Page 294 - FY 2023-24 ADOPTED BUDGET

DEBT SERVICE FUND

TEN YEAR SUMMARY OF REVENUES AND EXPENDITURES

ACTUAL AND ESTIMATED

FY 2013-14 TO 2022-23

Estimated Variance
Actual Actual Budget 12 Months Favorable Budget
Revenues by Source 2020-21 2021-22 2022-23 2022-23 (Unfavorable) 2023-24

Ad Valorem Taxes $ 477,298 $ 870,179 $ 590,986 $ 579,576 $ 619,838 $ 1,199,414
Other Revenue - 373 500 500 - 500
Proceeds from Refunding Bonds - - - - - -
TOTAL REVENUES $ 477,298 $ 870,552 $ 591,486 $ 580,076 $ 619,838 $ 1,199,914

Expenditures

Bond Principal Maturities
General Obligation Bonds $ 1,520,000 $ 1,370,000 $ 305,000 $ 305,000 $ - $ 950,000
Certificates of Obligation - - - - -
Capitalized Leases - - - - -
Miscellaneous Expenses - - - - -
Interest 84,959 535,537 599,429 599,429 - 578,829
Agent Fees and Other Expenditures 300 3,800 3,800 3,800 - 3,800
TOTAL EXPENDITURES $ 1,605,259 $ 1,909,337 $ 908,229 $ 908,229 $ - $ 1,532,629

REVENUES OVER (UNDER) EXPENDITURES $ (1,127,961) $ (1,038,785) $ (316,743) $ (328,153) $ 619,838 $ (332,715)

Other Financing Sources
Transfers-In
Stormwater Utility Fund $ 733,366 $ 742,415 $ 331,485 $ 331,485 $ 7,000 $ 338,485
Other Funds 501,203 297,586 - - - -
Transfers-Out - - - - - -
Bond Escrow Account - - - - - -
TOTAL OTHER FINANCING SOURCES $ 1,234,569 $ 1,040,001 $ 331,485 $ 331,485 $ 7,000 $ 338,485

REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES $ 106,608 $ 1,216 $ 14,742 $ 3,332 $ 626,838 $ 5,770

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