City of Tonganoxie 2021 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.
2019 Actual
2020
2021
Adopted
Adopted
Expenditures by Debt Type Bond Issue
1,449,744 $
1,476,143 $
1,378,958 $
Loans
-
-
- -
Inter-Local
100,000 184,646
500,000 139,813
Lease-Purchase
125,581
Total
1,734,390 $
2,115,956 $
1,504,539 $
Expenditures by Fund Water Operations Sewer Operations
$
152,048 289,382 456,005 34,692 802,263
$
151,150 287,671 816,877 34,693 825,565
$
196,720 374,401 80,258 34,693 818,467
Capital Projects Fire Capital Reserve Debt Bond & Interest
Total
1,734,390 $
2,115,956 $
1,504,539 $
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 12/31/2020 Est 2020/2021 Total Equalized Assessed Tangible Valuation
56,187,563 $
Debt Limit Ratio
30%
Debt Limit
16,856,269 $ (6,274,946)
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
10,581,323 $ 5,765,697 $
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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