Page 126 - FY 2020-21 Budget Cover.pub

City of Azle
General Obligation Debt Service Fund
Summary of Revenues and Expenditures

FY 19-20 FY 19-20 FY 20-21 FY 20-21 FY 20-21
Budget Estimate Proposed CM Rec. Approved
Beginning Balance 149,826 149,826 99,823 99,823 99,823
Revenue
Ad Valorem Taxes 757,851 757,851 725,162 725,162 725,162
Penalty & Interest 5,000 5,000 3,000 3,000 3,000
Delinquent Tax Revenue 8,500 8,500 8,000 8,000 8,000
Interest Earnings 5,000 5,000 3,500 3,500 3,500
776,351 776,351 739,662 739,662 739,662

Expenditures
Principal 481,667 481,667 465,000 465,000 465,000
Interest 340,687 340,687 324,662 324,662 324,662
Agent Fees 4,000 4,000 4,000 4,000 4,000
826,354 826,354 793,662 793,662 793,662

Ending Balance 99,823 99,823 45,823 45,823 45,823

City of Azle 2020-2021 Budget 115