Page 153 - Saginaw FY22 Adopted Annual Budget
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CITY OF SAGINAW
DEBT SERVICE FUND SUMMARY OF
REVENUES AND EXPENDITURES
YEAR-END REVISED ADOPTED
ACTUAL BUDGET BUDGET
2019-2020 2020-2021 2021-2022
REVENUES
Current Property Taxes $ 3,733,708 $ 4,013,930 $ 4,642,825
Other Taxes and Fees 6,656 5,825 16,000
Bond Premium - 4,440 -
Interest on Investments 22,228 1,000 500
Other Financing Sources-Refunding 3,015,000 - -
Transfers from Other Funds - - -
Use of Fund Balance - - -
TOTAL REVENUES $ 6,777,591 $ 4,025,195 $ 4,659,325
EXPENDITURES
Principal Retirement $ 2,585,000 $ 2,725,000 $ 3,160,000
Interest 721,674 1,391,030 1,577,725
Debt Issuance Cost 83,644 - -
Other Financing Uses-Refunding 2,924,412 - -
Arbitrage Expenses - 7,000 10,000
Agent Fees 6,950 6,000 6,000
TOTAL EXPENDITURES $ 6,321,680 $ 4,129,030 $ 4,753,725
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