's series 2015 contract revenue improvement and refunding bonds. The outlook is stable."





ECONOMIC BACKGROUND

SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION Schertz/Seguin Local Government Corporation is a public, non-profit corporation created by the Cities of Schertz and Seguin, Texas, pursuant to Subchapter D of Chapter 431, Texas Transportation Code, as amended.

The Corporation was formed on December 23, 1998, among other things, for the purpose to assist, and act on behalf of the cities in acquiring, constructing, leasing, improving, enlarging, extending, repairing, maintaining, developing andoperating a wholesale water utility supply system pursuant to the provisions of Texas Local Government Code 402.001. (Chapter 402) and other applicable laws of the State and to assist and act on behalf of the Cities of Schertz and Seguin inaccomplishing a governmental purpose in the provision of water for public use. The Corporation is governed by a board of 5 directors appointed by the City Councils of the Cities.

The Corporation is not authorized to levy a tax.

COUNTY CHARACTERISTICS: Guadalupe County was created and organized in 1846 from Bexar and Gonzales Counties and named after the Guadalupe River, which runs through the middle. The county is located in south central Texas and traversed by Interstate Highways 10 and 35.

COUNTY SEAT: Seguin







CASINGHEAD (Texas Railroad Commission)Year Description Volume % Change From Previous Year2014 Casinghead 43,544 MCF 43.82 2015 Casinghead 35,184 MCF -19.20 2016 Casinghead 38,784 MCF 10.23 2017 Casinghead 10,649 MCF -72.54


EMPLOYMENT DATA (Texas Workforce Commission) 2018 2017 2016 Employed Earnings Employed Earnings Employed Earnings 1st Q: 41,033 $453.9M 39,254 $403.6M 37,487 $366.6M 2nd Q: N/A N/A 40,377 $426.3M 38,428 $383.1M

3rd Q: N/A N/A 41,313 $428.6M 38,632 $397.6M 4th Q: N/A N/A 41,556 $455.3M 39,745 $416.4M


COLLEGES AND UNIVERSITIESYear Total Fall Enrollment2017 1 1,394 2016 1 1,295 2015 1 1,373 2014 1 1,319 2013 1 1,338 2012 1 1,317 2011 1 1,415 2010 1 1,340 2009 1 1,387 2008 1 1,432


General ManagerR. Alan Cockerell Schertz-Seguin Local Government Corporation205 N River StreetSeguin, TX 78155Phone: 830-401-2302Fax: [email protected]

Assistant General ManagerAmber Briggs-Beard Schertz/Seguin Local Government Corporation205 N River StreetSeguin, TX 78155Phone: 830-401-2409Fax: [email protected]


City ManagerDouglas Faseler 205 N River StreetSeguin, TX 78155-0591Phone: 830-401-2302Fax: [email protected]

Director of FinanceJames Walters 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1140Fax: [email protected]

Director of FinanceSusan Caddell 205 N River StreetSeguin, TX 78155-0591Phone: 830-401-2450Fax: [email protected]





PLD


(Schertz & Seguin, Cities of, Project) Last Revised: 11/19/2018TMR # 1764



FINANCIAL STATEMENT


FINANCIAL STATEMENT (As of September 30, 2017)(a)

Special Obligation Debt Senior Lien $11,025,000 Junior Lien $130,550,000 ----------------- $141,575,000Special Fund Balances Debt Service $882,168 Repair & Replacement $500,000 Reserve $1,297,887(b)

(a) Includes Contract Revenue Refunding Bonds New Series 2018 dated November 1, 2018.(b) Cash balance. Excludes surety bonds for Series 2001.

PAYMENT RECORD

Never defaulted.



Contract Rev Bds Ser 2001Lien: SeniorTax Treatment: Tax ExemptOriginal Issue Amount $41,040,000.00Dated Date: 02/01/2001Sale Date: 02/22/2001Delivery Date: 03/15/2001Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2001

Paying Agent: The Bank of New York Mellon Trust Company, N.A., New York, NYBond Counsel: Fulbright & JaworskiFinancial Advisor: Southwest Securities, San Antonio, TXCo-Financial Advisor: SAMCO Capital MarketsLead Manager: First Southwest CompanyCo-Manager: Coastal SecuritiesCo-Manager: Dain Rauscher IncorporatedCo-Manager: PaineWebber Incorporated

Insurance: Assured Guaranty Municipal Corp. (FSA)

Use of Proceeds: Utility.


02/01/2035T 10,000,000.00 5.2000% 100.00%------------------------------------------------$10,000,000.00


Term Call: Term bonds maturing on 02/01/2035: Mandatory Redemption Date Principal Amount 02/01/2031 $1,795,000 02/01/2032 $1,895,000 02/01/2033 $1,995,000 02/01/2034 $2,100,000 02/01/2035 $2,215,000

Refunded Notes: Maturities refunded by Contract Revenue & Ref Bds Ser 2007 Refunded Amount Mat Date Coupon Price Sched Call 290,000.00 02/01/2012 4.500 Par 02/01/2011 305,000.00 02/01/2013 4.625 Par 02/01/2011 310,000.00 02/01/2014 4.700 Par 02/01/2011 325,000.00 02/01/2015 4.800 Par 02/01/2011 340,000.00 02/01/2016 5.000 Par 02/01/2011 350,000.00 02/01/2017 5.000 Par 02/01/2011 375,000.00 02/01/2018 5.000 Par 02/01/2011 390,000.00 02/01/2019 5.125 Par 02/01/2011 410,000.00 02/01/2020 5.125 Par 02/01/2011 10,000,000.00 02/01/2030 5.375 Par 02/01/2011 4,765,000.00 02/01/2037 5.250 Par 02/01/2011 11,185,000.00 02/01/2041 5.250 Par 02/01/2011

Contract Rev Bds Ser 2010Lien: SeniorTax Treatment: Bank QualifiedOriginal Issue Amount $22,140,000.00Dated Date: 06/01/2010Sale Date: 06/15/2010Delivery Date: 07/14/2010Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2011

Paying Agent: Wells Fargo Bank, N.A., Austin, TXBond Counsel: Fulbright & Jaworski L.L.P.Financial Advisor: Southwest Securities, San Antonio, TXCo-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Coastal Securities, Inc.Co-Manager: Allison, M.E. & Co., Inc.Co-Manager: RBC Capital Markets

Insurance: Assured Guaranty Municipal Corp. (FSA)

Use of Proceeds: Utility.


