General Obligation Bond Construction
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 historyCompare reported revenue, spending, transfers, and balances across years.
Available audited history: 2021-2022 through 2024-2025. A year before first separate reporting is not represented as zero. Changes in source presentation are explained below.
| Measure | Actual2021-2022 | Actual2022-2023 | Actual2023-2024 | Actual2024-2025 |
|---|---|---|---|---|
| Beginning balance (as presented) | 0 | 7,271,759 | 0 | 1,447,234 |
| Beginning-balance correction | 0 | 0 | 4,374,542 | 0 |
| Revenue, including reported nonoperating revenue | 14,762 | 238,037 | 159,987 | 61,710 |
| Expenditures | 255,979 | 3,135,254 | 3,087,295 | 435,553 |
| Debt issued | 7,656,329 | 0 | 0 | 0 |
| Other financing sources / (uses) | (143,353) | 0 | 0 | 0 |
| Reported change | 7,271,759 | (2,897,217) | (2,927,308) | (373,843) |
| Ending fund balance | 7,271,759 | 4,374,542 | 1,447,234 | 1,073,391 |
Revenue and expense fields use the source’s accounting basis. Investment income and capital contributions are not assumed to be service receipts; transfers are not counted as revenue. Zero in these aggregate schedules means no reported activity in that category, not proof that a missing detailed account is zero.
History sources and reporting changes
- 2021-2022: Audit title is General Obligation Bond. Other financing is bond issuance cost; this is the construction/capital-project fund, not debt service. PDF page 137
- 2022-2023: Audit title is General Obligation Bond; this is the construction/capital-project fund, not debt service. PDF page 136
- 2023-2024: Audit title is General Obligation Bond. The fund moved from nonmajor to major presentation; restatement records the 4,374,542 opening balance reclassification. This is the construction/capital-project fund, not debt service. PDF page 36
- 2024-2025: Source schedule retained. PDF page 33
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 | ActualFY2024Comparison note | ActualFY2025 |
|---|---|---|---|---|
| Investment and interest income | 14,762 | 238,037 | 159,987 | 61,710 |
| Total revenue | 14,762 | 238,037 | 159,987 | 61,710 |
FY2024 comparison: The construction fund moves to major-fund presentation. It remains separate from debt service. Source
Source notes
- FY2022: Audited General Obligation Bond construction-fund revenue; debt issuance and bond issue cost are excluded.
- FY2023: Audited General Obligation Bond construction-fund revenue.
- FY2024: Audited General Obligation Bond construction-fund revenue after the fund moved to major-fund presentation.
- FY2025: Audited General Obligation Bond construction-fund revenue.
FY2025 revenue detail
Actual revenue on the audit’s accounting basis. Transfers and borrowing are separate from these totals.
Revenues: $61,710
| Revenue source | ActualFY2025 |
|---|---|
| Investment and interest income | 61,710 |
Total revenue: $61,710
Latest budget: a comparison has not yet been prepared for this fund.
Related project histories
Project records provide context; they do not allocate this page’s entire spending to a project.