Montana Board of Housing, Department of Commerce Financial Audit for the Fiscal Year Ended June 30, ... 1995

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9,725,000 9.465.000 9,615,000 Total bonds outstanding 13,770,000 13,980,000 Unamortized bond premiums 53.729 55,945 Total Multifamily Mortgage bonds payable, net 13.823.729 14.035.945 Combined total bonds payable, net $ 424.427.299 $452.484.745 All multifamily bonds are subject to mandatory sinking fund requirements of scheduled amounts commencing at various dates and to optional redemption after various dates at prices ranging from 1 00% to 105%.
17 Single Family Mortgage Proaram Funds Multifa
...mily Mortgage Proaram Funds $ 1,068,860 S 1,068,352 1,071,563 1 ,068,730 1,069,857 Principal Totals Interest Totals $ 38,545,549 38,322,738 38,044,978 37,905,515 37,945,153 i 13,625,000 14,320,000 14,560,000 15,021,300 15,608,776 $ 25,989,409 25,071,090 24,556,540 23,952,945 23,406,234 MONTANA BOARD OF HOUSING A Component Unit of the State of Montana NOTES TO THE FINANCIAL STATEMENTS(continued) June 30, 1995 and 1994 NOTE 8. BONDS PAYABLE. NET - continued The following is a primary summary of bond principal and interest requirements as of June 30, 1 995: Year Ending June 30: 1996 1997 1998 1999 2000 Thereafter 700.540.184 23.144.059 351.257.656 372.426.588 Total $ 891.304.117 $ 28.491.421 S 424.392.732 $ 495.402.806 Cash paid for interest expenses during the years ending June 30, 1995 and 1994 was $26,614,423 and $31 ,762,438.

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