Page 147 - Saginaw FY20 Annual Budget
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CITY OF SAGINAW
DEBT SERVICE FUND SUMMARY OF
REVENUES AND EXPENDITURES
YEAR-END REVISED ADOPTED
ACTUAL BUDGET BUDGET
2017-2018 2018-2019 2019-2020
REVENUES
Current Property Taxes $ 3,432,972 $ 3,397,595 $ 3,770,280
Other Taxes and Fees 55,572 21,000 27,000
Bond Premium - - -
Interest on Investments 46,418 70,015 50,000
Other Financing Sources-Refunding - - -
Transfers from Other Funds - - -
Use of Fund Balance 37,942 - 2,515
TOTAL REVENUES $ 3,572,904 $ 3,488,610 $ 3,849,795
EXPENDITURES
Principal Retirement $ 2,555,536 $ 2,495,000 $ 2,985,000
Interest 1,012,169 886,610 853,795
Debt Issuance Cost - - -
Other Financing Uses-Refunding - - -
Arbitrage Expenses - 5,000 5,000
Agent Fees 5,200 6,000 6,000
TOTAL EXPENDITURES $ 3,572,904 $ 3,392,610 $ 3,849,795
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