City of Tonganoxie 2020 Budget Book

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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