City of Tonganoxie 2023 Adopted Budget Debt Service Items listed on this page require annual debt service payments from the overall budget and are reported separately from the operational pages of the departments.
2021 Actual
2022
2023
Adopted
Adopted
Expenditures by Debt Type Bond Issue
$ 1,378,958 1,487,010 $ $ 1,318,497
Loans
- -
- -
- -
Inter-Local
Lease-Purchase
125,579 126,065 Total $ 1,504,537 1,612,829 $ $ 1,444,562 125,819
Expenditures by Fund Water Operations Sewer Operations
$
196,719 $
194,829 $
130,678 455,569 22,613 34,693
374,401 80,258 34,692 818,467
501,000 23,000 35,000 859,000
Capital Projects Fire Capital Reserve Debt Bond & Interest
801,009 Total $ 1,504,537 1,612,829 $ $ 1,444,562
Debt Limit
The City's debt limit is a maximum debt limitation calculated according to Kansas law as no more than 30% of total assessed valuation. The value of motor and recreational vehicles is included in total property valuation for determining the City’s debt limit.
Debt Limit calculation as of 12/31/2021 Est 2020/2021 Total Equalized Assessed Tangible Valuation
$ 56,362,724
Debt Limit Ratio
30%
Debt Limit
$ 16,908,817 (5,750,440)
Outstanding Debt Subject to Debt Limit
Est Debt Authority Remaining as of March 3, 2022
$ 11,158,377
Note - General obligation bonds issued to finance utility improvements, revenue bonds, and refunding bonds are not subject to the debt limit. Year reflects value in the first year for the purpose of computing rates of taxes collectible in the following year.
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