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City issued improvement bonds with a principal of $660,000.00.
<br />BUDGET:
<br />DEBT SERVICE FUNDS SUMMARY
<br />REVENUE BUDGET
<br />12/19/2023
<br />12/19/2023
<br />ACCT,
<br />2020
<br />2021
<br />2022
<br />2023
<br />11/30/23
<br />2024
<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 />$78,223 '
<br />$87,409
<br />$83,448
<br />$82,324
<br />$42,930
<br />$81,554
<br />-0.94%'
<br />31002'DELINQUENT TAXES
<br />4,929
<br />2
<br />49
<br />0
<br />664
<br />0
<br />0.00%•
<br />31003FISCAL DISPARITY TAX
<br />1,764 '
<br />2,472
<br />2,069
<br />2,094
<br />1,467
<br />0
<br />-100.00%•
<br />31004' PENALTIES & INTEREST
<br />(36)!
<br />0
<br />960 `
<br />0
<br />0
<br />0
<br />0.00%.
<br />TOTAL PROPERTY TAXES
<br />$84,880
<br />$89,883
<br />$86,526
<br />$84,418
<br />$45,061
<br />$81,554
<br />-3.39%'
<br />SPECIAL ASSESSMENTS
<br />36101 `SPECIAL ASSESSMENTS
<br />63,458
<br />61,831
<br />60,203
<br />58,000
<br />29,800
<br />55,000
<br />-5.17%`
<br />s 36102I DELINQUENT SPECIAL ASSESSMENTS
<br />9,248
<br />221
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />36103 PENALTIES & INTEREST
<br />1,842 '
<br />0 r
<br />11 '
<br />0
<br />0
<br />0
<br />0.00%'
<br />36104 SPECIAL ASSESSMENTS - PREPAID/SNR `:
<br />0 `
<br />0
<br />0 !
<br />0 -
<br />0 '
<br />0
<br />0.00%,
<br />TOTAL FINES & FORFENS
<br />$74,548
<br />$62,052
<br />$60,214
<br />$58,000
<br />$29,800
<br />$55,000
<br />-5.17%'
<br />MISCELLANEOUS
<br />36210I INTEREST EARNINGS
<br />1,414 .
<br />0
<br />(4,464)
<br />750
<br />2,574 `
<br />2,230
<br />197,33%
<br />39000'; MISCELLANEOUS
<br />0
<br />0.
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />39200' BOND PROCEEDS
<br />379
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />39300 TRANSFERS IN
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%;
<br />TOTAL MISCELLANEOUS
<br />$1,793
<br />$0
<br />($4,464),
<br />$750 ,
<br />$2,574 i
<br />$2,230 !
<br />197.33%
<br />TOTAL REVENUES
<br />$161,221
<br />$151,935
<br />$142,276
<br />$143,168
<br />$77,435 `
<br />$138,784 ;
<br />-3.06%,
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />601 +BOND PRINCIPAL
<br />90,000
<br />95,000
<br />105,000
<br />105,000
<br />105,000
<br />105,000
<br />0.00%
<br />602 'ii BOND INTEREST
<br />36,165
<br />34,065
<br />31,659
<br />29,029
<br />29,029
<br />26,301
<br />-9.40%,
<br />603 ?FISCAL AGENT FEES
<br />7,400
<br />1,800:
<br />1,900
<br />3,200 :
<br />3,850 i
<br />2,400
<br />-25.00%
<br />701 MISCELLANEOUS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<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 />$133,565 '
<br />$130,865
<br />$138,559
<br />$137,229
<br />$137,879
<br />$133,701
<br />-2.57%`
<br />TOTAL EXPENDITURES
<br />$133,565
<br />$130,865
<br />$138,569 '
<br />$137,229
<br />$137,879
<br />$133,701
<br />-2,57%
<br />:FUND BALANCE -JANUARY 1
<br />$184,127 ;
<br />$211,783
<br />$232,853
<br />$236,570
<br />$211,783
<br />$151,339
<br />EXCESS REVENUE OVER EXPENDITURES
<br />$27,656
<br />$21,070
<br />$3,717
<br />$5,939
<br />($60,444).
<br />$5,083
<br />FUND BALANCE- DECEMBER 31
<br />$211,783
<br />$232,853 '
<br />$236,570
<br />$242,509
<br />$151,339 i
<br />$156,422
<br />-35.50%'
<br />35
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