2018 City of Selma Budget
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Debt Service:<br />
Debt payments and debt load remain high. Debt service payments for <strong>2018</strong> are funded at<br />
$994,535 an increase <strong>of</strong> $484,015 from $510,520 in 2017, a 48.7% increase; this includes Debt<br />
Service Water & Sewer Bond Warrant; 2016 Pension Obligation Warrant (Refinancing <strong>of</strong> the<br />
Pension Debt); 2009 Warrant;<br />
Fund Reserve Account<br />
As <strong>of</strong> October 1, 2017, the reserve account was $656.00.<br />
Discretionary<br />
Due to depleted reserve account discretionary was reduced by 100%.