Page 47 - PantegoFY24AdoptedBudget

TOWN OF PANTEGO
DEBT SERVICE FUND (419)
STATEMENT OF REVENUES AND EXPENDITURES
FOR FY 2023/2024 BUDGET

2021-2022 2021-2022 2022‐2023
2019-2020 2020-2021 ADOPTED Y-T-D 2021‐2022 PROPOSED
DESCRIPTION ACTUAL ACTUAL BUDGET 7/31/2022 YE ESTIMATE BUDGET

BEGINNING FUND BALANCE $ - $ 489 $ 1,377 $ 1,377 $ 1,377 $ 612
REVENUES
105.00 Ad-Valorem Tax $ 175,887 $ 178,564 $ 175,450 $ 172,486 $ 174,000 $ 667,072
.02,.04 Ad-Valorem Tax Int and Pen $ 584 $ 723 $ 600 $ 612 $ 625 $ 2,340
105.10 Ad-Valorem Tax - Delinquent 7 129 50 383 425 320
Ad-Valorem Tax - Del Int & pen 10 135 200 197 225 440
Interest 300 30 48 1,289 1,335 6,000

997.00 Transfer In from Infrastructure Fund 467,660
TOTAL REVENUES $ 176,787 $ 179,580 $ 176,348 $ 174,968 $ 176,610 $ 1,143,832

EXPENDITURES
Principal $ 70,000 $ 100,000 $ 100,000 $ 105,000 $ 105,000 $ 390,000
Interest and fiscal agent charges 106,299 78,450 75,450 36,975 72,375 744,732
TOTAL EXPENDITURES $ 176,299 $ 178,450 $ 175,450 $ 141,975 177,375 1,134,732

OTHER USES
Transfer Out - to General Fund $ - $ - $ - $ - $ - $ -
CO Compliance charges in
prior debt Serv. Fund 400 $ 1,900 $ -
TOTAL OTHER USES $ - $ 1,900 $ - $ - $ - $ -
TOTAL EXPENDITURES AND
OTHER USES $ 176,299 $ 180,350 $ 175,450 $ 141,975 $ 177,375 $ 1,134,732
Closed Fund 400 after Audit
in April 2022
ENDING FUND BALANCE $ 489 $ 1,377 $ 2,275 $ 34,369 $ 612 $ 9,712

CHANGE IN FUND BALANCE $ 489 $ 888 $ 898 $ 32,993 $ (765) $ 9,100

ADOPTED BUDGET FY2023-24 TOWNOFPANTEGO.COM/BUDGET PAGE 45