Page 182 - CityofSaginawFY25Budget
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CITY OF SAGINAW
DEBT SERVICE FUND SUMMARY OF
REVENUES AND EXPENDITURES
YEAR-END REVISED ADOPTED
ACTUAL BUDGET BUDGET
2022-2023 2023-2024 2024-2025
REVENUES
Current Property Taxes $ 6,200,655 $ 6,984,000 $ 6,751,580
Other Taxes and Fees 28,210 (27,000) 12,000
Bond Premium - - -
Interest on Investments 188,588 220,100 150,000
Other Financing Sources-Refunding - - -
Transfers from Other Funds - - -
Use of Fund Balance - - 83,925
TOTAL REVENUES $ 6,417,453 $ 7,177,100 $ 6,997,505
EXPENDITURES
Principal Retirement $ 3,425,000 $ 3,580,000 $ 3,880,000
Interest 2,772,801 3,506,295 3,096,905
Debt Issuance Cost - - -
Other Financing Uses-Refunding - - -
Arbitrage Expenses - 10,000 15,600
Agent Fees 2,384 7,000 5,000
TOTAL EXPENDITURES $ 6,200,185 $ 7,103,295 $ 6,997,505
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