Page 40 - CityofSaginawFY26Budget

CITY OF SAGINAW
BUDGET DETAIL
2025-2026

DEBT SERVICE FUND EXPENDITURES
YEAR-END YEAR-END ADOPTED REVISED ADOPTED $ %
ACTUAL ACTUAL BUDGET BUDGET BUDGET INCREASE/ INCREASE/
Description 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 (DECREASE) (DECREASE)

BOND PRINCIPAL PAYMENTS $ 3,195,000 $ 3,350,000 $ 3,645,000 $ 3,645,000 $ 3,405,000 $ (240,000) -7%
PRINCIPAL PAYMENT-LADDER TRUCK - - - - - - -
PRINCIPAL PAYMENT-TAX NOTE 230,000 230,000 235,000 235,000 240,000 5,000 2%
BOND INTEREST PAYMENTS 2,761,321 3,497,990 3,091,900 3,091,900 3,879,770 787,870 25%

INTEREST PAYMENT-LADDER TRUCK - - - - - - -
INTEREST PAYMENT-TAX NOTE 11,480 8,260 5,005 5,005 1,680 (3,325) -66%
ARBITRAGE EXPENSES - 7,000 15,600 34,330 35,000 19,400 124%
DEBT ISSUANCE COST - - - - - - -
ISSUER CONTRIBUTION/DEBT - - - - - - -
OTHER FIN USES-REFUNDING - - - - - - -
PAYING AGENT FEES 2,384 2,950 5,000 5,000 5,000 - 0%
ADVERTISING LEGAL - - - - - - -

TOTALS $ 6,200,185 $ 7,096,200 $ 6,997,505 $ 7,016,235 $ 7,566,450 $ 568,945 8%

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