Page 11 - Pantego Adopted Budget FY21
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Expenditures for Municipal Court (8.5%), and Non-Divisional (.5%) account for the remainder of General
Fund expenditures by function in the FY 2020-2021 proposed Budget. Municipal Court’s proposed Budget
of $420,669 represents a 5.5% decrease from current year’s adopted Budget due to the retirement of a
veteran Warrant Officer. Non-Divisional includes Community Relations Board (CRB) and Special Event
expenditures and reflect no change at $23,990.
DEBT SERVICE FUND
Revenues for the Debt Service Fund are allocated from Ad Valorem (Property) tax collections and a
small amount of interest income. The Debt Service fund supports one outstanding debt issuance: the
2019 Certificates of Obligation (CO’s) Bonds, which were issued in the Spring of 2019. The Debt Service
payment, principal and interest, for FY 2020-2021 will be $178,450 a 1.2% increase over FY 2019-2020
due to an increase in Principal paid.
SPECIAL REVENUE FUNDS
The Special Revenue Funds account for the accumulation and disbursement of restricted resources.
Special Revenue Funds consist of the Shamburger Fund, Municipal Court Security Fund, and Municipal
Court Technology Fund.
Shamburger Fund – This fund was created as a bequeath to the Town from one of its departed citizens.
The Shamburger Fund is used to account for the care and feeding of stray animals found within the Town
limits.
Expenditures incurred and proposed in this fund are for the supplies and cost of services incurred in carrying
out its mandate. The proposed Budget for the Shamburger fund remains unchanged from the prior fiscal
year. These funds are meant to be depleted.
Municipal Court Security Fund – This fund was created by the State Legislature to fund the security
and protection of the municipal court. This fund accounts for the cost of security for both the court room
and the court office. Revenue sources come from a portion of the fees collected on every infraction
adjudicated by the Town. Total revenues in this fund are estimated at $12,553 for FY 2020-2021.
Municipal Court Technology Fund – This fund was also created by the State Legislature to fund
improvements in technology in the municipal court system. Revenue sources for this fund are derived
from fees assessed, as provided by law, per conviction in the Town of Pantego. Municipal Court
revenues are estimated at $15,000 for Court fines and fees and $600 in Other Revenue for FY 2020-
2021.