City of Tonganoxie 2022 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.
2020 Actual
2021
2022
Adopted
Adopted
Expenditures by Debt Type Bond Issue
1,485,565 $
1,378,958 $
2,349,333 $
Loans
- -
- -
- -
Inter-Local
Lease-Purchase
651,120
125,579
125,819
2,136,685 $
1,504,537 $
2,475,152 $
Total
Expenditures by Fund Water Operations Sewer Operations
$
151,149 287,671 837,896 34,692 825,277
$
196,719 374,401 80,258 34,692 818,467
$
194,828 370,802 22,613 34,692 1,852,217
Capital Projects Fire Capital Reserve Debt Bond & Interest
Total
2,136,685 $
1,504,537 $
2,475,152 $
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 12/31/2021 Est 2021/2022 Total Equalized Assessed Tangible Valuation
56,187,563 $
Debt Limit Ratio
30%
Debt Limit
16,856,269 $ (6,665,440)
Outstanding Debt Subject to Debt Limit
Est Debt Authority Remaining as of December 31, 2021
10,190,829 $
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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