Page 177 - Approved Annual Budget FY 2019-2020_Flat
P. 177
City of McAllen, Texas
General Obligation Bond
Debt Service Fund
Summary
Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
RESOURCES
BEGINNING FUND BALANCE $ 2,370,907 $ 1,635,419 $ 2,589,213 $ 2,439,513
Sources:
Ad Valorem Tax 3,429,168 3,505,431 3,505,431 5,153,570
Contributions 871,627 871,627 871,627 871,627
Interest Earned 59,601 - - -
Total Revenues 4,360,396 4,377,058 4,377,058 6,025,197
Other Financing Sources:
General Fund 3,287,200 3,288,825 3,288,825 3,292,600
Total Revenue & Other Sources 7,647,596 7,665,883 7,665,883 9,317,797
TOTAL RESOURCES $ 10,018,503 $ 9,301,302 $ 10,255,096 $ 11,757,310
APPROPRIATIONS
Operating Expenses:
Principal & Interest:
General Obligation Bonds 2014 $ 3,146,400 $ 3,146,775 $ 3,146,775 $ 3,142,775
General Obligation Refunding Bonds 2015 3,287,200 3,288,825 3,288,825 3,292,600
Certificate of Obligation Series 2016 871,627 871,627 871,627 871,627
Certificate of Obligation Series 2018 119,879 355,431 355,431 354,906
General Obligation - 2018 - - 149,700 249,288
General Obligation - 2019 - - - 1,402,571
Fees 3,169 3,225 3,225 4,030
Total Expenses 7,428,275 7,665,883 7,815,583 9,317,797
TOTAL APPROPRIATIONS 7,428,275 7,665,883 7,815,583 9,317,797
Other Items Affecting Working Capital (1,015)
ENDING FUND
BALANCE-UNRESERVED $ 2,589,213 $ 1,635,419 $ 2,439,513 $ 2,439,513
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