Page 146 - Saginaw FY19 Annual Budget
P. 146

CITY OF SAGINAW

                                  DEBT SERVICE FUND SUMMARY OF
                                     REVENUES AND EXPENDITURES





                                                         YEAR-END              REVISED            ADOPTED
                                                           ACTUAL              BUDGET              BUDGET
                                                          2016-2017           2017-2018           2018-2019


            REVENUES
               Current Property Taxes                   $      3,230,851    $      3,330,705     $      3,330,595
               Other Taxes and Fees                                  31,695               27,000               32,000
               Bond Premium                                                   -                        -                        -
               Interest on Investments                               21,699               20,000               30,015
               Other Financing Sources-Refunding                              -                        -                        -
               Transfers from Other Funds                                     -                        -                        -
               Use of Fund Balance                                 153,288             200,000                         -

            TOTAL REVENUES                              $      3,437,534    $      3,577,705     $      3,392,610






            EXPENDITURES
               Principal Retirement                     $      2,667,570    $      2,555,535     $      2,495,000
               Interest                                            763,613          1,012,170               886,610
               Debt Issuance Cost                                             -                        -                        -
               Other Financing Uses-Refunding                                 -                        -                        -
               Arbitrage Expenses                                      2,700                 5,000                 5,000
               Agent Fees                                              3,650                 5,000                 6,000

            TOTAL EXPENDITURES                          $      3,437,534    $      3,577,705     $      3,392,610






























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