FY24 Adopted 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 $ 6,542,477

Revenues:

Property Taxes

$ 11,368,205 11,025,098 $ $ 10,737,535 10,733,062 $ $ 10,695,221 $ 11,016,078

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

11,173,415

11,446,873

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 $ $ 12,881,479 $ 13,008,985

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 10,760,000

10,255,000 10,125,000

10,040,000 1,874,290

10,023,500 2,257,290

1,196,696

1,456,373 1,985,000

1,572,113

1,716,441

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 $ 9,354,036 $ 7,245,356 $ 7,116,621 $ 6,871,688 $ 6,542,477 $ 6,007,921

Fund Balance, June 30

Restricted / Committed /Assigned

2,025,364

-

-

-

-

-

Unassigned Balance

$ 7,328,672 $ 7,245,356 $ 7,116,621 $ 6,871,688 $ 6,542,477 $ 6,007,921

424