Page 38 - Trophy Club FY22 Budget

TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services

FY 2021
Debt Service Fund FY 2019 FY 2020 FY 2020 AMENDED FY 2021 FY 2022 FY 2023 FY 2024
ACTUAL
ACTUAL
APPROVED
BUDGET ESTIMATE APPROVED PROJECTED PROJECTED
Beginning Fund Balance $ 430,094 $ 479,726 $ 473,670 $ 567,897 $ 706,640 $ 393,054 $ 64,642 $ (84,220)
Revenue
Property Taxes $ 2,215,644 $ 2,254,954 $ 2,316,476 $ 2,369,775 $ 2,390,379 $ 2,523,357 $ 2,523,265 $ 2,065,779

Property Taxes/Delinquent 415 2,000 5,284 2,000 4,069 2,000 2,000 2,000
Property Taxes/Penalty & Interest 5,157 4,500 6,736 4,500 5,383 4,500 4,500 4,500

Intergovernmental Transfer EDC - - - - - - - -

Interest Income 29,392 20,000 9,663 15,000 1,142 2,500 2,500 2,500

Total Revenue $ 2,250,608 $ 2,281,454 $ 2,338,159 $ 2,391,275 $ 2,400,972 $ 2,532,357 $ 2,532,265 $ 2,074,779
Expenditures
Principal Payments $ 1,613,000 $ 1,978,000 $ 1,718,000 $ 2,238,000 $ 2,238,000 $ 2,408,000 $ 2,400,000 $ 1,660,000

Interest Payments 763,973 734,490 637,930 674,726 674,726 645,527 475,145 428,461

Paying Agent Fees 5,900 7,500 3,495,738 7,500 5,500 7,500 7,500 7,500
Bond/CO Issuance cost - - - - - - - -
Total Expenditures $ 2,382,873 $ 2,719,990 $ 5,851,668 $ 2,920,226 $ 2,918,226 $ 3,061,027 $ 2,882,645 $ 2,095,961
Other Sources (Uses)
Bond Proceeds $ - $ - $ 3,550,000 $ - $ - $ - $ - $ -
Bond Proceeds- Premium - - - - - - - -
Refund Cost - - 57,736 - - - - -

Transfer In- General Fund - - - - - - - -

Transfer In-EDC 4B 99,023 201,555 - 203,668 203,668 200,257 201,518 202,263
Transfer In- Street Maintenance Sales - - - - - - - -
Transfer In- Storm Drainage 26,937 202,933 202,933 - - - - -

Transfer In - Capital Projects - - - - - - - -

Transfer In - CCPD 49,881 51,281 51,281 - - - - -

Transfer In - sub-total - - - 203,668 203,668 200,257 201,518 202,263
Transfer Out - - - - - - - -
Total Other Sources (Uses) $ - $ - $ 3,607,736 $ 203,668 $ 203,668 $ 200,257 $ 201,518 $ 202,263
Net Increase (Decrease) $ (132,265) $ (438,536) $ 94,227 $ (325,283) $ (313,586) $ (328,412) $ (148,862) $ 181,081
Ending Fund Balance $ 473,670 $ 41,190 $ 567,897 $ 242,614 $ 393,054 $ 64,642 $ (84,220) $ 96,862

36 FY22 Approved Budget