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3-DSF Budget Summary
City of Otsego Debt Service Fund Budget ‐ 2022 Revenue & Expenditure Summary Actual Actual Year‐to‐Date Budget Budget 2019 2020 2021 2021 2022 Revenues Taxes 734,293$ 746,758$ ‐$ 749,551$ 547,187$ Special Assessments 442,600 363,481 5,462 289,391 240,960 Investment Interest (net) 185 ‐ ‐ ‐ ‐ Bond Proceeds ‐ 3,262,200 ‐ ‐ ‐ Subtotal 1,177,078 4,372,439 5,462 1,038,942 788,147 Expenditures Capital Outlay Principal 1,145,000 4,500,000 685,000 1,360,000 660,000 Interest 228,917 222,250 65,559 153,062 144,431 Fiscal Agent Fee's 2,873 65,484 ‐ 2,500 1,500 Subtotal 1,376,790 4,787,734 750,559 1,515,562 805,931 Excess (Deficiency) of Revenues Over (Under) Expenditures (199,712)$ (415,295)$ (745,097)$ (476,620)$ (17,784)$ Description ‐ 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 2019 2020 2021 2021 2022 Actual Actual Year‐to‐Date Budget Budget Principal Interest Revenues Item 3.3