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DEBT SERVICE FUND
TEN YEAR SUMMARY OF REVENUES AND EXPENDITURES
ACTUAL AND ESTIMATED
FY 2016-17 TO 2025-26
Estimated Variance
Actual Actual Budget 12 Months Favorable Budget
Revenues by Source 2022-23 2023-24 2024-25 2024-25 (Unfavorable) 2025-26
Ad Valorem Taxes $ 571,065 $ 1,195,518 $ 1,199,539 $ 1,142,730 $ 56,150 $ 1,198,880
Other Revenue 569 626 500 500 - 500
Proceeds from Refunding Bonds - - - - - -
TOTAL REVENUES $ 571,634 $ 1,196,144 $ 1,200,039 $ 1,143,230 $ 56,150 $ 1,199,380
Expenditures
Bond Principal Maturities
General Obligation Bonds $ 305,000 $ 950,000 $ 985,000 $ 985,000 $ - $ 745,000
Certificates of Obligation - - - -
Capitalized Leases - - - -
Miscellaneous Expenses - - - -
Interest 599,429 578,829 544,763 544,763 - 519,238
Agent Fees and Other Expenditures 4,100 5,250 4,100 4,100 - 4,100
TOTAL EXPENDITURES $ 908,529 $ 1,534,079 $ 1,533,863 $ 1,533,863 $ - $ 1,268,338
REVENUES OVER (UNDER) EXPENDITURES $ (336,895) $ (337,935) $ (333,824) $ (390,633) $ 56,150 $ (68,958)
Other Financing Sources
Transfers-In
Stormwater Utility Fund $ 331,485 $ 354,377 $ 340,119 $ 340,119 $ (265,675) $ 74,444
Other Funds - - - - - -
Transfers-Out - - - - - -
Bond Escrow Account - - - - - -
TOTAL OTHER FINANCING SOURCES $ 331,485 $ 354,377 $ 340,119 $ 340,119 $ (265,675) $ 74,444
REVENUES AND OTHER SOURCES OVER
(UNDER) EXPENDITURES $ (5,410) $ 16,442 $ 6,295 $ (50,514) $ (209,525) $ 5,486
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