Page 59 - City of Colleyville FY22 Adopted Budget
P. 59
DEBT SERVICE FUND SUMMARY
ACTUAL PROJECTED BUDGETED
FY 2020 FY 2021 FY 2022
BEGINNING FUND BALANCE - 10/1 844,866 1,126,001 1,052,343
FUND REVENUES
Current Property Taxes 849,975 785,238 615,000
Delinquent Property Taxes 2,198 3,000 1,500
Penalty & Interest 4,753 2,500 5,000
Transfer-in TIF Fund* 654,675 0 0
Interest Income/Other 5,932 800 6,000
TOTAL REVENUES 1,517,533 791,538 627,500
FUND EXPENDITURES
2016 G.O. Refunding Bonds 875,000 410,000 425,000
2016 Engine Lease 34,495 48,485 48,485
Ambulance Lease 45,189 49,988 49,988
2019 Ambulance Lease 170,000 165,773 120,000
2020 Pumper Lease 0 120,700 120,700
Projected: Future Leases 0 0
Bond Interest 110,213 68,750 56,225
Paying Agent 1,500 1,500 1,500
TOTAL EXPENDITURES 1,236,398 865,196 821,898
ENDING FUND BALANCE - 9/30 1,126,001 1,052,343 857,945
* The 2016 G.O. Refunding Bonds included a refinance of debt from the Tax
Increment Financing (TIF) Fund, but this was paid off in the previous year.
57
