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Fund 02 DEBT SERVICE
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
I&S Tax Rate/$100 Valuation 0.191399 0.137037 0.137037 0.196917
Taxable Valuation 848,609,784 948,012,532 1,174,395,219
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
02-4001-00-00 PROPERTY TAX-CURRENT 1,663,796 1,299,118 1,359,288 2,312,584
02-4011-00-00 PROPERTY TAX-DELINQUENT 16,098 12,991 6,300 6,300
02-4041-00-00 PROPERTY TAX-PENALTY 8,586 5,586 6,062 6,100
02-4401-00-00 INVESTMENT INCOME 5,452 49,931 21,216 22,000
02-4902-00-00 PROCEEDS-DEBT/LOAN
TOTAL REVENUES $ 1,693,932 $ 1,367,627 $ 1,392,866 $ 2,346,984
Account Description FY22 Actual FY23 Budget FY23 Est Actuals FY24 Budget
02-5602-01-00 ENTERPRISE LEASE STREETS 120,413 126,588 126,588 129,675
02-5606-01-00 2016 3.72M REFUNDING 356,000 365,000 365,000 375,000
02-5607-01-00 2016 3.72M REFUNDING 41,528 35,039 35,039 28,416
02-5612-01-00 2007 $4.365M GO RFND 12,564 7,661 7,661 2,574
02-5621-01-00 BANK FEES / PAYING AGENT FEES 112 600 600 600
02-5622-01-00 ARBITRAGE/DISCLOSURE 2,250 2,500 2,500 2,500
02-5625-01-00 ISSUANCE COSTS - - - -
02-5626-01-00 PMT TO ESCROW AGENT - - - -
02-5643-01-00 2007 $1.2M TAX BOND-INTEREST 21,000 12,800 12,800 4,300
02-5644-01-00 2007 $1.2M TAX BOND-PRINCIPAL 200,000 210,000 210,000 215,000
02-5650-01-00 2011 $3.26M CO-PRINC - - -
02-5653-01-00 2019 $2.0M TAX NOTES 275,000 370,000 370,000 375,000
02-5654-01-00 2019 $2.0M TAX NOTES 31,683 25,555 14,535 18,430
02-5655-01-00 2020A $1.54M GO RFND 145,000 145,000 145,000 150,000
02-5656-01-00 2020A $1.54M GO RFND 17,854 16,135 16,135 14,335
02-5657-01-00 2021 $6.0M CO-PRINCIPAL 310,000 215,000 215,000 185,000
02-5658-01-00 2021 $6.0M CO - INTEREST 116,542 140,550 140,550 132,550
02-5659-01-00 2020 1.26M GO REFUND 20,941 - - -
02-5660-01-00 2020 1.26M GO REFUND 120,000 - - -
TBD 2023 $17.0 MM C/O - INTEREST - - - 760,944
TBD 2023 $17.0 MM C/O - PRINCIPAL - - - 170,000
TOTAL EXPENDITURES $ 1,790,886 $ 1,672,427 $ 1,661,408 $ 2,564,324
TOTAL REVENUES OVER (UNDER) EXPENDITURES $ (96,954) $ (304,800) $ (268,541) $ (217,340)
02-4915-00-00 TRANSFER IN-EDC FUND 140,941 - -
TBD TRANSFER IN-TIRZ 228,229
02-4960-00-00 TRANSFER IN-PROJECTS 106,501 104,800 104,800 108,055
TOTAL OTHER FINANCING SOURCES (USES) $ 247,442 $ 104,800 $ 104,800 $ 336,284
NET CHANGE IN FUND BALANCE $ 150,488 $ (200,000) $ (163,741) $ 118,944
BEGINNING FUND BALANCE — OCT 1 $ 687,654 $ 838,142 $ 838,142 $ 674,400
ENDING FUND BALANCE — SEPT 30 $ 838,142 $ 638,141 $ 674,400 $ 793,344
CITYOFKENNEDALE.COM/BUDGET 71
