Laserfiche WebLink
FUND <br />Debt Retirement <br />ANNUAL BUDGET <br />DEPARTMENT <br />Debt Retirement <br />EXPENDITURE <br />1986 1987 1988 <br />OBJ-DESCRIPTION ACTUAL BUDGET RECMD <br />PERSONAL SERVICES <br />SUPPLIES <br />MISC. SERVS. & CHGS. 2,038,557 2,308,884 2,934,799 <br />CAPITAL OUTLAY <br />TOTAL 2,038,557 2,308,884 2,934,799 <br />ACCT. NO. <br />50-00 <br />1988 <br />ADOPTED <br />Program: Debt Retirement <br />Objective: <br />The Debt Retirement Fund provides for the payment of principle <br />and interest on all bonds issued by the City. The principal <br />sources of funding are special assessments, the advalorem <br />property tax, and revenue from public enterprised activities. <br />Expenditure Comments: <br />A. The 1988 Debt Service requirement is up $625,915, or 27.1 <br />percent, due to two items: <br />1. Increased debt service on the State Highway Bonds being <br />used to help finance the B-2 bridge. <br />2. A scheduled Special Assessment Bond issue for 1988. <br />� � <br />6� 6 <br />