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General Debt Service Fund

The General Debt Service Fund provides for the payment of principal, interest, and other expenses related to

existing debt, other than water and wastewater debt and other enterprise activities. State statutes require full

funding for debt service obligations in the budget. The majority of general governmental debt has been issued as

fixed rate debt.

Budget Detail

ACTUALS

ACTUALS

ADOPTED

ADOPTED

CHANGE

2013-14

2014-15

2015-16

2016-17

FY16 to FY17

DEBT SERVICE BY PURPOSE

G.O. Public Improvement

34,491,430

37,048,500

44,429,927

35,580,268

(19.9%)

Installment Financing Agreements

12,428,461

20,320,100

30,621,795

28,514,633

(6.9%)

Other Installment Obligations

58,147

78,700

50,000

50,000

0.0%

Other Expenses

874,160

1,385,000

1,385,000

1,440,475

4.0%

Biannual Budget Reserve

0

0

0

7,402,948

TOTAL

$47,852,198

$58,832,300

$76,486,722

$72,988,324

(4.6%)

PRINICIPAL

INTEREST

TOTAL

FY2016-17 General Fund Debt Service Requirements (Issued

Debt)

$41,547,539

$22,597,362

$64,144,901

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