Page 367 - HasletFY24AdoptedBudget

DEBT SERVICE

Water and Sewer Debt Service Fund - 08

FY 2023 FY 2024
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 276,852 $ 276,852 $ 322,596

Revenues

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

Total Available Resources $ 734,352 $ 734,352 $ 1,696,292

Debt Service Requirements

Transfer to W&S $ - $ - $ -

2015 Certificates of Obligation
Principal $ 210,000 $ 210,000 $ 215,000
Interest $ 92,856 $ 92,856 $ 86,556
Fiscal Agent Fees $ 400 $ 400 $ 400
Total 2015 G.O. Refunding $ 303,256 $ 303,256 $ 301,956

2016 GO Refunding Bonds
Principal $ 75,000 $ 75,000 $ 80,000
Interest $ 33,050 $ 33,050 $ 30,800
Fiscal Agent Fees $ 450 $ 450 $ 450
Total 2007 G.O. Refunding $ 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 $ 411,756 $ 411,756 $ 1,329,402

Fund Balance, Sept. 30 $ 322,596 $ 322,596 $ 366,890

Haslet Adopted Budget FY 2023-2024 359