Page 78 - Pantego Adopted Budget FY21
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Pantego Econonomic Development Corporation
Debt Service Fund Budget for Fiscal Year 2020-2021
2019/2020 YDT 2019/2020
2018/2019 ADOPTED ACTUAL YEAR END 2020/2021
ACTUAL BUDGET 31-Jul-20 ESTIMATE BUDGET
ESTIMATED BEGINNING FUND BALANCE $ 195,230 $ 199,839 $ 199,839 $ 199,839 $ 192,694
REVENUES
Sales Tax Revenue $ 198,105 $ 189,323 $ 156,199 $ 189,323 $ 199,497
Interest Income 2,904 2,500 1,463 1,487 400
TOTAL REVENUE $ 201,009 $ 191,823 $ 157,663 $ 190,810 $ 199,897
EXPENSES
Principal Payment $ 165,000 $ 175,000 $ 175,000 $ 175,000 $ 180,000
Interest Payment 31,399 22,955 13,733 22,955 9,323
TOTAL EXPENDITURES $ 196,399 $ 197,955 $ 188,733 $ 197,955 $ 189,323
OTHER SOURCES/(USES)
Transfer from Operating Fund (Reserves) $ -
CHANGE IN FUND BALANCE 4,610 (6,132) (31,070) (7,145) 10,574
ESTIMATED ENDING FUND BALANCE $ 199,839 $ 193,707 $ 168,769 $ 192,694 $ 203,268
