Page 16 - CityofRichlandHillsFY26AdoptedBudget
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DEPARTMENT
60/61 GENERAL DEBT SERVICE
FY 2026 TO FY 2026 TO
FY 2023 FY 2024 FY 2025 FY 2026 FY 2025 FY 2025
DESCRIPTION ACTUAL ACTUAL ADOPTED ADOPTED $ CHANGE % CHANGE
CURRENT PROPERTY TAX $ 983,884 $ 1,469,444 $ 1,494,140 $ 1,458,290 $ (35,850) 1.7%
DELINQUENT PROPERTY TAX 7,760 8,912 5,000 7,500 2,500 -43.9%
INTEREST & PENALTIES 7,450 9,950 5,200 7,500 2,300 -47.7%
INTEREST INCOME 52,615 36,005 11,000 15,000 4,000 -69.4%
TOTAL REVENUE $ 1,051,709 $ 1,524,311 $ 1,515,340 $ 1,488,290 $ (27,050) -0.6%
PAYMENT OF PRINCIPAL $ 484,500 $ 778,754 $ 949,006 $ 802,760 $ (146,246) 21.9%
AGENT AND REPORTING FEE 6,760 5,500 8,520 9,935 1,415 54.9%
PAYMENT OF INTEREST 457,445 643,228 646,112 604,881 (41,231) 0.4%
TOTAL EXPENDITURES $ 948,705 $ 1,427,482 $ 1,603,638 $ 1,417,576 $ (186,062) 12.3%
BEGINNING FUND BALANCE 558,911 661,915 758,744 670,446
ENDING FUND BALANCE $ 661,915 $ 758,744 $ 670,446 $ 741,160
