Page 10 - CityofNRHFY25AdoptedBudget

FISCAL YEAR 2024-2025
SCHEDULE 5 - SUMMARY OF REVENUES AND EXPENDITURES

GENERAL DEBT SERVICE FUND
ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY2021/22 FY2022/23 FY2023/24 FY2023/24 FY2024/25
REVENUES
PROPERTY TAXES
General Debt Service Taxes $11,541,403 $12,718,118 $12,714,307 $12,714,307 $11,780,946
PROPERTY TAXES $11,541,403 $12,718,118 $12,714,307 $12,714,307 $11,780,946
TRANSFER-IN
Drainage Utility $219,200 $203,975 $189,213 $189,213 $184,800
Park & Rec. Facilities Dev. Corp 452,505 442,005 431,505 431,505 421,005
Fleet Services Fund 243,300 234,300 225,300 225,300 216,300
TOTAL TRANSFER-IN $915,005 $880,280 $846,018 $846,018 $822,105

OTHER REVENUES
Interest Income $19,618 $86,659 $60,000 $100,730 $100,700
City of Watauga, CIP Participation 63,068 63,068 60,352 60,352 0
Excess Collection 0 789,512 1,539,558 1,539,558 0
TOTAL OTHER REVENUES $82,686 $939,239 $1,659,910 $1,700,640 $100,700
TOTAL REVENUES $12,539,094 $14,537,637 $15,220,235 $15,260,965 $12,703,751

APPROPRIATION OF FUND BALANCE
General Fund Fund Balance $0 $0 $0 $0 $0
Appropriation of Fund Balance 0 0 0 0 1,424,756
TOTAL APPROPRIATION OF FUND BALANCE $0 $0 $0 $0 $1,424,756

TOTAL RESOURCES $12,539,094 $14,537,637 $15,220,235 $15,260,965 $14,128,507
EXPENDITURES

DEBT EXPENDITURES
Existing Bonds & C.O.'s $12,521,720 $14,389,522 $15,160,235 $15,160,235 $14,113,167
Issuance Costs / Paying Agent Fees 980 (9,120) 6,075 6,075 15,340
Bond Defeasance / Refunding 0 0 0 0 0
TOTAL EXPENDITURES $12,522,700 $14,380,402 $15,166,310 $15,166,310 $14,128,507
BALANCE $16,395 $157,235 $53,925 $94,655 $0

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