Page 77 - Pantego Adopted Budget FY20

Pantego Econonomic Development Corporation
Debt Service Fund Budget for Fiscal Year 2019-2020

2018/2019 YDT 2018/2019
2016/2017 2017/2018 ADOPTED ACTUAL YEAR END 2019/2020
ACTUAL ACTUAL BUDGET 30-Jun-19 ESTIMATE BUDGET
ESTIMATED BEGINNING FUND BALANCE $ 201,444 $ 201,618 $ 195,230 $ 195,230 $ 195,230 $ 199,636

REVENUES
Sales Tax Revenue $ 191,991 $ 191,991 $ 197,955 $ 148,616 $ 198,105 $ 189,323
Interest Income 224 1,120 - 2,026 2,700 2,500
TOTAL REVENUE $ 192,215 $ 193,111 $ 197,955 $ 150,643 $ 200,805 $ 191,823
EXPENSES
Principal Payment $ 145,000 $ 160,000 $ 165,000 $ 165,000 $ 165,000 $ 175,000
Interest Payment 47,041 39,499 31,339 17,890 31,399 22,955
TOTAL EXPENDITURES $ 192,041 $ 199,499 $ 196,339 $ 182,890 $ 196,399 $ 197,955
OTHER SOURCES/(USES)
Transfer from Operating Fund (Reserves) $ - $ -

CHANGE IN FUND BALANCE 174 (6,388) 1,616 (32,248) 4,406 (6,132)

ESTIMATED ENDING FUND BALANCE $ 201,618 $ 195,230 $ 196,846 $ 162,982 $ 199,636 $ 193,504