Page 303 - Watauga FY22-23 Budget

General Obligation Debt Service Fund 03

Budget Summary

HISTORY CURRENT YEAR BUDGET
FY2019‐20 FY2020‐21 FY2021‐22 FY2021‐22 FY2022‐23
Actual Actual Budget Estimate Budget
Fund Balance, October 1* $659,603 $765,068 $732,136 $758,686 $769,918
Revenues:
Ad Valorem Taxes 2,582,860 2,750,574 2,946,000 2,979,312 3,400,000
Delinquent Taxes 15,338 15,546 11,000 11,881 11,000
Penalty & Interest 13,720 13,221 10,000 11,437 11,000
Interest Income 11,652 1,262 1,000 1,977 2,000
Transfer from EDC 100,178 157,503 147,078 147,077 153,178
Current Year Resources $2,723,748 $2,938,106 $3,115,078 $3,151,685 $3,577,178
Total Available Resources $ 3,383,350 $ 3,703,174 $ 3,847,214 $ 3,910,371 $ 4,347,096
2016 Certificates of Obligation
Principal 235,000 245,000 255,000 255,000 265,000
Interest 124,469 114,869 106,144 106,144 98,344
2018 Certificates of Obligation
Principal 390,000 480,000 310,000 310,000 330,000
Interest 229,661 224,590 204,840 204,840 188,840
2014 Certificates of Obligation
Principal 180,000 515,000 900,000 900,000 100,000
Interest 80,263 72,669 55,625 55,625 42,875
2003/2013 Certificate of Obligation
Principal 190,000 200,000 195,000 195,000 190,000
Interest 15,300 10,913 6,469 6,469 2,138
2005/2013 Certificates of Obligation
Principal 330,000 0 0 0 0
Interest 6,154 0 0 0 0
2007 Certificates of Obligation
Principal 190,000 200,000 210,000 210,000 220,000
Interest 69,253 61,239 52,813 52,814 43,977
2011 Certificates of Obligation
Principal 435,000 455,000 0 0 0
Interest 40,425 24,341 0 0 0

2020 Refunding (2011) CO
Principal 0 0 115,000 115,000 115,000
Interest 0 0 6,055 6,044 4,709
2019 Certificates of Obligation
Principal 85,000 50,000 55,000 55,000 55,000
Interest 16,358 13,950 11,325 11,325 8,575
2020 TN Certificates of Obligation
Principal 0 75,000 90,000 90,000 90,000
Interest 0 22,138 11,550 11,550 8,400
2020 Certificates of Obligation
Principal 0 120,000 115,000 115,000 200,000
Interest 0 58,028 63,050 63,050 58,325
2021 Certificates of Obligation
Principal 0 0 265,000 265,000 275,000
Interest 0 0 114,188 111,050 100,250
2022 Certificates of Obligation
Principal 0 0 0 0 1,005,000
Interest 0 0 0 0 213,915

Fiscal Agent Charges 1,400 1,750 1,600 1,543 2,000
Total Debt Service Requirement $2,618,283 $2,944,487 $3,143,657 $3,140,453 $3,617,348
Fund Balance, September 30 $765,068 $758,686 $703,557 $769,918 $729,748
105465 -6381 -28579 11232 -40170

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