02/01/2018 505,000.00 3.5000% 3.250%02/01/2019 520,000.00 3.5000% 3.450%-------------------------------------------------$1,025,000.00

Call Option: Non-callable

Refunded Notes: Maturities refunded by Contract Rev Ref Bds New Ser 2018 Refunded Amount Mat Date Coupon Price Sched Call 540,000.00 02/01/2020 3.500 Par 02/01/2019 560,000.00 02/01/2021 4.000 Par 02/01/2019 585,000.00 02/01/2022 4.000 Par 02/01/2019 610,000.00 02/01/2023 4.000 Par 02/01/2019 630,000.00 02/01/2024 4.000 Par 02/01/2019 660,000.00 02/01/2025 4.000 Par 02/01/2019 685,000.00 02/01/2026 4.125 Par 02/01/2019 715,000.00 02/01/2027 4.250 Par 02/01/2019 745,000.00 02/01/2028 4.250 Par 02/01/2019 780,000.00 02/01/2029 4.250 Par 02/01/2019 815,000.00 02/01/2030 4.500 Par 02/01/2019 850,000.00 02/01/2031 4.500 Par 02/01/2019 890,000.00 02/01/2032 4.500 Par 02/01/2019 2,925,000.00 02/01/2035 4.625 Par 02/01/2019 3,370,000.00 02/01/2038 4.750 Par 02/01/2019 3,890,000.00 02/01/2041 4.750 Par 02/01/2019





Grand Total ===============> $11,025,000.00

Bond Debt Service

Period Ending Principal Interest Debt Service---------------------------------------------------------09/30/18 505,000.00 1,406,300.00 1,911,300.00 09/30/19 520,000.00 529,100.00 1,049,100.00 09/30/20 0.00 520,000.00 520,000.00 09/30/21 0.00 520,000.00 520,000.00 09/30/22 0.00 520,000.00 520,000.00 09/30/23 0.00 520,000.00 520,000.00 09/30/24 0.00 520,000.00 520,000.00 09/30/25 0.00 520,000.00 520,000.00 09/30/26 0.00 520,000.00 520,000.00 09/30/27 0.00 520,000.00 520,000.00 09/30/28 0.00 520,000.00 520,000.00 09/30/29 0.00 520,000.00 520,000.00 09/30/30 0.00 520,000.00 520,000.00 09/30/31 1,795,000.00 473,330.00 2,268,330.00 09/30/32 1,895,000.00 377,390.00 2,272,390.00 09/30/33 1,995,000.00 276,250.00 2,271,250.00 09/30/34 2,100,000.00 169,780.00 2,269,780.00 09/30/35 2,215,000.00 57,590.00 2,272,590.00 --------------------------------------------------------- 11,025,000.00 9,009,740.00 20,034,740.00=========================================================



09/30/2018 505,000.00 04.58% 09/30/2019 520,000.00 09.30% 09/30/2020 0.00 09.30% 09/30/2021 0.00 09.30% 09/30/2022 0.00 09.30% 09/30/2023 0.00 09.30% 09/30/2024 0.00 09.30% 09/30/2025 0.00 09.30% 09/30/2026 0.00 09.30% 09/30/2027 0.00 09.30% 09/30/2028 0.00 09.30% 09/30/2029 0.00 09.30% 09/30/2030 0.00 09.30% 09/30/2031 1,795,000.00 25.58% 09/30/2032 1,895,000.00 42.77% 09/30/2033 1,995,000.00 60.86% 09/30/2034 2,100,000.00 79.91% 09/30/2035 2,215,000.00 100.00%

Details of Junior Lien Debt (Outstanding 9/30/2017)

Contract Rev Ref Bds New Ser 2014Lien: JuniorTax Treatment: Bank QualifiedOriginal Issue Amount $6,275,000.00Dated Date: 09/01/2014Sale Date: 09/16/2014Delivery Date: 10/15/2014Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000

Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2015

Paying Agent: Regions Bank, Houston, TXBond Counsel: Fulbright & Jaworski LLPFinancial Advisor: Southwest Securities, San Antonio, TXCo-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Raymond JamesCo-Manager: Allison, M.E. & Co., Inc.Underwriter's Counsel: Andrews Kurth L.L.P.

Insurance: Build America Mutual


Refunding Notes: This bond refunded maturities from the following issues:Contract Rev Ref Bds Ser 2005 Refunded Amount Mat Date Coupon Price Sched Call 475,000.00 02/01/2015 4.000 Par 10/21/2014 495,000.00 02/01/2016 4.000 Par 10/21/2014 520,000.00 02/01/2017 4.000 Par 10/21/2014 540,000.00 02/01/2018 4.000 Par 10/21/2014 560,000.00 02/01/2019 4.000 Par 10/21/2014 585,000.00 02/01/2020 4.100 Par 10/21/2014 610,000.00 02/01/2021 4.150 Par 10/21/2014 635,000.00 02/01/2022 4.200 Par 10/21/2014 665,000.00 02/01/2023 4.250 Par 10/21/2014 695,000.00 02/01/2024 4.300 Par 10/21/2014 725,000.00 02/01/2025 4.375 Par 10/21/2014


02/01/2018 530,000.00 2.0000% 1.200%02/01/2019 540,000.00 2.0000% 1.600%02/01/2020 555,000.00 3.0000% 1.850%02/01/2021 570,000.00 3.0000% 2.050%02/01/2022 590,000.00 3.0000% 2.350%02/01/2023 610,000.00 3.5000% 2.600%02/01/2024 630,000.00 3.5000% 2.750%02/01/2025 655,000.00 3.5000% 2.900%-------------------------------------------------$4,680,000.00


Contract Rev Imp & Ref Bds New Ser 2015Lien: JuniorTax Treatment: Tax ExemptOriginal Issue Amount $41,720,000.00Dated Date: 12/01/2014Sale Date: 12/02/2014Delivery Date: 01/13/2015Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2015

Paying Agent: Regions Bank, Houston, TXBond Counsel: Fulbright & Jaworski LLPFinancial Advisor: Southwest Securities, San Antonio, TXCo-Financial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Raymond JamesCo-Manager: Allison, M.E. & Co., Inc.Co-Manager: RBC Capital MarketsUnderwriter's Counsel: Andrews Kurth L.L.P.







Refunding Notes: This bond refunded maturities from the following issues:Contract Revenue & Ref Bds Ser 2007 Refunded Amount Mat Date Coupon Price Sched Call 575,000.00 02/01/2016 4.000 Par 02/01/2015 590,000.00 02/01/2017 4.000 Par 02/01/2015 620,000.00 02/01/2018 4.000 Par 02/01/2015 640,000.00 02/01/2019 4.000 Par 02/01/2015 670,000.00 02/01/2020 4.125 Par 02/01/2015 685,000.00 02/01/2021 4.250 Par 02/01/2015 720,000.00 02/01/2022 4.250 Par 02/01/2015 750,000.00 02/01/2023 4.250 Par 02/01/2015 785,000.00 02/01/2024 4.250 Par 02/01/2015 820,000.00 02/01/2025 4.250 Par 02/01/2015 1,660,000.00 02/01/2026 4.250 Par 02/01/2015 7,405,000.00 02/01/2030 4.500 Par 02/01/2015 4,275,000.00 02/01/2036 4.500 Par 02/01/2015 15,370,000.00 02/01/2041 4.500 Par 02/01/2015


