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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 12/17/2024 11/30/2025 12/16/2025
<br />ACCT. 2022 2023 2024 2025 2025 2026 %
<br /># ACCOUNT DESCRIPTION ACTUAL ACTUAL ACTUAL ADOPTED ACTUAL ADOPTED CHANGE
<br />PROPERTY TAXES
<br />31001 CURRENT TAXES
<br />$83,448
<br />$81,268
<br />$78,579
<br />$83.736
<br />$42,188
<br />$83,370
<br />-0.44%
<br />31002 DELINQUENT TAXES
<br />49
<br />703
<br />115
<br />0
<br />553
<br />0
<br />0.00%
<br />31003 FISCAL DISPARITY TAX
<br />2,069
<br />2,111
<br />2,291
<br />0
<br />1,492
<br />2,408
<br />0.00%
<br />31004 PENALTIES & INTEREST
<br />960
<br />0
<br />(47)
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL PROPERTY TAXES
<br />$86,526
<br />$84.082
<br />$80,938
<br />$83,736
<br />$44,233
<br />$85.778
<br />2.44%
<br />SPECIAL ASSESSMENTS
<br />36101 SPECIAL ASSESSMENTS
<br />60,203
<br />58,576
<br />56,949
<br />47,000
<br />27,661
<br />43,000
<br />-8.51%
<br />36102 DELINQUENT SPECIAL ASSESSMENTS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />36103 PENALTIES & INTEREST
<br />11
<br />0
<br />208
<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 & FORFEITS
<br />$60,214
<br />$58,576
<br />$57,157
<br />$47,000
<br />$27,661
<br />$43,000
<br />-8.51%
<br />MISCELLANEOUS
<br />36210 INTEREST EARNINGS
<br />(4,464)
<br />6,460
<br />6,111
<br />2,300
<br />2,694
<br />4,998
<br />117.30%
<br />39000 MISCELLANEOUS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />39200 BOND PROCEEDS
<br />0
<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 />($4,464)
<br />$6,460
<br />$6,111
<br />$2,300
<br />$2,694
<br />$4,998
<br />117.30%
<br />TOTAL REVENUES
<br />$142,276
<br />$149,118
<br />$144,206
<br />$133,036
<br />$74,588
<br />$133.776
<br />0.56%
<br />EXPENDITURE BUDGET
<br />CAPITAL OUTLAY
<br />601
<br />BOND PRINCIPAL
<br />105,000
<br />105,000
<br />105,000
<br />105,000
<br />105,000
<br />110,000
<br />4.76%
<br />602
<br />BOND INTEREST
<br />31,659
<br />29,029
<br />26,301
<br />23,476
<br />23,476
<br />20,488
<br />-12.73%
<br />603
<br />FISCAL AGENT FEES
<br />1,900
<br />4.995
<br />850
<br />2,400
<br />4,500
<br />3,000
<br />25.00%
<br />701
<br />MISCELLANEOUS
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />720
<br />TRANSFERS OUT
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0.00%
<br />TOTAL CAPITAL OUTLAY
<br />$138,559
<br />$139,024
<br />$132,151
<br />$130,876
<br />$132,976
<br />$133,488
<br />2.00%
<br />TOTAL EXPENDITURES
<br />$138,559
<br />$139.024
<br />$132,151
<br />$130,876
<br />$132,976
<br />$133,488
<br />2.00%
<br />FUND BALANCE- JANUARY 1 $232,853 $232,853 $242,947 $255,002 $255,002 $196,614
<br />EXCESS REV ENUE OVER EXPENDITURES $3,717 $10,094 $12,055 $2,160 ($58,388) $288
<br />FUND BA LANICE -DECEMBER31 $236,570 $242,947 $255,002 $257,162 $196.614 $196,902-23.43%
<br />35
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