Page 170 - Colleyville FY19 Budget

DEBT SERVICE FUND SUMMARY

ACTUAL PROJECTED BUDGET PROJECTED PROJECTED PROJECTED PROJECTED
FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
BEGINNING FUND BALANCE - 10/1 642,704 693,195 692,695 692,695 692,695 692,695 692,695
FUND REVENUES
Current Property Taxes 730,737 810,367 682,115 566,723 563,723 566,198 563,298
Delinquent Property Taxes 1,316 5,000 5,000 5,000 5,000 5,000 5,000
Penalty & Interest 4,000 5,000 5,000 5,000 5,000 5,000 5,000
Transfer-in CCCPD Fund** 503,862 501,845 509,100 0 0 0 0
Transfer-in TIF Fund** 655,781 654,200 653,725 654,675 0 0 0
Interest Income/Other 6,815 5,000 5,000 5,000 5,000 5,000 5,000
Use of Available Cash 0 0 0 0 0 0 0
TOTAL REVENUES 1,902,511 1,981,412 1,859,940 1,236,398 578,723 581,198 578,298
FUND EXPENDITURES
2006 G.O. Refunding Bonds 542,229 538,938 549,828 0 0 0 0
2007 G.O. Bonds 153,000 0 0 0 0 0 0
2011 G.O. Refunding Bonds 169,950 165,450 170,000 173,400 0 0 0
2016 G.O. Refunding Bonds 776,466 933,450 923,300 963,025 478,750 481,225 478,325
2016 Engine Lease 48,485 48,485 48,485 48,485 48,485 48,485 48,485
Ambulance Lease 43,531 50,000 49,988 49,988 49,988 49,988 49,988
Motorola Radio Tower Lease 0 0 0 0 0 0 0
2017 Ambulance Lease down payment 0 127,500 0 0 0 0 0
2010 Fire Truck Lease 116,839 116,839 116,839 0 0 0 0
Paying Agent 1,519 1,250 1,500 1,500 1,500 1,500 1,500
TOTAL EXPENDITURES 1,852,019 1,981,912 1,859,940 1,236,398 578,723 581,198 578,298
LESS USE OF AVAILABLE CASH 0 0 0 0 0 0 0
ENDING FUND BALANCE - 9/30 693,195 692,695 692,695 692,695 692,695 692,695 692,695

** The 2006 G.O. Refunding Bonds include a refinance of debt paid from sales tax collected by the Colleyville Crime Control
and Prevention District (CCCPD) Fund. The 2016 G.O. Refunding Bonds include a refinance of debt from the Tax Increment
Financing (TIF) Fund. The transfers in from the CCCPD and TIF Funds are shown as a revenues in the Debt Service Fund,
which pay those funds' respective portion of the debt.

Note: The City of Colleyville has been focused on reducing and eliminating debt, working toward a pay as you go method.
All recent debt issuances are refundings; new tax supported debt has not been issued since 2007.

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