Page 39 - Saginaw FY24 Adopted Budget
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CITY OF SAGINAW
BUDGET DETAIL
2023-2024
DEBT SERVICE FUND EXPENDITURES
YEAR-END YEAR-END ADOPTED REVISED ADOPTED $ %
ACTUAL ACTUAL BUDGET BUDGET BUDGET INCREASE/ INCREASE/
Description 2020-2021 2021-2022 2022-2023 2022-2023 2023-2024 (DECREASE) (DECREASE)
BOND PRINCIPAL PAYMENTS $ 2,315,000 $ 2,935,000 $ 3,195,000 $ 3,195,000 $ 3,350,000 $ 155,000 5%
PRINCIPAL PAYMENT-LADDER TRUCK - - - - - - -
PRINCIPAL PAYMENT-TAX NOTE 410,000 225,000 230,000 230,000 230,000 - 0%
BOND INTEREST PAYMENTS 1,371,923 1,521,711 2,798,525 2,798,525 3,498,035 699,510 25%
INTEREST PAYMENT-LADDER TRUCK - - - - - - -
INTEREST PAYMENT-TAX NOTE 19,110 14,665 11,480 11,480 8,260 (3,220) -28%
ARBITRAGE EXPENSES 6,000 7,000 10,000 10,000 10,000 - 0%
DEBT ISSUANCE COST - - - - - - -
ISSUER CONTRIBUTION/DEBT - - - - -
OTHER FIN USES-REFUNDING - - - - - - -
PAYING AGENT FEES 1,481 1,914 7,000 7,000 7,000 - 0%
ADVERTISING LEGAL - - - - - - -
TOTALS $ 4,123,514 $ 4,705,291 $ 6,252,005 $ 6,252,005 $ 7,103,295 $ 851,290 14%
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