Page 83 - Forest Hill FY22 Annual Budget

Fore�Hill DEBT SERVICE FUND

□ SUMMARY

Actual Budget Estimate Adopted
2019-2020 2019-2020 2020-2021 2021-2022
Revenue
Taxes 500,190 511,683 575,000 565,000
Interest Income 10,000 10,461 13,000 500
Total Revenues 510,190 522,144 588,000 565,500

Expenditures
Bond Principals 556,700 611,633 568,800 567,500
Interest and other Charges 119,120 64,156 100,552 100,000
Agent Fees 1,400 1,400 1,400 1,500
Total Expenditures 677,220 677,189 670,752 669,000

Excess (Deficiency of Revenues Over
(Under) Expenditures (167,030) (155,045) (82,752) (103,500)

Other Financing Sources (Uses)
Deferred Inflow
Transfer from Fund-49 170,630 156,411 170,630 170,000
Transfer to Fund-60
Development Corp
Net Total Other Financing Sources (Uses) 170,630 156,411 170,630 170,000

Excess of Revenues and Other Financing Sources
Over (Under) Expenditures and Other Financing Uses
for Fiscal Year End 3,600 1,366 87,878 66,500

Beginning Unearned Fund Balance, October I 464,765 668,107 468,365 556,243
Ending Unearned Fund Balance, September 30 468,365 669,473 556,243 622,743

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