Final Adopted Budget FY23-24

DEBT SERVICE AREA SUMMARY

Actual 2021-22

Budget 2022-23

Adopted 2023-24

Projected

2024-25

Expenditures Capital Leasing Fund

3,224,038 46,924,908 41,350,000 91,498,946 44,554,038 46,944,908 3,224,038 46,924,908 50,148,946 41,350,000 44,554,038 46,944,908

2,635,136 36,255,465 26,391,689 65,282,290 28,814,951 36,467,339 4,142,915 31,514,869 35,657,784 26,391,689 28,814,951 33,234,522

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

3,224,038 47,807,760 42,225,000 93,256,798 45,429,038 47,827,760 3,224,038 47,807,760 51,031,798 42,225,000 45,429,038 47,827,760

Debt Service Fund

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 23-24 Adopted Budget is increasing by 4,743,251, or 11.2%.  The budgeted contribution to the Debt Service Fund will increase from $40.1 million to $41.4 million. This $1.3 million increase is necessary due to planned bond issuances from the 2022 referendum.  The Capital Leasing Fund includes $1.5 million transfer from the General Fund to support software and subscription increases and cybersecurity improvements.

Adopted 2023-24 Budget

155