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Adopted FY 2017-18 Budget
Annual General Obligation Debt as a Percentage of General Fund Budget
BUDGET HIGHLIGHTS
The FY 17-18 Budget is increasing by $4.1 million, or 17.4%.
PROGRAMS
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Appropriation
16,788,842
23,402,874
27,482,750
31,878,899
Full Time Equivalent Positions
1.55
1.55
1.55
1.55
BUDGET SUMMARY
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Expenditures:
General Obligation Bond Retirement
16,788,842
23,402,874
27,482,750
31,878,899
Hotel/Motel Debt Retirement
0
0
0
0
Installment Financing Agreements
0
0
0
0
Total
16,788,842
23,402,874
27,482,750
31,878,899
Total FTE Positions
1.550
1.550
1.550
1.550
Revenues:
Transfer
18,272,570
21,238,110
25,920,000
26,361,000
All Other
1,547,405
1,432,750
1,562,750
1,765,405
Fund Balance
4,000
732,014
0
3,752,494
Total
19,823,975
23,402,874
27,482,750
31,878,899
DEBT SERVICE FUND
The Debt Service Fund is an accounting entity established to record the retirement of the City’s general obligation bonded
indebtedness. Expenditures in this fund include principal and interest payments on the City’s debt as well as administrative costs
associated with selling bonds.
6.44%
8.49%
9.60%
10.89%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
FY 15-16
Actual
FY 16-17
Budget
FY 17-18
Budget
FY 18-19
Budget