Page 287 - CityofKellerFY25Budget

DEBT SERVICE FUND

FUND DESCRIPTION:
The Debt Service Fund is used to account for the accumulation of resources for and the payment of, general long-term
debt principal and interest.

REVENUE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Current Taxes $ 3,616,536 $ 3,978,747 $ 3,920,747 $ 3,605,130 $ (373,617)

Delinquent Taxes 1,261 15,165 – 6,140 (9,025)

Penalty & Interest-Taxes 12,697 12,305 20,693 20,693 8,388

Premium On Debt Issuance – – – – –

Debt Issuance-Refunding Bonds – – – – –
Interest Revenue-Investments 118,504 55,379 225,910 225,910 170,531

Miscellaneous Revenue – – – – –
TOTAL $ 3,748,998 $ 4,061,596 $ 4,167,350 $ 3,857,873 $ (203,723)

EXPENDITURE SUMMARY

FY 2024-25
EXPENDITURES BY FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –
Operations & maintenance – – – – –

Services & other – – – – –
Debt service 3,271,047 3,996,592 3,222,986 3,562,746 (433,846)
Capital outlay – – – – –

TOTAL $ 3,271,047 $ 3,996,592 $ 3,222,986 $ 3,562,746 $ (433,846)

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