CITY OF DESOTO 305 BOND DEBT SERVICE FUND FUND
SUMMARY
Actuals FY
Budget FY
Projected FY Adopted FY Planning FY
LINE ITEMS
2020
2021
2021
2022
2023
FUND BALANCE‐BEGINNING
$4,587,635
$4,733,998
$4,733,998
$5,155,934 $5,014,064
REVENUES INTERGOVERNMENTAL REVENUE
$224,955 $7,107,779 $43,231 $42,494 $94,698 $235,564
$358,407 $7,266,912 $55,000 $40,000 $10,000 $235,564
$358,407 $7,720,000 $47,000 $47,000 $93,000 $235,564
$358,407
$358,407
CURRENT TAXES
$6,751,026 $6,886,046
DELINQUENT TAXES PENALTIES & INTEREST INTEREST REVENUES
$55,000 $40,000 $10,000 $232,714
$55,000 $40,000 $10,000 $231,964
TRANSFERS FROM OTHER FUNDS
BOND PROCEEDS
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
CONTRIBUTIONS/MISC. REVENUES
TOTAL REVENUES
$7,748,721 $12,336,356
$7,965,883
$8,500,971
$7,447,147 $7,581,417 $12,603,081 $12,595,481
TOTAL AVAILABLE RESOURCES
$12,699,881 $13,234,969
EXPENDITURES SERVICES & PROFESSIONAL FEES TRANSFER TO OTHER FUNDS
$0
$0
$0
$0
$0
$26,300
$26,300
$26,300
$26,300
$26,300
DEBT SERVICE
$7,576,058 $7,602,358
$7,603,835 $7,630,135
$8,052,735 $8,079,035
$7,562,717 $7,597,889 $7,589,017 $7,624,189
TOTAL EXPENDITURES
FUND BALANCE‐ENDING
$4,733,998
$5,069,746
$5,155,934
$5,014,064 $4,971,292
937,277
940,702
996,045
935,632
939,969
Reserve Requirement ‐45 days
3,796,721
4,129,044
4,159,889
4,078,432
4,031,323
Amount over/(under) Reserve Requirement
303
323
311
322
317
# days covered
0.1714
0.151394
0.151394
0.151394
0.151394
I & S Tax Rate
257
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