UTILITY DEBT SERVICE The primary source of revenue for the Utility Debt Service Fund is revenue from fees charged for water and sewer services. Other funding for the utility debt payments includes water and sewer impact fees.
UTILITY DEBT SERVICE FUND STATEMENT History
Projected
Budget
2020 Actual 2021 Budget 2021 Revised 2022 Budget % Change
Beginning Fund Balance Transfers In Utility Fund Water Impact Fund Sewer Impact Fund General Debt Service
Total Revenue Expenditures Fees Paid to Agencies for Bonds Bonds Retired Bond Interest
Ending Fund Balance
-
-
-
-64.04% 0.78% -2.25% -
514,675
121,658 157,313 19,804 298,775
514,675
514,675
298,775
-41.95%
405,000 109,675 514,675
405,000 109,675 514,675
270,000 28,775 298,775
-33.33% -73.76% -41.95%
544,630 154,250 20,095
338,316 156,100 20,259 -
338,316 156,100 20,259 -
718,975
514,675
718,975
590,000 128,975 718,975
-
-
-
-
-
-41.95%
-
The Utility Debt Service Fund maintains a zero fund balance. The exact amounts necessary to cover debt payments are transferred in at the beginning of each Fiscal Year.
Series 2014
Utility Debt Service GO Refunding (2005A)
Prinicipal 130,000.00
Interest 11,462.50
Annual Payment 141,462.50
Series 2014A
GO Refunding (2005B)
140,000.00 270,000.00
17,312.50 28,775.00
157,312.50 298,775.00
Fiscal Year 2022 Proposed Budget
117
