Page 90 - Haltom City FY19 Annual Budget

DEBT SERVICE FUND
BUDGET SUMMARY

Actual Adopted Projected Adopted
FUND 05 FY2017 FY2018 FY 2018 FY2019

Fund Balance, Beginning $493,055 314,020 385,467 307,115

Revenues
Property Tax Revenue 4,352,034 4,177,076 4,331,228 4,910,727
Interest Income 7,820 3,000 9,500 8,000
Transfer from General Fund - 372,225 372,225 373,000
Transfer from Economic Dev. Fund 375,263 - - -
Transfer from Oil and Gas 466,713 457,438 457,438 457,488
Proceeds from Bond Issuance 4,195,000 - - -
Premiums on Bond Issuance 291,898 - - -
Total Revenues 9,688,729 5,009,739 5,170,391 5,749,215

Funds Available 10,181,784 5,323,759 5,555,858 6,056,330

Expenditures
Principal 4,105,000 4,165,000 4,165,000 4,800,000
Interest 1,200,018 1,078,743 1,078,743 1,201,011
Paying Agent Fees 4,400 50,000 5,000 5,000
Bond Issuance Cost 83,865 - - -
Refunded Escrow Bond Payments 4,403,034 - - -
Total Expenditures 9,796,317 5,293,743 5,248,743 6,006,011

Fund Balance, Ending $385,467 $30,016 307,115 $50,319

Debt Service Fund Expenditures
$6

$5

$4
Millions $3

$2

$1

$0
Actual 2017 Adopted 2018 Projected 2018 Adopted 2019
Principal Interest

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