Page 126 - CITY OF AZLE, TEXAS

City of Azle
General Obligation Debt Service Fund
Summary of Revenues and Expenditures

FY 21-22 FY 21-22 FY 22-23 FY 22-23 FY 22-23
Budget Estimate Proposed CM Rec. Approved
Beginning Balance 151,158 151,158 155,268 155,268 155,268
Revenue
Ad Valorem Taxes 724,024 785,000 683,868 683,868 683,868
Penalty & Interest 3,000 4,500 3,500 3,500 3,500
Delinquent Tax Revenue 8,000 3,837 4,000 4,000 4,000
Interest Earnings 100 800 1,000 1,000 1,000
735,124 794,137 692,368 692,368 692,368

Expenditures
Principal 530,000 530,000 540,000 540,000 540,000
Interest 256,027 256,027 246,841 246,841 246,841
Agent Fees 4,000 4,000 2,000 2,000 2,000
790,027 790,027 788,841 788,841 788,841
Ending Balance 96,255 155,268 58,795 58,795 58,795

City of Azle FY 2022-2023 Budget 115