Page 225 - HasletFY24AdoptedBudget

DEBT SERVICE

Water and Sewer Debt Service Fund - 08

FY 2023 FY 2024
FY 2020 FY 2021 FY 2022 CURRENT PROJECTED PROPOSED
ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 140,202 $ 186,645 $ 228,928 $ 276,852 $ 276,852 $ 322,596

Revenues

Transfer from Impact $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000
Transfer from W&S $ 235,000 $ 235,000 $ 235,000 $ 235,000 $ 235,000 $ 1,151,196
Bond Proceeds $ - $ - $ - $ - $ - $ -
Transfer from Type A $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000
Transfer from Type B $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000
Interest Income $ 2,348 $ 388 $ 2,479 $ 2,500 $ 2,500 $ 2,500
Transfers $ 3,499 $ - $ - $ - $ - $ -
Current Year Resources $ 460,847 $ 455,388 $ 457,479 $ 457,500 $ 457,500 $ 1,373,696

Total Available Resources $ 601,049 $ 642,033 $ 686,407 $ 734,352 $ 734,352 $ 1,696,292

Debt Service Requirements

Transfer to W&S $ - $ - $ - $ - $ -

2015 Certificates of Obligation
Principal $ 190,000 $ 195,000 $ 200,000 $ 210,000 $ 210,000 $ 215,000
Interest $ 110,405 $ 104,705 $ 98,855 $ 92,856 $ 92,856 $ 86,556
Fiscal Agent Fees $ (1,101) $ 400 $ 400 $ 400 $ 400 $ 400
Total 2015 G.O. Refunding $ 299,304 $ 300,105 $ 299,255 $ 303,256 $ 303,256 $ 301,956

2016 GO Refunding Bonds
Principal $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 80,000
Interest $ 39,650 $ 37,550 $ 35,300 $ 33,050 $ 33,050 $ 30,800
Fiscal Agent Fees $ 450 $ 450 $ - $ 450 $ 450 $ 450
Total 2007 G.O. Refunding $ 115,100 $ 113,000 $ 110,300 $ 108,500 $ 108,500 $ 111,250

2022 Combo Tax & Rev CO
Principal $ - $ - $ - $ - $ - $ -
Interest $ - $ - $ - $ - $ - $ 916,196
Fiscal Fees $ - $ - $ - $ - $ - $ -
Total 2022 CO's $ - $ - $ - $ - $ - $ 916,196

Total Debt Requirement $ 414,404 $ 413,105 $ 409,555 $ 411,756 $ 411,756 $ 1,329,402

Fund Balance, Sept. 30 $ 186,645 $ 228,928 $ 276,852 $ 322,596 $ 322,596 $ 366,890

Haslet Adopted Budget FY 2023-2024 219