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DEBT SERVICE

General Obligation Debt Service Fund - 07

FY 2022 FY 2023
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 310,983 $ 310,983 $ 327,915

Revenues

Ad Valorem Taxes $ 318,913 $ 318,913 $ 316,990
Delinquent Taxes $ 4,000 $ 4,000 $ 4,000
Penalty & Interest $ 1,000 $ 1,000 $ 1,000
Interest Income $ 9,000 $ 9,000 $ 9,000
Transfers
Misc $ - $ -
Current Year Resources $ 332,913 $ 332,913 $ 330,990

Total Available Resources $ 643,896 $ 643,896 $ 658,905

Debt Service Requirements

2016 G.O. Refunding Bonds
Principal $ 110,000 $ 110,000 $ 115,000
Interest $ 52,750 $ 52,750 $ 49,450
Fiscal Agent Fees $ -
Total 2016 G.O. Refunding $ 162,750 $ 162,750 $ 164,450

2016 Certificates of Obligation
Principal $ 76,000 $ 76,000 $ 77,000
Interest $ 16,806 $ 16,806 $ 15,271
Fiscal Agent Fees $ - $ - $ -
Total 2016 C.O. Bonds $ 92,806 $ 92,806 $ 92,271

2017 Combo Tax & Rev CO
Principal $ 46,000 $ 46,000 $ 47,000
Interest $ 14,425 $ 14,425 $ 13,269
Fiscal Agent Fees $ - $ - $ -
Total 2017 C.O. Bonds $ 60,425 $ 60,425 $ 60,269

Total Debt Requirement $ 315,981 $ 315,981 $ 316,990

Fund Balance, Sept. 30 $ 327,915 $ 327,915 $ 341,915

ORD No. 017-2022 Page 6 of 30