RECREATION DEBT SERVICE FUND

About Recreation Debt Service

The Recreation Debt Service Fund accounts for payments of principal and interest on the sales and use tax bonds and Certificates of Participation issued to finance construction of recreation capital projects. The Town issued Certificates of Participation in 2014 to finance a portion of the recreation center expansion. The Town issued a refunding note in 2015 for the outstanding 2006 revenue bonds used to finance the construction of the Parker Fieldhouse and to refund the outstanding revenue bonds issued in 1993 to construct the Parker Recreation Center.

FUND: Recreation Debt Service Fund

Debt Service Funds

EXPLANATION OF SIGNIFICANT BUDGET VARIANCES

2023 Adopted Budget vs. 2022 Projected Actual

• There are no notable variances in this fund in 2023.