Page 228 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

DEBT SERVICE FUND
TEN YEAR SUMMARY OF REVENUES AND EXPENDITURES
ACTUAL AND ESTIMATED
FY 2010-11 TO 2019-20

Estimated Variance
Actual Actual Budget 12 Months Favorable Budget
Revenues by Source 2016-17 2017-18 2018-19 2018-19 (Unfavorable) 2019-20
Ad Valorem Taxes $ 470,706 $ 508,075 $ 686,793 $ 652,018 $ (164,911) $ 487,107
Use of Money & Property - - - - - -
Proceeds from Refunding Bonds - - - - - -
TOTAL REVENUES $ 470,706 $ 508,075 $ 686,793 $ 652,018 $ (164,911) $ 487,107

Expenditures by Division

Bond Principal Maturities
General Obligation Bonds $ 1,410,011 $ 1,340,000 $ 870,000 $ 1,390,000 $ - $ 1,430,000
Certificates of Obligation - - - - - -
Capitalized Leases - - - - - -
Other Long-Term Notes - - - - - -
Miscellaneous Expenses - - - - - -
Interest 107,414 179,000 99,940 168,304 - 127,624
Agent Fees and Other Expenditures 300 300 3,800 3,800 - 3,800
TOTAL EXPENDITURES $ 1,517,725 $ 1,519,300 $ 973,740 $ 1,562,104 $ - $ 1,561,424

REVENUES OVER (UNDER) EXPENDITURES $ (1,047,019) $ (1,011,225) $ (286,947) $ (910,086) $ (164,911) $ (1,074,317)

Other Financing Sources
Transfers-In
Stormwater Utility Fund $ 582,188 $ 578,580 $ 504,744 $ 586,189 $ 563 $ 586,752
Other Funds 490,566 491,887 - 493,186 9,950 503,136
Transfers-Out - - - - - -
Bond Escrow Account - - - - - -
TOTAL OTHER FINANCING SOURCES $ 1,072,754 $ 1,070,467 $ 504,744 $ 1,079,375 $ 10,513 $ 1,089,888

REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES $ 25,735 $ 59,242 $ 217,797 $ 169,289 $ (154,398) $ 15,571

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