FY2021 Adopted Budget

FY2021 Adopted Budget Fund Budgets

Debt Service-General Government

Debt Service-General Government Established during FY17, the Debt Service Fund accounts for the accumulations of resources for the payment of general long-term debt principal and interest for governmental funds. The governmental funds include: General Fund

Agricultural Preservation Fund Hotel Room Rental Tax Fund Parks Acquisitions/Development Fund Impact Fees/School Mitigation Fund School Construction Fund

Budget Highlights )< ¶V EXGJHW ZDV XQLTXH DV D UHVXOW RI WKH 6HULHV

$ &URVVRYHU 5HIXQGLQJ %RQGV $Q HVFURZ RI PLOOLRQ RI these bond proceeds was made available for the payoff of the 2010B Build America Bonds in FY2020. The impact to the FY2020 budget included an increase in the Use of Fund Balance and an offsetting decrease in the Other Financing Sources/Uses reflecting the use of the escrowed funds and the payment to the bondholders. This transaction also eliminated the Federal Build America Bond subsidy revenue for future years as well as investment earnings related to the escrow. The FY2021 budget values reflect normal Debt Service Fund activities.

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