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The annual debt service requirements for the next 10 years for the debt detailed on the previous page are as follows:
<br />$14,000,000
<br />$12,000,000
<br />$10,000,000
<br />$8,000,000
<br />$6,000,000
<br />$4,000,000
<br />$2,000,000
<br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
<br />■ Principal ■ Interest ■ P &I Paid by Escrow
<br />Capital Projects Funds
<br />The fund balances of all capital projects funds are summarized below:
<br />Capital Projects Fund
<br />Major
<br />Tax Increment Financing Districts
<br />Nonmaj or
<br />Capital Reserve
<br />Equipment Replacement
<br />Park Dedication
<br />Park Improvements
<br />Government Buildings
<br />GRE Reserve
<br />Pavement Management
<br />Street Improvements
<br />Improvement Projects
<br />Total nonmajor
<br />Total
<br />Fund Balances
<br />December 31, Increase
<br />2013 2014 (Decrease)
<br />$ (1,039,866) $ (1,250,359) $ (210,493)
<br />1,526,857
<br />1,300,402
<br />(226,455)
<br />836,471
<br />743,405
<br />(93,066)
<br />(839,659)
<br />(476,669)
<br />362,990
<br />177,157
<br />140,656
<br />(36,501)
<br />3,864,325
<br />3,857,503
<br />(6,822)
<br />2,110,729
<br />2,547,602
<br />436,873
<br />1,207,543
<br />2,330,519
<br />1,122,976
<br />1,794,744
<br />1,959,985
<br />165,241
<br />4,276,522
<br />4,450,622
<br />174,100
<br />14,954,689
<br />16,854,025
<br />1,899,336
<br />$ 13,914,823
<br />$ 15,603,666
<br />$ 1,688,843
<br />The City has multiple individual projects that make up the funds presented above. The City should continue to monitor each
<br />individual project. The Tax Increment Financing Districts fund and Park Dedication fund have deficit fund balances at the end of
<br />the year. The deficits will be eliminated by future tax increment revenues and park dedication fees. City Council should continue
<br />to review planned project sources for these funds and consider whether they will be available within a sufficient timeframe to
<br />cover current activity.
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<br />People
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<br />Beyondthe
<br />Numbers
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