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<br /> Refinancing Savings Analysis
<br /> A 1# C D
<br /> 2014 IPC(Bank of 2014 Revolving Loan 2DV lFC(Sterling)
<br /> Refunding Tax Status Tax-Exempt Tax-Exempt Taxable Taxable
<br /> Refunding Type Current Current Advance Advance
<br /> Summary of Bonds Refunded'.
<br /> Maturities 2/1/2022-2/1/2029 5/1/2022-5/1/2034 10/V2023-10/1/2024 6/1/2023-6/V2037 5/V2021-6/1/2037
<br /> Refunded Bonds $3,596,D04 $754,997 $3,865,DDD $9,$89,DOD $15,104,997
<br /> Refunded Bonds Call Date 8/1/2021 Current 10/1/2022 12/V2022
<br /> Call Price 1DD.Cr% 100.0°% LD1D.0% 101-0% IM0%-10L096
<br /> Average Coupon of Refunded Bonds 2.423% 2.000% 5.000% 2.83M 3.627%
<br /> Par Amount $ 3,250,DDO $ 650,DDD $ 4,215,DDD $ 10,525,00D $ 18,640,DDD
<br /> Premium 432,694 117,483 - $ 550,177
<br /> Total Sources S 3,682,694 S 76T,483 $ 4,215,DD4 $ 10,525,004 $ 191190,177
<br /> Refunding Escrow Deposits-Cash Deposit $ 0.54 $ 757,220 $ o.D7 $ OM $ 757,221
<br /> Refunding Escrow Deposits-SLGS Purchases 3,639,565 - 4,151521 10,373,D72 1$,153,958
<br /> Cost of Issuance 30,607 6,121 39,695 99,12D 175,543
<br /> Underwriter's Discount 16,250 3,250 2LD75 52.625 93,2DO
<br /> Additional Proceeds {3,729) 892 2,909 183 255
<br /> Total Uses S 3,882,694 S 787,483 $ 4,215,00- $ 10,525,000 $ 19,190,17T
<br /> True Interest Cost 0.CM% 1.189% 0.530% L875% L521%
<br /> Arbitrage Yield 1.264% 1.264% 1_264% 1.264% L264%
<br /> Final Maturity 11/15/2028 11/1.5/2033 11/15/2024 11/15/2036 11/15/2036
<br /> Refunding Statistics:
<br /> Gross Savings $ 224.979 $ 39,113 $ 189.991 $ 210.344 $ 664.427
<br /> NPV Savings($)* $ 203.195 $ 33,213 $ 1-93,682 $ 125,238 $ 555.318
<br /> NPV Savings(%of Refunded Par) 5.650% 4.399% 5.011% L266% 3,067%
<br /> ORANGE COUNTY
<br /> NORTH CAROLINA
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