FINAL ADOPTED BUDGET FY2022-23

DEBT SERVICE AREA SUMMARY

Actual 2020-21

Budget 2021-22

Adopted 2022-23

Projected

2023-24

Expenditures

4,184,755 41,201,763 40,104,000 85,490,518 43,288,861 42,201,657 4,184,755 41,201,763 45,386,518 40,104,000 43,288,861 42,201,657

Capital Leasing Fund Debt Service Fund

2,726,475 36,792,881 24,790,423 64,309,779 27,077,901 37,231,878 4,392,725 33,934,365 38,327,090 24,790,423 27,077,901 36,039,612

3,505,028 36,297,815 26,391,689 66,194,532 30,162,892 36,031,640 3,505,028 36,297,815 39,802,843 26,391,689 30,162,892 36,031,640

3,465,250 41,673,373 40,104,000 85,242,623 43,288,861 41,953,762 3,465,250 41,673,373 45,138,623 40,104,000 43,288,861 41,953,762

Debt Service Contribution

Subtotal

Less Transfers and Internal Charges Total Debt Service Expenditures

Revenues

Capital Leasing Fund Debt Service Fund

Subtotal

General Fund Contribution

Less Transfers and Internal Charges

Total Debt Service Revenues

Total FTE Positions

2.05

2.05

2.05

2.05

Budget Highlights: The FY 22-23 Adopted Budget is increasing by 6,170,017, or 17.1%.

 The budgeted contribution to the Debt Service Fund will increase from $27.7 million to $40.1 million. This $12.4 million increase is necessary due to planned issuance of the remaining $36 million from the 2016 Bonds and the $135 million in proposed 2022 Bonds in FY 22-23.  The Capital Leasing Fund includes $1.5 million transfer from the General Fund to support software and subscription increases and cybersecurity improvements.

Adopted 2022-23 Budget

150