TOWN LEDGER · HILLSBOROUGHWATER & SEWER LOAN PROJECTS
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Future Outlook · Utilities

The projects behind the debt payments

Seven existing loans and ten future loans make up this Water & Sewer schedule. Choose a year to see how their payments add up. The debt chart shows payments through FY2039; this schedule continues through FY2048.

Principal + interest

How the payments add up

$2.7MExisting loans
+
$3.6MFuture loans
=
$6.4MFY2033 total debt payments

This year shows debt payments only. A full Water & Sewer funding and spending outlook after FY2029 is not shown.

The table uses exact dollars; totals above are rounded to one decimal in millions.

Loan projectCategoryAnnual payment
Adron F. Thompson FacilityExisting$647,234
Lawndale Basin RehabilitationExisting$34,118
North Campus AnnexExisting$39,126
South Zone Water TankExisting$94,122
Wastewater Treatment Plant UpgradeExisting$934,224
West Fork Eno Reservoir Phase II 2018 BondsExisting$977,094
West Fork Eno Reservoir Phase II 2020 BondsExisting$0
ADam RepairsFuture$329,933
BEno River Interceptors · EastFuture$404,054
CElizabeth Brady Pump StationFuture$453,266
DUS-70A Business WaterFuture$224,875
ESewer Equalization BasinFuture$284,910
FExchange Club InterceptorsFuture$323,761
GHasell Water TankFuture$678,604
HEno River Interceptors · WestFuture$194,097
ICates CreekFuture$569,820
JBellevue MillFuture$170,946
Total debt payments$6,360,184
Back to the debt chart →

Project cost, funding and repayments

A project budget shows the planned cost. Cash contributions and borrowing explain how it is funded. Annual loan repayments include principal and interest. The full project budget is not added again to the spending line.

Existing loans

The blue portions of the bars show payments on these seven loans. These records show scheduled loan payments. They do not confirm the original project budgets or the Town’s original cash contributions.

Adron F. Thompson Facility

$647,234Scheduled payment in FY2033
Years shown from FY2027
20 fiscal years
Last scheduled payment
FY2046

Source: Debt Service Projections — Adron F. Thompson Facility repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D16:Y16

Lawndale Basin Rehabilitation

$34,118Scheduled payment in FY2033
Years shown from FY2027
20 fiscal years
Last scheduled payment
FY2046

Source: Debt Service Projections — Lawndale Basin Rehabilitation repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D17:Y17

North Campus Annex

$39,126Scheduled payment in FY2033
Years shown from FY2027
7 fiscal years
Last scheduled payment
FY2033

Source: Debt Service Projections — North Campus Annex repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D18:Y18

South Zone Water Tank

$94,122Scheduled payment in FY2033
Years shown from FY2027
9 fiscal years
Last scheduled payment
FY2035

Source: Debt Service Projections — South Zone Water Tank repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D19:Y19

Wastewater Treatment Plant Upgrade

$934,224Scheduled payment in FY2033
Years shown from FY2027
8 fiscal years
Last scheduled payment
FY2034

Source: Debt Service Projections — Wastewater Treatment Plant Upgrade repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D20:Y20

West Fork Eno Reservoir Phase II 2018 Bonds

$977,094Scheduled payment in FY2033
Years shown from FY2027
17 fiscal years
Last scheduled payment
FY2043

Source: Debt Service Projections — West Fork Eno Reservoir Phase II 2018 Bonds repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D21:Y21

West Fork Eno Reservoir Phase II 2020 Bonds

$0Scheduled payment in FY2033
Years shown from FY2027
4 fiscal years
Last scheduled payment
FY2030

Source: Debt Service Projections — West Fork Eno Reservoir Phase II 2020 Bonds repayment schedule.

Workbook reference

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D22:Y22

Future loans

The orange portions of the bars show payments on these ten loans. Letters A–J match the chart. The first payment year is different from a construction start year.

ADam Repairs

Town project name: West Fork Eno Reservoir Dam Repairs

Project estimate in the plan
$2.9MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$195,540 in FY2027Plus $23,290 in the current project budget; payment date not supplied.
Other planned funding
$149,350 in FEMA reimbursementsCurrent budget and future funding combined; dates in source details.
Borrowing in the capital plan
$2,547,660 in FY2027The debt schedule does not supply the matching loan amount, rate or term.

The plan’s summary and detailed cost table differ by $54,520. This estimate follows the summary.

Annual loan payment · principal + interest$329,933Scheduled payment in FY2033
Payment years shown
11 fiscal years
Payment years
FY2028–FY2038
Loan term
Not supplied
Budget details & sources

Project estimate: $115,840 current project budget + $2,800,000 of planned project outlays = $2,915,840. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Grants / reimbursements: $92,550 in the current project budget; $56,800 in FY2027.

The summary and funding plan show $2.8M in 2027; the detail expenditure table totals $2,745,480. The $54,520 difference remains unresolved.

CIP borrowing is $2,547,660 FY2027; loan-assumption principal, interest rate and term are not present in the debt workbook. Do not substitute the $2.8M capital funding plan as loan principal.

