Operating Budget 2025-2026

GENERAL FUND DEBT SERVICE

FUNDING SUMMARY

Actual

Total

Council Adopted 2025/26

% Change

Expended 2023/24

Appropriation

From

2024/25

2024/25

Item Account Principal Payments Semi-Annual Interest

$

$

2,239,115 $

2,194,345 1,280,134

2,190,000 1,120,000

(0.2%) (12.5%) (28.1%) (4.4%)

1,225,618

Issuance/Fiscal Agent Costs

46,325

33,325

33,325

Total

$

3,520,804 $

3,498,058 $

3,343,325

General Fund Debt Service Total FY 2025/26 Expenditures: $3,343,325

Debt Service - Semi-Annual Interest Payments 33.5%

Debt Service - Principal Payments 65.5%

Issuance Costs/Fiscal Agent Services 1.0%

GENERAL FUND CONTINGENCY

FUNDING SUMMARY

Actual

Total

2025/26 Council Adopted

% Change

Expended 2023/24

Appropriation

From

2024/25

2024/25

Item Account Transfers

$ $

$

$

1,064,515

617,906

484,750 484,750

(21.5%) (21.5%)

Total

1,064,515 $

617,906 $

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