Page 63 - CityofTrophyClubFY26Budget

Debt Service Fund ACTUAL ACTUAL FY 2024 APPROVED AMENDED FY 2025 YEAR PROPOSED PROJECTED
FY 2026
FY 2027
FY 2022
FY 2025
FY 2025
FY 2023
ACTUAL
TO DATE
Beginning Fund Balance $ 423,426 $ 285,165 $ 553,449 $ 978,229 $ 978,229 $ 978,229 $ 2,797,247 $ 2,674,891
Revenue
Property Taxes $ 2,532,976 $ 2,552,784 $ 2,849,732 $ 2,944,640 $ 2,944,640 $ 3,003,387 $ 3,047,702 $ 3,154,372

Property Taxes/Delinquent (2,738) 6,172 4,786 2,060 2,060 3,499 2,060 2,122

Property Taxes/Penalty & Interest 6,641 11,463 (8,065) 4,635 4,635 (12,436) 4,635 4,774
Intergovernmental Transfer EDC - - - - - - - -
Interest Income 8,756 77,233 81,141 2,575 2,575 42,732 2,652 2,732

Miscellaneous Revenue 227 (5) 5,972 - - - - -

Total Revenue $ 2,545,862 $ 2,647,648 $ 2,933,567 $ 2,953,910 $ 2,953,910 $ 3,037,182 $ 3,057,050 $ 3,164,000
Expenditures
Principal Payments $ 2,138,000 $ 2,014,413 $ 1,965,000 $ 2,285,000 $ 2,285,000 $ 1,040,000 $ 2,662,579 $ 2,791,905
Interest Payments 540,897 564,269 742,586 656,140 656,140 379,051 715,540 671,700

Paying Agent Fees 5,226 2,200 2,719 3,500 3,500 1,575 3,500 3,500

Bond/CO Issuance cost - - - - - - - -
Total Expenditures $ 2,684,123 $ 2,580,882 $ 2,710,305 $ 2,944,640 $ 2,944,640 $ 1,420,626 $ 3,381,619 $ 3,467,105
Other Sources (Uses)
Bond Proceeds $ - $ - $ - $ - $ 8,150,000 $ - $ - $ -
Bond Proceeds- Premium - - - - - - - -
Refund Cost - - - - - - - -
Transfer In- General Fund - - - - - - - -
Transfer In-EDC 4B - 201,518 201,518 202,463 202,463 202,463 202,213 201,688

Transfer In- Street Main. Sales Tax - - - - - - - -
Transfer In- Storm Drainage - - - - - - - -
Transfer In - Capital Projects - - - - - - - -
Transfer In - CCPD - - - - - - - -

Transfer In - sub-total - 201,518 201,518 202,463 202,463 202,463 202,213 201,688
Transfer Out - - - - - - - -
Total Other Sources (Uses) $ - $ 201,518 $ 201,518 $ 202,463 $ 8,352,463 $ 202,463 $ 202,213 $ 201,688
Net Increase (Decrease) $ (138,261) $ 268,284 $ 424,780 $ 211,733 $ 211,733 $ 1,819,019 $ (122,356) $ (101,417)
Ending Fund Balance $ 285,165 $ 553,449 $ 978,229 $ 1,189,962 $ 1,189,962 $ 2,797,247 $ 2,674,891 $ 2,573,474

FY26 Adopted Budget 55 9/9/25