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Debt Service Fund Budeet Summary
<br /> The City currently has five outstanding General Obligation Bond issues:
<br /> Balance at
<br /> Description of Bond Issue Maturity Date 12/31/2014
<br /> $3,715,000 G.O. Improvement Bonds of 2009A 8/1/2025 $3,190,000
<br /> $2,430,000 G.O. Improvement Bonds of 2009B 9/1/2018 $1,770,000
<br /> $2,760,000 G.O. Improvement Bonds of 2011A 7/1/2019 $1,855,000
<br /> $ 515,000 G.O. Police Building Bonds of 2012A 2/1/2021 $ 395,000
<br /> $1,465,000 G.O. Improvement Bonds of 2013A 2/1/2029 $1,485,000
<br /> Total Estimated Debt at 12/31/2014 8.695.000
<br /> Estimated Revenues and Expenditures for 2015 are as follows:
<br /> Revenues Tax Levy Assessments Other Total
<br /> Fund 351/2009A Streets 230,000 150,000 7,000 387,000
<br /> Fund 348/2009B Hunters 3rd - - 132,000 132,000
<br /> Fund 349/2011A Improvement 273,000 125,000 1,000 399,000
<br /> Fund 309/ 2012A Police 70,000 - 500 70,500
<br /> Fund 352/ 2013A Streets 18,200 50,000 800 69,000
<br /> Total Revenues Debt Service 591,200 325,000 141,300 1,057,500
<br /> Expenditures Principal Interest Fees Total
<br /> Fund 351/ 2009A Streets 265,000 148,324 495 413,819
<br /> Fund 348/ 2009B Hunters 3rd 185,000 49,400 495 234,895
<br /> Fund 349/2011A Improvement 365,000 36,602 425 402,027
<br /> Fund 309/2012A Police 60,000 5,958 - 65,958
<br /> Fund 352/2013A Streets - 37,018 425 37,443
<br /> Total Expenditures Debt Service 875.000 277.302 1.840 1.154.142
<br /> Total Revenues Over/(Under) Expenditures 96 642
<br /> Debt Principal Remainine *Projected
<br /> 15,000,000 13,691,542
<br /> 10,809,439 ...+ 1`.. _,.'...t!+.'; ,, '•..It'.. 7
<br /> • 9,325,5838,779,979 9,550,000 x,695,000 7,815,000
<br /> 10,000,000 �`". 'F 6,920,000
<br /> 5,000,000 ar• '.'" .' w r
<br /> 2009 2010 2011 2012 2013 *2014 *2015 *2016
<br /> 5
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