Page 99 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 Debt Service Fund

DEBT SERVICE FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 05 FY2023 FY2024 FY2024 FY2025

Fund Balance, Beginning 289,264 2,301,242 2,301,242 1,921,729

Revenues
Property Tax Revenue 7,753,182 7,151,428 7,279,461 6,866,380
Interest Income 1,737,381 213,588 100,000 120,000
Transfer from General Fund - - - -
Transfer from Economic Dev. Fund - - - -
Transfer from Oil and Gas - - - -
Proceeds from Bond Issuance - - - -
Premiums on Bond Issuance - - - -
Total Revenues 9,490,563 7,365,016 7,379,461 6,986,380

Funds Available 9,779,826 9,666,258 9,680,703 8,908,109

Expenditures
Principal 4,530,000 4,685,000 4,945,000 5,232,724
Interest 2,945,484 2,786,984 2,789,974 2,647,275
Paying Agent Fees 3,100 17,000 24,000 24,000
Bond Issuance Cost - - - -
Refunded Escrow Bond Payments - - - -
Transfer to Water & Sewer Fund - - - -
Total Expenditures 7,478,584 7,488,984 7,758,974 7,903,999

Fund Balance, Ending 2,301,242 2,177,273 1,921,729 1,004,110

Debt Service Fund Expenditures
$6
$5
$4
Millions $3

$2
$1

$0

Principal Interest