2022 Annual Comprehensive Financial Report

Schedule 31

Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2022

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Interest Earnings: Investment Income

$

508,644

$

448,869

$

(59,775)

Net Increase (Decrease) in the Fair Value of Investments

(4,905,853) (4,456,984)

(4,905,853) (4,965,628)

Total Investment Income

508,644

Miscellaneous: Sales and Use Tax Refund

150,000

273,551

123,551

Appropriated Fund Balance

7,946,091

(7,946,091)

Total Revenues

8,604,735

(4,183,433)

(12,788,168)

Expenditures: Operating Expenditures: Personal Services

166,777 60,243 134,250 361,270

168,570 46,581 87,901 303,052

(1,793) 13,662 46,349 58,218

Fringe Benefits

Maintenance and Operations Total Operating Expenditures

Debt Service: Principal Maturities

24,630,000 11,309,595

24,630,000 11,309,594

Interest

1

Fees and Other

12,817

(12,817) (12,816)

Total Debt Service Expenditures

35,939,595

35,952,411

Total Expenditures

36,300,865

36,255,463

45,402

Excess of Revenues Under Expenditures

(27,696,130)

(40,438,896)

(12,742,766)

Other Financing Sources: Transfers In

27,696,130

27,696,130

Excess of Revenues and Other Financing Sources Under Expenditures and Other Financing (Uses)

$

(12,742,766)

(12,742,766)

14,249,691

14,249,691

Fund Balance - July 1

Fund Balance - June 30

$

1,506,925

$

1,506,925

- 95