Page 326 - City of Watauga FY22 Adopted Budget

Water and Sewer Certificates of Obligation
Budget Summary FUND 42/44

HISTORY CURRENT YEAR BUDGET FORECAST
2018-19 2019-20 2020-21 2020-21 2021-22 2022-23
Actual Actual Budget Estimate* Budget* Forecast
Fund Balance, October 1 ($9,505) ($5,517) $12,264 ($38,860) ($30,258) $6,544
Revenue:
Transfer from W/S Op Fund 1,275,000 1,600,000 1,599,000 1,599,000 1,760,000 2,060,000
Transfer from W/S CO 0 1,087 0 0 0 0
Interest income 0 0 0 0 0 0
Total Revenue 1,275,000 1,601,087 1,599,000 1,599,000 1,760,000 2,060,000

Total Available Resources 1,265,495 1,595,570 1,611,264 1,560,140 1,729,742 2,066,544

Debt Service Requirements:
Series 2011 CO/Refunding
Principal 190,000 195,000 205,000 205,000 220,000 225,000
Interest 72,812 83,483 43,775 34,850 12,051 9,448

Series 2012 CO
Principal 340,000 350,000 360,000 360,000 370,000 385,000
Interest 179,000 169,500 158,850 158,850 147,900 136,575

Series 2017 CO
Principal 280,000 290,000 300,000 300,000 305,000 315,000
Interest 208,200 199,650 190,800 190,800 181,725 172,425

Series 2019 CO
Principal 0 110,000 110,000 110,000 265,000 275,000
Interest 0 235,398 226,050 229,898 220,523 207,023

Series 2022 (PROPOSED) 0 0 220,000
80,000

Fiscal Agent Charges 1,000 1,400 1,000 1,000 1,000 1,000
Total Debt Service Requirements 1,271,012 1,634,431 1,595,475 1,590,397 1,723,199 2,026,470

Fund Balance, September 30 ($5,517) ($38,860) $15,789 ($30,258) $6,544 $40,074

*Fund 42 fund balance included

317