GENERAL GOVERNMENT DEBT SERVICES Department Description and Financial Data County Debt Service The County Debt Service budget includes principal, interest and administrative fees for all County long-term outstanding debt. FY 11 Revised EXPENDITURES BY DEPARTMENT County Debt Service
$
6,764,675
FY 11 Actual $
6,732,597
FY 12 Approved
FY 13 Base
$ 6,147,963
$ 6,147,963
FY 13 Addenda
+ $
=
(103,659)
Change App 12/ App 13
FY 13 Approved $
6,044,304
$
(103,659)
School Debt Service The School Debt Service budget includes principal, interest and administrative fees for all School long-term outstanding debt. FY 11 Revised EXPENDITURES BY DEPARTMENT School Debt Service
$ 12,624,778
FY 11 Actual $
12,617,273
FY 12 Approved
FY 13 Base
$ 11,952,727
$ 11,952,727
FY 13 Addenda
+
=
$ 6,620,649
Change App 12/ App 13
FY 13 Approved $ 18,573,376
$
6,620,649
Reserve Funds The Reserve Funds budget includes funds transferred from the Board designated Debt Service Reserve Fund and the Rainy Day Fund. These funds will be used to cover a portion of the debt service payments through 2015, allowing the County to “shave the peak” of the debt service costs and alleviating the impact of debt service costs on the real estate tax rate. FY 11 Revised EXPENDITURES BY DEPARTMENT Reserve Funds
$
352,692
FY 11 Actual $
FY 12 Approved -
$
FY 13 Base -
$
FY 13 Addenda
+ -
$
= -
Change App 12/ App 13
FY 13 Approved $
-
$
-