Page 311 - CityofWataugaAdoptedBudgetFY25

General Obligation Debt Service Fund 03

Budget Summary

HISTORY CURRENT YEAR FORECAST
FY2021-22 FY2022-23 FY2023-24 FY2023-24 FY2024-25
Actual Actual Budget Estimate Budget *
Fund Balance, October 1* $758,686 $782,055 $870,873 $870,873 $1,151,542
Revenues:
Ad Valorem Taxes 2,987,004 3,468,902 4,149,000 4,195,000 4,403,000
Delinquent Taxes 11,818 6,382 11,000 9,000 11,000
Penalty & Interest 13,410 17,932 11,000 14,000 11,000
Interest Income 5,113 40,873 40,000 65,000 40,000
Transfer from EDC 147,078 153,200 149,000 149,000 150,000
Current Year Resources $3,164,421 $3,687,290 $4,360,000 $4,432,000 $4,615,000
Total Available Resources $ 3,923,108 $ 4,469,345 $ 5,230,873 $ 5,302,873 $ 5,766,542
2016 Certificates of Obligation
Principal 255,000 265,000 270,000 270,000 280,000
Interest 106,144 98,344 90,319 90,319 82,069
2018 Certificates of Obligation
Principal 310,000 330,000 245,000 245,000 255,000
Interest 204,840 188,840 174,415 174,465 161,965

2014 Certificates of Obligation
Principal 900,000 100,000 100,000 100,000 100,000
Interest 55,625 42,875 39,875 39,875 36,875

2003/2013 Certificate of Obligation
Principal 195,000 190,000 0 0 0
Interest 6,469 2,138 0 0 0
2007 Certificates of Obligation
Principal 210,000 220,000 225,000 225,000 235,000
Interest 52,814 43,977 34,832 34,832 25,379

2024 Certificates of Obligation
Principal 0 0 0 0 1,450,000
Interest 0 0 0 0 132,850
2020 Refunding (2011) CO
Principal 115,000 115,000 115,000 115,000 115,000
Interest 6,044 4,709 3,364 3,364 2,018

2019 Certificates of Obligation
Principal 55,000 55,000 60,000 60,000 60,000
Interest 11,325 8,575 5,700 5,700 3,600
2020 TN Certificates of Obligation
Principal 90,000 90,000 95,000 95,000 100,000
Interest 11,550 8,400 5,163 5,163 1,750
2020 Certificates of Obligation
Principal 115,000 200,000 205,000 205,000 155,000
Interest 63,050 58,325 52,250 52,250 46,850
2021 Certificates of Obligation
Principal 265,000 275,000 285,000 285,000 295,000
Interest 111,050 100,250 89,050 89,050 80,400
2022 Certificates of Obligation
Principal 0 1,070,000 190,000 190,000 200,000
Interest 0 129,639 128,800 128,800 121,000
2023 Certificates of Obligation
Principal 0 0 1,415,000 1,415,000 285,000
Interest 0 0 320,000 320,092 327,088

Fiscal Agent Charges 2,143 2,400 2,000 2,422 2,600
Total Debt Service Requirement $3,141,053 $3,598,471 $4,150,767 $4,151,331 $4,554,444
Fund Balance, September 30 $782,055 $870,873 $1,080,106 $1,151,542 $1,212,098
23369 88818 209233 280669 60556

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