Page 304 - CityofWataugaAdoptedBudgetFY24
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DEBT SERVICE
to water sewer projects and to fund capital equipment and the remaining amount will
fund general capital equipment and projects. These Water and Sewer infrastructure
projects will continue throughout the next several years.
The fund is accounted for on the modified accrual basis of accounting. Revenues are
recorded when available and measurable, and expenditures are recorded when the
liability is incurred.
Debt Management
The existing debt payment schedule remains level through 2026 at approximately $1.8
million annually. Projects have been identified for a future debt issuance once the 2019
projects are substantially complete.
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