VILLAGE OF BUFFALO GROVE, ILLINOIS

Notes to the Financial Statements

December 31, 2022

NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued

LONG-TERM DEBT

General Obligation Bonds

The Village issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds have been issued for governmental activities. General obligation bonds are direct obligations and pledge the full faith and credit of the Village. General obligation bonds currently outstanding are as follows:

$6,000,000 General Obligation

Bondsof2012 - Due in annual installments of$100,0000 to $750,000plus interestat 2.00% to 2.75% through June 30, 2030.

$6,125,000 General Obligation

Bondsof2016 - Due in annual installments of$300,000 to $730,000plus interestat 2.00% to 3.00% through December 30, 2031.

$1,449,275 General Obligation

RefundingBondsof2019 - Due in annual installments of$234,030 to $251,180plus interestat 1.40% to 1.80% through December 30, 2025.

$24,000,000 General Obligation

Bondsof2020 - Due in annual installments of$1,330,000 to $1,840,000plus interestat 3.00% to 5.00%through December 30, 2035.

$19,000,000 General Obligation

Bondsof2022 - Due in annual installments of$1,330,000 to $1,840,000plus interestat 3.00% to 5.00%through December 30, 2042.