Page 49 - Haltom City FY19 Annual Budget

BOND PROCEEDS

Bond proceeds are amounts received from bond issuance. Bond proceeds may be
different from bond issuance due to bond premiums, bond discounts and issuance costs.
The City may issue General Obligation (GO) Bonds, Certificates of Obligation (CO),
Revenue Bonds (RB) and Tax Notes (TN) to fund capital improvement projects.

Outlook
The City has developed a five-year plan for capital improvement projects. All bond
proceeds are for capital improvement projects. Details of capital improvement projects
are listed at the Capital Projects Funds section.

Total bond proceeds for fiscal year 2019 will be about $7.8 million. The bonds proceeds
are for a new fire station, street construction projects, and park improvement projects.

Major Influence
Major factors affecting bond proceeds are the amounts required for funding capital
improvement projects, interest rates and bond capacity.

General Fund Proprietary Fund Percent of
Fiscal Year Debts Debts Total Change
2010 $4,120,000 $5,060,000 $9,180,000 49.8%
2011 10,000,000 - 10,000,000 8.9%
2012 3,880,000 4,115,000 7,995,000 -20.1%
2013 12,285,000 - 12,285,000 53.7%
2014 2,740,000 3,100,000 5,840,000 -52.5%
2015 - - - -100.0%
2016 - - -
2017 7,115,000 855,000 7,970,000
2018 2,860,000 6,720,000 9,580,000 20.2%
2019 7,800,000 - 7,800,000 -18.6%

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