Page 100 - CityofKennedaleFY26AdoptedBudget

Fund 02 DEBT SERVICE
Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
02-4001-00-00 PROPERTY TAX-CURRENT 2,338,419 2,372,462 2,372,462 2,646,384

02-4011-00-00 PROPERTY TAX-DELINQUENT 48,548 7,500 7,500 7,500

02-4041-00-00 PROPERTY TAX-PENALTY 12,223 7,500 7,500 7,500

02-4401-00-00 INVESTMENT INCOME 44,734 43,985 43,985 43,985
02-4902-00-00 PROCEEDS-DEBT/LOAN 447,547
TOTAL REVENUES $ 2,891,472 $ 2,431,447 $ 2,431,447 $ 2,705,369

Account Description FY24 Actual FY25 Budget FY25 Projected FY26 Budget
02-5602-21-06 2007 $4.365M GO RFND 129,675 - - -
02-5606-21-06 2016 3.72M REFUNDING 375,000 375,000 375,000 385,000

02-5607-21-06 2016 3.72M REFUNDING 28,416 21,704 21,704 14,902
02-5612-21-06 2007 $4.365M GO RFND 2,574 - - -
02-5621-21-06 BANK FEES / PAYING AGENT FEES 600 500 500 500

02-5622-21-06 ARBITRAGE/DISCLOSURE 2,250 2,500 2,500 2,500
02-5625-21-06 ISSUANCE COSTS 368,817 - - -
02-5626-21-06 PMT TO ESCROW AGENT - - - -
02-5643-21-06 2007 $1.2M TAX BOND-INTEREST 4,300 - - -

02-5644-21-06 2007 $1.2M TAX BOND-PRINCIPAL 215,000 - - -
02-5651-21-06 2019 $2.0M TAX NOTES 380,000 385,000 385,000 395,000

02-5652-21-06 2019 $2.0M TAX NOTES 18,430 11,163 11,163 3,753

02-5655-21-06 2020A $1.54M GO RFND 150,000 150,000 150,000 155,000

02-5656-21-06 2020A $1.54M GO RFND 14,294 12,505 12,505 10,645
02-5657-21-06 2021 $6.0M CO-PRINCIPAL 185,000 240,000 240,000 265,000
02-5658-21-06 2021 $6.0M CO - INTEREST 132,550 124,050 124,050 113,950

02-5659-21-06 2020 1.26M GO REFUND-INTEREST - 13,848 13,848 11,435

02-5660-21-06 2020 1.26M GO REFUND-PRINCIPAL - 125,000 125,000 125,000
02-5661-21-06 2023 $17.0 MM C/O - INTEREST 760,944 80,000 80,000 100,125
02-5662-21-06 2023 $17.0 MM C/O - PRINCIPAL 170,000 104,125 104,125 80,000

02-5669-21-06 2024 $3MM GO - INTEREST 147,750 147,750 123,800

02-5670-21-06 2024 $3MM GO - PRINCIPAL 90,000 90,000 95,000

02-5671-21-06 2024 $11.0 MM C/O - INTEREST - 545,625 545,625 441,363

02-5672-21-06 2024 $11.0 MM C/O - PRINCIPAL - 175,000 175,000 410,000

TOTAL EXPENDITURES $ 2,937,850 $ 2,603,770 $ 2,603,770 $ 2,732,972
TOTAL REVENUES OVER (UNDER) EXPENDITURES $ (46,378) $ (172,323) $ (172,323) $ (27,603)

02-4915-00-00 TRANSFER IN-EDC FUND - 138,848 138,848 136,432
02-4961-00-00 TRANSFER IN-TIRZ 228,229 228,229 228,229 -

02-4960-00-00 TRANSFER IN-PROJECTS 108,055 108,265 108,265 104,475

TOTAL OTHER FINANCING SOURCES (USES) $ 336,284 $ 475,342 $ 475,342 $ 240,907
NET CHANGE IN FUND BALANCE $ 289,906 $ 303,019 $ 303,019 $ 213,304

BEGINNING FUND BALANCE — OCT 1 $ 698,627 $ 988,533 $ 988,533 $ 1,291,552

ENDING FUND BALANCE — SEPT 30 $ 988,533 $ 1,291,552 $ 1,291,552 $ 1,504,856

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