02/01/2018 730,000.00 3.0000% 1.130%02/01/2019 745,000.00 3.0000% 1.450%02/01/2020 775,000.00 3.0000% 1.760%02/01/2021 785,000.00 4.0000% 2.060%02/01/2022 825,000.00 4.0000% 2.330%02/01/2023 860,000.00 4.0000% 2.560%02/01/2024 900,000.00 5.0000% 2.740%02/01/2025 945,000.00 5.0000% 2.850%02/01/2026 1,805,000.00 5.0000% 2.930%02/01/2027 1,885,000.00 5.0000% 3.030%02/01/2028 1,990,000.00 5.0000% 3.120%02/01/2029 2,090,000.00 5.0000% 3.180%02/01/2030 2,190,000.00 5.0000% 3.260%02/01/2033T 1,650,000.00 5.0000% 3.390%02/01/2041T 20,950,000.00 4.0000% 4.062%02/01/2044T 1,200,000.00 4.0000% 4.066%------------------------------------------------$40,325,000.00


Term Call: Term bonds maturing on 02/01/2033: Mandatory Redemption Date Principal Amount 02/01/2031 $520,000 02/01/2032 $550,000 02/01/2033 $580,000

Term bonds maturing on 02/01/2041: Mandatory Redemption Date Principal Amount 02/01/2034 $610,000 02/01/2035 $630,000 02/01/2036 $2,960,000 02/01/2037 $3,085,000 02/01/2038 $3,220,000 02/01/2039 $3,345,000 02/01/2040 $3,480,000 02/01/2041 $3,620,000

Term bonds maturing on 02/01/2044: Mandatory Redemption Date Principal Amount 02/01/2042 $385,000 02/01/2043 $400,000 02/01/2044 $415,000

Contract Rev Bds New Ser 2016 (Texas Water Development Board

SWIRFT Project Financing)Lien: JuniorTax Treatment: Tax ExemptOriginal Issue Amount $43,670,000.00Dated Date: 08/01/2016Sale Date: 10/20/2016Delivery Date: 11/16/2016Sale Type: Private PlacementRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2017

Paying Agent: Regions Bank, Houston, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXPurchaser: Texas Water Development Board

Use of Proceeds: Water.


08/01/2018 25,000.00 0.6600% N/A08/01/2019 1,235,000.00 0.7800% N/A08/01/2020 1,240,000.00 0.8600% N/A08/01/2021 1,250,000.00 0.9300% N/A08/01/2022 1,260,000.00 1.0200% N/A08/01/2023 1,270,000.00 1.1200% N/A08/01/2024 1,285,000.00 1.2300% N/A08/01/2025 1,300,000.00 1.3200% N/A08/01/2026 1,315,000.00 1.4100% N/A08/01/2027 1,335,000.00 1.6100% N/A08/01/2028 1,350,000.00 1.7300% N/A08/01/2029 1,375,000.00 2.0600% N/A08/01/2030 1,400,000.00 2.2300% N/A08/01/2031 1,430,000.00 2.3400% N/A08/01/2032 1,465,000.00 2.3900% N/A08/01/2033 1,500,000.00 2.4500% N/A08/01/2034 1,535,000.00 2.5800% N/A08/01/2035 1,575,000.00 2.5600% N/A08/01/2036 1,615,000.00 2.6000% N/A08/01/2037 1,660,000.00 2.7800% N/A08/01/2038 1,705,000.00 2.7800% N/A08/01/2039 1,755,000.00 2.7800% N/A08/01/2040 1,805,000.00 2.7800% N/A08/01/2041 1,855,000.00 2.7800% N/A08/01/2042 1,910,000.00 3.1100% N/A08/01/2043 1,965,000.00 3.1100% N/A08/01/2044 2,025,000.00 3.1100% N/A08/01/2045 2,085,000.00 3.1100% N/A08/01/2046 2,145,000.00 3.1100% N/A------------------------------------------------$43,670,000.00

Call Option: Bonds maturing on 08/01/2028 to 08/01/2046 callable in whole or in part inversely on any date beginning 08/01/2027 @ par. The Bonds are also subject to Special Mandatory redemption as specified in the authorizing resolution.

SWIFT Funding BP Loan Ser 2016Lien: JuniorTax Treatment: Tax ExemptOriginal Issue Amount $22,830,000.00Dated Date: 11/16/2016Sale Date: 08/30/2016Delivery Date: 11/16/2016Sale Type: Private PlacementRecord Date: N/ABond Form: N/A





Denomination $0Interest pays Semi-Annually: 02/01, 08/011st Coupon Date: 08/01/2017

Paying Agent: The Bank of New York Mellon Trust Company, N.A., Dallas, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXPurchaser: Texas Water Development Board

Use of Proceeds: Project Costs.


08/01/2035 300,000.00 3.1900% N/A08/01/2036 700,000.00 3.2400% N/A08/01/2037 1,125,000.00 3.4600% N/A08/01/2038 1,165,000.00 3.4600% N/A08/01/2039 1,205,000.00 3.4600% N/A08/01/2040 1,250,000.00 3.4600% N/A08/01/2041 1,290,000.00 3.4600% N/A08/01/2042 1,340,000.00 3.8800% N/A08/01/2043 1,390,000.00 3.8800% N/A08/01/2044 1,440,000.00 3.8800% N/A08/01/2045 1,490,000.00 3.8800% N/A08/01/2046 1,545,000.00 3.8800% N/A08/01/2047 1,605,000.00 3.5800% N/A08/01/2048 1,660,000.00 3.5800% N/A08/01/2049 1,715,000.00 3.5800% N/A08/01/2050 1,775,000.00 3.5800% N/A08/01/2051 1,835,000.00 3.5800% N/A------------------------------------------------$22,830,000.00

Call Option: Callable on the date prior to which the Corporation cannot purchasethe TWDB's portion of the Project as specified in the authorizing resolution.

Contract Rev Ref Bds New Ser 2018Lien: JuniorTax Treatment: Tax ExemptOriginal Issue Amount $19,045,000.00Dated Date: 11/15/2018Sale Date: 11/01/2018Delivery Date: 12/13/2018Sale Type: NegotiatedNIC: 3.9032%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 08/01, 02/011st Coupon Date: 02/01/2019

Paying Agent: Amegy Bank, Houston, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Hilltop Securities Inc.Co-Manager: UBS Financial Services, Inc.Underwriter's Counsel: McCall, Parkhurst & Horton L.L.P., San Antonio, TX



Refunding Notes: This bond refunded maturities from the following issues:Contract Rev Bds Ser 2010 Refunded Amount Mat Date Coupon Price Sched Call 540,000.00 02/01/2020 3.500 Par 02/01/2019 560,000.00 02/01/2021 4.000 Par 02/01/2019 585,000.00 02/01/2022 4.000 Par 02/01/2019 610,000.00 02/01/2023 4.000 Par 02/01/2019 630,000.00 02/01/2024 4.000 Par 02/01/2019 660,000.00 02/01/2025 4.000 Par 02/01/2019

685,000.00 02/01/2026 4.125 Par 02/01/2019 715,000.00 02/01/2027 4.250 Par 02/01/2019 745,000.00 02/01/2028 4.250 Par 02/01/2019 780,000.00 02/01/2029 4.250 Par 02/01/2019 815,000.00 02/01/2030 4.500 Par 02/01/2019 850,000.00 02/01/2031 4.500 Par 02/01/2019 890,000.00 02/01/2032 4.500 Par 02/01/2019 2,925,000.00 02/01/2035 4.625 Par 02/01/2019 3,370,000.00 02/01/2038 4.750 Par 02/01/2019 3,890,000.00 02/01/2041 4.750 Par 02/01/2019


