FY 23 Approved Budget Book

DEBT SERVICE

ORIGIN/PURPOSE : Debt management is an important component of the County's financial management practices. The County will issue General Obligation bonds to finance the capital portion of tax supported general public purpose governmental activities with libraries, schools, public safety buildings, and water & sewer projects being the most common uses of bond proceeds. The Debt Service account includes the amounts necessary to pay the principal and the interest on outstanding indebtedness, to include the sale of bonds, short-term financing, and lease finance. In addition, all costs associated with bond sales, issues, and controls are also appropriated here. ALL FUND SUMMARY:

ORIGINAL BUDGET FY 22

EXECUTIVE PROPOSED FY 23

AUDITED FY 20

AUDITED FY 21

ENACTED FY 23

SUMMARY BY CHARACTER:

20 CONTRACTUAL SERVICES

87,971

23,298

142,000

112,000

112,000

60 DEBT SERVICE 70 MISCELLANEOUS

153,629,299

86,303,081

78,351,398 8,522,000

83,091,364 8,029,190

83,091,364 8,029,190

0

0

GRAND TOTAL

153,717,270

86,326,379

87,015,398

91,232,554

91,232,554

SUMMARY BY FUND:

11 GENERAL 25 HIGHWAYS

134,500,601

53,479,846 1,794,091 2,301,496

59,050,000 2,250,574 2,031,000 1,468,097

61,616,852 2,652,894 3,800,000 1,567,808

61,616,852 2,652,894 3,800,000 1,567,808

1,195,116 2,714,863

27 AG PRESERVATION - COUNTY 29 WATERSHED MANAGEMENT 31 TAX INCREMENT FINANCING 53 WATER & SEWER DEBT SERVICE

716,377

942,290

1,129,246 13,461,066

15,406,708 12,401,949

751,727

870,000

870,000

21,464,000

20,725,000

20,725,000

GRAND TOTAL

153,717,270

86,326,380

87,015,398

91,232,554

91,232,554

759