FY 24 APPROVED OPERATING BUDGET

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 23

EXECUTIVE PROPOSED FY 24

ENACTED FY 24

AUDITED FY 21

AUDITED FY 22

SUMMARY BY CHARACTER:

112,000

20 CONTRACTUAL SERVICES

23,298

45,654

112,000

112,000

85,878,616

60 DEBT SERVICE 70 MISCELLANEOUS

86,303,081

96,858,162

83,091,364 8,029,190

85,878,616

( 596,362

0

0

596,362

86,586,978

GRAND TOTAL

86,326,379

96,903,816

91,232,554

86,586,978

SUMMARY BY FUND:

65,208,790 2,876,439 3,100,000 1,951,749

11 GENERAL 25 HIGHWAYS

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

78,426,403 2,165,561 1,976,984 1,365,642

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

65,208,790 2,876,439 3,100,000 1,951,749

27 AG PRESERVATION - COUNTY 29 WATERSHED MANAGEMENT 31 TAX INCREMENT FINANCING

942,290

865,000

15,406,708

738,822

870,000

865,000

12,585,000

53 WATER & SEWER DEBT SERVICE 12,401,949

12,230,404

20,725,000

12,585,000

86,586,978

GRAND TOTAL

86,326,379

96,903,816

91,232,554

86,586,978

728