Page 523 - CityofColleyvilleFY23AdoptedBudget

Debt Snapshot

A913,325

$7,100 (0.78% vs. 2022 year)

The City's one remaining bond issue carries a remaining principal of $2.7 million and extends out to scal year 2027. With
this issue not being callable, the City will continue to level a debt service property tax rate to generate suf cient annual
funding for the debt.

The other expenses in the City's Debt Service Fund are made up of public safety vehicle and apparatus leases. As of FY22, the
City has four public safety leases outstanding: a 2016 Fire Engine Lease, a 2018 Ambulanc e Lease, a 2019 Ambulance Lease,
and a 2020 Fire Pumper Truck Lease. The City's plan is to continue this lease/purchase program for public safety apparatus
into the future, so that when one lease rolls off a new one comes on. A schedule of the City's bonded debt and capital leases
can be found below.

Debt by Type

n
n
B
o
o
B
i
o
t
i
t
n

o
n
0
0
1
1
%
%
0
0
s
s
d
d
(
(

a
r
r
e
l
a
a
e
e
G G
General Obligation Bonds (100%) ) )
n
n
e
l
i
i
l
a
g
g
l
O

b
b
O
Financial Summar y FY2022 FY2023 % Change
— —
Debt
General Obligation Bonds $906,225 $913,325 0.8%
Total Debt: $906 , 225 $913, 325 0. 8%
City of Colleyville | Budget Book 2023 Page 523