Page 293 - FY 2024-25 ADOPTED BUDGET

DEBT SERVICE FUND

TEN YEAR SUMMARY OF REVENUES AND EXPENDITURES

ACTUAL AND ESTIMATED

FY 2015-16 TO 2024-25
Estimated Variance
Actual Actual Budget 12 Months Favorable Budget

Revenues by Source 2021-22 2022-23 2023-24 2023-24 (Unfavorable) 2024-25

Ad Valorem Taxes $ 870,179 $ 571,065 $ 1,199,414 $ 1,201,455 $ (1,916) $ 1,199,539
Other Revenue 373 569 500 500 - 500

Proceeds from Refunding Bonds - - - - - -
TOTAL REVENUES $ 870,552 $ 571,634 $ 1,199,914 $ 1,201,955 $ (1,916) $ 1,200,039

Expenditures

Bond Principal Maturities
General Obligation Bonds $ 1,370,000 $ 305,000 $ 950,000 $ 950,000 $ - $ 985,000
Certificates of Obligation - - - -
Capitalized Leases - - - -
Miscellaneous Expenses - - - -

Interest 535,537 599,429 578,829 578,829 - 544,763
Agent Fees and Other Expenditures 3,800 4,100 3,800 4,100 - 4,100
TOTAL EXPENDITURES $ 1,909,337 $ 908,529 $ 1,532,629 $ 1,532,929 $ - $ 1,533,863

REVENUES OVER (UNDER) EXPENDITURES $ (1,038,785) $ (336,895) $ (332,715) $ (330,974) $ (1,916) $ (333,824)

Other Financing Sources

Transfers-In
Stormwater Utility Fund $ 742,415 $ 331,485 $ 338,485 $ 338,485 $ 1,634 $ 340,119
Other Funds 297,586 - - - - -
Transfers-Out - - - - - -
Bond Escrow Account - - - - - -
TOTAL OTHER FINANCING SOURCES $ 1,040,001 $ 331,485 $ 338,485 $ 338,485 $ 1,634 $ 340,119

REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES $ 1,216 $ (5,410) $ 5,770 $ 7,511 $ (282) $ 6,295

201