Page 126 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

CITY OF FOREST HILL
DEBT SERVICE FUND (30)
SUMMARY OF REVENUES, EXPENDITURES, OTHER FINANCING SOURCES AND USES, AND
CHANGES IN FUND BALANCE
FY 2018-2019

ADOPTED
ACTUAL BUDGET ESTIMATE BUDGET
2016-17 2017-18 2017-18 2018-19
REVENUES
PROPERTY TAXES CURRENT $ 517,698 $ 506,754 $ 588,447 $ 677.044
PROPERTY TAXES DELINQUENT 17,841 8,000 20,000 22.900
PENALTY & INTEREST 12,034 13,500 10,000 6.100
INTEREST 2,275 2,000 (1,400) 400
TOTAL REVENUES 548,848 530,254 617,047 706,444
EXPENDITURES
DEBT SERVICE
PRINCIPAL - GO REFUNDING 2005 - - - -
INTEREST - GO REFUNDING 2005 - - - -
PRINCIPAL - CO SERIES 2002 - - - -
INTEREST - CO SERIES 2002 - - - -
PRINCIPAL - CO SERIES 2005 - - - -
INTEREST - CO SERIES 2005 - - - -
PRINCIPAL - CO SERIES 2007 120,000 125,000 125,000 135,000
INTEREST - CO SERIES 2007 67,068 61,997 61,997 56,615
PRINCIPAL - CO SERIES 2009 145,000 80,000 80,000 85,000
INTEREST - CO SERIES 2009 41,918 37,782 37,781 34,481
PRINCIPAL - GO REFUNDING 2011 133,950 173,850 173,850 173,850
INTEREST - GO REFUNDING 2011 30,474 26,626 26,626 21,845
PRINCIPAL – GO REFUNDING 2014 395,000 140,000 140,000 145,000
INTEREST – GO REFUNDING 2014 34,323 27,753 27,753 24,253
AGENT FEES 828 1,000 855 1,000
TOTAL EXPENDITURES 968,561 674,008 673,862 677,044

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES (419,713) (143,754) (56,815) 29,400

OTHER FINANCING SOURCES (USES)
DEFERRED INFLOW 72,439
TRF FROM GENERAL FUND - - - -
TRF FROM COMMUNITY DEVELOPMENT CORP 429,323 167,753 167,753 169,253

NET TOTAL OTHER FINANCING SOURCES (USES) 501,762 167,753 167,753 169,253

EXCESS OF REVENUES AND OTHER FINANCING
NET INCREASE (DECREASE) IN RESOURCES
AND OTHER FINANCING USES FOR FISCAL YEAR ENDED 82,049 23,999 110,938 198,653

ACCRUAL ADJUSTMENT FOR GAAP - -
BEGINNING UNRESERVED FUND BALANCE, OCTOBER 1 176,793 258,842 258,842 369,780
ENDING UNRESERVED FUND BALANCE, SEPTEMBER 30 $ 258,842 $ 282,841 $ 369,780 $ 568,433

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