Page 98 - Pantego FY22 Operating Budget
P. 98

Pantego Econonomic Development Corporation
                                        Debt Service Fund Budget for Fiscal Year 2021-2022


                                                                      2020-2021     YTD       2020-2021
                                             2018-2019   2019-2020    ADOPTED      ACTUAL     YEAR END    2021-2022
                                              ACTUAL      ACTUAL      BUDGET      30-Jun-21   ESTIMATE     BUDGET

         ESTIMATED BEGINNING FUND BALANCE   $        195,230  $          199,839  $      190,880  $      190,880  $      190,880  $        194,688
         REVENUES
         Sales Tax Revenue                  $        198,105  $          187,439  $      199,497  $      148,455  $      197,573
         Interest Income                                  2,904                  1,507                 400                   91                   96
                           TOTAL REVENUE    $        201,009  $          188,946  $      199,897  $      148,547  $      197,669  $                -

         EXPENSES
         Principal Payment                  $        165,000  $          175,000  $      180,000  $      180,000  $      180,000  $        190,000
         Interest Payment                               31,399                22,906              9,323              9,324            13,861                4,684
                      TOTAL EXPENDITURES    $        196,399  $          197,906  $      189,323  $      189,324  $      193,861  $        194,684

         OTHER SOURCES/(USES)
         Transfer from Operating Fund (Reserves)  $               -  $                  -
         CHANGE IN FUND BALANCE                           4,610                 (8,960)            10,574           (40,778)              3,808           (194,684)

         ESTIMATED ENDING FUND BALANCE      $        199,839  $          190,880  $      201,454  $      150,102  $      194,688  $                   5
























































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