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Debt Service Fund
Municipal Parking Debt Service
FUND SUMMARY
FY2021 FY2022 FY2022 FY2023 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 17,689 - - - - 0.00%
Transfer In 2,976,525 2,976,525 2,976,525 2,975,400 (1,125) -0.04%
Revenue $ 2,994,214 $ 2,976,525 $ 2,976,525 $ 2,975,400 $ (1,125) -0.04%
Debt Service Accts 2,976,525 2,976,525 2,976,525 2,975,400 (1,125) -0.04%
Expenses $ 2,976,525 $ 2,976,525 $ 2,976,525 $ 2,975,400 $ (1,125) -0.04%
FUND PURPOSE AND GOALS
The Municipal Parking Debt Service Fund is used to finance upgrades, repairs, and construction of city parking
facilities. In FY2022, parking revenues were not sufficient to cover the debt, therefore general debt service
supported coverage of the obligation. This was executed by a transfer in of funds from the General Debt Service
Fund. In FY2023, parking revenues are expected to be adequate to cover debt obligations.
The following chart provides principal and interest by series for each bond issuance that has a payment due in
FY2023.
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