Page 10 - NorthRichlandHillsFY24AdoptedBudget

FISCAL YEAR 2023-2024
SCHEDULE 5 - SUMMARY OF REVENUES AND EXPENDITURES

GENERAL DEBT SERVICE FUND

ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY2020/21 FY2021/22 FY2022/23 FY2022/23 FY2023/24
REVENUES

PROPERTY TAXES
General Debt Service Taxes $11,202,557 $11,541,403 $12,718,118 $12,718,118 $12,714,307
PROPERTY TAXES $11,202,557 $11,541,403 $12,718,118 $12,718,118 $12,714,307

TRANSFER-IN
Drainage Utility $220,675 $219,200 $203,975 $203,975 $189,213
Park & Rec. Facilities Dev. Corp 463,005 452,505 442,005 442,005 431,505
Fleet Services Fund 252,300 243,300 234,300 234,300 225,300
TOTAL TRANSFER-IN $935,980 $915,005 $880,280 $880,280 $846,018
OTHER REVENUES
Interest Income $15,810 $19,618 $9,500 $60,000 $60,000
City of Watauga, CIP Participation 82,583 63,068 60,352 63,068 60,352
Excess Collection 0 0 789,512 789,512 1,539,558
TOTAL OTHER REVENUES $98,393 $82,686 $859,364 $912,580 $1,659,910

TOTAL REVENUES $12,236,930 $12,539,094 $14,457,762 $14,510,978 $15,220,235

APPROPRIATION OF FUND BALANCE
General Fund Fund Balance $0 $0 $0 $0 $0
Appropriation of Fund Balance 0 0 0 0 0
TOTAL APPROPRIATION OF FUND BALANCE $0 $0 $0 $0 $0

TOTAL RESOURCES $12,236,930 $12,539,094 $14,457,762 $14,510,978 $15,220,235
EXPENDITURES

DEBT EXPENDITURES
Existing Bonds & C.O.'s $12,102,627 $12,521,720 $14,448,262 $14,448,262 $15,160,235
Issuance Costs / Paying Agent Fees (4,740) 980 9,500 21,185 6,075
Bond Defeasance / Refunding 5,100 0 0 0 0
TOTAL EXPENDITURES $12,102,987 $12,522,700 $14,457,762 $14,469,447 $15,166,310
BALANCE $133,943 $16,395 $0 $41,531 $53,925

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