Page 296 - FY 2021-22 ADOPTED BUDGET

DEBT SERVICE FUND

TEN YEAR SUMMARY OF REVENUES AND EXPENDITURES

ACTUAL AND ESTIMATED

FY 2012-13 TO 2021-22

Estimated Variance
Actual Actual Budget 12 Months Favorable Budget
Revenues by Source 2018-19 2019-20 2020-21 2020-21 (Unfavorable) 2021-22

Ad Valorem Taxes $ 645,696 $ 462,633 $ 484,698 $ 481,185 $ 403,308 $ 884,493
Use of Money & Property - - - - - -
Proceeds from Refunding Bonds - - - - - -
TOTAL REVENUES $ 645,696 $ 462,633 $ 484,698 $ 481,185 $ 403,308 $ 884,493

Expenditures

Bond Principal Maturities
General Obligation Bonds $ 1,390,000 $ 1,430,000 $ 1,520,000 $ 1,520,000 $ - $ 1,370,000
Certificates of Obligation - - - - - -
Capitalized Leases - - - - - -
Other Long-Term Notes - - - - - -
Miscellaneous Expenses - - - - - -
Interest 149,799 119,605 86,441 86,441 - 535,537
Agent Fees and Other Expenditures 300 300 3,800 300 - 3,800
TOTAL EXPENDITURES $ 1,540,099 $ 1,549,905 $ 1,610,241 $ 1,606,741 $ - $ 1,909,337

REVENUES OVER (UNDER) EXPENDITURES $ (894,403) $ (1,087,272) $ (1,125,543) $ (1,125,556) $ 403,308 $ (1,024,844)

Other Financing Sources

Transfers-In
Stormwater Utility Fund $ 586,189 $ 586,752 $ 733,366 $ 733,366 $ (65,899) $ 667,467
Other Funds 493,186 503,136 501,203 501,203 (128,669) 372,534
Transfers-Out - - - - - -
Bond Escrow Account - - - - - -
TOTAL OTHER FINANCING SOURCES $ 1,079,375 $ 1,089,888 $ 1,234,569 $ 1,234,569 $ (194,568) $ 1,040,001

REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES $ 184,972 $ 2,616 $ 109,026 $ 109,013 $ 208,740 $ 15,157

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