Page 90 - Pantego FY23 Budget

Pantego Econonomic Development Corporation
Debt Service Fund Budget for Fiscal Year 2022-2023

2021-2022 YTD 2021-2022
2019-2020 2020-2021 ADOPTED ACTUAL YEAR END 2022-2023
ACTUAL ACTUAL BUDGET 31-May-22 ESTIMATE BUDGET

ESTIMATED BEGINNING FUND BALANCE $ 199,839 $ 190,879 $ 194,693 $ 194,693 $ 194,693 $ -
REVENUES
Sales Tax Revenue $ 187,439 $ 197,574 $ - $ 69 $ 69
Interest Income 1,507 102 - 24 24
TOTAL REVENUE $ 188,946 $ 197,675 $ - $ 94 $ 94 $ -

EXPENSES
Principal Payment $ 175,000 $ 180,000 $ 190,000 $ 190,000 $ 190,000
Interest Payment 22,906 13,861 4,684 4,788 4,788
TOTAL EXPENDITURES $ 197,906 $ 193,861 $ 194,684 $ 194,788 $ 194,788 $ -

OTHER SOURCES/(USES)
Transfer from Operating Fund (Reserves) $ - $ -
CHANGE IN FUND BALANCE (8,960) 3,814 (194,684) (194,694) (194,694) -

ESTIMATED ENDING FUND BALANCE $ 190,879 $ 194,693 $ 9 $ (0) $ - $ -

ADOPTED BUDGET FY2022-23 TOWNOFPANTEGO.COM/BUDGET PAGE 86