Page 291 - CityofWataugaAdoptedBudgetFY24

General Obligation Debt Service Fund 03

Budget Summary

HISTORY CURRENT YEAR FORECAST
FY2020-21 FY2021-22 FY2022-23 FY2022-23 FY2023-24
Actual Actual Budget Estimate Budget *
Fund Balance, October 1* $765,068 $758,686 $782,055 $782,055 $827,043
Revenues:
Ad Valorem Taxes 2,750,574 2,987,004 3,400,000 3,450,000 4,149,000
Delinquent Taxes 15,546 11,818 11,000 8,000 11,000
Penalty & Interest 13,221 13,410 11,000 15,000 11,000
Interest Income 1,262 5,113 2,000 35,000 40,000
Transfer from EDC 157,503 147,078 153,200 153,200 149,000
Current Year Resources $2,938,106 $3,164,421 $3,577,200 $3,661,200 $4,360,000
Total Available Resources $ 3,703,174 $ 3,923,108 $ 4,359,255 $ 4,443,255 $ 5,187,043
2016 Certificates of Obligation
Principal 245,000 255,000 265,000 265,000 270,000
Interest 114,869 106,144 98,344 98,344 90,319
2018 Certificates of Obligation
Principal 480,000 310,000 330,000 330,000 245,000
Interest 224,590 204,840 188,840 188,840 174,415

2014 Certificates of Obligation
Principal 515,000 900,000 100,000 100,000 100,000
Interest 72,669 55,625 42,875 42,875 39,875

2003/2013 Certificate of Obligation
Principal 200,000 195,000 190,000 190,000 0
Interest 10,913 6,469 2,138 2,138 0
2007 Certificates of Obligation
Principal 200,000 210,000 220,000 220,000 225,000
Interest 61,239 52,814 43,977 43,977 34,832
2011 Certificates of Obligation
Principal 455,000 0 0 0 0
Interest 24,341 0 0 0 0
2020 Refunding (2011) CO
Principal 0 115,000 115,000 115,000 115,000
Interest 0 6,044 4,709 4,709 3,364

2019 Certificates of Obligation
Principal 50,000 55,000 55,000 55,000 60,000
Interest 13,950 11,325 8,575 8,575 5,700
2020 TN Certificates of Obligation
Principal 75,000 90,000 90,000 90,000 95,000
Interest 22,138 11,550 8,400 8,400 5,163
2020 Certificates of Obligation
Principal 120,000 115,000 200,000 200,000 205,000
Interest 58,028 63,050 58,325 58,325 52,250
2021 Certificates of Obligation
Principal 0 265,000 275,000 275,000 285,000
Interest 0 111,050 100,250 100,250 89,050
2022 Certificates of Obligation
Principal 0 0 1,005,000 1,070,000 190,000
Interest 0 0 213,915 148,179 128,800
2023 Certificates of Obligation
Principal 0 0 0 0 1,390,000
Interest 0 0 0 0 345,000

Fiscal Agent Charges 1,750 2,143 1,400 1,600 2,000
Total Debt Service Requirement $2,944,487 $3,141,053 $3,616,748 $3,616,212 $4,150,767
Fund Balance, September 30 $758,686 $782,055 $742,507 $827,043 $1,036,276
-6381 23369 -39548 44988 209233

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