Page 16 - CityofRichlandHillsFY25AdoptedBudget
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DEPARTMENT
60/61 GENERAL DEBT SERVICE
FY 2025 TO FY 2025 TO
FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE
CURRENT PROPERTY TAX $ 1,016,282 $ 983,884 $ 1,475,282 $ 1,494,140 $ 18,858 1.3%
DELINQUENT PROPERTY TAX 4,693 7,760 5,000 5,000 - 0.0%
INTEREST & PENALTIES 6,387 7,450 5,200 5,200 - 0.0%
INTEREST INCOME 6,872 52,615 15,000 11,000 (4,000) -26.7%
TOTAL REVENUE $ 1,034,234 $ 1,051,709 $ 1,500,482 $ 1,515,340 $ 14,858 1.0%
PAYMENT OF PRINCIPAL $ 435,500 $ 484,500 $ 815,426 $ 824,006 $ 8,580 1.1%
AGENT AND REPORTING FEE 6,040 6,760 8,520 8,520 - 0.0%
PAYMENT OF INTEREST 475,263 457,445 641,283 643,979 2,696 0.4%
TOTAL EXPENDITURES $ 916,803 $ 948,705 $ 1,465,229 $ 1,476,505 $ 11,276 0.8%
BEGINNING FUND BALANCE 441,480 558,911 661,915 697,168
ENDING FUND BALANCE $ 558,911 $ 661,915 $ 697,168 $ 736,003
