FY 26 Proposed Operating Budget Book

DEBT SERVICE ALL FUND SUMMARY

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.

DEPARTMENT SUMMARY BY CHARACTER

Debt Service ALL FUNDS by Character

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Proposed Budget

CONTRACTUAL SERVICES

$12,028

$53,166

$112,000

$112,000

DEBT SERVICE

$83,595,430

$113,698,282

$86,671,762

$89,303,867

MISCELLANEOUS

$0

$0

$2,282,000

$282,118

TOTAL

$83,607,458

$113,751,448

$89,065,762

$89,697,985

581