Authorized
—
no village reso on file
Principal paid
$100K
across FY 22/23 → FY 26/27
Outstanding (est.)
?
Years to payoff (est.)
—
at $26,000/yr principal
Annual debt service has held roughly flat across the years we have data for.
Payment history
Annual debt service across every fiscal year column the source budget doc carries. Stack segments separate principal (the part that pays down the loan), interest (the cost of borrowing), and reserve (where applicable, contractually required set-aside).
| FY | Principal | Interest | Reserve | Total |
|---|---|---|---|---|
| FY 22/23 | $24,000 | $22,043 | $0 | $46,043 |
| FY 23/24 | $25,000 | $19,730 | $0 | $44,730 |
| FY 24/25 | $25,000 | $19,230 | $0 | $44,230 |
| FY 25/26 | $26,000 | $18,720 | $0 | $44,720 |
| FY 26/27 | $26,000 | $18,200 | $0 | $44,200 |
| Total to date | $100,000 | $97,923 | $0 | $223,923 |
No authorizing village resolution on file. This is likely a federal loan (USDA-Rural Development) or state financing instrument (NYS EFC for WIIA projects) where the face-value-bearing document is the federal/state loan agreement, not a village board resolution. We can only see the village’s debt-service payments out of the budget, not the original loan terms.