Page 41 - City of Westworth Village FY22 Budget

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Debt Service Fund Detail

Actual Actual Actual Adopted Projected Proposed
ACCT 2018 2019 2020 2021 2021 2022
Debt Service Revenue
Revenue
05-500-520003 Texpool Interest $ 12,097 $ 8,663 $ 2,412 $ 8,500 $ 1,000 $ 1,000

Total Revenue $ 12,097 $ 8,663 $ 2,412 $ 8,500 $ 1,000 $ 1,000
HC Apartment Payments
05-500-550001 HC Apartment Payments $ 114,622 $ 93,220 $ 89,843 $ 89,843 $ 89,843 $ -
Total HC Apartment Payments $ 114,622 $ 93,220 $ 89,843 $ 89,843 $ 89,843 $ -
Ad Valorem Tax
05-500-555000 Ad Valorem Tax $ 616,399 $ 655,022 $ 752,807 $ 776,121 $ 776,121 $ 779,937
Total Ad Valorem Tax $ 616,399 $ 655,022 $ 752,807 $ 776,121 $ 776,121 $ 779,937
Miscellaneous Revenue
05-500-565120 Water Fund Payments $ 27,067 $ 27,542 $ 1,004 $ 27,328 $ 27,440 $ 27,556
05-500-565125 HCGC Payments $ 87,400 $ 116,467 $ 54,293 $ 115,736 $ 116,232 $ 116,507
Total Miscellaneous Revenue $ 114,467 $ 144,009 $ 55,297 $ 143,064 $ 143,672 $ 144,063
Total Debt Service Revenue $ 857,585 $ 900,913 $ 900,359 $ 1,017,528 $ 1,010,636 $ 925,000
Debt Service Expenses
Debt Service
05-650-655001 Principal $ 552,000 $ 574,000 $ 552,212 $ 619,000 $ 619,000 $ 642,000
05-650-655002 Interest $ 396,101 $ 302,378 $ 283,029 $ 300,186 $ 300,186 $ 282,000
05-650-655003 Bank Fees $ 2,000 $ 2,000 $ 2,750 $ 1,500 $ 1,500 $ 1,500
Total Debt Service $ 950,101 $ 878,378 $ 837,991 $ 920,686 $ 920,686 $ 925,500
Total Debt Service Expenses $ 950,101 $ 878,378 $ 837,991 $ 920,686 $ 920,686 $ 925,500

Net Total Debt Service $ (92,516) $ 22,536 $ 62,368 $ 96,842 $ 89,950 $ (500)

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