2013/14 Recommended Budget - City of St. George

RECREATION BOND DEBT SERVICE
State Law (59-2-911) allows taxing agencies to add a tax levy for the purpose of paying debt service payments and providing for a
sinking fund in relation to voter authorized indebtedness. The revenues collected from the levy can only be used for the purpose
which the levy was made. In 1996, citizens voted for the issuance of General Obligation Bonds ($18 million total) for the purpose of
constructing recreational facilities. This Recreation Bond Debt service fund is used to account for the accumulation of resources and
payment of the G.O. Bonds.
2013-14
Recommended
Budget
Full-Time Employees $ -
Part-Time Employees $ -
Employee Benefits $ -
Materials & Supplies $ 1,416,700
Capital Outlays $ -
TOTAL $ 1,416,700
Materials &
Supplies
$1,416,700
100.00%
SALARIES & BENEFITS
There are no salaries and benefits associated with this fund.
MATERIALS & SUPPLIES
Debt service is for G.O. Bonds authorized by voters in 1996. $1,413,200 recommended for principal and interest.
CAPITAL OUTLAYS
HISTORICAL INFORMATION
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2009 2010 2011 2012 Budget 2013 Budget 2014
MATERIALS & SUPPLIES DEBT SERVICE TRANSFERS
2009 2010 2011 2012 Budget 2013 Budget 2014
MATERIALS & SUPPLIES 9,844 2,987 93,839 6,919 3,500 3,500
DEBT SERVICE 1,219,720 1,255,153 6,640,770 1,327,731 1,367,531 1,413,200
TRANSFERS 0 0 217,673 0 0 0
TOTAL 1,229,564 1,258,140 6,952,282 1,334,650 1,371,031 1,416,700
269