Page 146 - Saginaw FY19 Annual Budget
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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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