Page 318 - Watauga FY22-23 Budget

Water and Sewer Certificates of Obligation
Budget Summary FUND 42/44

HISTORY CURRENT YEAR BUDGET
2019-20 2020-21 2021-22 2021-22 2022-23
Actual Actual Budget Estimate* Budget*
Fund Balance, October 1 ($5,517) ($39,947) $24,122 $24,122 $113,382
Revenue:
Transfer from W/S Op Fund 1,600,000 1,598,324 1,760,000 1,760,000 1,726,000
Transfer from W/S CO 1,087 0 0 0 0
Interest income 0 0 0 0 0
Total Revenue 1,601,087 1,598,324 1,760,000 1,760,000 1,726,000

Total Available Resources 1,595,570 1,558,377 1,784,122 1,784,122 1,839,382

Debt Service Requirements:
Series 2021 CO (REF)
Principal 0 0 220,000 220,000 225,000
Interest 83,483 4,796 12,051 12,051 9,448

Series 2020 CO (REF)
Principal 0 0 370,000 370,000 365,000
Interest 169,500 158,850 147,900 95,775 113,000

Series 2017 CO
Principal 0 0 305,000 305,000 315,000
Interest 199,650 190,800 181,725 181,725 172,425

Series 2019 CO
Principal 0 0 265,000 265,000 275,000
Interest 235,398 203,609 220,523 220,523 207,023

Series 2022 - - - - 100,000
21,538
Transfer to Utility Construction 945,000 975,000
Transfer to W/S Rev 1,087

Fiscal Agent Charges 1,400 1,200 1,000 667 1,000
Total Debt Service Requirements 1,635,518 1,534,255 1,723,199 1,670,740 1,804,433

Fund Balance, September 30 ($39,947) $24,122 $60,923 $113,382 $34,949

*Fund 42 fund balance included

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