Page 84 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Debt Service Fund

DEBT SERVICE FUND
BUDGET SUMMARY
Actual Adopted Projected Proposed
FUND 05 FY2018 FY2019 FY2019 FY2020

Fund Balance, Beginning $385,467 307,115 351,214 327,533

Revenues
Property Tax Revenue 4,352,962 4,910,727 5,138,500 5,981,136
Interest Income 8,521 8,000 13,284 10,000
Miscellaneous Revenue 8,933 44,879
Transfer from General Fund 372,225 373,000 373,000 0
Transfer from Economic Dev. Fund - - - 0
Transfer from Oil and Gas 457,438 457,488 457,488 156,239
Proceeds from Bond Issuance - - - 0
Premiums on Bond Issuance - - - 0
Total Revenues 5,200,079 5,749,215 5,982,272 6,192,254

Funds Available 5,585,546 6,056,330 6,333,486 6,519,787

Expenditures
Principal 4,165,000 4,800,000 4,800,000 4,835,000
Interest 1,064,732 1,201,011 1,200,953 1,352,254
Paying Agent Fees 4,600 5,000 5,000 5,000
Bond Issuance Cost - - - 0
Refunded Escrow Bond Payments - - - 0
Total Expenditures 5,234,332 6,006,011 6,005,953 6,192,254
Fund Balance, Ending $351,214 $50,319 327,533 327,533

Debt Service Fund Expenditures
$6
$5
$4
Millions $3

$2
$1

$0
Actual 2018 Adopted 2019 Projected 2019 Proposed 2020
Principal Interest

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