02/01/2020 515,000.00 5.0000% 2.140%02/01/2021 540,000.00 5.0000% 2.270%02/01/2022 565,000.00 3.0000% 2.400%02/01/2023 590,000.00 5.0000% 2.510%02/01/2024 615,000.00 5.0000% 2.650%02/01/2025 650,000.00 5.0000% 2.760%02/01/2026 680,000.00 5.0000% 2.940%02/01/2027 715,000.00 5.0000% 3.080%02/01/2028 755,000.00 5.0000% 3.200%02/01/2029 795,000.00 5.0000% 3.330%02/01/2030 835,000.00 5.0000% 3.430%02/01/2031 870,000.00 4.0000% 3.560%02/01/2032 905,000.00 4.0000% 3.680%02/01/2033 940,000.00 4.0000% 3.830%02/01/2034 980,000.00 4.0000% 3.930%02/01/2035 1,020,000.00 4.0000% 3.980%02/01/2036 1,065,000.00 4.0000% 4.030%02/01/2037 1,110,000.00 4.0000% 4.060%02/01/2038 1,150,000.00 4.0000% 4.090%02/01/2039 1,200,000.00 4.0000% 4.120%02/01/2040 1,250,000.00 4.0000% 4.150%02/01/2041 1,300,000.00 4.0000% 4.160%------------------------------------------------$19,045,000.00


Grand Total ===============> $130,550,000.00

Bond Debt Service

Period Ending Principal Interest Debt Service---------------------------------------------------------09/30/18 1,285,000.00 3,677,441.00 4,962,441.00 09/30/19 2,520,000.00 4,229,731.00 6,749,731.00 09/30/20 3,085,000.00 4,408,468.00 7,493,468.00 09/30/21 3,145,000.00 4,327,229.00 7,472,229.00 09/30/22 3,240,000.00 4,244,029.00 7,484,029.00 09/30/23 3,330,000.00 4,154,727.00 7,484,727.00 09/30/24 3,430,000.00 4,048,978.00 7,478,978.00 09/30/25 3,550,000.00 3,932,935.00 7,482,935.00 09/30/26 3,800,000.00 3,802,312.50 7,602,312.50 09/30/27 3,935,000.00 3,656,646.00 7,591,646.00 09/30/28 4,095,000.00 3,501,527.50 7,596,527.50 09/30/29 4,260,000.00 3,337,422.50 7,597,422.50 09/30/30 4,425,000.00 3,161,347.50 7,586,347.50 09/30/31 2,820,000.00 3,024,102.50 5,844,102.50 09/30/32 2,920,000.00 2,928,390.50 5,848,390.50 09/30/33 3,020,000.00 2,828,227.00 5,848,227.00 09/30/34 3,125,000.00 2,726,377.00 5,851,377.00 09/30/35 3,525,000.00 2,621,974.00 6,146,974.00 09/30/36 6,340,000.00 2,458,584.00 8,798,584.00 09/30/37 6,980,000.00 2,229,514.00 9,209,514.00 09/30/38 7,240,000.00 1,973,141.00 9,213,141.00





09/30/39 7,505,000.00 1,707,133.00 9,212,133.00 09/30/40 7,785,000.00 1,431,151.00 9,216,151.00 09/30/41 8,065,000.00 1,144,722.00 9,209,722.00 09/30/42 3,635,000.00 942,419.00 4,577,419.00 09/30/43 3,755,000.00 815,326.00 4,570,326.00 09/30/44 3,880,000.00 683,982.50 4,563,982.50 09/30/45 3,575,000.00 556,833.00 4,131,833.00 09/30/46 3,690,000.00 434,177.50 4,124,177.50 09/30/47 1,605,000.00 307,522.00 1,912,522.00 09/30/48 1,660,000.00 250,063.00 1,910,063.00 09/30/49 1,715,000.00 190,635.00 1,905,635.00 09/30/50 1,775,000.00 129,238.00 1,904,238.00 09/30/51 1,835,000.00 65,693.00 1,900,693.00 --------------------------------------------------------- 130,550,000.00 79,931,999.00 210,481,999.00=========================================================



09/30/2018 1,285,000.00 00.98% 09/30/2019 2,520,000.00 02.91% 09/30/2020 3,085,000.00 05.28% 09/30/2021 3,145,000.00 07.69% 09/30/2022 3,240,000.00 10.17% 09/30/2023 3,330,000.00 12.72% 09/30/2024 3,430,000.00 15.35% 09/30/2025 3,550,000.00 18.07% 09/30/2026 3,800,000.00 20.98% 09/30/2027 3,935,000.00 23.99% 09/30/2028 4,095,000.00 27.13% 09/30/2029 4,260,000.00 30.39% 09/30/2030 4,425,000.00 33.78% 09/30/2031 2,820,000.00 35.94% 09/30/2032 2,920,000.00 38.18% 09/30/2033 3,020,000.00 40.49% 09/30/2034 3,125,000.00 42.88% 09/30/2035 3,525,000.00 45.58% 09/30/2036 6,340,000.00 50.44% 09/30/2037 6,980,000.00 55.79% 09/30/2038 7,240,000.00 61.33% 09/30/2039 7,505,000.00 67.08% 09/30/2040 7,785,000.00 73.04% 09/30/2041 8,065,000.00 79.22% 09/30/2042 3,635,000.00 82.01% 09/30/2043 3,755,000.00 84.88% 09/30/2044 3,880,000.00 87.86% 09/30/2045 3,575,000.00 90.59% 09/30/2046 3,690,000.00 93.42% 09/30/2047 1,605,000.00 94.65% 09/30/2048 1,660,000.00 95.92% 09/30/2049 1,715,000.00 97.23% 09/30/2050 1,775,000.00 98.59% 09/30/2051 1,835,000.00 100.00%


SECURITY The Senior Lien Bonds are special obligations of the Schertz/Seguin Local Government Corporation which are payable solely both as to principal and interest from and secured solely by a lien on and pledge of the Bond Payment.

The Junior Lien bonds are special limited obligations of the Schertz/Seguin Local Government Corporation payable and secured solely by a junior and inferiorlien on and pledge of the Bonds Payment portion of the annual payments to be paid independently by the City of Schertz, Texas and the City of Seguin, Texas, (a proportionate share of 50% each - as an operations and maintenance expense

from the gross revenues of such City's utility system as defined in Chapter 1502, as amended, Texas Government Code) to the Corporation pursuant to the Regional Water Supply Contract, dated as of November 15, 1999, among the Corporation and the Cities. The Bonds are also secured by a lien on and pledge of the money in all funds created, established and maintained by a Resolution.

