Page 246 - Honorable Mayor and Members of the City Council

DEBT SERVICE FUND
SUMMARY OF REVENUES AND EXPENDITURES
FUND BALANCE SUMMARY
2018-19

FUND DESCRIPTION
The City of Benbrook Debt Service Fund was created by Ordinance 404, which was adopted August 25, 1975. The
ordinance authorizes a tax to be levied on all real and personal property with the proceeds from said tax used to retire
the principal and interest on all general purpose indebtedness. The Debt Service Fund accounts for the
accumulation of resources, and the payment of general long-term principal and interest.

BUDGET
2018-19
BEGINNING BALANCE 166,288
REVENUES
Ad Valorem Taxes 686,793
Use of Money & Property -
TOTAL REVENUES 686,793
TOTAL FUNDS AVAILABLE 853,081
EXPENDITURES
Bond Principal Retirements 870,000
Certificate of Obligation Retirements -
Long-Term Note Retirements -
Interest Expenses 99,940
Agent Fees and Other Expenditures 3,800
TOTAL EXPENDITURES 973,740
AVAILABLE OVER (UNDER) EXPENDITURES (120,659)
OTHER FINANCING SOURCES (USES)
Transfers-In 504,744
Transfers-Out -
TOTAL OTHER FINANCING SOURCES (USES) 504,744
ENDING BALANCE 384,085

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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