Page 215 - Budget FY 2022-2023 - Update
P. 215
Adopted Budget 2023 City of McAllen, Texas
LOCAL GOVERNMENT FINANCE CORPORATION
DEBT SERVICE FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
20-21 21-22 21-22 22-23
SINKING FUND
BEGINNING FUND BALANCE $ 200,898 $ 200,898 $ 347,262 $ 347,262
Interest Income $ 161 $ - $ - $ -
Other Financing Sources:
Transfer In - TIRZ#1 189,804 - - -
Transfer In - Development Corp� Fund 709,532 905,185 905,185 910,120
Transfer In - LGFC TAMU Construction Fund 113,948 - - -
Total Sources 1,013,445 905,185 905,185 910,120
TOTAL RESOURCES $ 1,214,343 $ 1,106,083 $ 1,252,447 $ 1,257,382
APPROPRIATIONS
Bond Principal - Series 2017 $ 500,000 $ 535,500 $ 535,500 $ 556,500
Interest and Fees 367,081 369,685 369,685 353,620
TOTAL APPROPRIATIONS $ 867,081 $ 905,185 $ 905,185 $ 910,120
ENDING FUND BALANCE $ 347,262 $ 200,898 $ 347,262 $ 347,262
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