FY2023 Adopted Operating and Capital Budget

FY2023 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. In FY22 there was a large bond issuance including $158.8M for general fund bonds. The FY23 budget includes a full year of debt service related to the fall 2021 large issuance of bonds.

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