FY25 Proposed Budget

Debt Service Fund (5000 - 5999) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 7,245,356 $

7,116,621 $ 7,252,521 $

7,252,521 $ 6,888,310 $ 6,651,370

Revenues:

Property Taxes Other City Taxes

$ 10,737,535 10,766,909 $ $ 10,695,221 $ 10,695,221 $ 11,527,800 $ 11,873,634

Gas/Electric Excise Tax

108,242

124,260

107,817

107,817

108,200

108,200

Mobile Home Tax

8,981

8,399

8,981

8,981

8,400

8,400

Use Of Money And Property Interest Revenues

54,349

355,051

47,611

47,611

54,500

54,500

Intergovernmental

Property Tax Credits

235,701

196,975

249,448

249,448

224,500

177,100

Charges For Fees And Services Building & Development

22,550

-

-

-

-

-

Other Financial Sources Loan Repayments

61,792

60,079

64,337

64,337

65,200

22,300

Sub-Total Revenues

11,229,150 11,511,673

11,173,415

11,173,415

11,988,600

12,244,134

Transfers In

Transfers-In

1,827,877 1,827,877

1,789,857 1,789,857

1,708,064 1,708,064

1,708,064 1,708,064

1,562,200 1,562,200

1,472,200 1,472,200

Sub-Total Transfers In

Total Revenues & Transfers In

$ 13,057,027 13,301,530 $ $ 12,881,479 $ 12,881,479 $ 13,550,800 $ 13,716,334

Expenditures:

Financial Services & Charges

$

9,500

$

8,990

$

15,000

$

15,000

$

12,000

$

12,000

GO Bonds Principal GO Bonds Interest

10,255,000 10,125,000

10,040,000 1,874,290

10,075,000 1,874,290

10,545,000 1,982,990

10,296,667 2,402,678

1,572,113

1,716,440

Revenue Bonds Principal Revenue Bonds Interest

965,000 384,150

960,000 355,200

955,000 326,400

955,000 326,400

950,000 297,750

950,000 269,250

Total Expenditures

$ 13,185,763 13,165,630 $ $ 13,210,690 $ 13,245,690 $ 13,787,740 $ 13,930,595

Fund Balance, June 30

$ 7,116,621 $

7,252,521 $ 6,923,310 $

6,888,310 $ 6,651,370 $ 6,437,109

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 7,116,621 $

7,252,521 $ 6,923,310 $

6,888,310 $ 6,651,370 $ 6,437,109

417