Page 356 - CityofHasletFY25AnnualBudget

DEBT SERVICE

General Obligation Debt Service Fund - 07
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FY 2024 FY 2025
CURRENT PROJECTED PROPOSED
BUDGET YEAR END BUDGET

Fund Balance, October 1 $ 326,298 $ 326,298 $ 350,598

Revenues

Ad Valorem Taxes $ 677,146 $ 677,146 $ 592,081
Delinquent Taxes $ 4,000 $ 4,000 $ 4,000
Penalty & Interest $ 1,000 $ 1,000 $ 1,000
Interest Income $ 9,000 $ 19,000 $ 19,000
Transfers $ - $ - $ -
Misc $ - $ - $ -
Current Year Resources $ 691,146 $ 701,146 $ 616,081

Total Available Resources $ 1,017,444 $ 1,027,444 $ 966,679

Debt Service Requirements

2016 G.O. Refunding Bonds $ - $ - $ -
Principal $ 120,000 $ 120,000 $ 120,000
Interest $ 46,000 $ 46,000 $ 46,000
Fiscal Agent Fees $ - $ - $ 150
Total 2016 G.O. Refunding $ 166,000 $ 166,000 $ 166,150

2016 Certificates of Obligation
Principal $ 79,000 $ 79,000 $ 79,000
Interest $ 13,716 $ 13,716 $ 13,716
Fiscal Agent Fees $ - $ - $ 150
Total 2016 C.O. Bonds $ 92,716 $ 92,716 $ 92,866

2017 Combo Tax & Rev CO
Principal $ 48,000 $ 48,000 $ 48,000
Interest $ 12,088 $ 12,088 $ 12,088
Fiscal Agent Fees $ 150 $ 150 $ 150
Total 2017 C.O. Bonds $ 60,238 $ 60,238 $ 60,238

2022 Combo Tax & Rev CO
Principal $ - $ 150,282
Interest $ 357,892 $ 357,892 $ 204,509
Fiscal Agent Fees $ - $ -
Total 2022 C.O. Bonds $ 357,892 $ 357,892 $ 354,791

Total Debt Requirement $ 676,846 $ 676,846 $ 674,045

Fund Balance, Sept. 30 $ 340,598 $ 350,598 $ 292,634

Haslet Adopted Budget FY 2024-2025 354