CIP page 72 cites a preliminary repair estimate of $2M–$3M; extent of repairs depends on further investigation.

Scheduled repayments are $164,967 in FY2028, $329,933 a year in FY2029–FY2037, and $164,967 in FY2038.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 72–73.

Source: Debt Service Projections — Dam Repairs repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D23:Y23

BEno River Interceptors · East

Town project name: Eno River Interceptors Upgrade - East

Project estimate in the plan
$6.0MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
No separate fund transfer listedThe funding plan uses the borrowing and other sources shown here.
Other planned funding
$2,830,000 in development and facilities feesCurrent budget and future funding combined; dates in source details.
Planned borrowing
$3,120,000 in FY2029

The plan’s narrative and funding table describe different borrowing amounts. This card follows the funding table and debt schedule.

Annual loan payment · principal + interest$404,054Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2030–FY2039
Assumed interest rate
5%
Budget details & sources

Project estimate: $750,000 current project budget + $5,200,000 of planned project outlays = $5,950,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Capital facilities fees: $750,000 in the current project budget.

System development fees: $2,080,000 in FY2027.

The narrative seeks a $5.2M construction loan; the table instead splits $5.2M between fees and debt.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 40–41.

Source: Debt Service Projections — Eno River Interceptors · East repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D31:Y31; 'Projected Assumptions'!C20:H20

CElizabeth Brady Pump Station

Town project name: Elizabeth Brady Pump Station and Force Main Upgrade

Project estimate in the plan
$5.3MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$250,000 in the current project budgetPayment date not supplied; no further fund transfer listed for FY2027–FY2033.
Other planned funding
$1,550,000 in development and facilities feesCurrent budget and future funding combined; dates in source details.
Planned borrowing
$3,500,000 in FY2029
Annual loan payment · principal + interest$453,266Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2030–FY2039
Assumed interest rate
5%
Budget details & sources

Project estimate: $1,000,000 current project budget + $4,300,000 of planned project outlays = $5,300,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

System development fees: $450,000 in the current project budget; $800,000 in FY2027.

Capital facilities fees: $300,000 in the current project budget.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 38–39.

Source: Debt Service Projections — Elizabeth Brady Pump Station repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D32:Y32; 'Projected Assumptions'!C21:H21

DUS-70A Business Water

Town project name: US-70A Business Water Improvements

Project estimate in the plan
$5.7MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
No separate fund transfer listedThe funding plan uses the borrowing and other sources shown here.
Other planned funding
$3,938,574 in fees and a grantCurrent budget and future funding combined; dates in source details.
Planned borrowing
$1,736,426 in FY2030
Annual loan payment · principal + interest$224,875Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2031–FY2040
Assumed interest rate
5%
Budget details & sources

Project estimate: $305,000 current project budget + $5,370,000 of planned project outlays = $5,675,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

System development fees: $275,000 in the current project budget; $50,000 in FY2029; $2,357,131 in FY2030.

Grants / reimbursements: $30,000 in the current project budget.

Capital facilities fees: $1,226,443 in FY2030.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 62–63.

Source: Debt Service Projections — US-70A Business Water repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D27:Y27; 'Projected Assumptions'!C16:H16

ESewer Equalization Basin

Project estimate in the plan
$2.2MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
No separate fund transfer listedThe funding plan uses the borrowing and other sources shown here.
Planned borrowing
$2,200,000 in FY2030
Annual loan payment · principal + interest$284,910Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2031–FY2040
Assumed interest rate
5%
Budget details & sources

Project estimate: $0 current project budget + $2,200,000 of planned project outlays = $2,200,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 46–47.

Source: Debt Service Projections — Sewer Equalization Basin repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D28:Y28; 'Projected Assumptions'!C17:H17

FExchange Club Interceptors

Project estimate in the plan
$2.9MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$360,000 in the current project budgetPayment date not supplied; no further fund transfer listed for FY2027–FY2033.
Other planned funding
$20,000 in development feesCurrent budget and future funding combined; dates in source details.
Planned borrowing
$2,500,000 in FY2030
Annual loan payment · principal + interest$323,761Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2031–FY2040
Assumed interest rate
5%
Budget details & sources

Project estimate: $380,000 current project budget + $2,500,000 of planned project outlays = $2,880,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

System development fees: $20,000 in the current project budget.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 44–45.

Source: Debt Service Projections — Exchange Club Interceptors repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D30:Y30; 'Projected Assumptions'!C19:H19

GHasell Water Tank

Town project name: Hasell Water Tank Replacement

Project estimate in the plan
$5.8MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$395,000 in FY2030Plus $95,000 in the current project budget; payment date not supplied.
Other planned funding
$115,000 in prior-project funds, bond proceeds and a grantCurrent budget and future funding combined; dates in source details.
Planned borrowing
$5,240,000 in FY2031

The plan’s narrative describes different funding sources. This card follows the funding table and debt schedule.

Annual loan payment · principal + interest$678,604Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2032–FY2041
Assumed interest rate
5%
Budget details & sources

Project estimate: $210,000 current project budget + $5,635,000 of planned project outlays = $5,845,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Remaining funds from prior project: $43,522 in the current project budget.

