FINAL ADOPTED BUDGET 2020-2021

DEBT SERVICE FUND Bond Retirement General Obligations: The Debt Service Fund is an accounting entity established to record the retirement of the City's general obligation bonded indebtedness. Expenditures in this fund include principal and interest payments on the City's debt as well as administrative costs associated with selling bonds.

Actual 2018-19

Budget 2019-20

Adopted 2020-21

Projected

2021-22

Expenditures by Program Bond Retirement General Obligations

37,197,195

23,176,851

34,936,794

36,559,270

Total

37,197,195

23,176,851

34,936,794

36,559,270

Actual 2018-19

Budget 2019-20

Adopted 2020-21

Projected 2021-22

Full-time Equivalents by Program Bond Retirement General Obligations

2.05

2.05

2.05

2.05

Total

2.05

2.05

2.05

2.05

Actual 2018-19

Budget 2019-20

Adopted 2020-21

Projected 2021-22

Expenditures by Type Personnel Costs Maintenance & Operations

219,825 36,977,370 37,197,195 3,599,762 24,790,423 8,807,010 37,197,195

135,783 23,041,068 23,176,851 5,992,631 23,405,610 49,045 29,447,286

205,901 34,730,893 34,936,794 5,048,106 26,644,740 3,243,948 34,936,794

226,474 36,332,796 36,559,270 2,817,763 27,398,763 6,342,744 36,559,270

Total

Revenues by Type Other Revenues Interfund Transfers Appropriated Fund Balance

Total

Budget Highlights: The FY 20-21 Adopted Budget is increasing by 2,260,401, or 6.5%.  The City launched the 2016 Bond Tracker tool available on the City’s website. This tool provides regular updates on the progression of projects adopted as part of the 2016 Bond Referendum projects.

Adopted 2020-21 Budget

151