FINAL ADOPTED BUDGET FY2021-22

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 2019-20

Budget 2020-21

Adopted 2021-22

Projected

2022-23

Expenditures by Program Bond Retirement General Obligations

36,297,815

33,110,076

37,197,195

37,411,701

Total

36,297,815

33,110,076

37,197,195

37,411,701

Actual 2019-20

Budget 2020-21

Adopted 2021-22

Projected 2022-23

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 2019-20

Budget 2020-21

Adopted 2021-22

Projected 2022-23

Expenditures by Type Personnel Costs Maintenance & Operations

227,020 36,070,795 36,297,815 658,644 27,696,130 7,943,041 36,297,815

200,204 32,909,872 33,110,076 3,833,433 26,644,740 3,250,548 33,728,721

219,825 36,977,370 37,197,195 3,799,762 24,790,423 8,607,010 37,197,195

234,956 37,176,745 37,411,701 666,337 32,558,600 4,186,764 37,411,701

Total

Revenues by Type Other Revenues Interfund Transfers Appropriated Fund Balance

Total

Budget Highlights: The FY 21-22 Adopted Budget is decreasing by 899,380, or 2.4%.  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 2021-22 Budget

153