Page 176 - Budget Book FY2020-2021
P. 176
City of McAllen, Texas
General Obligation Bond
Debt Service Fund
Summary
Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
RESOURCES
BEGINNING FUND BALANCE $ 2,589,213 $ 2,439,513 $ 2,840,353 $ 2,840,353
Sources:
Ad Valorem Tax 3,831,329 5,153,570 5,153,570 5,061,449
Contributions 871,627 871,627 871,627 871,627
Interest Earned 76,820 - - -
Total Revenues 4,779,776 6,025,197 6,025,197 5,933,076
Other Financing Sources:
General Fund 3,288,825 3,292,600 3,292,600 -
Total Revenue & Other Sources 8,068,601 9,317,797 9,317,797 5,933,076
TOTAL RESOURCES $ 10,657,814 $ 11,757,310 $ 12,158,150 $ 8,773,429
APPROPRIATIONS
Operating Expenses:
Principal & Interest:
General Obligation Bonds 2014 $ 3,146,775 $ 3,142,775 $ 3,142,775 $ 3,144,525
General Obligation Refunding Bonds 2015 3,288,825 3,292,600 3,292,600 -
Certificate of Obligation Series 2016 871,627 871,627 871,627 871,627
Certificate of Obligation Series 2018 355,431 354,906 354,906 352,781
General Obligation - 2018 149,700 249,288 249,288 249,413
General Obligation - 2019 - 1,402,571 1,402,571 1,310,700
Fees 3,987 4,030 4,030 4,030
Total Expenses 7,816,345 9,317,797 9,317,797 5,933,076
TOTAL APPROPRIATIONS 7,816,345 9,317,797 9,317,797 5,933,076
Other Items Affecting Working Capital (1,116) - - -
ENDING FUND
BALANCE-UNRESERVED $ 2,840,353 $ 2,439,513 $ 2,840,353 $ 2,840,353
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