Page 217 - HasletFY24AdoptedBudget

DEBT SERVICE

General Obligation Debt Service Fund - 07
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FY 2023 FY 2024
FY 2019 FY 2020 FY 2021 FY 2022 CURRENT PROJECTED PROPOSED
ACTUAL ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 196,027 $ 213,677 $ 295,777 $ 310,983 $ 290,067 $ 290,067 $ 305,990
Revenues

Ad Valorem Taxes $ 437,873 $ 191,176 $ 336,638 $ 316,895 $ 318,913 $ 318,913 $ 677,146
Delinquent Taxes $ 11,383 $ (22,395) $ (2,600) $ (25,592) $ 4,000 $ 4,000 $ 4,000
Penalty & Interest $ 113 $ 25,669 $ 1,027 $ 1,002 $ 1,000 $ 1,000 $ 1,000
Interest Income $ 9,039 $ 3,244 $ 531 $ 3,184 $ 9,000 $ 9,000 $ 9,000
Transfers $ - $ 200,164 $ - $ - $ - $ - $ -
Misc $ - $ 1,980 $ (428) $ 126 $ - $ - $ -
Current Year Resources $ 458,408 $ 399,838 $ 335,168 $ 295,615 $ 332,913 $ 332,913 $ 691,146
Total Available Resources $ 654,435 $ 613,515 $ 630,945 $ 606,598 $ 622,980 $ 622,980 $ 997,136

Debt Service Requirements

2016 G.O. Refunding Bonds $ - $ - $ - $ - $ - $ - $ -
Principal $ 220,000 $ 105,000 $ 110,000 $ 110,000 $ 115,000 $ 115,000 $ 120,000
Interest $ 65,800 $ 59,200 $ 57,041 $ 53,179 $ 49,450 $ 49,450 $ 46,000
Fiscal Agent Fees $ - $ - $ - $ - $ - $ - $ 150
Total 2016 G.O. Refunding $ 285,800 $ 164,200 $ 167,041 $ 163,179 $ 164,450 $ 164,450 $ 166,150
2016 Certificates of Obligation
Principal $ 72,000 $ 73,000 $ 74,000 $ 76,000 $ 77,000 $ 77,000 $ 79,000
Interest $ 21,211 $ 19,727 $ 18,273 $ 16,777 $ 15,271 $ 15,271 $ 13,716
Fiscal Agent Fees $ - $ - $ - $ - $ - $ - $ 150
Total 2016 C.O. Bonds $ 93,211 $ 92,727 $ 92,273 $ 92,777 $ 92,271 $ 92,271 $ 92,866

2017 Combo Tax & Rev CO
Principal $ 43,000 $ 44,000 $ 45,000 $ 46,000 $ 47,000 $ 47,000 $ 48,000
Interest $ 17,708 $ 16,661 $ 15,498 $ 14,425 $ 13,269 $ 13,269 $ 12,088
Fiscal Agent Fees $ 1,039 $ 150 $ 150 $ 150 $ - $ - $ 150
Total 2017 C.O. Bonds $ 61,747 $ 60,811 $ 60,648 $ 60,575 $ 60,269 $ 60,269 $ 60,238

2022 Combo Tax & Rev CO
Principal $ - $ - $ - $ - $ - $ -
Interest $ - $ - $ - $ - $ - $ 357,892
Fiscal Agent Fees $ - $ - $ - $ - $ - $ -
Total 2022 C.O. Bonds $ - $ - $ - $ - $ - $ - $ 357,892
Total Debt Requirement $ 440,758 $ 317,738 $ 319,962 $ 316,531 $ 316,990 $ 316,990 $ 677,146

Fund Balance, Sept. 30 $ 213,677 $ 295,777 $ 310,983 $ 290,067 $ 305,990 $ 305,990 $ 319,990

Haslet Adopted Budget FY 2023-2024 211