Page 97 - Kennedale Budget FY21

FUND BUDGET: DEBT SERVICE FUND
02 | DEBT SERVICE FUND 2017–2018 2018–2019 2019–2020 2019–2020 2020–2021
GENERAL DEBT SERVICE ACTUAL ACTUAL APPROVED PROJECTED APPROVED
I&S Tax Rate/$100 Valuation 0.190541 0.190541 0
Taxable Valuation 623,852,142 724,494,406 781,196,930 781,196,930 802,521,474
2017–2018 2018–2019 2019–2020 2019–2020 2020–2021
REVENUES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED
02-4001-00-00 Current Ad Valorem Taxes 1,280,309 1,326,857 1,473,615 1,473,585 1,520,658
02-4011-00-00 Delinquent Ad Valorem Taxes 21,243 6,406 7,000 7,000 7,500
02-4041-00-00 Penalties & Interest 27,485 27,249 7,000 7,000 7,500
02-4401-00-00 Interest Income 7,534 8,812 6,000 6,000 6,000
02-4960-00-00 Transfer In - Capital Projects Fund 83,000 106,379 104,768 104,768 103,157
02-4915-00-00 Transfer In - EDC Fund 152,588 154,825 151,900 151,900
02-4913-00-00 Transfer In - Capital Bond Fund -
TOTAL REVENUES $ 1,572,159 $ 1,630,528 $ 1,750,283 $ 1,750,253 $ 1,644,815

2017–2018 2018–2019 2019–2020 2019–2020 2020–2021
EXPENDITURES
ACTUAL ACTUAL APPROVED PROJECTED APPROVED
02-5602-01-00 2007 GO Refunding Bonds Principal $4.365M 149,892 197,600 203,775 203,775 213,038
02-5612-01-00 2007 GO Refunding Bonds Interest $4.365M 81,531 35,424 27,457 27,457 19,183
02-5644-01-00 2007A CO Bonds Principal $2.735M 170,000 175,000 185,000 185,000 190,000
02-5643-01-00 2007A CO Bonds Interest $2.735M 50,400 43,500 36,300 36,300 28,800
02-5648-01-00 2008 CO Bonds Principal $4.5M 169,454 -
02-5647-01-00 2008 CO Bonds Interest $4.5M 70,834 -
02-5624-01-00 2010 CO Bonds Principal $2.0M 85,000 90,000 -
02-5623-01-00 2010 CO Bonds Interest $2.0M 67,588 64,825 -
02-5650-01-00 2011 CO Bonds Principal $3.26M 225,000 115,000 120,000 120,000 120,000
02-5649-01-00 2011 CO Bonds Interest $3.26M 74,625 69,725 66,000 66,000 62,400
02-5606-01-00 2016 GO Refunding Bonds Principal $3.72M 90,000 340,000 260,000 260,000 255,000
02-5607-01-00 2016 GO Refunding Bonds Interest $3.72M 64,082 60,234 39,291 39,291 34,681
02-5638-01-00 2018 Tax Notes Principal $760K - 185,000 240,000 240,000 335,000
02-5639-01-00 2018 Tax Notes Interest $760K - 12,006 11,195 11,195 4,188
02-5652-01-00 Radio Lease Principal $125K 19,083 19,662 -
02-5651-01-00 Radio Lease Interest $125K 1,331 688 -
02-5653-01-00 2019 Tax Notes Principal $2.0M - 60,000 60,000 135,000
02-5654-01-00 2019 Tax Notes Interest $2.0M - 32,469 32,469 35,578
02-5637-01-00 Governmental Capital Lease Principal $367,218 88,167 91,380 94,826 94,826 -
02-5636-01-00 Governmental Capital Lease Interest $367,218 9,968 6,756 3,447 3,447 -
02-5606-01-00 Dick Price Road Principal $3.72M - 90,000 90,000 90,000
02-5607-01-00 Dick Price Road Interest $3.72M - 14,767 13,157 13,157
02-5621-01-00 Paying Agent Fees 800 600 1,200 1,200 600
02-5622-01-00 Arbitrage/Disclosures 2,250 2,250 2,250 2,250 2,250
TOTAL EXPENDITURES $ 1,420,004 $ 1,509,649 $ 1,487,977 $ 1,486,365 $ 1,538,873

NET CHANGE IN FUND BALANCE $ 152,155 $ 120,879 $ 262,307 $ 263,887 $ 105,942
RESTRICTED FUND BALANCE — OCTOBER 1 41,982 188,240 309,119 309,119 573,006
RESTRICTED FUND BALANCE — SEPTEMBER 30 194,137 309,119 571,426 573,006 678,948
MATURITY DATES FOR BONDS
*2007 GO Refunding Bonds — September 30, 2024
*2007A CO Bonds — September 30, 2024
*2010 CO Bonds — September 30, 2031
*2016 GO Refunding Bonds — September 30, 2028
*2018 Tax Notes — September 30, 2021
*2019 Tax Notes — September 30, 2026

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