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Debt Service Fund
Water Sub Lien Debt Service
FUND SUMMARY
FY2021 FY2022 FY2022 FY2023 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 12,560 - - - - 0.00%
Transfer In - - - - - 0.00%
Revenue $ 12,560 $ - $ - $ - $ - 0.00%
Debt Service Accts - - - - - 0.00%
Transfer Out & Other - - - - - 0.00%
Expenses $ - $ - $ - $ - $ - 0.00%
FUND PURPOSE AND GOALS
In addition to the outstanding general obligation debt, the Water & Sewer Prior Lien Debt Service Fund includes
state revolving loan debt used to fund projects which update, upgrade, or improve the city’s current water &
sewer system. It also includes long-range development and planning of the systems. This debt works in
conjunction with the city’s other water & sewer debt in that issues are subordinate liens to the primary water &
sewer system debt.
All debt obligations were relieved in FY2020 and no outstanding obligations remain for FY2021 and beyond.
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