Page 306 - CityofWataugaAdoptedBudgetFY24

Water and Sewer Certificates of Obligation
Budget Summary FUND 44

HISTORY CURRENT YEAR FORECAST
2020-21 2021-22 2022-23 2022-23 2023-24
Actual Actual Budget Estimate* Budget *
Fund Balance, October 1 ($39,947) $24,122 $129,544 $129,544 $49,396
Revenue:
Transfer from W/S Op Fund 1,598,324 1,760,000 1,726,000 1,726,000 1,800,000
Transfer from W/S CO 0 0 0 0 0
Interest income 0 0 0 0 0
Total Revenue 1,598,324 1,760,000 1,726,000 1,726,000 1,800,000

Total Available Resources 1,558,377 1,784,122 1,855,544 1,855,544 1,849,396

Debt Service Requirements:
Series 2011 CO/Refunding
Principal 0 0 225,000 225,000 225,000
Interest 4,796 (4,311) 9,448 9,448 6,815

Series 2012 CO
Principal 0 0 365,000 365,000 380,000
Interest 158,850 95,775 113,000 113,000 100,000

Series 2017 CO
Principal 0 0 315,000 315,000 325,000
Interest 190,800 181,725 172,425 172,425 162,825

Series 2019 CO
Principal 0 0 275,000 275,000 285,000
Interest 203,609 220,523 207,023 207,023 193,023

Series 2022 (PROPOSED) - - 105,000 105,000 105,000
18,852 18,852 15,500
Transfer Principal to Utility Construction 975,000 1,160,000
Transfer to W/S Rev

Fiscal Agent Charges 1,200 867 1,000 400 1,000
Total Debt Service Requirements 1,534,255 1,654,578 1,806,747 1,806,147 1,799,163

Fund Balance, September 30 $24,122 $129,544 $48,796 $49,396 $50,234

*Fund 42 fund balance included

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