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
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