Page 177 - GFOA Draft 2
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CITY OF SAGINAW
DEBT SERVICE FUND SUMMARY OF
REVENUES AND EXPENDITURES
YEAR-END REVISED ADOPTED
ACTUAL BUDGET BUDGET
2020-2021 2021-2022 2022-2023
REVENUES
Current Property Taxes $ 4,011,068 $ 4,734,255 $ 6,162,085
Other Taxes and Fees 3,799 25,350 18,000
Bond Premium 4,440 3,455 -
Interest on Investments 942 24,525 12,615
Other Financing Sources-Refunding - - -
Transfers from Other Funds - - -
Use of Fund Balance - - -
TOTAL REVENUES $ 4,020,248 $ 4,787,585 $ 6,192,700
EXPENDITURES
Principal Retirement $ 2,725,000 $ 3,160,000 $ 3,425,000
Interest 1,391,033 1,536,385 2,810,005
Debt Issuance Cost - - -
Other Financing Uses-Refunding - - -
Arbitrage Expenses 6,000 10,000 10,000
Agent Fees 1,481 6,000 7,000
TOTAL EXPENDITURES $ 4,123,514 $ 4,712,3855 $ 6,252,005
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