City of Tonganoxie 2020 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.
2018
2019
2020
Actual
Adopted Adopted
Expenditures by Debt Type Bond Issue
1,198,285 $
1,315,512 $
1,475,565 $
Loans
-
-
-
Inter-Local
100,000 149,734
100,000 224,955
500,000 140,391
Lease-Purchase
Total
1,448,019 $
1,640,467 $
2,115,956 $
Expenditures by Fund Water Operations
$
151,335 288,024 362,082
$
152,049 289,382 321,773 75,000 802,263
$
151,150 287,671 816,877 34,693 825,565
Sewer Operations Capital Projects Fire Capital Reserve Debt Bond & Interest
-
646,578
Total
1,448,019 $
1,640,467 $
2,115,956 $
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 12/31/2018 Est 2018/2019 Total Equalized Assessed Tangible Valuation
48,272,950 $
Debt Limit Ratio
30%
Debt Limit
14,481,885 $ 7,858,150
Outstanding Debt Subject to Debt Limit
Est Debt Authority Remaining as of December 31, 2018 Change from Est Debt Authority Remaining as of November 21, 2017
6,623,735 $ 1,808,109 $
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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