2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013–2014 Biennial Budget City of Tukwila, WashingtonDEPARTMENT: N/ADIVISION: N/AFUND: Limited Tax, G.O. Refunding Bonds, 2003 FUND NUMBER: 210DescriptionThis fund provides payment to the Fiscal Agent for principal and interest required per debt serviceschedule to refund the remaining debt of the Limited Tax G.O. Bonds, 1994 which were paid from the201 Fund for bonds issued to pay for the Community Center and Fire Station #53 projects. Refundingbonds were issued in 2003 and will mature on December 1, 2014. Original issue was for $4,195,000.Expenditure & Revenue SummaryG.O. Refunding Bonds 20032010 2011 2012 2013 2014 2012-13 2013-14Object Description ACTUAL ACTUAL BUDGET BUDGET BUDGET % change % change70 Principal $ 395,000 $ 410,000 $ 425,000 $ 445,000 $ 465,000 4.71% 4.49%80 Interest 94,700 79,202 63,500 45,500 23,250 -28.35% -48.90%00 Other - 12,032 12,393 - - -100.00% 0.00%EXPENDITURE TOTAL 489,700 501,234 500,893 490,500 488,250 -2.07% -0.46%REVENUETransfers In - General Fund - 500,932 499,893 490,500 488,250 -1.88% -0.46%Investment Interest 356 - 1,000 - - -100.00% 0.00%REVENUE TOTAL $ 356 $ 500,932 $ 500,893 $ 490,500 $ 488,250 -2.07% -0.46%FUND BALANCEChange in Fund Balance * (489,344) (302) - - - 0.00% 0.00%Beginning Fund Balance 489,646 302 1,000 1,000 1,000 0.00% 0.00%Ending Fund Balance 302 - 1,000 1,000 1,000 0.00% 0.00%* Change in fund balance equals revenues over/(under) expendituresPage 275