City of Tonganoxie 2024 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.
2022 Actual
2023
2024
Adopted Adopted
Expenditures by Debt Type Bond Issue
$ 1,354,994 1,318,496 $ $ 1,441,293
Loans
- -
- -
- -
Inter-Local
Lease-Purchase
125,820 126,320 Total $ 1,480,814 1,444,562 $ $ 1,567,613 126,066
Expenditures by Fund Water Operations Sewer Operations
$
194,828 $
130,678 $
202,716 505,710 22,613 34,693
370,802 22,613 34,692 857,879
455,569 22,613 34,693 801,009
Capital Projects Fire Capital Reserve Debt Bond & Interest
801,881 Total $ 1,480,814 1,444,562 $ $ 1,567,613
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 04/01/2023 Est 2022 Total Equalized Assessed Tangible Valuation
$ 61,558,540
Debt Limit Ratio
30%
Debt Limit
$ 18,467,562 (5,135,488)
Outstanding Debt Subject to Debt Limit
Est Debt Authority Remaining as of April 1, 2023
$ 13,332,074
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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