FY26 Proposed Budget

Debt Service Fund (5000 - 5999) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 7,116,621 $ 7,252,521 $ 6,888,310 7,487,853 $ $ 7,250,913 $ 6,868,713

Revenues:

Property Taxes

10,766,909 10,681,318

11,527,800 11,527,800

12,186,900

12,552,507

Other City Taxes Gas/Electric Excise Tax

124,260

118,607

108,200

108,200

111,700

111,700

Mobile Home Tax

8,399

7,608

8,400

8,400

8,400

8,400

Use Of Money And Property Interest Revenues

355,051

583,216

54,500

54,500

52,400

52,400

Intergovernmental

Property Tax Credits Other Financial Sources Loan Repayments

196,975

261,175

224,500

224,500

154,700

129,700

60,079

64,803

65,200

65,200

23,500

22,300

Sub-Total Revenues

11,511,673 11,716,727

11,988,600 11,988,600

12,537,600

12,877,007

Transfers In

Transfers-In

1,789,857 1,789,857

1,708,560 1,708,560

1,562,200 1,562,200 1,562,200 1,562,200

1,471,100 1,471,100

1,317,600 1,317,600

Sub-Total Transfers In

Total Revenues & Transfers In

$ 13,301,530 13,425,287 $

$ 13,550,800 13,550,800 $ $ 14,008,700 $ 14,194,607

Expenditures:

Financial Services & Charges

8,990

4,065

12,000

12,000

11,000

12,000

GO Bonds Principal GO Bonds Interest

10,125,000 10,075,000

10,545,000 10,545,000 1,982,990 1,982,990

10,880,000 2,280,600

10,873,400 2,531,500

1,716,440

1,829,490

Revenue Bonds Principal Revenue Bonds Interest

960,000 355,200

955,000 326,400

950,000 297,750

950,000 297,750

950,000 269,300

825,000 240,750

Total Expenditures

$ 13,165,630 13,189,955 $

$ 13,787,740 13,787,740 $ $ 14,390,900 $ 14,482,650

Fund Balance, June 30

7,252,521

7,487,853

6,651,370 7,250,913

6,868,713

6,580,670

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 7,252,521 $ 7,487,853 $ 6,651,370 7,250,913 $ $ 6,868,713 $ 6,580,670

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