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BUDGET COMMENTARY:
<br />This fund will receive its revenue from a property tax levy.
<br />Annual debt service payments are the only expenditures budgeted in this fund.
<br />The 2007 Capital Improvement Plan Bonds were advance refunded by the 2015 General Obligation
<br />Refunding Bonds for principal beginning in 2017.
<br />BUDGET:
<br />304 2015 REFUNDING BOND (FORMERLY 2007 CAPITAL IMPROVEMENT PLAN BONDS)
<br />REVENUE BUDGET
<br />12/19/2023
<br />12/11/2024
<br />12/17/2024
<br />ACCT.
<br />2021
<br />2022
<br />2023
<br />2024
<br />2024
<br />2025
<br />%
<br /># ACCOUNT DESCRIPTION
<br />ACTUAL
<br />ACTUAL
<br />ACTUAL
<br />ADOPTED
<br />ACTUAL
<br />ADOPTED
<br />CHANGE
<br />PROPERTY TAXES
<br />31001 CURRENT TAXES
<br />$78,598
<br />$75,984
<br />$74.767
<br />$76,269
<br />$38.601
<br />$79,711
<br />4.51%
<br />31002 DELINQUENTTAXES
<br />2
<br />45
<br />700
<br />0
<br />405
<br />0
<br />0.00%
<br />31003 FISCAL DISPARITIES TAXES
<br />2.223
<br />1.885
<br />1,941
<br />0
<br />1,144
<br />0
<br />0.00%
<br />31004 PENALTIES & INTEREST
<br />0
<br />960
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL FINES & FORFEITS
<br />$80,823
<br />$78,874
<br />$77,408
<br />$76.269
<br />$40,150
<br />$79,711
<br />4.51%
<br />MISCELLANEOUS
<br />36210 INTEREST EARNINGS
<br />(342)
<br />(2,900)
<br />3,848
<br />1,285
<br />1,281
<br />1.300
<br />1.17%
<br />39100 BOND PROCEEDS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />39200 TRANSFERS IN
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL MISCELLANEOUS
<br />($342)
<br />($2,900)
<br />$3,848
<br />$1,285
<br />$1.281
<br />$1,300
<br />1.17%
<br />TOTAL REVENUES
<br />$80,481
<br />$75.974
<br />$81,256
<br />$77,554
<br />$41,431
<br />$81,011
<br />4.46%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />600 BOND PRINCIPAL
<br />$60,000
<br />$65,000
<br />$65,000
<br />$65,000
<br />$65,000
<br />$65,000
<br />0.00%
<br />610 BOND INTEREST
<br />12,640
<br />11,359
<br />9,929
<br />8,401
<br />8,401
<br />6,776
<br />-19.34%
<br />620 FISCAL AGENT FEES
<br />850
<br />950
<br />2,495
<br />1.200
<br />425
<br />1.200
<br />0.00%
<br />720 TRANSFERS OUT
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL CAPITAL OUTLAY
<br />$73,490
<br />$77,309
<br />$77,424
<br />$74.601
<br />$73,826
<br />$72.976
<br />-2.18%
<br />TOTAL EXPENDITURES
<br />$73,490
<br />$77,309
<br />$77,424
<br />$74,601
<br />$73,826
<br />$72,976
<br />-2.18%
<br />FUNDBALANCE- JANUARY 1 $129,143 $136,134 $134,799 $138,631 ► $129,143 $96,748
<br />EXCESS REVENUE OVER EXPENDITURES $6,991 ($1,335) $3,832 $2,953 ($32,395) $8.035
<br />FUND BALANCE -DECEMBER31 $136,134 $134,799 $138,631 $141.584 $96,748 $104,783-25.99%
<br />37
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