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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 />$2,000,000
<br />2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
<br />■ Principal ■ Interest ■ P&I Paid by Escrow
<br />Capital Projects Funds
<br />The fund balances of all capital projects funds are summarized below:
<br />Capital Projects Fund
<br />Major
<br />Tax Increment Financing Districts
<br />Pavement Management
<br />Total major
<br />Nonmaj or
<br />Capital Reserve
<br />Equipment Replacement
<br />Park Dedication
<br />Park Improvements
<br />Government Buildings
<br />GRE Reserve
<br />Street Improvements
<br />Improvement Projects
<br />Total nonmajor
<br />Fund Balances
<br />December 31,
<br />2014
<br />2015
<br />Increase
<br />(Decrease)
<br />$ (1,250,359) $ (1,540,086) $ (289,727)
<br />2,330,519 2,770,934 440,415
<br />1,080,160
<br />1,230,848
<br />150,688
<br />1,300,402
<br />973,371
<br />(327,031)
<br />743,405
<br />690,297
<br />(53,108)
<br />(476,669)
<br />(489,674)
<br />(13,005)
<br />140,656
<br />366,170
<br />225,514
<br />3,857,503
<br />3,859,536
<br />2,033
<br />2,547,602
<br />2,755,002
<br />207,400
<br />1,959,985
<br />1,878,713
<br />(81,272)
<br />4,450,622
<br />3,746,418
<br />(704,204)
<br />14,523,506
<br />13,779,833
<br />(743,673)
<br />Total $ 15,603,666 $ 15,010,681 $ (592,985)
<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
<br />balances at the end of the year. The deficits will be eliminated by future tax increment revenues and park People
<br />dedication fees. City Council should continue to review planned project sources for these funds and consider +Process®
<br />whether they will be available within a sufficient timeframe to cover current activity.
<br />Be 6 Uthe
<br />-11- Numbers
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