Fiscal Year 2025- 2026 Recommended Budget

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.

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Budget Highlights: The FY 25-26 Recommended Budget is increasing by $470,002, or 1.0%. The Debt Service Fund expenses will increase by $6 million due to anticipated debt service costs related to the 2016 and 2022 Bonds.

Recommended FY 25-26 Budget

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