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Debt Service Fund
Water Sub Lien Debt Service
FUND SUMMARY
FY2020 FY2021 FY2021 FY2022 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 28,356 - - - - 0.00%
Transfer In 39,456,192 - - - - 0.00%
Revenue $ 39,484,547 $ - $ - $ - $ - 0.00%
Debt Service Accts 40,867,375 - - - - 0.00%
Transfer Out & Other - - - - - 0.00%
Expenses $ 40,867,375 $ - $ - $ - $ - 0.00%
FUND PURPOSE AND GOALS
In addition to the outstanding general obligation debt, the Water & Sewer Prior Lien Debt Service Fund includes
state revolving loan debt used to fund projects which update, upgrade, or improve the city’s current water &
sewer system. It also includes long-range development and planning of the systems. This debt works in
conjunction with the city’s other water & sewer debt in that issues are subordinate liens to the primary water &
sewer system debt.
All debt obligations were relieved in FY2020 and no outstanding obligations remain for FY2022.
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