Page 128 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

City of Forest Hill
Annual Debt Service Funding Sources

For the Fiscal Year Beginning October 1, 2018

Community Debt Service Fund
Development Fund (I&S AD Valorem
Fiscal Year Utility Fund (Sales Tax) Taxes) Total
2019 147,630 184,455 528,925 861,010
2020 145,813 183,290 525,131 854,234
2021 146,050 181,800 518,647 846,497
2022 146,157 175,200 516,575 837,932
2023 72,014 168,600 420,459 661,073
2024 ‐ 176,588 316,544 493,132
2025 ‐ 178,938 312,468 491,406
2026 ‐ ‐ 307,770 307,770
2027 ‐ ‐ 302,658 302,658
TOTAL $ 657,664 $ 1,248,871 $ 3,749,177 $ 5,655,712
*Funded from the I&S Ad Valorem Tax Levy (100%)
**Funded from the Utility Fund (42.67%) and the I&S Ad Valorem Tax Levy (57.33%)
***Funded from the Community Development Corporation Sales Tax (100%)

Annual Debt Requirements by Funding Source

600,000

500,000

400,000

300,000

200,000

100,000
‐
2019
2020
2021
2022
2023
2024
2025
2026
2027
Utility Fund Community Development Fund (Sales Tax) Debt Service Fund (I&S AD Valorem Taxes)

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