Page 73 - Microsoft Word - FY 2021 tax info sheet

FY 2021‐22 Five‐Year Operating Fund Outlook

assumes the debt has a full payment in the year it is issued and that the debt schedule is includes standard
annual payments. When future debt is issued, it will likely be mid‐year which will reduce the first year
obligation and annual payments will scheduled around the current debt obligations to allow for an overall
standardize payment of approximately $4,000,000.
 Without the debt payment, the General Fund’s budget would be in the positive by $569,303 in FY 2024‐25
and $1,356,571 in FY 2025‐26. In FY 2023-24, the General Fund budget would be negative by $795,034 but
includes one-time CIP project transfers of $1,775,000.

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