INTEREST AND SINKING FUND For purposes of providing funds to pay the new Bonds as they become due and payable, the Corporation agrees to maintain, at the Depository, a new Interest Sinking Fund. The Corporation covenants that the BondPayment portion of the Annual Payments shall be deposited upon receipt by the Corporation into the Fund. The Authorized Officials covenant that thereshall be deposited into the Fund prior to each principal and interest payment date from the available Bond Payment portion of the Annual Payments an amount equal to 100% of the amount required to fully pay the interest on and the principal of the New Bonds. The Series 2018 Bond proceeds included a deposit into the Fund of $64,015.

RESERVE FUND The Reserve Fund is to accumulate and maintain a reserve for the payment of the outstanding bonds equal to the average annual debt service requirements. After the issuance of the Series 2010 bonds, Required Reserve Fundbalance shall be $4,681,081.82. The Reserve Fund is funded with three separate Credit Facilities from, Assured Guaranty Municipal Corporation (Series 2001 and 2005 Bonds) and Ambac Assurance Corporation (Series 2007). The Series 2010 Reserve Requirement was funded with $1,000,000 cash from available Corporation funds and $275,621 from bond proceeds. No debt service reserve fund has been established with respect to the 2016 or 2018 Bonds.

RENEWAL AND REPLACEMENT FUND As additional security for the Bonds, there has been established a Renewal and Replacement Fund. The Renewal and Replacement Fund was initially funded from previously issued bonds in the amount of $500,000, the Emergency amount.

RATE COVENANT Pursuant to the Contract, each City is required to pay its proportionate share of the Annual Payments at least equal to (a) the amount required to pay for all Operations and Maintenance Expenses; (b) to pay OverheadExpenses; and (c) the establish and maintain the debt service and the debt service reserve funds for the Priority Bonds and the Renewal and Replacement Fund requirements contained in the Priority Resolution and the Bond Fund for theNew Series Bonds.

ADDITIONAL OBLIGATIONS The Corporation reserves the right to issue Additional New Series Bonds without limitation as to principal amount but subject to restrictions applicable under law or otherwise. Additional New Series Bonds, when issued, together with the Bonds and other New Series Bonds at such time outstanding, shall be payable from and secured solely by a junior and inferior lien on and pledge of the Bond Payment portion of the Annual Payments. In addition to Additional New Series Bonds, the Corporation has reserved the right to issue additional obligations payable from a lien on and pledge of all or partof the Bond Payment portion of the Annual Payments, so long as such lien and pledge is subordinate to the lien thereon.

The Corporation has also reserved the right to issue Additional Obligations, which are obligations of the Corporation secured by and payable from the Corporation’s Net Revenues (but which specifically exclude the Bond Payment portion of the Annual Payments).

PROJECTS

SENIOR LIEN

Proceeds from the Series 2001 Bonds were used to improve the Corporation's utility system to deliver water to the Cities and to fund a Reserve Fund.

Proceeds from the Series 2010 Bonds were used for improving the utility system to deliver water to the Cities and to fund a Reserve Fund.

Proceeds from the Series 2018 Bonds will be used to refund a portion of the Series 2010 Contract Revenue Bonds.

JUNIOR LIEN





Proceeds from the sale of the Series 2014 and 2015 Bonds will be used for the purpose of discharge and final payment of obligations of the Issuer, for the purchase of land for the first phase of the Guadalupe Project. The Project includes the construction of a well-field and cross-country pipeline.

Construction of twelve wells, the cross-county pipeline, treatment facilities, pumping stations, water storage and gathering lines from the well-field is complete in Gonzales County. This production capacity was designed for the current needs of the Cities. After completion of the construction and with the written consent of the Cities, the Corporation contracted to sell water to the City of Selma, the City of Universal City, and Spring Hill Water Supply Corporation. Additional acreage has been acquired in Guadalupe County since the completion of construction to support expansion of a new well-field.

The Corporation obtained the necessary permits and drilled two additional wells in Gonzales County to enable the Corporation to supply the new customers and maintain safe operational abilities. With the addition of the two new wells, the Corporation increased the permitted production to 12,910 acre-feet of water per year. The Corporation is currently operating eight wells, a water treatment plant and transmission facilities with operations personnel provided by the Cityof Seguin and the City of Schertz on a contractual basis.

The Corporation is delivering water to the Cities at a rate that is very competitive when compared to other wholesale water rates in the area and increases in production are expected to continue over time as demand warrants. The Corporation has revised its rate structure to authorize impact fees. The purpose of the fee is to obtain customer contributions toward construction of capital projects and to provide additional funds to be used to pay debt service on the bond similarly secured. With a portion of the Series 2010 bond proceeds the Corporation intends to acquire land and groundwater leases, drill and equip wells #9-12 which is expected to increase the total permitted capacity of the Corporation to 19,362 acre-feet per year.

Proceeds from the 2016 Bonds will be used to provide funds to finance, acquire, and construct treatment facilities, water supply pipelines, booster pumps, otherappurtenances, and necessary easements and other interests in land, and pay the costs and expenses of issuing the Bonds, under and in strict conformity with thelaws of the State of Texas, particularly the Act, Chapter 1201, Texas GovernmentCode, as amended, the Contract, and the Resolution.

OPERATING STATEMENT

OPERATING STMT. Fiscal Year Ended 09-30-2017 09-30-2016 09-30-2015 09-30-2014Revenues:Water Revenue $16,415,653 $14,675,393 $16,278,709 $13,790,208Impact Fees 849,289 927,843 910,030 449,997Reservation Fees 0 0 0 269,000Lease Revenue 53,698 146,214 129,600 93,369Other 349,871 260,967 158,800 124,447 -------- -------- -------- --------Total Revenues $17,668,511 $16,010,417 $17,477,139 $14,727,021

Expenses:Lease Payments $2,414,771 $2,252,353 $2,234,066 $2,467,171Depreciation 2,436,451 2,395,014 1,962,622 1,547,003Amortization Expense 80,156 85,399 85,399 85,399Other 4,188,273 4,571,831 4,735,359 3,256,985 -------- -------- -------- --------Total Expenses $9,119,651 $9,304,597 $9,017,446 $7,356,558

Available ForDebt Service $8,548,860 $6,705,820 $8,459,693 $7,370,463

Nonoperating Income (Expense) Interest Income $ 772,494 $ 85,829 $ 17,595 $ 14,551 Contribution from Cities of Schertz & Seguin -0- -0- -0- (269,000) Interest Expense (5,131,266) (4,313,689) (2,668,447) (3,521,370)

Gain (Loss) on Disposal of Assets 1,414 -0- (912,761) -0- Bond Issuance Costs (916,291) -0- -0- -0- ---------- ---------- ---------- ----------

Change in Net Assets $ 3,275,211 $ 2,477,960 $ 4,896,080 $ 3,594,644

Beg. Balance 10-1 $12,895,618 $10,417,658 $ 5,521,578 $ 1,926,934

End. Balance 9-30 $16,170,829 $12,895,618 $10,417,658 $ 5,521,578

NON FUNDED DEBT

NON-FUNDED DEBT PAYABLE (As of September 30, 2017) None.



