Page 84 - CityofKennedaleFY25AdoptedBudget

Fund 02 DEBT SERVICE
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget

I&S Tax Rate/$100 Valuation 0.137037 0.196917 0.196917 0.195216
Taxable Valuation 948,012,532 1,174,395,219 1,174,395,219 1,215,300,957
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
02-4001-00-00 PROPERTY TAX-CURRENT 1,378,094 2,312,584 2,312,584 2,372,462

02-4011-00-00 PROPERTY TAX-DELINQUENT 150 6,300 8,198 7,500
02-4041-00-00 PROPERTY TAX-PENALTY 7,709 6,100 8,185 7,500

02-4401-00-00 INVESTMENT INCOME 29,123 22,000 43,985 43,985

02-4902-00-00 PROCEEDS-DEBT/LOAN 65,084
TOTAL REVENUES $ 1,480,159 $ 2,346,984 $ 2,372,952 $ 2,431,447
Account Description FY23 Actual FY24 Budget FY24 Projected FY25 Budget
02-5602-01-00 2007 $4.365M GO RFND 126,588 129,675 129,675 -

02-5606-01-00 2016 3.72M REFUNDING 365,000 375,000 375,000 375,000

02-5607-01-00 2016 3.72M REFUNDING 35,039 28,416 28,416 21,704

02-5612-01-00 2007 $4.365M GO RFND 7,661 2,574 2,574 -

02-5621-01-00 BANK FEES / PAYING AGENT FEES 200 600 600 500

02-5622-01-00 ARBITRAGE/DISCLOSURE 2,250 2,500 2,500 2,500

02-5625-01-00 ISSUANCE COSTS 52,702 - - -
02-5626-01-00 PMT TO ESCROW AGENT - - - -

02-5643-01-00 2007 $1.2M TAX BOND-INTEREST 12,800 4,300 4,300 -

02-5644-01-00 2007 $1.2M TAX BOND-PRINCIPAL 210,000 215,000 215,000 -

02-5650-01-00 2011 $3.26M CO-PRINC - -
02-5653-01-00 2019 $2.0M TAX NOTES 370,000 375,000 375,000 385,000

02-5654-01-00 2019 $2.0M TAX NOTES 25,555 18,430 18,430 11,163

02-5655-01-00 2020A $1.54M GO RFND 145,000 150,000 150,000 150,000

02-5656-01-00 2020A $1.54M GO RFND 16,130 14,335 14,335 12,505

02-5657-01-00 2021 $6.0M CO-PRINCIPAL 215,000 185,000 185,000 240,000

02-5658-01-00 2021 $6.0M CO - INTEREST 140,550 132,550 132,550 124,050

02-5667-01-00 2020 1.26M GO REFUND-INTEREST 18,625 - - 13,848

02-5668-01-00 2020 1.26M GO REFUND-PRINCIPAL 120,000 - - 125,000
02-5661-01-00 2023 $17.0 MM C/O - INTEREST - 760,944 760,944 80,000

02-5662-01-00 2023 $17.0 MM C/O - PRINCIPAL - 170,000 170,000 104,125

TBD 2024 $3MM GO - INTEREST 147,750
TBD 2024 $3MM GO - PRINCIPAL 90,000

TBD 2024 $11.0 MM C/O - INTEREST - - - 545,625
TBD 2024 $14.0 MM C/O - PRINCIPAL - - - 175,000

TOTAL EXPENDITURES $ 1,863,100 $ 2,564,324 $ 2,564,324 $ 2,603,769
TOTAL REVENUES OVER (UNDER) EXPENDITURES $ (382,940) $ (217,340) $ (191,372) $ (172,322)
02-4915-00-00 TRANSFER IN-EDC FUND 138,625 - 138,848
02-4961-00-00 TRANSFER IN-TIRZ 228,229 228,229 228,229

02-4960-00-00 TRANSFER IN-PROJECTS 104,800 108,055 108,055 108,265
TOTAL OTHER FINANCING SOURCES (USES) $ 243,425 $ 336,284 $ 336,284 $ 475,342
NET CHANGE IN FUND BALANCE $ (139,515) $ 118,944 $ 144,912 $ 303,020

BEGINNING FUND BALANCE — OCT 1 $ 838,142 $ 698,627 $ 698,627 $ 843,539

ENDING FUND BALANCE — SEPT 30 $ 698,627 $ 817,570 $ 843,539 $ 1,146,558
CITYOFKENNEDALE.COM/BUDGET 84