Page 327 - CityofWataugaAdoptedBudgetFY25

Water and Sewer Certificates of Obligation
Budget Summary FUND 44

HISTORY CURRENT YEAR FORECAST
2021-22 2022-23 2023-24 2023-24 2024-2025
Actual Actual Budget Estimate Budget *
Fund Balance, October 1 $24,122 $129,544 $55,751 $55,751 $56,589
Revenue:
Transfer from W/S Op Fund 1,760,000 1,726,000 1,800,000 1,800,000 2,025,000
Transfer from W/S CO 0 0 0 0 0
Interest income 0 0 0 0 0
Total Revenue 1,760,000 1,726,000 1,800,000 1,800,000 2,025,000

Total Available Resources 1,784,122 1,855,544 1,855,751 1,855,751 2,081,589

Debt Service Requirements:
Series 2011 CO/Refunding
Principal 0 0 225,000 225,000 235,000
Interest (4,311) 2,293 6,815 6,815 4,124

Series 2024 CO
Principal 0 0 0 0 105,071
Interest 95,775 0 0 0 170,373

Series 2012 CO/Refunding
Principal 0 0 380,000 380,000 385,000
Interest 0 113,000 100,000 100,000 88,525

Series 2017 CO
Principal 0 0 325,000 325,000 335,000
Interest 181,725 172,425 162,825 162,825 152,925

Series 2019 CO
Principal 0 0 285,000 285,000 295,000
Interest 220,523 207,023 193,023 193,023 182,948

Series 2022 CO - 0 105,000 105,000 110,000
18,852 15,500 15,500 11,200

Transfer Principal to Utility Construction 1,160,000 1,285,000 0 0 0
Transfer to W/S Rev

Fiscal Agent Charges 867 1,200 1,000 1,000 1,000
Total Debt Service Requirements 1,654,578 1,799,792 1,799,163 1,799,163 2,076,166

Fund Balance, September 30 $129,544 $55,751 $56,589 $56,589 $5,423

*Fund 42 fund balance included

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