Page 58 - CityofTrophyClubFY25AdoptedBudget
P. 58
FY2024-25 Approved Budget
FY 2022
FY 2025
FY 2026
FY 2021
FY 2024
FY 2024
Debt Service Fund ACTUAL ACTUAL FY 2023 APPROVED AMENDED FY 2024 YEAR APPROVED PROJECTED
TO DATE
ACTUAL
Beginning Fund Balance $ 706,640 $ 423,426 $ 107,971 $ 165,869 $ 165,869 $ 206,255 $ 1,779,396 $ 1,991,129
Revenue
Property Taxes $ 2,411,195 $ 2,532,976 $ 2,552,784 $ 2,619,482 $ 2,619,482 $ 2,846,250 $ 2,944,640 $ 3,032,979
Property Taxes/Delinquent 4,078 (2,738) 6,172 2,000 2,000 1,980 2,060 2,122
Property Taxes/Penalty & Interest 4,699 6,641 11,463 4,500 4,500 (5,786) 4,635 4,774
Intergovernmental Transfer EDC - - - - - - - -
Interest Income 740 8,756 77,233 2,500 2,500 52,827 2,575 2,652
Miscellaneous Revenue 14,292 227 (5) - - - - -
Total Revenue $ 2,435,004 $ 2,545,862 $ 2,647,648 $ 2,628,482 $ 2,628,482 $ 2,895,270 $ 2,953,910 $ 3,042,527
Expenditures
Principal Payments $ 2,068,000 $ 2,138,000 $ 2,014,413 $ 2,140,000 $ 2,140,000 $ 890,000 $ 2,285,000 $ 2,353,550
Interest Payments 473,755 540,897 564,269 745,220 745,220 430,205 656,140 675,824
Paying Agent Fees - 5,226 2,200 7,500 7,500 1,925 3,500 3,605
Bond/CO Issuance cost - - - - - - - -
Total Expenditures $ 2,541,755 $ 2,684,123 $ 2,580,882 $ 2,892,720 $ 2,892,720 $ 1,322,130 $ 2,944,640 $ 3,032,979
Other Sources (Uses)
Bond Proceeds $ - $ - $ - $ - $ - $ - $ - $ -
Bond Proceeds- Premium - - - - - - - -
Refund Cost - - - - - - - -
Transfer In- General Fund - - - - - - - -
Transfer In-EDC 4B - - 201,518 201,518 201,518 - 202,463 208,537
Transfer In- Street Main. Sales Tax - - - - - - - -
Transfer In- Storm Drainage - - - - - - - -
Transfer In - Capital Projects - - - - - - - -
Transfer In - CCPD - - - - - - - -
Transfer In - sub-total - - 201,518 201,518 201,518 - 202,463 208,537
Transfer Out 176,463 177,194 170,000 - - - - -
Total Other Sources (Uses) $ 176,463 $ 177,194 $ 371,518 $ 201,518 $ 201,518 $ - $ 202,463 $ 208,537
Net Increase (Decrease) $ (283,214) $ (315,455) $ 98,284 $ (62,720) $ (62,720) $ 1,573,141 $ 211,733 $ 218,085
Ending Fund Balance $ 423,426 $ 107,971 $ 206,255 $ 103,149 $ 103,149 $ 1,779,396 $ 1,991,129 $ 2,209,215
FY 2024-2025 50 Approved Annual Budget