Page 366 - HasletFY24AdoptedBudget

DEBT SERVICE

General Obligation Debt Service Fund - 07
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FY 2023 FY 2024
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 290,067 $ 290,067 $ 305,990

Revenues

Ad Valorem Taxes $ 318,913 $ 318,913 $ 677,146
Delinquent Taxes $ 4,000 $ 4,000 $ 4,000
Penalty & Interest $ 1,000 $ 1,000 $ 1,000
Interest Income $ 9,000 $ 9,000 $ 9,000
Transfers $ - $ - $ -
Misc $ - $ - $ -
Current Year Resources $ 332,913 $ 332,913 $ 691,146

Total Available Resources $ 622,980 $ 622,980 $ 997,136

Debt Service Requirements

2016 G.O. Refunding Bonds $ - $ - $ -
Principal $ 115,000 $ 115,000 $ 120,000
Interest $ 49,450 $ 49,450 $ 46,000
Fiscal Agent Fees $ - $ - $ 150
Total 2016 G.O. Refunding $ 164,450 $ 164,450 $ 166,150

2016 Certificates of Obligation
Principal $ 77,000 $ 77,000 $ 79,000
Interest $ 15,271 $ 15,271 $ 13,716
Fiscal Agent Fees $ - $ - $ 150
Total 2016 C.O. Bonds $ 92,271 $ 92,271 $ 92,866

2017 Combo Tax & Rev CO
Principal $ 47,000 $ 47,000 $ 48,000
Interest $ 13,269 $ 13,269 $ 12,088
Fiscal Agent Fees $ - $ - $ 150
Total 2017 C.O. Bonds $ 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 $ 316,990 $ 316,990 $ 677,146

Fund Balance, Sept. 30 $ 305,990 $ 305,990 $ 319,990

Haslet Adopted Budget FY 2023-2024 358