Page 97 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 DEBT Service Fund

DEBT SERVICE FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 05 FY2021 FY2022 FY2022 FY2023

Fund Balance, Beginning 932,094 1,388,561 1,023,075 1,216,336

Revenues
Property Tax Revenue 7,113,879 6,952,732 7,305,354 7,214,306
Interest Income 2,458 8,671 10,600 20,000
Transfer from Oil and Gas 306,780 293,413 293,413 -
Proceeds from Bond Issuance 6,340,000 - - -
Total Revenues 13,763,117 7,254,816 7,609,367 7,234,306

Funds Available 14,695,211 8,643,377 8,632,442 8,450,642

Expenditures
Principal 5,580,000 5,510,000 5,510,000 4,530,000
Interest 992,902 1,617,397 1,744,522 2,945,549
Paying Agent Fees 4,019 5,000 5,000 5,000
Bond Issuance Cost 155,787 500,000 156,585 -
Refunded Escrow Bond Payments 6,939,428 - - -
Total Expenditures 13,672,135 7,632,397 7,416,107 7,480,549

Fund Balance, Ending 1,023,075 1,010,980 1,216,336 970,093

Debt Service Fund Expenditures
$6

$5
$4
Millions $3

$2

$1
$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023
Principal Interest