Page 126 - CITY OF AZLE, TEXAS

City of Azle
General Obligation Debt Service Fund
Summary of Revenues and Expenditures

FY 21-22 FY 22-23 FY 22-23 FY 23-24 FY 23-24 FY 23-24
Actual Budget Estimate Proposed CM Rec. Approved
Beginning Balance 151,158 162,871 162,871 140,530 140,530 140,530
Revenue
Ad Valorem Taxes 787,244 683,868 735,000 718,755 718,755 718,755
Penalty & Interest 4,939 3,500 6,000 4,000 4,000 4,000
Delinquent Tax Revenue 4,419 4,000 11,000 4,000 4,000 4,000
Interest Earnings 1,937 1,000 14,500 4,000 4,000 4,000
798,539 692,368 766,500 730,755 730,755 730,755

Expenditures
Principal 530,000 540,000 540,000 550,000 550,000 550,000
Interest 256,026 246,841 246,841 237,338 237,338 237,338
Agent Fees 800 2,000 2,000 2,000 2,000 2,000
786,826 788,841 788,841 789,338 789,338 789,338

Ending Balance 162,871 66,398 140,530 81,947 81,947 81,947

City of Azle FY 2023-2024 Budget 115