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

Actual Actual Budget YTD to Dec Requested Chng Recommended Chng

$ - $ - $ - $ - - $ - - $ - 149,972 451,725 - 1,008,750 - - - - -

31,543,292 37,223,465 - - - - -

- 25,597,457 25,604,930 27,517,753 6,727,637 24% 29,256,506 6% 28,882,741 5% 1,364,763 1,367,413 1,326,220 - 0% 1,329,893 0% 1,329,893 0%

328,170 -

331,359 410,624 398,460 - - - -

- - 0% 387,269 -3% 387,269 -3%

- 389,861 154,227 - 0% - -100% 373,765 142%

$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 7,736,388 26% $ 30,973,668 5% $ 30,973,668 5%

Expenditure Summary

Consolidated Debt

Total Expenditures

2019-2020 2020-2021 2021-2022 2021-2022 2022-2023 % 2022-2023 %

Actual Actual Budget YTD to Dec Requested Chng Recommended Chng

$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 6,727,637 23% $ 30,973,668 5% $ 30,973,668 5%

$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 6,727,637 23% $ 30,973,668 5% $ 30,973,668 5%

Account Number: 401-95100 2019-2020 2020-2021 2021-2022 2021-2022 % 2022-2023 % 2022-2023 %

Actual Actual Budget Exp to Dec Exp Requested Chng Recommended Chng

59110 Bond Principal

$ 49,155,653 $ 55,518,478 $ 19,053,142 $ 2,339,488 12% $ 20,998,142 10% $ 20,998,142 10% 59120 Interest on Bonded Debt 9,569,687 9,509,279 9,743,518 4,380,871 45% 9,375,527 -4% 9,375,527 -4% 59130/59140 Bond Issuance and Coupon Handling 589,672 420,261 600,000 7,278 1% 600,000 0% 600,000 0%

Total Operating Expenditures

$ 59,315,013 $ 65,448,018 $ 29,396,660 $ 6,727,637 23% $ 30,973,668 5% $ 30,973,668 5%

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Enterprise Funds