FY2022 Adopted Operating and Capital Budget

FY2022 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 FY ¶V financials were unique as a result of the Series 2017A Crossover Refunding Bonds. An escrow of $64.7 million of these bond proceeds were used for the payoff of the 2010B Build America Bonds in FY20. This transaction also eliminated the Federal Build America Bond subsidy revenue for future years as well as investment earnings related to the escrow. The following budget adjustments are reflected in FY22: The FY22 budget includes additional transfers from other funds due to a large anticipated bond issuance in September 2021. The total bond issuance is estimated at $186.9 million and the general fund portion is estimated at $173.7 million which includes refinance of the 2020 BANS.

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