Debt Service – City Projects
Explore this fund’s reported income, spending, and balances. The summary shows audited FY2025 figures; each section identifies its own years.
Fund balance is the reported amount remaining, not necessarily cash available to spend.
Financial historyAudited 2021-2022 through 2024-2025 revenue, financing, and balances.
Debt Service – City Projects first appears separately in FY2021–22 with no brought-forward balance. Earlier years are not represented as zero spending. This repayment fund is distinct from the General Obligation Bond construction fund.
These are governmental fund statements, not cash-flow statements. Fund balance includes more than cash on hand. A dash means no separate amount reported; it is not a fabricated historical value.
| Measure | Actual2021-2022 | Actual2022-2023 | Actual2023-2024 | Actual2024-2025 |
|---|---|---|---|---|
| Beginning fund balance | — | 18,771 | 44,923 | 79,226 |
| Revenue | 406 | 7,967 | 14,517 | 17,511 |
| Expenditures | 381,635 | 381,815 | 380,214 | 383,465 |
| Transfers received | 400,000 | 400,000 | 400,000 | 400,000 |
| Ending fund balance | 18,771 | 44,923 | 79,226 | 113,272 |
Beginning balance + revenue − expenditures + transfers received − transfers sent + net transfers + debt issued + other financing = ending balance. Unreported activity contributes no separately reported amount to this schedule check. Matching arithmetic does not resolve conflicting schedules.
Year-specific source notes
- 2021-2022: Debt Service – City Projects. PDF page 137
- 2022-2023: Debt Service – City Projects. PDF page 136
- 2023-2024: Debt Service – City Projects. PDF page 147
- 2024-2025: Debt Service – City Projects. The matching audited schedule is Debt Service – City Projects, not the separately reported General Obligation Bond capital-project fund. Interest income is $17,511; incoming transfers are $400,000. PDF page 146
Transfers and borrowing are separate from revenue. Do not add these fund totals to department spending or count internal transfers twice.
Revenue detailCompare income across fiscal years, with the latest year's detailed sources below.
Audited revenue, not cash receipts. Transfers and borrowing are separate. A dash means the category is not separately reported here.
| Revenue source | ActualFY2022 | ActualFY2023 | ActualFY2024 | ActualFY2025 |
|---|---|---|---|---|
| Miscellaneous | 406 | — | — | — |
| Investment and interest income | — | 7,967 | 14,517 | 17,511 |
| Total revenue | 406 | 7,967 | 14,517 | 17,511 |
Source notes
- FY2022: Audited Debt Service - City Projects revenue; incoming transfers are excluded. This repayment fund is distinct from the General Obligation Bond construction fund.
- FY2023: Audited Debt Service - City Projects revenue; incoming transfers are excluded.
- FY2024: Audited Debt Service - City Projects revenue; incoming transfers are excluded.
- FY2025: Audited Debt Service - City Projects revenue; incoming transfers are excluded.
FY2025 revenue detail
Actual revenue on the audit’s accounting basis. Transfers and borrowing are separate from these totals.
Revenues: $17,511
| Revenue source | ActualFY2025 |
|---|---|
| Investment and interest income | 17,511 |
Total revenue: $17,511
Spending detailCompare spending categories across the available years.
| Expenditure | Actual2022-2023 | Actual2023-2024 | Actual2024-2025 |
|---|---|---|---|
| Debt Service | |||
| Bank Service Charges | 1,000 | 1,000 | 1,000 |
| Interest Expense | 160,815 | 154,215 | 147,465 |
| Retirement of Bonds | 220,000 | 225,000 | 235,000 |
| Total GO Bond Fund Expenditures | 381,815 | 380,215 | 383,465 |
Latest budget — FY 2026-2027Compare the proposed budget with the amount Council approved.
Approved amounts authorize spending; they are not actual expenditure. These are the stages printed in the budget book, which may not include later amendments.
| Budget | Budgeted / amendedFY 2025-2026 | Manager proposedFY 2026-2027 | Council approvedFY 2026-2027 |
|---|---|---|---|
| Department total | 381,500 | 380,000 | 380,000 |
Budget line items
| Expenditure | Budgeted / amendedFY 2025-2026 | Manager proposedFY 2026-2027 | Council approvedFY 2026-2027 |
|---|---|---|---|
| Bank Service Charges | 1,000 | 1,000 | 1,000 |
| Interest Expense | 140,500 | 134,000 | 134,000 |
| Retirement of Bonds | 240,000 | 245,000 | 245,000 |
A dash means no numeric amount is shown in that source cell. No proposal is substituted for a missing approved amount.
Follow the transfers — FY2025Sending and receiving funds, with confirmed routes separated from inferred matches.
These are actual transfers. Some detail comes from the actual column of a later budget book. Transfers do not create new citywide revenue.
General Fund → Debt Service – City Projects: $400,000 · Documented route
Evidence for this route
Explicit FY2024-25 actual: the General Obligation Bond, Series 2021 Fund reports a $400,000 transfer in from the General Fund.
Sources and downloadsOriginal reports, available coverage, and notes about the figures.
FY2025 audited statement · PDF page 145 · Download audited fund figures
General Obligation Bond, Series 2021 debt-service expenditures only. Revenues, incoming transfers, and fund balance are excluded.
Actual detail is available for 2022-2023 through 2024-2025. Older books present a combined Debt Service Fund summary and do not support a source-backed split between the later USDA and General Obligation schedules.
Download original spending history
- FY 2022-2023: PDF page 104
- FY 2023-2024: PDF page 104
- FY 2024-2025: PDF page 107
Spending source notes
- All retained columns are explicitly labeled ACTUAL in the original annual budgets. Numeric zero and printed dash are preserved distinctly; subtotal rows are excluded to avoid double counting.
- FY2025-26 supplies ACTUAL 2022-2023 and ACTUAL 2023-2024; FY2026-27 supplies ACTUAL 2024-2025. Every source PDF was hash-verified and every cited expenditure page was rendered for visual review.
- General Obligation Bond, Series 2021 debt-service expenditures only. Revenues, incoming transfers, and fund balance are excluded.
- Actual detail is available for 2022-2023 through 2024-2025. Older books present a combined Debt Service Fund summary and do not support a source-backed split between the later USDA and General Obligation schedules.
Interest Expense: reported versions differ
The selected history retains $154,215. The FY2023-24 Actual interest amount changes by 1 between consecutive annual-budget sources. The printed Debt Service total changes from 380215 to 380214. Neither source states why.
- 154,215 — Actual. Source page 104
- 154,214 — Actual. Source page 109