Page 80 - Forest Hill FY21 Annual Budget

DEBT SERVICE FUND
Fore�Hill For the Fiscal Year Beginning October 01. 2020

\ Annual Debt Service Funding S0urees
7 Community Debt Service

Development Fund (I&S Ad
Fiscal Year Utility Fund Fund (Sales Tax) Valorem Taxes)
2021 $ 146,050 $ 181,800 $ 518,647 $ 846,497
2022 146,157 175,200 516,575 837,932
2023 72,014 168,600 420,459 661,073
2024 176,588 316,544 493,132
2025 178,938 312,468 491,406
2026 307,770 307,770
2027 302,658 302,658
Total $ 364,221 $ 881,126 $ 2,695,121 $ 3,940,468

Note: 0 Funded from the I&S Ad Valorem Tax Levy (100%)
0 Funded from the Utility Fund (42.67%) and the I&S Ad Valorem Tax Levy (57.33%)
0 Funded from the Community Development Corporation Sales Tax ( I 00%)

Annual Debt Requirements by Funding Source

600,000
500,000
400,000
300,000
200,000
100,000

2021 2022 2023 2024 2025 2026 2027

■ Utility Fund Community Development Fund (Sales Tax) ■ Debt Service Fund (l&S Ad Valorem Taxes)

Annual Debt Service Requili'em.ents by Issue

Fiscal Year 2007 co 2009 co 2011 GO REF 2014 GO REF Total
2021 $ 190,023 $ 117,381 $ 339,650 $ 166,946 $ 814,000
2022 188,916 118,681 339,900 163,262 810,759
2023 192,499 119,781 167,475 154,640 634,395
2024 190,772 115,781 160,956 467,509
2025 193,734 111,594 167,026 472,354
2026 191,385 112,109 303,494
2027 188,830 112,406 301,236
Total $ 1,336,159 $ 807,733 $ 847,025 $ 812,830 $ 3,803,747

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