CITY OF DESOTO FUND BOND DEBT SERVICE FUND 305 SUMMARY
Actuals FY
Budget FY
Projected FY Adopted FY Planning FY
LINE ITEMS
2019
2020
2020
2021
2022
FUND BALANCE-BEGINNING
$4,031,604
$4,587,634
$4,587,634
$4,131,081 $4,466,829
REVENUES INTERGOVERNMENTAL REVENUE
$353,030 $7,195,685 $66,566 $50,788 $43,835 $337,613
$358,407 $6,948,984 $55,000 $40,000 $50,000 $235,564
$358,407 $6,948,984 $55,000 $40,000 $90,000 $235,564
$358,407
$358,407
CURRENT TAXES
$7,266,912 $7,412,250
DELINQUENT TAXES PENALTIES & INTEREST INTEREST REVENUES
$55,000 $40,000 $10,000 $235,564
$55,000 $40,000 $10,000 $235,564
TRANSFERS FROM OTHER FUNDS
BOND PROCEEDS
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
CONTRIBUTIONS/MISC. REVENUES
TOTAL REVENUES
$8,047,517 $12,079,121
$7,687,955
$7,727,955
$7,965,883 $8,111,221 $12,096,964 $12,578,050
TOTAL AVAILABLE RESOURCES
$12,275,589 $12,315,589
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
$7,465,187 $7,491,487
$8,158,208 $8,184,508
$8,158,208 $8,184,508
$7,603,835 $7,597,889 $7,630,135 $7,624,189
TOTAL EXPENDITURES
FUND BALANCE-ENDING
$4,587,634
$4,091,081
$4,131,081
$4,466,829 $4,953,861
923,608
1,009,049 3,082,032
1,009,049 3,122,032
940,702
939,969
Reserve Requirement -45 days
3,664,026
3,526,127
4,013,892
Amount over/(under) Reserve Requirement
298
243
246
285
316
# days covered
0.1714
0.151394
0.151394
0.151394
0.151394
I & S Tax Rate
305
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