Page 223 - City of McAllen - Approved Annual Budget Book FY 24-25
P. 223
Adopted Budget 2025 City of McAllen, Texas
LOCAL GOVERNMENT FINANCE CORPORATION
DEBT SERVICE FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
22-23 23-24 23-24 24-25
SINKING FUND
BEGINNING FUND BALANCE $ 308,885 $ 308,885 $ 447,421 $ 250,788
Revenue:
Interest Income $ 30,596 $ - $ 25,105 $ -
Other Financing Sources:
Transfer In:
TIRZ#1 Fund 374,888 - 186,301 196,800
Development Corporation Fund 600,584 909,175 458,592 460,000
Total Revenue and Transfers 1,006,068 909,175 669,998 656,800
TOTAL RESOURCES $ 1,314,952 $ 1,218,060 $ 1,117,419 $ 907,588
APPROPRIATIONS
Bond Principal - Series 2017 $ 530,000 $ 572,250 $ 545,000 $ 582,750
Interest and Fees 337,531 336,925 321,631 324,838
TOTAL APPROPRIATIONS $ 867,531 $ 909,175 $ 866,631 $ 907,588
ENDING FUND BALANCE $ 447,421 $ 308,885 $ 250,788 $ -
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