FY 26 Approved Operating Budget

DEBT SERVICE

ALL FUND SUMMARY

ORIGIN & PURPOSE : Debt management is an important component of the County ' s fi nancial management practices . The County will issue General Obligation bonds to fi nance 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 fi nancing , and lease fi nance . In addition , all costs associated with bond sales , issues , and controls are also appropriated here .

DEPARTMENT SUMMARY BY CHARACTER

Debt Service ALL FUNDS by Character

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

$12,028

$53,166

$112,000

$112,000

CONTRACTUAL SERVICES

$83,595,430

$113,698,282

$86,671,762

$89,303,867

DEBT SERVICE

$0

$0

$2,282,000

$282,118

MISCELLANEOUS

$83,607,458

$113,751,448

$89,065,762

$89,697,985

TOTAL

665