Grants / reimbursements: $40,000 in the current project budget.

Remaining bond proceeds from prior project: $31,478 in the current project budget.

The narrative describes leftover funds, development fees and operating transfers; it does not match the future debt shown in the table.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 56–57.

Source: Debt Service Projections — Hasell Water Tank repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D24:Y24; 'Projected Assumptions'!C13:H13

HEno River Interceptors · West

Town project name: Eno River Interceptors Upgrade - West

Project estimate in the plan
$2.1MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$350,000 in FY2030
Planned borrowing
$1,790,000 in FY2031
Annual loan payment · principal + interest$194,097Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2032–FY2041
Assumed interest rate
1.5%
Budget details & sources

Project estimate: $0 current project budget + $2,140,000 of planned project outlays = $2,140,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 42–43.

Source: Debt Service Projections — Eno River Interceptors · West repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D25:Y25; 'Projected Assumptions'!C14:H14

ICates Creek

Town project name: Cates Creek Outfall Upgrade

Project estimate in the plan
$8.4MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$517,538 in FY2032; $100,000 in FY2033Plus $195,000 in the current project budget; payment date not supplied.
Other planned funding
$3,187,462 in developer contributions and assessmentsCurrent budget and future funding combined; dates in source details.
Planned borrowing
$4,400,000 in FY2032

The plan’s narrative and tables differ on timing. This card follows the tables.

Annual loan payment · principal + interest$569,820Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2033–FY2042
Assumed interest rate
5%
Budget details & sources

Project estimate: $195,000 current project budget + $8,205,000 of planned project outlays = $8,400,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Developer contribution: $1,708,498 in FY2027.

Special assessment revenue: $996,502 in FY2027; $225,000 in FY2031; $257,462 in FY2032.

These are planned funding sources, not verified receipts or executed commitments. The narrative timeline differs from the expenditure table; the table controls the displayed schedule.

Narrative page 36 lists a different sequence and amounts; use the page 37 expenditure/funding table for this display. Do not total narrative and table together.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 36–37.

Source: Debt Service Projections — Cates Creek repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D26:Y26; 'Projected Assumptions'!C15:H15

JBellevue Mill

Town project name: Bellevue Mill Interceptor Upgrade

Project estimate in the plan
$1.5MCurrent budget + planned project outlays through FY2033
Water & Sewer cash contributions
$140,000 in FY2030; $40,000 in FY2031
Planned borrowing
$1,320,000 in FY2032
Annual loan payment · principal + interest$170,946Scheduled payment in FY2033
Repayment term
10 years
Payment years
FY2033–FY2042
Assumed interest rate
5%
Budget details & sources

Project estimate: $0 current project budget + $1,500,000 of planned project outlays = $1,500,000. Current budget does not mean money already spent. This is the cost covered by this plan, not a complete lifetime cost.

Source: FY2027–FY2033 Capital Improvements Plan, PDF pp. 34–35.

Source: Debt Service Projections — Bellevue Mill repayment schedule.

Workbook: Debt Service Projections.xlsx
Cell references: Debt!D29:Y29; 'Projected Assumptions'!C18:H18

Sources & how to read this

Project funding. Project costs and cash contributions come from the Town’s FY2027–FY2033 Capital Improvements Plan preserved in Cryer v52. Project estimates combine the current project budget and planned project outlays through FY2033, excluding identified running costs. They are not complete lifetime costs. Current project budgets are budget amounts, not proof of money already spent. Borrowing and repayments follow the debt schedule except where a card identifies a capital-plan figure. Project running costs are separate and are not fully specified for every project.

Payment schedule. Payments come from the Town-supplied Debt Service Projections.xlsx, preserved in the Cryer v52 model. The Debt sheet lists annual payments for these 17 Water & Sewer loans. Their payments add up to the Town’s totals for every year shown.

Years covered. The utility overview shows total funding and spending through FY2029, and debt payments through FY2039. This loan schedule covers FY2027–FY2048. From FY2030 onward, the figures here show debt payments only. They do not show the utility’s total spending or any gap between funding and spending.

Existing and future loans. The Town’s schedule groups payments into existing loans and planned borrowing. This page follows those two groups. It includes only the loans in that schedule. A zero means no payment is shown for that loan in the selected year. “Last scheduled payment” means the last year with a payment in the supplied schedule.

Loan assumptions. The Projected Assumptions sheet gives planned borrowing amounts, interest rates and terms for nine of the ten future loans. Dam Repairs has a payment schedule but no matching loan assumptions. The amounts here follow the annual payment schedule; they are not recalculated from the assumptions.

Project names and timing. Full Town project names and source cells appear on the cards. Existing loans began before this schedule starts. Their year counts show the remaining payment schedule from FY2027, not their original loan terms. The first payment year for a future loan is not its construction start year. The schedule does not fully describe what each existing loan paid for.

Amounts. Payments include principal and interest together; the source does not separate them by year. Dollar amounts are not adjusted for inflation. For FY2027–FY2029, these payments are included in the Water & Sewer spending totals in the overview.