Sample Reports

• Debt Service Consolidation
• Debt Service Schedule
• Bond Production
• Millage Impact Analysis
• Tax Levy Report
• Accreted Value Report
• Debt Service Savings
• Crossover Savings

• One current and multiple prior (consolidated) bond issues can be simultaneously controlled, each having up to 512 repayment dates and amounts.
  
  
• Operates on microcomputers, under a DOS environment, and utilizes the initial 640K area of conventional memory (540K of free space is recommended). All the MICRO-MUNI Ò DEBT program files can be copied directly to your hard disk and utilize approximately 2 million bytes of storage space.
  
  
• MICRO-MUNI Ò DEBT is a command driven system, often with several options available under one command. For example the INPUT command provides a menu of input screens. Data entry screens simplify input and provide immediate validation of data entry items (e.g. valid maturity dates).
  
  
• Y2K compliant. All dates are processed and saved in your data files as four (4) digit years, two (2) digit months, and two (2) digit days (e.g. the year 1/15/2001 is saved as 20010115). MICRO-MUNI Ò DEBT will accept valid input years well into the next millenium (years up to the year 3000 if your are still around).
  
  
• Multiple Bond Types can be entered for each bond issue. The bond types are: Standard (Current Interest Bonds), CABS (Capital Appreciation Bonds), Notes, 4) Term Bonds and 5) Term CAB (Term Capital Appreciation Bonds)
  
  
• Several Bond Debt Service Solutions are available for determining the repayment amounts for bond maturities. The bond solutions available are: LEVEL (level debt service payments), ACCELERATED (front loaded bond debt service), DEFERRED (back loaded bond debt service), UNIFORM (proportional debt service based on a user defined maximum allowable debt service schedule), FILL (determines the maximum amount of bonds that can be issued based on a user defined maximum debt service schedule), EQUAL (equal principal payments), LVY (principal repayment amounts that provide a level levy impact based on an initial taxable valuation amount for the first fiscal year and (if desired) percentage escalations per year.
  
  
• Bond solutions can solve around some fixed maturity amounts, and can also be forced to consider existing debt service. Moreover, bond solutions can be determined for a mix of Current Interest Bonds, Notes, Capital Appreciation Bonds, and Term Bonds or Term Capital Appreciation Bonds.
  
  
• Municipal Bonds can be priced using either MSRB (Municipal Securities Rule-making Board) Rule G-33 or via formulas from the Standard Securities Calculations Methods manual. Bonds can be priced to obtain Gross Production, Spread, Production by Maturity, Bonds Years, NIC, changes in NIC for each dollar change in profit, TIC, weighted average life, weighted bond years, and weighted NIC. Setting CALL options will automatically price bonds to maturity and to call and then select the least price.
  
  
• Several Reports are available to evaluate bond issue cash flows, such as: Bond Debt Service, Combined Debt Service of new and outstanding bonds, Savings Report of gross and present value savings, Mill Impact of proposed and outstanding debt, and a Call Report of the adjusted cash flows associated with redeeming bonds prior to maturity for an advanced refunding.
  
  
• Accreted Value Reports for Capital Appreciation Bonds. Four accretion calculations methods are available, such as 1) Future Value accretion based on Stated Yield to Maturity, 2) Future Value Accretions based on Actual Yield to Maturity, 3) Present Value of Future receipts at Stated Yield to Maturity, and 4) Re-pricing the CAB on each debt service payment date.
  
  
• Bonds can be called (redeemed) on any date between delivery and the bonds final maturity date. Capital Appreciation Bonds are called at their accreted value.
  
  
• Present Value Calculations (Discounted Cash Flows) can be obtained for single or multiple bond issues, savings between bond issues, and for the Gross Yield (Maximum Allowable Refunding Yield) for restricted yielding escrows.
  
  
• Several bond issues can be saved separately within on data file (each identified by a unique keyname), and two or more can be consolidated with the use of one command.
  
  
• Bond insurance can be calculated by maturity and up to five different bond insurers can be used to insure any bond maturity.