10/17/2018 - Notice of Failure to File Disclosure - City of Seguin (FYE 2013, 2014, 2016 & 2017)

"The audits for the City of Seguin, Texas for the years 2013, 2014, 2016 and 2017 were not filed under the Schertz/Seguin Local Government Corporation CUSIPs. The issuer has implemented procedures in an attempt to eliminate future non-compliance in accordance with the Rule."

10/02/2018 - Notice of Failure to File Disclosure - City of Schertz (FYE 2013, 2014, 2016 & 2017)

"Certain tables associated with the City of Schertz’s Utility System were not updated in accordance to the Rule. The City of Schertz audits for the years 2013, 2014, 2016 and 2017 were not filed under this CUSIP. This filing includes all required information. "The issuer has implemented procedures in an attempt to eliminate future noncompliance in accordance with the Rule."


"Standard & Poor's Ratings Services has raised its rating on Schertz/Seguin Local Government Corp., Texas' existing contract revenue debt issued for Schertzand Seguin one notch to 'A+' from 'A'. Standard & Poor's has also assigned its 'A+' rating to the LGC's series 2015 contract revenue improvement and refunding bonds. The outlook is stable."

ECONOMIC BACKGROUND

SCHERTZ/SEGUIN LOCAL GOVERNMENT CORPORATION Schertz/Seguin Local Government Corporation is a public, non-profit corporation created by the Cities of Schertz and Seguin, Texas, pursuant to Subchapter D of Chapter 431, Texas Transportation Code, as amended.

The Corporation was formed on December 23, 1998, among other things, for the purpose to assist, and act on behalf of the cities in acquiring, constructing, leasing, improving, enlarging, extending, repairing, maintaining, developing andoperating a wholesale water utility supply system pursuant to the provisions of Texas Local Government Code 402.001. (Chapter 402) and other applicable laws of the State and to assist and act on behalf of the Cities of Schertz and Seguin inaccomplishing a governmental purpose in the provision of water for public use. The Corporation is governed by a board of 5 directors appointed by the City Councils of the Cities.

The Corporation is not authorized to levy a tax.





COUNTY CHARACTERISTICS: Guadalupe County was created and organized in 1846 from Bexar and Gonzales Counties and named after the Guadalupe River, which runs through the middle. The county is located in south central Texas and traversed by Interstate Highways 10 and 35.

COUNTY SEAT: Seguin







CASINGHEAD (Texas Railroad Commission)Year Description Volume % Change From Previous Year2014 Casinghead 43,544 MCF 43.82 2015 Casinghead 35,184 MCF -19.20 2016 Casinghead 38,784 MCF 10.23 2017 Casinghead 10,649 MCF -72.54


EMPLOYMENT DATA (Texas Workforce Commission) 2018 2017 2016 Employed Earnings Employed Earnings Employed Earnings 1st Q: 41,033 $453.9M 39,254 $403.6M 37,487 $366.6M 2nd Q: N/A N/A 40,377 $426.3M 38,428 $383.1M 3rd Q: N/A N/A 41,313 $428.6M 38,632 $397.6M 4th Q: N/A N/A 41,556 $455.3M 39,745 $416.4M




General ManagerR. Alan Cockerell Schertz-Seguin Local Government Corporation205 N River StreetSeguin, TX 78155Phone: 830-401-2302Fax: [email protected]

Assistant General ManagerAmber Briggs-Beard Schertz/Seguin Local Government Corporation205 N River StreetSeguin, TX 78155Phone: 830-401-2409Fax: [email protected]

City ManagerDouglas Faseler 205 N River StreetSeguin, TX 78155-0591Phone: 830-401-2302Fax: [email protected]

Director of FinanceJames Walters 1400 Schertz ParkwaySchertz, TX 78154Phone: 210-619-1140Fax: [email protected]

Director of FinanceSusan Caddell 205 N River StreetSeguin, TX 78155-0591Phone: 830-401-2450Fax: [email protected]


PLD

Cibolo Creek Municipal Auth Texas Municipal Reports©

(Southern Wastewater Treatment Plant) Last Revised: 1/31/2019TMR # 6774

Bexar, Comal, Guadalupe Counties Page 1 of 4


FINANCIAL STATEMENT



Special Obligation Debt Senior Lien $10,905,000

Special Fund Balances I&S and Reserve $2,051,267*

* Includes funds for TMR #5386.

PAYMENT RECORD

Cibolo Creek Municipal Authority has never defaulted.



Contract Rev Bds (Southern Wastewater Treatment Plant Proj) Ser 2014Lien: SeniorTax Treatment: Bank QualifiedOriginal Issue Amount $6,950,000.00Dated Date: 09/01/2014Sale Date: 09/11/2014Delivery Date: 10/08/2014Sale Type: NegotiatedRecord Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 09/01, 03/011st Coupon Date: 03/01/2015

Paying Agent: BOKF, N.A., Austin, TXBond Counsel: Fulbright & Jaworski LLPFinancial Advisor: Southwest Securities, San Antonio, TXLead Manager: Raymond JamesCo-Manager: Frost BankUnderwriter's Counsel: Andrews Kurth L.L.P.

Insurance: Assured Guaranty Municipal Corp.(AGM-Formerly FSA)

Use of Proceeds: Wastewater Treatment Plant.


09/01/2019 155,000.00 2.0000% 1.550%09/01/2020 160,000.00 2.0000% 1.800%09/01/2021 160,000.00 2.0000% 100.00%09/01/2022 165,000.00 3.0000% 2.300%09/01/2023 170,000.00 3.0000% 2.550%09/01/2024 175,000.00 3.0000% 2.700%09/01/2026T 365,000.00 4.0000% 2.850%09/01/2028T 395,000.00 4.0000% 3.050%09/01/2030T 430,000.00 4.0000% 3.300%09/01/2032T 460,000.00 4.0000% 3.450%09/01/2034T 500,000.00 4.0000% 3.550%09/01/2039T 1,465,000.00 5.0000% 3.560%09/01/2044T 1,830,000.00 4.0000% 100.00%-------------------------------------------------$6,430,000.00

Call Option: Term bonds maturing on 09/01/2026 and 09/01/2028 and 09/01/2030 and09/01/2032 and 09/01/2034 and 09/01/2039 and 09/01/2044 callable in whole or in part on any date beginning 09/01/2024 @ par.

Term Call: Term bonds maturing on 09/01/2026:

Mandatory Redemption Date Principal Amount 09/01/2025 $180,000 09/01/2026 $185,000





Term bonds maturing on 09/01/2039: Mandatory Redemption Date Principal Amount 09/01/2035 $265,000 09/01/2036 $280,000 09/01/2037 $295,000 09/01/2038 $305,000 09/01/2039 $320,000

Term bonds maturing on 09/01/2044: Mandatory Redemption Date Principal Amount 09/01/2040 $340,000 09/01/2041 $350,000 09/01/2042 $365,000 09/01/2043 $380,000 09/01/2044 $395,000

Contract Rev Bds Ser 2018 (Southern Wastewater Treatment Plant Proj)Lien: SeniorTax Treatment: Bank QualifiedOriginal Issue Amount $4,475,000.00Dated Date: 11/15/2018Sale Date: 11/08/2018Delivery Date: 12/06/2018Sale Type: NegotiatedNIC: 4.0578%Record Date: MSRBBond Form: BEDenomination $5,000Interest pays Semi-Annually: 03/01, 09/011st Coupon Date: 09/01/2019

Paying Agent: UMB Bank, N.A., Austin, TXBond Counsel: Norton Rose Fulbright US LLP, San Antonio, TXFinancial Advisor: SAMCO Capital Markets, Inc., San Antonio, TXLead Manager: Hilltop Securities Inc.Underwriter's Counsel: McCall, Parkhurst & Horton L.L.P., San Antonio, TX

Use of Proceeds: Wastewater Treatment Plant.


