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DEBT SERVICE

Water and Sewer Debt Service Fund - 08

FY 2022 FY 2023
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 228,928 $ 228,928 $ 277,672

Revenues

Transfer from Impact $ 150,000 $ 150,000 $ 150,000
Transfer from W&S $ 235,000 $ 235,000 $ 235,000
Bond Proceeds $ - $ - $ -
Transfer from Type A $ 35,000 $ 35,000 $ 35,000
Transfer from Type B $ 35,000 $ 35,000 $ 35,000
Interest Income $ 2,500 $ 2,500 $ 2,500
Transfers
Current Year Resources $ 457,500 $ 457,500 $ 457,500

Total Available Resources $ 686,428 $ 686,428 $ 735,172

Debt Service Requirements

2015 Certificates of Obligation
Principal $ 200,000 $ 200,000 $ 210,000
Interest $ 98,056 $ 98,056 $ 92,856
Fiscal Agent Fees $ 400 $ 400 $ 400
Total 2015 G.O. Refunding $ 298,456 $ 298,456 $ 303,256

2016 GO Refunding Bonds
Principal $ 75,000 $ 75,000 $ 75,000
Interest $ 35,300 $ 35,300 $ 33,050
Fiscal Agent Fees $ - $ - $ 450
Total 2007 G.O. Refunding $ 110,300 $ 110,300 $ 108,500

Total Debt Requirement $ 408,756 $ 408,756 $ 411,756

Fund Balance, Sept. 30 $ 277,672 $ 277,672 $ 323,416

ORD No. 017-2022 Page 7 of 30