Page 207 - CityofHasletFY25AnnualBudget
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DEBT SERVICE
General Obligation Debt Service Fund - 07
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FY 2024 FY 2025
FY 2021 FY 2022 FY 2023 CURRENT PROJECTED
ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET
Fund Balance, October 1 $ 295,777 $ 310,983 $ 290,369 $ 326,298 $ 326,298 $ 350,598
Revenues
Ad Valorem Taxes $ 336,638 $ 316,895 $ 325,452 $ 677,146 $ 677,146 $ 592,081
Delinquent Taxes $ (2,600) $ (25,592) $ 4,245 $ 4,000 $ 4,000 $ 4,000
Penalty & Interest $ 1,027 $ 1,002 $ 502 $ 1,000 $ 1,000 $ 1,000
Interest Income $ 531 $ 3,184 $ 13,947 $ 9,000 $ 19,000 $ 19,000
Transfers $ - $ - $ 1,000 $ - $ - $ -
Misc $ (428) $ 428 $ (297) $ - $ - $ -
Current Year Resources $ 335,168 $ 295,917 $ 344,849 $ 691,146 $ 701,146 $ 616,081
Total Available Resources $ 630,945 $ 606,900 $ 635,218 $ 1,017,444 $ 1,027,444 $ 966,679
Debt Service Requirements
2016 G.O. Refunding Bonds $ - $ - $ - $ - $ -
Principal $ 110,000 $ 110,000 $ 115,000 $ 120,000 $ 120,000 $ 120,000
Interest $ 57,041 $ 53,179 $ 49,323 $ 46,000 $ 46,000 $ 46,000
Fiscal Agent Fees $ - $ - $ - $ - $ 150
Total 2016 G.O. Refunding $ 167,041 $ 163,179 $ 164,323 $ 166,000 $ 166,000 $ 166,150
2016 Certificates of Obligation
Principal $ 74,000 $ 76,000 $ 77,000 $ 79,000 $ 79,000 $ 79,000
Interest $ 18,273 $ 16,777 $ 15,237 $ 13,716 $ 13,716 $ 13,716
Fiscal Agent Fees $ - $ - $ - $ - $ 150
Total 2016 C.O. Bonds $ 92,273 $ 92,777 $ 92,237 $ 92,716 $ 92,716 $ 92,866
2017 Combo Tax & Rev CO
Principal $ 45,000 $ 46,000 $ 47,000 $ 48,000 $ 48,000 $ 48,000
Interest $ 15,498 $ 14,425 $ 13,269 $ 12,088 $ 12,088 $ 12,088
Fiscal Agent Fees $ 150 $ 150 $ 150 $ 150 $ 150 $ 150
Total 2017 C.O. Bonds $ 60,648 $ 60,575 $ 60,419 $ 60,238 $ 60,238 $ 60,238
2022 Combo Tax & Rev CO
Principal $ - $ - $ - $ 150,282
Interest $ - $ - $ (8,059) $ 357,892 $ 357,892 $ 204,509
Fiscal Agent Fees $ - $ - $ - $ -
Total 2022 C.O. Bonds $ - $ - $ (8,059) $ 357,892 $ 357,892 $ 354,791
Total Debt Requirement $ 319,962 $ 316,531 $ 308,920 $ 676,846 $ 676,846 $ 674,045
Fund Balance, Sept. 30 $ 310,983 $ 290,369 $ 326,298 $ 340,598 $ 350,598 $ 292,634
Haslet Adopted Budget FY 2024-2025 205