09/01/2020 95,000.00 5.0000% 2.290%09/01/2021 100,000.00 5.0000% 2.380%09/01/2022 105,000.00 5.0000% 2.510%09/01/2023 110,000.00 5.0000% 2.610%





09/01/2024 115,000.00 5.0000% 2.740%09/01/2025 120,000.00 5.0000% 2.840%09/01/2026 125,000.00 5.0000% 2.960%09/01/2027 135,000.00 5.0000% 3.070%09/01/2028 140,000.00 5.0000% 3.210%09/01/2030T 300,000.00 5.0000% 3.250%09/01/2032T 330,000.00 5.0000% 3.350%09/01/2034T 365,000.00 5.0000% 3.470%09/01/2036T 400,000.00 5.0000% 3.620%09/01/2038T 445,000.00 5.0000% 3.700%09/01/2040T 490,000.00 4.0000% 4.110%09/01/2042T 530,000.00 4.0000% 4.150%09/01/2044T 570,000.00 4.0000% 4.170%-------------------------------------------------$4,475,000.00

Call Option: Term bonds maturing on 09/01/2030 and 09/01/2032 and 09/01/2034 and09/01/2036 and 09/01/2038 and 09/01/2040 and 09/01/2042 and 09/01/2044 callable in whole or in part on any date beginning 09/01/2028 @ par.








Term bonds maturing on 09/01/2044 subject to mandatory redemption as follows: Redemption Date Principal Amount

09/01/2043 $280,000 09/01/2044 $290,000 ------------ $570,000

Grand Total ===============> $10,905,000.00

Bond Debt Service

Period Ending Principal Interest Debt Service---------------------------------------------------------09/30/19 155,000.00 422,375.28 577,375.28 09/30/20 255,000.00 462,000.00 717,000.00 09/30/21 260,000.00 454,050.00 714,050.00 09/30/22 270,000.00 445,850.00 715,850.00 09/30/23 280,000.00 435,650.00 715,650.00 09/30/24 290,000.00 425,050.00 715,050.00 09/30/25 300,000.00 414,050.00 714,050.00 09/30/26 310,000.00 400,850.00 710,850.00 09/30/27 330,000.00 387,200.00 717,200.00 09/30/28 340,000.00 372,650.00 712,650.00 09/30/29 355,000.00 357,650.00 712,650.00 09/30/30 375,000.00 342,000.00 717,000.00 09/30/31 385,000.00 325,450.00 710,450.00 09/30/32 405,000.00 308,450.00 713,450.00 09/30/33 425,000.00 290,550.00 715,550.00 09/30/34 440,000.00 271,750.00 711,750.00 09/30/35 460,000.00 252,300.00 712,300.00 09/30/36 485,000.00 229,300.00 714,300.00 09/30/37 510,000.00 205,050.00 715,050.00 09/30/38 535,000.00 179,550.00 714,550.00 09/30/39 560,000.00 152,800.00 712,800.00 09/30/40 590,000.00 127,200.00 717,200.00 09/30/41 610,000.00 103,600.00 713,600.00 09/30/42 635,000.00 79,200.00 714,200.00 09/30/43 660,000.00 53,800.00 713,800.00 09/30/44 685,000.00 27,400.00 712,400.00 --------------------------------------------------------- 10,905,000.00 7,525,775.28 18,430,775.28=========================================================



09/30/2019 155,000.00 01.42% 09/30/2020 255,000.00 03.76% 09/30/2021 260,000.00 06.14% 09/30/2022 270,000.00 08.62% 09/30/2023 280,000.00 11.19% 09/30/2024 290,000.00 13.85% 09/30/2025 300,000.00 16.60% 09/30/2026 310,000.00 19.44% 09/30/2027 330,000.00 22.47% 09/30/2028 340,000.00 25.58% 09/30/2029 355,000.00 28.84% 09/30/2030 375,000.00 32.28% 09/30/2031 385,000.00 35.81% 09/30/2032 405,000.00 39.52% 09/30/2033 425,000.00 43.42% 09/30/2034 440,000.00 47.46% 09/30/2035 460,000.00 51.67% 09/30/2036 485,000.00 56.12% 09/30/2037 510,000.00 60.80% 09/30/2038 535,000.00 65.70%





09/30/2039 560,000.00 70.84% 09/30/2040 590,000.00 76.25% 09/30/2041 610,000.00 81.84% 09/30/2042 635,000.00 87.67% 09/30/2043 660,000.00 93.72% 09/30/2044 685,000.00 100.00%


PERTINENT PROVISIONS OF THE REVENUE BOND INDENTURE - PRIOR LIEN 1. Nature of Pledge: The Bonds are special obligations payable as to principal and interest from, and secured by lien on and pledge of Special Payments to be paid to the Authority initially by the City of Schertz.

2. Special Payments: Payments the Authority expects to receive by participating members pursuant to the terms of the contract to be put towards debt service requirements.

Contract - Regional Wastewater Treatment Contract, dated as of September 11, 2014, together with amendments and supplements thereto which by the term of suchinstrument is designated as a supplement or amendment to such contract.

3. Issuance of Additional Bonds: The Authority reserves the right to issue "Additional Bonds" and "Additional Obligations" without limitation as toprincipal amount but subject to any terms, conditions, or restrictions as may beapplicable thereto under law or otherwise. Additional Bonds, when issued, together with the Bonds and the currently outstanding Previously Issued Bonds, shall be payable from and secured solely by a lien on and pledge of the Special Payments, which consists of the Annual Payment as a portion of the Annual Requirement. Additional Obligations, which include the Authority’s Prior Lien Obligations, Junior Lien Obligations, and Inferior Lien Obligations, when issued, shall be secured by a prior lien on and pledge of the Net Revenues of the System

