FY 2011-12 Adopted Budget - City of Oviedo

General Obligation Bond Debt Service Fund (203)*
*payment of principal and interest for Oviedo On the Park infrastructure improvements
Beginning Fund Balance 34,740 3,594 6,341 6,341 6,341
2008-09 2009-10 2010-11 2010-11 2011-12
REVENUES Actual Actual Budget Projection Budget
Property Taxes
Current* 510,445 544,375 538,626 539,117 540,974
Delinquent 947 1,133 0 0 0
Sub-Total: Taxes 511,392 545,508 538,626 539,117 540,974
*The FY 11-12 proposed millage rate is set at .3071 mills to fund required debt service payments. The FY 10-11 rate was .291.
Miscellaneous
Interest on Investments 10,897 8,331 5,000 4,761 6,000
Sub-Total: Miscellaneous 10,897 8,331 5,000 4,761 6,000
Interfund Transfers (transfer from):
Water/Wastewater Operating Fund (401) 0 0 6,465 6,213 6,557
Appropriated Fund Balance 0 0
TOTAL REVENUES 522,290 553,839 550,091 550,091 553,531
2008-09 2009-10 2010-11 2010-11 2011-12
EXPENDITURES Actual Actual Budget Projection Budget
2003 Limited Ad Valorem Bonds
Principal 195,000 200,000 205,000 205,000 215,000
Interest 355,861 350,791 344,791 344,791 338,231
Miscellaneous Debt Service Costs 300 300 300 300 300
Total: Debt Service 551,161 551,091 550,091 550,091 553,531
Reserve for Future Debt Service 0 0
TOTAL EXPENDITURES 551,161 551,091 550,091 550,091 553,531
Ending Fund Balance 5,869 6,341 6,341 6,341 6,341
96