Fiscal Year 2013 Annual Budget - Debt Service Fund

City of Carbondale
Financial Overview - Debt Service Fund

 

 

Ariel Photos taken in April 2012, shows the work completed at the Northwest Wastewater Treatment Plant through CIP WW0401. This $1.2 million dollar project started in FY 2011 included the design and construction of a large lagoon to accommodate excess flows from the City's sanitary sewer collection system. This lagoon will provide relief for sanitary sewers that surcharge during heavy rains due to infiltration and in flow.

 

 

 

DEBT SERVICE FUND

The Debt Service Fund accounts for financial resources to be used for the redemption of principal, interest and paying agent fees for General Obligation Bonds issued on behalf of Governmental Fund Types. The primary source of revenue to the Debt Service Fund is subsidy from the General Fund. Also transfers from the Motor Fuel Tax Fund and the Community Investment Fund contribute to Debt Service Fund revenues. Beginning in Fiscal Year 2004, the City council stopped levying a tax and the standing levies for the General Obligation Bonds are abated in their entirety. Currently, the General Fund provides the financial resources to the Debt Service Fund until such time as the City’s Tax Levy may be reinstituted.

Debt Service Department
Summary Statement of Revenues, Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Statement of Expenditures and Other Financing Uses

Division Expenditures Budgets:
43012 - 2003 G.O. Refunding Bonds
43013 - 2004 G.O. Refunding Bonds
43014 - 2006 G.O. Refunding Bonds
43015 - 2010 G.O. Public Safety Facility
43016 - 2011 G.O. Refunding/Fire Station Bonds

Continue on to Community Investment Fund

 

 
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