Page 99 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 DEBT SERVICE FUND

DEBT SERVICE FUND
BUDGET SUMMARY
Actual Adopted Projected Proposed
FUND 05 FY2020 FY2021 FY2021 FY2022

Fund Balance, Beginning $522,051 932,094 932,094 1,388,561

Revenues
Property Tax Revenue 6,427,214 6,271,130 7,035,354 6,952,732
Interest Income 19,488 20,000 10,600 8,671
Miscellaneous Revenue - - - -
Transfer from General Fund - - - -
Transfer from Economic Dev. Fund - - - -
Transfer from Oil and Gas 156,240 306,775 306,775 293,413
Proceeds from Bond Issuance - - - -
Premiums on Bond Issuance - - - -
Total Revenues 6,602,942 6,597,905 7,352,729 7,254,816

Funds Available 7,124,993 7,529,999 8,284,823 8,643,377

Expenditures
Principal 4,835,000 5,580,000 5,580,000 5,510,000
Interest 1,352,156 1,154,676 1,154,677 1,617,397
Paying Agent Fees 5,743 5,000 5,000 5,000
Bond Issuance Cost - - 156,585 500,000
Refunded Escrow Bond Payments - - - -
Total Expenditures 6,192,900 6,739,676 6,896,262 7,632,397

Fund Balance, Ending $932,094 $790,323 1,388,561 1,010,980

Debt Service Fund Expenditures
$6

$5
$4
Millions $3

$2

$1
$0
Actual 2020 Adopted 2021 Projected 2021 Proposed 2022
Principal Interest