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1987-11-02 Public Hearing, Workshop Meeting, and Called Meeting
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1987-11-02 Public Hearing, Workshop Meeting, and Called Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
11/2/1987
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<br />• <br />SCHEDULE A: Unencumbered Fund Balances <br />This taxing unit estimates that the following balances will be left in the unit's accounts at the end of the fiscal year. <br />These balances are not encumbered by a corresponding debt obligation. --.. <br />Type of Fund <br />General Fund <br />Debt Service <br />Balance <br />$3,823,907 <br />$ 673,005 <br />SCHEDULE B: 197 Debts Paid From Property Taxes <br />This taxing unit estimates that the unit will pay the following amounts out of property tax revenues for long-term <br />debts that are secured by property taxes. . <br /> Prmc~pal or <br />Description Contract Payment . Interest Other Amounts Total <br />of Debt to be Paid to be Paid to be Paid Payment <br />Texas G.O. Bonds $ 40,000 $ 18,450 -0- $58,450 <br />1973 <br />G. 0. Bonds 1979 100,000 39,700 -0- 139,700 <br />G. 0. Bonds 1980 175,000 192,687 -0- 367,687 <br />Certificates of 80,000 21,700 -0- 101,700 <br />Obligation 1980 <br />G. 0. Bonds 1985 250,000 414,750 -0- 664,750 <br />G. 0. Bonds 1986 175,000 297,825 -0- 472,825 <br />W/W & Tax Bonds 35,000 29,550 -0- 64,550 <br />1968 <br />W/W & Tax Bonds 35,000 25,662 -0- 60,662 <br />1970 <br />W/W & Tax Bonds 10,000 900 -0- 10,900 <br />1971 <br />W/W & Tax Bonds 10,.000 11,480 -0- 21,480 <br />1979 <br />$1,962,704 <br />Total Amount Required for 1987 Debt Service $ 1 , 9 6 2 , 7 0 4 <br />Less Amount That Will Be Paid From Funds Listed in 4 6 , 0 0 0 <br />Schedule A - $ <br />Total To Be Paid from Property Taxes This Year = $ 1 ~ 916 , 7 0 4 <br />Amount Added in Anticipation That the Unit Will 76,668 <br />Collect Only 9 6 % of its Taxes in 1987 -~- $ <br />1,993,372 <br />Total Debt Tax Levy = $ <br />
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