FY27 Proposed Budget

Debt Service Fund (5000 - 5999) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 7,252,521 $ 7,487,853 7,250,913 $ $ 7,615,078 $ 7,108,878 $ 3,223,078

Revenues:

Property Taxes

10,681,318 11,464,744

12,169,500 12,169,500

12,207,500

12,903,300

Other City Taxes Gas/Electric Excise Tax

118,607

121,169

113,400

113,400

115,700

115,700

Mobile Home Tax

7,608

8,319

8,400

8,400

8,300

8,300

Use Of Money And Property Interest Revenues

583,216

532,558

52,400

52,400

132,000

132,000

Intergovernmental

Property Tax Credits Other Financial Sources Loan Repayments

261,175

217,834

154,700

154,700

107,300

107,300

64,803

65,192

23,500

23,500

-

-

Sub-Total Revenues

11,716,727 12,409,816

12,521,900 12,521,900

12,570,800

13,266,600

Transfers In

Transfers-In

1,708,560 1,708,560

1,562,111 1,471,100 1,562,111 1,471,100

1,471,100 1,471,100

2,298,500 2,298,500

1,673,200 1,673,200

Sub-Total Transfers In

Total Revenues & Transfers In

$ 13,425,287 13,971,927 $ $ 13,993,000 13,993,000 $ $ 14,869,300 $ 14,939,800

Expenditures:

Financial Services & Charges

4,065

72,228

11,000

111,000

111,000

111,000

GO Bonds Principal GO Bonds Interest

10,075,000 10,545,000

10,880,000 10,880,000

15,590,000 3,054,100

12,323,900 3,216,400

1,829,490

1,979,724 2,280,600

2,288,900

Revenue Bonds Principal Revenue Bonds Interest

955,000 326,400

950,000 297,750

950,000 269,300

950,000 269,300

- -

- -

Total Expenditures

$ 13,189,955 13,844,702 $ $ 14,390,900 14,499,200 $ $ 18,755,100 $ 15,651,300

Fund Balance, June 30

7,487,853

7,615,078 6,853,013

7,108,878

3,223,078

2,511,578

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ 7,487,853 $ 7,615,078 6,853,013 $ $ 7,108,878 $ 3,223,078 $ 2,511,578

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