Page 142 - Saginaw FY21 Annual Budget
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CITY OF SAGINAW
DEBT SERVICE FUND SUMMARY OF
REVENUES AND EXPENDITURES
YEAR-END REVISED ADOPTED
ACTUAL BUDGET BUDGET
2018-2019 2019-2020 2020-2021
REVENUES
Current Property Taxes $ 3,400,771 $ 3,731,130 $ 3,898,855
Other Taxes and Fees 19,444 6,130 17,000
Bond Premium - - -
Interest on Investments 66,191 22,500 15,000
Other Financing Sources-Refunding - 3,015,000 -
Transfers from Other Funds - - -
Use of Fund Balance - 138,535 209,465
TOTAL REVENUES $ 3,486,406 $ 6,913,295 $ 4,140,320
EXPENDITURES
Principal Retirement $ 2,495,000 $ 3,015,000 $ 2,725,000
Interest 886,610 857,495 1,402,320
Debt Issuance Cost - 83,650 -
Other Financing Uses-Refunding - 2,951,150 -
Arbitrage Expenses 7,000 - 7,000
Agent Fees 3,300 6,000 6,000
TOTAL EXPENDITURES $ 3,391,910 $ 6,913,295 $ 4,140,320
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