Page 98 - Pantego FY22 Operating Budget
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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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