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Utility Debt Service Fund

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

associated with the water and wastewater systems. Revenues for this fund are generated from the provision of

water and sewer services.

Budget Detail

ACTUALS

ACTUALS

ADOPTED

ADOPTED

CHANGE

2013-14

2014-15

2015-16

2016-17

FY16 to FY17

DEBT SERVICE BY PURPOSE

G.O. Water & Sewer Improvement

1,178,560

1,133,036

1,039,410

105,000

(89.9%)

Rev Bond Water & Sewer Improvement

44,102,719

49,573,344

50,803,658

53,240,315

4.8%

Other Installment Finance Agreements

4,719,368

3,963,875

4,169,047

3,771,750

(9.5%)

Other Expenses

1,504,388

900,381

1,067,000

2,305,000

116.0%

Biannual Budget Reserve

0

0

1,100,000

77,935

(92.9%)

TOTAL

$51,505,035

$55,570,636

$58,179,115

$59,500,000

2.3%

PRINICIPAL

INTEREST

TOTAL

FY2016-17 Utility Debt Service Requirements (Issued Debt)

$24,960,000

$32,157,065

$57,117,065

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