Page 16 - Richland Hills 2020-2021 Amended Budget
P. 16
DEPARTMENT
60/61 GENERAL DEBT SERVICE
FY 2020 FY 2021 FY 2021 AMENDMENTS AMENDMENTS
DESCRIPTION ACTUAL ADOPTED AMENDED $ CHANGE % CHANGE
CURRENT PROPERTY TAX $ 900,761 $ 906,727 $ 956,500 $ 49,773 5.5%
DELINQUENT PROPERTY TAX 7,103 4,000 4,200 $ 200 5.0%
INTEREST & PENALTIES 6,021 3,500 5,860 $ 2,360 67.4%
TOTAL REVENUE $ 913,885 $ 914,227 $ 966,560 $ 52,333 5.7%
PAYMENT OF PRINCIPAL $ 401,250 $ 435,000 $ 415,500 $ (19,500) -4.5%
AGENT FEES 3,500 6,900 6,900 $ - 0.0%
PAYMENT OF INTEREST 487,174 486,646 487,265 $ 619 0.1%
TOTAL EXPENDITURES $ 891,924 $ 928,546 $ 909,665 $ (18,881) -2.0%
BEGINNING FUND BALANCE $ 363,334 385,295 385,295
ENDING FUND BALANCE $ 385,295 $ 370,976 $ 442,190
City of Richland Hills 15