4. Rate Covenant: The Authority has agreed, while any of the Bonds Similarly Secured and the currently outstanding Previously Issued Bonds are Outstanding, to establish and maintain rates and charges for facilities and services affordedby the System that are reasonably expected, on the basis of available information and experience and with due allowance for contingencies, to produce Gross Revenues in each Fiscal Year sufficient: (1) to pay all Maintenance and Operating Expenses of the System, or any expenses required by statute to be a first claim on and charge against the Gross Revenues of the System; (2) to produce Net Revenues, together with any other lawfully available funds, sufficient to pay the principal of and interest on any Prior Lien Obligations hereafter issued by the Authority and the amounts required to be deposited in any reserve, contingency, or redemption fund or account created for the payment and security of any Prior Lien Obligations, and any other obligations or evidences of indebtedness issued or incurred that are payable from and secured solely by a prior and first lien on and pledge of the Net Revenues of the System; (3) to produce Net Revenues, together with any other lawfully available funds, sufficient to pay the principal of and interest on any Junior Lien Obligations hereafter issued by the Authority and the amounts required to be deposited in any reserve, contingency, or redemption fund or account created forthe payment and security of any Junior Lien Obligations, and any other obligations or evidences of indebtedness issued or incurred that are payable from and secured solely by a junior and inferior lien on and pledge of the Net Revenues of the System; (4) to produce Net Revenues, together with any other lawfully available funds, sufficient to pay the principal of and interest on anyInferior Lien Obligations hereafter issued by the Authority and the amounts required to be deposited in any reserve, contingency, or redemption fund or account created for the payment and security of any Inferior Lien Obligations, and any other obligations or evidences of indebtedness issued or incurred that are payable from and secured solely by a subordinate and inferior lien on and pledge of the Net Revenues of the System; and (5) to produce Net Revenues, together with any other lawfully available funds, including Special Payments, topay the principal of and interest on the Bonds Similarly Secured as the same become due and payable and to deposit the amounts required to be deposited in any special fund or account created and established for the payment andsecurity of the Bonds Similarly Secured. However, the Bonds Similarly Secured,

are secured solely by a lien on and pledge of the Special Payments, which consists of the Annual Payment as a portion of the Annual Requirement to be paidto the Authority initially solely by the City pursuant to the Contract.

5. PROJECT: The Southern Wastewater Treatment Plant is a joint effort by the City of Cibolo and the Authority to bring wastewater service to Southern Schertz, Southern Cibolo, and the Interstate 10 Corridor.

SYSTEM DESCRIPTION AND PERTINENT CONTRACTS

WASTEWATER TREATMENT CONTRACTS The Authority was created to provide a regional waste treatment system to a 28,672 acre area which includes portions of Bexar, Comal, and Guadalupe Counties.

Entity % of Total RevenueCity of Universal City 10.60%City of Schertz 28.41Randolph Air Force Base 4.31San Antonio Water System 5.99City of Cibolo 18.45City of Selma 8.82City of Live Oak 2.50

The Cities agree to pay the Authority a single monthly payment composed of: a) Base monthly charge - a pro rata cost of maintenance and operation expense of the system; b) Sewer charge - a pro-rata share of the system's debt service c) Additional monthly charge - an amount charge for the treatment of each 1,000 gallons of inadmissible discharge into the system.

Randolph Air Force Base: On August 13, 1976 CCMA entered into a contract with the Federal Government to provide wastewater treatment to Randolph AFB. The contract continues until such time as Randolph AFB provides a sixty day notice of cancellation.

RATES AND FEES

Sewer/Wastewater Rates

Old Rates (Effective as of October 1, 2016)Impact Fees - $1,800.00*

$3.35/M gallons

* One-time charge per connection.

New Rates (Effective as of October 1, 2017)Impact Fees - $1,800.00*

$3.58/M gallons

* One-time charge per connection.

AUTHORIZED BUT UNISSUED

REVENUE BONDS AUTHORIZED BUT UNISSUED None

PENSION FUND LIABILITY

PENSION FUND LIABILITY Employees of the Authority participate in an eligible state deferred compensation plan under Section 457 of the IRS Act of 1986. Participation is mandatory after ninety days employment. Each employee contributes a minimum of 6% of their gross salary with a matching 10% provided by the Authority. The Authority does not participate in the U.S. Social Securityprogram. The total payroll for the fiscal year September 30, 2018 was $2,169,913. The Authority contributed $396,169 to the plan for the fiscal year ended September 30, 2018.

ECONOMIC BACKGROUND





Cibolo Creek Municipal Authority was created in 1971 as a conservation and reclamation district for the purpose of providing a regional sewer system for anarea comprising some 58.26 square miles and encompassing the City of Schertz, the City of Cibolo, and parts of the Cities of Live Oak, Universal City, San Antonio, Selma, and the Randolph Air Force Base, all of which lie within the Austin-San Antonio growth corridor. The economy of the area is dominated by Randolph Air Force Base. A mall within the Authority's boundaries stimulates commercial and residential development.

COUNTY CHARACTERISTICS: Bexar County was created in 1836. The south central Texas county is the major component of the San Antonio Metropolitan Statistical Area and is traversed by Interstate Highways 10 and 35, four U.S. Highways, and two State Highways.

COUNTY SEAT: San Antonio

2010 census: 1,714,773 increasing 23.1% since 20002000 census: 1,392,931 increasing 17.5% since 19901990 census: 1,185,394

ECONOMIC BASEMineral: sand, limestone and gravel.

Industry: tourism, military bases, medical/biomedical research & services, government and education center.

Agricultural: nursery crops, hay, grain sorghum, corn and beef cattle.

OIL AND GAS - 2017The county ranks 165 out of all the counties in Texas for oil production.

OIL PRODUCTION (Texas Railroad Commission)Year Description Volume % Change From Previous Year2015 Oil 95,355 BBL -19.88 2016 Oil 128,211 BBL 34.46 2017 Oil 74,078 BBL -42.22

CASINGHEAD (Texas Railroad Commission)Year Description Volume % Change From Previous Year2015 Casinghead 23 MCF -4.17 2016 Casinghead 59,809 MCF 259,939.13 2017 Casinghead 22 MCF -99.96

PARKS (Texas Parks & Wildlife)Year Description Volume 2015 Government Canyon State Natural Area 54,987 Visitors 2016 Government Canyon State Natural Area 72,321 Visitors 2017 Government Canyon State Natural Area 81,353 Visitors 2018 Government Canyon State Natural Area 80,767 Visitors 2015 San Antonio Missions National Historic Park 1,322,154 Visitors 2016 San Antonio Missions National Historic Park 1,358,911 Visitors

CIVIL / MILITARY PERSONNEL (TEXAS MILITARY PREPAREDNESS COMMISSION)Year Description Volume 2015 Joint Base San Antonio 79,601 Members Prepared Bi-Annually.2016 Joint Base San Antonio N/A 2017 Joint Base San Antonio 51,314 Members


EMPLOYMENT DATA (Texas Workforce Commission) 2018 2017 2016 Employed Earnings Employed Earnings Employed Earnings 1st Q: 855,381 $11.2B 848,200 $10.8B 830,742 $10.1B

2nd Q: 865,683 $10.6B 853,681 $10.1B 839,061 $9.6B 3rd Q: N/A N/A 852,605 $10.0B 841,750 $10.0B 4th Q: N/A N/A 862,793 $11.0B 853,919 $10.6B

MAJOR COLLEGES AND UNIVERSITIES: University of the Incarnate Word of San Antonio, University of Texas at San Antonio, Trinity University, The University of Texas Health Science Center at San Antonio, Texas A&M University - San Antonio, St. Mary's University, Our Lady of the Lake University, Alamo CommunityCollege District



General ManagerClint Ellis 100 Dietz RoadSchertz, TX 78154Phone: 210-658-6241Fax: [email protected]

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