Page 96 - City of Mansfield FY22 Operarting Budget
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CITY OF MANSFIELD, TEXAS
GENERAL DEBT SERVICE FUND
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Fund Balance $ 1,697,691 $ 3,888,921 $ 3,888,921
Additions:
Property Taxes, Current 17,910,295 16,482,315 16,410,032
Interest Earnings 4,646 - -
Refunding Bonds Issued 4,475,000 - -
Other Income 222,877 - -
Total 22,612,818 16,482,315 16,410,032
Funds Available 24,310,509 20,371,236 20,298,953
Deductions:
Bond Principal 9,925,000 10,710,000 10,810,000
Bond Interest 5,771,627 5,772,315 5,600,032
Escrow for Current Refunding 4,613,205 - -
Fiscal Charges 111,756 - -
Total 20,421,588 16,482,315 16,410,032
Ending Fund Balance $ 3,888,921 $ 3,888,921 $ 3,888,921
The increase in fund balance in FY20 is primarily due to refunding bond issuance.
*Budget is Adopted and Final Budget.
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