Page 131 - Grapevine FY23 Adopted Budget (1)

FY 2022-23 APPROVED OPERATING BUDGET
FUND 130 - DEBT SERVICE

- Budget At-A-Glance -

2020-21 2021-22 2021-22 2022-23
REVENUE AND OTHER FINANCING SOURCES: Actual Budget Estimate Approved

Property Taxes 13,110,052 13,422,507 13,224,889 13,171,524
Transfers from Other Funds 2,399,369 2,057,569 2,057,569 2,060,869
Interest Income 7,432 150,000 31,389 150,000
Total 15,516,853 15,630,076 15,313,847 15,382,393

2020-21 2021-22 2021-22 2022-23
EXPENDITURES AND OTHER FINANCING USES: Actual Budget Estimate Approved

General Obligation Debt Payments 6,935,000 6,220,000 6,220,000 6,485,000
General Obligation Interest Payments 3,265,983 1,814,132 1,814,132 1,595,543
Certificates of Obligation Debt Payments 1,695,000 3,300,000 2,290,000 2,675,000
Certificates of Obligation Interest Payments 1,577,364 2,018,375 1,740,062 1,684,063
Tax Notes and Notes Payable 1,400,519 1,398,894 2,016,469 1,401,444
Transfers Out 766,016 0 670,738 661,919
Fiscal Agent & Bond Issuance Fees 337,163 0 125,547 0
Total 15,977,045 14,751,401 14,876,948 14,502,969

2020-21 2021-22 2021-22 2022-23
TOTAL OUTSTANDING DEBT: (1) Actual Budget Estimate Approved

General Obligation 121,671,399 105,740,582 85,700,893 84,842,047
Certificates of Obligation 68,374,835 60,067,406 70,896,782 69,922,604
Sales Tax Revenue Bonds 20,982,503 19,581,109 17,024,394 16,781,697
Tax Notes and Contractual Obligations 6,034,335 5,301,173 821,563 810,563
Total 217,063,072 190,690,270 174,443,632 172,356,911

(1) Total Principal and Interest; Does not include Tax Increment Financing (TIRZ) debt obligations.
As of June 1, 2022 total outstanding principal and interest of TIRZ obligations is $11,307,300.

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