FY2024 Proposed Budget

Debt Service Fund (5000 - 5999) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$

9,227,708

$

9,354,036

$

7,245,356

$

7,116,621

$

6,871,688

$

6,828,055

Revenues:

Property Taxes

11,368,205 $

11,025,098 $

10,737,535 $

10,733,062 $

10,980,799 $

11,310,223 $

Other City Taxes Gas/Electric Excise Tax

127,372

105,270 10,299

108,242

109,097 10,299

107,817

107,817

Mobile Home Tax

9,619

8,981

8,981

8,981

Use Of Money And Property Interest Revenues

248,717

65,341

54,349

25,292

47,611

47,611

Intergovernmental

Property Tax Credits

280,452

250,284

235,701

197,452

249,448

202,049

Charges For Fees And Services Building & Development

-

-

22,550

-

-

-

Other Financial Sources Loan Repayments

50,609

61,655

61,792

61,656

64,337

64,337

Sub-Total Revenues

12,084,974

11,517,947

11,229,150

11,136,858

11,458,993

11,741,018

Transfers In

Transfers-In

1,079,685 1,079,685

1,025,691 1,025,691

1,827,877 1,827,877

1,789,850 1,789,850

1,708,064 1,708,064

1,562,112 1,562,112

Sub-Total Transfers In

Total Revenues & Transfers In

13,164,659 $

12,543,638 $

13,057,027 $

12,926,708 $

13,167,057 $

13,303,130 $

Expenditures:

Financial Services & Charges

$

5,000

$

2,250

$

9,500

$

15,000

$

15,000

$

15,000

GO Bonds Principal GO Bonds Interest

11,245,000 1,196,696

10,760,000 1,456,373 1,985,000

10,255,000 1,572,113

10,125,000 1,716,441

10,040,000 1,874,290

10,023,500 2,257,290

Revenue Bonds Principal Revenue Bonds Interest

140,000 451,635

965,000 384,150

960,000 355,200

955,000 326,400

950,000 297,750

448,695

Total Expenditures

13,038,331 $

14,652,318 $

13,185,763 $

13,171,641 $

13,210,690 $

13,543,540 $

Fund Balance, June 30

$

9,354,036 2,025,364 7,328,672

$

7,245,356

$

7,116,621

$

6,871,688

$

6,828,055

$

6,587,645

Restricted / Committed /Assigned

-

-

-

-

-

Unassigned Balance

$

$

7,245,356

$

7,116,621

$

6,871,688

$

6,828,055

$

6,587,645

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