Page 79 - Forest Hill FY21 Annual Budget

DEBT SERVICE FUND
SUMMARY

Actual Budget Estimate Adopted
2018-2019 2019-2020 2019-2020 2020-2021
Revenue
Taxes 686,111 500,190 511,683 575,000
Interest Income 4,120 I0,000 10,461 I3,000
Total Revenues 690,231 510,190 522,144 588,000

Expenditures
Bond Principals 538,850 556,700 611,633 568,800
Interest and other Charges 137,240 119,120 64,156 I 00,552
Agent Fees 828 1,400 1,400 1,400
Total Expenditures 676,918 677,220 677,189 670,752

Excess (Deficiency of Revenues Over
(Under) Expenditures 13,313 (167,030) (155,045) (82,752)

Other Financing Sources (Uses)
Deferred Inflow
Transfer from Fund-49 169,253 170,630 156,411 170,630
Transfer to Fund-60 (7,256)
Development Corp
Net Total Other Financing Sources (Uses) 161,997 170,630 156,411 170,630

Excess of Revenues and Other Financing Sources
Over (Under) Expenditures and Other Financing Uses
for Fiscal Year End 175,310 3,600 1,366 87,878

Beginning Unearned Fund Balance, October I 476,584 668,107 651,894 653,260
Ending Unearned Fund Balance, September 30 651,894 671,707 653,260 741,138

Page 79