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Debt Service Fund Specific Revenue and Appropriation Details
DEBT SERVICE FUND
DESCRIPTION
The Debt Service Fund is used to account for the accumulation of resources and the payment of general long term debt principal, interest, and bond issuance costs. Revenue in this fund consists primarily of an allocation of the citywide real estate tax revenue.
Interest on Investments 2011 VPSA Interest Refund Local Bond Issues Transfer from General Fund Transfer from Road Maintenance Transfer from Grant Fund (CDBG 108 loan) Transfer from RT 17 Special Taxing District Transfer from Capital Projects
Total Revenue
2019-2020 2020-2021 2021-2022 2022-2023 % 2022-2023 %
Actual Actual Budget Requested Chng Adopted Chng
$ - $ - $ - $ - - $ - 149,972 451,725 - - - - -
31,543,292 37,223,465 - - -
- 25,597,457 25,604,930 27,517,753 29,256,506 6% 28,882,741 5% 1,364,763 1,367,413 1,326,220 1,329,893 0% 1,329,893 0% 328,170 - - - - - 331,359 410,624 398,460 387,269 -3% 387,269 -3% - 389,861 154,227 - -100% 373,765 142%
$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 30,973,668 5% $ 30,973,668 5%
Expenditure Summary
Consolidated Debt
Total Expenditures
2019-2020 2020-2021 2021-2022 2022-2023 % 2022-2023 %
Actual Actual Budget Requested Chng Adopted Chng
$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 30,973,668 5% $ 30,973,668 5%
$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 30,973,668 5% $ 30,973,668 5%
Account Number: 401-95100 2019-2020 2020-2021 2021-2022 2022-2023 % 2022-2023 %
Actual Actual Budget Requested Chng Adopted Chng
59110 Bond Principal
$ 49,155,653 $ 55,518,478 $ 19,053,142 $ 20,998,142 10% $ 20,998,142 10% 59120 Interest on Bonded Debt 9,569,687 9,509,279 9,743,518 9,375,527 -4% 9,375,527 -4% 59130/59140 Bond Issuance and Coupon Handling 589,672 420,261 600,000 600,000 0% 600,000 0%
Total Operating Expenditures
$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 30,973,668 5% $ 30,973,668 5%
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Special Revenue Funds
