Page 47 - Pantego FY23 Budget

TOWN OF PANTEGO
DEBT SERVICE FUND (419)
STATEMENT OF REVENUES AND EXPENDITURES
FOR FY 2022/2023 BUDGET

2021-2022 2021-2022 2022‐2023
2019-2020 2020-2021 ADOPTED Y-T-D 2021‐2022 PROPOSED
DESCRIPTION ACTUAL ACTUAL BUDGET 5/31/2022 YE ESTIMATE BUDGET

BEGINNING FUND BALANCE $ - $ 489 $ 1,377 $ 1,377 $ 1,377 $ 852
REVENUES
105.00 Ad-Valorem Tax $ 175,887 $ 178,564 $ 175,450 $ 170,359 $ 174,000 $ 177,375
.02,.04 Ad-Valorem Tax Int and Pen $ 584 $ 723 $ 600 $ 396 $ 525 $ 622
105.10 Ad-Valorem Tax - Delinquent 7 129 50 89 115 85
Ad-Valorem Tax - Del Int & pen 10 135 200 179 200 117
Interest 300 30 48 32 85 250
TOTAL REVENUES $ 176,787 $ 179,580 $ 176,348 $ 171,055 $ 174,925 $ 178,449

EXPENDITURES
Principal $ 70,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 105,000
Interest and fiscal agent charges 106,299 78,450 75,450 38,475 75,450 72,375
TOTAL EXPENDITURES $ 176,299 $ 178,450 $ 175,450 $ 138,475 175,450 177,375
OTHER USES
Transfer Out - to General Fund $ - $ - $ - $ - $ - $ -
CO Compliance charges in
prior debt Serv. Fund 400 $ 1,900 $ -
TOTAL OTHER USES $ - $ 1,900 $ - $ - $ - $ -

TOTAL EXPENDITURES AND
OTHER USES $ 176,299 $ 180,350 $ 175,450 $ 138,475 $ 175,450 $ 177,375
Closed Fund 400 after Audit
in April 2022
ENDING FUND BALANCE $ 489 $ 1,377 $ 2,275 $ 33,957 $ 852 $ 1,926

CHANGE IN FUND BALANCE $ 489 $ 888 $ 898 $ 32,580 $ (525) $ 1,074

ADOPTED BUDGET FY2022-23 TOWNOFPANTEGO.COM/BUDGET PAGE 45