Page 128 - CITY OF AZLE, TEXAS

City of Azle
General Obligation Debt Service Fund
Summary of Revenues and Expenditures

FY 22-23 FY 23-24 FY 23-24 FY 24-25 FY 24-25 FY 24-25
Actual Budget Estimate Proposed CM Rec. Approved
Beginning Balance 162,871 160,505 160,505 114,122 114,122 114,122
Revenue
Ad Valorem Taxes 745,945 718,755 718,755 1,369,946 1,369,946 1,369,946
Penalty & Interest 7,814 4,000 4,000 4,000 4,000 4,000
Delinquent Tax Revenue 16,837 4,000 4,000 4,000 4,000 4,000
Interest Earnings 14,679 4,000 15,000 13,000 13,000 13,000
785,274 730,755 741,755 1,390,946 1,390,946 1,390,946

Expenditures
Principal 540,000 550,000 550,000 850,000 850,000 850,000
Interest 246,840 237,338 237,338 538,946 538,946 538,946
Agent Fees 800 2,000 800 2,000 2,000 2,000
787,640 789,338 788,138 1,390,946 1,390,946 1,390,946

Ending Balance 160,505 101,922 114,122 114,122 114,122 114,122

City of Azle FY 2024-2025 Budget 117