Debt Service Funds!_
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DEBT SER V/CE FUND
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DEBT SERVICE FUND
Debt Service Funds are used for the purpose of accumulating resources for the
payment of interest and principal and related cost of General Government long
term debt as follows: _
• City of Guif Breeze Loan
• Sun Bank Leasing
• Ponte Vedra National Lease
• Barnett Bank vehicle and equipment lease
• Suntrust Loan which refinanced City Hall, park _
improvements and renovations to Public Safety building.
101
CITY OF ATLANTIC BEACH
,_
DEBT SERVICE FUND
COMBINED SUMMARY OF REVENUES AND EXPENDITURES
REVISED
ACTUAL ACTUAL BUDGET BUDGET WCREASE
1994.95 1883.86 1898.97 1997.9!1 DECREASE
Caah Cam Forward
FVFUI i
e
R _ 9].020 _ 1]8.426 U1.696 47.695 (98.001)
F
_
Ad Vabram Taxea 38,378
Transfer hom General Fund 378,128 1,004,333 307,x17 292,306 (13
411)
Transfer hom Gas TaX Fund 351,929 307,354 208,985 85
227 ,
(12]
738)
Tnnafer ham Water Utlfity Fund , ,
IMeroat Eamkps 3.818 4.858
TOTAL REVENUES 777.454 1.]16,76] 818.802 377.73] (1]9.1691
OTHER FBIANCWO SOURCES
TOTAL RESOURCES 866.174 1.453.189 659.596 421.428 (277.1701
EXPEND rRFC
Debt Servke Fund 730.048 1.311.493 _ 614.903 377.737 _ (237.1701
TOTAL EXPENDITURES 730.046 1.31L49] _ 611.903 377.73] (2]7.1701
OTHER FINANCING USES
CASH RESERVES 178.428 111.698 47.695 43.695
TOTAL CcXPENDRURES AND
CASH RESERVES 868.47! 1AS7.189 _ 65^_.598 421.429 (2]7.170)
RFe_Ol0?GE AI 1 OCATIONc
Paraonal Servkn
Operatlnp E~enses
GpOal waxy
Debt Servke 730,(k8 1,311,493 814,90:! 377,733 (237,170)
Tnnsfera
TOTAL 770.049 1.311.497 6U.907 377.777 (277.1701
102
CITY OF ATLANTIC BEACH
DNISIONAL EXPENDITURES
DEBT SERVICE FUND
DEBT SERVICE
REVISED
ACTUAL ACTUAL BUDGET BUDGET WCREASE
PERSONAL SERVICES' 199455 199556 199657 199756 DECREASE
WAGES
Salaries and Wages
OveWna
Special Pay
SUB TOTAL
BENEFITS
FICA
Pensbn
Health Insursnee
Worker 8 Unemploy CornD
SUBTOTAL
Total WACES
and BENEFRS
OP RAT1N XP NS S:
Professional SeMces
AccounOng, Aud'Nnp
Contractual Servkes
Travel, Trsinlrg
CommuNwOon
Postage
UtlliOes
Rentals, Leases
Insurance
Repairs, Maintenance
Printing, PubOSNnp
Advertising, PromoOon
Other CurteN Charpea
Office Supptlea
Operating Supp9es
Books, Sub, Memberships
Internal Servlee Charges
Total Operating Eapensas
'
,APITAL OUTLAY:
~
Lana
BuOdlnps
Other Improvements
EquipmeN
ConsWeOon H Progress
Total Capital Outlay
DFBT SERVICE:
Pdneipal
561,321
1,160,847
463,729
265,516
(218,213)
Interest 148,543 150,646 131,174 112,217 (18,957)
ether 184
Total Debt Servlee 730,048 1,311,493 614,903 377,733 (237,170)
T ANR__~__ ~FFRS:
To
To
ONer
Total Transfers
DMSION TOTALS: 730.048 1.311,493 614.903 377.773 (237.170)
103