Page 186 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

General Obligation Debt Service Fund 03

Budget Summary

HISTORY CURRENT YEAR FORECAST
FY2022-23 FY2023-24 FY2024-25 FY2024-25 FY2025-26
Actual Actual Budget Estimate Budget *
Fund Balance, October 1* $782,055 $870,873 $1,224,796 $1,224,796 $1,311,089
Revenues:
Ad Valorem Taxes 3,468,902 4,242,599 4,403,000 4,403,000 3,727,000
Delinquent Taxes 6,382 10,405 11,000 20,000 11,000
Penalty & Interest 17,932 17,827 11,000 15,000 11,000
Interest Income 40,873 67,104 40,000 50,000 50,000
Transfer from EDC 153,200 149,000 150,000 150,000 150,000
Current Year Resources $3,687,290 $4,486,935 $4,615,000 $4,638,000 $3,949,000
Total Available Resources $ 4,469,345 $ 5,357,809 $ 5,839,796 $ 5,862,796 $ 5,260,089
2016 Certificates of Obligation
Principal 265,000 270,000 280,000 280,000 290,000
Interest 98,344 90,319 82,069 82,069 73,519
2018 Certificates of Obligation
Principal 330,000 245,000 255,000 255,000 265,000
Interest 188,840 174,465 161,965 161,965 148,965

2014 Certificates of Obligation
Principal 100,000 100,000 100,000 100,000 100,000
Interest 42,875 39,875 36,875 36,875 33,875

2003/2013 Certificate of Obligation
Principal 190,000 0 0 0 0
Interest 2,138 0 0 0 0
2007 Certificates of Obligation
Principal 220,000 225,000 235,000 235,000 245,000
Interest 43,977 34,832 25,379 25,379 15,516
2024 Certificates of Obligation
Principal 0 0 1,450,000 1,460,000 50,000
Interest 0 0 132,850 120,113 88,700
2020 Refunding (2011) CO
Principal 115,000 115,000 115,000 115,000 115,000
Interest 4,709 3,364 2,018 2,018 673
2019 Certificates of Obligation
Principal 55,000 60,000 60,000 60,000 60,000
Interest 8,575 5,700 3,600 3,600 1,500
2020 TN Certificates of Obligation
Principal 90,000 95,000 100,000 100,000 0
Interest 8,400 5,163 1,750 1,750 0
2020 Certificates of Obligation
Principal 200,000 205,000 155,000 155,000 165,000
Interest 58,325 52,250 46,850 46,850 42,050
2021 Certificates of Obligation
Principal 275,000 285,000 295,000 295,000 295,000
Interest 100,250 89,050 80,400 80,400 74,500
2022 Certificates of Obligation
Principal 1,070,000 190,000 200,000 200,000 210,000
Interest 129,639 128,800 121,000 121,000 112,800
2023 Certificates of Obligation
Principal 0 1,415,000 285,000 285,000 295,000
Interest 0 302,465 327,088 327,088 312,588
2025 Certificates of Obligation (Est.)
Principal 0 0 0 0 664,000
Interest 0 0 0 0 220,000

Fiscal Agent Charges 2,400 1,730 3,000 2,600 2,900
Total Debt Service Requirement $3,598,471 $4,133,012 $4,554,844 $4,551,707 $3,881,585
Fund Balance, September 30 $870,873 $1,224,796 $1,284,952 $1,311,089 $1,378,504

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