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2025 Budget Book
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2025 Budget Book
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5/5/2025 10:01:39 AM
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Fiscal Year 2025 ‐ BudgetEMERALD PARK HISP / MIRROR LAKE502536502/536311REVENUESCLOSED IN 2024TAX ABATEMENT/ LEASE REVENUE LEVY‐$ (1)‐$ ‐$ ISD DEBT CONTRIBUTION‐ ‐ ‐ ‐ INVESTMENT INCOME250 850 1,100 ‐ OTHER‐ HISP GRANT‐ ‐ ‐ ‐ TOTAL REVENUES250$ 850$ 1,100$ ‐$ EXPENDITURESDEBT SERVICE: PRINCIPAL120,000 95,000 215,000 INTEREST1,800 2,750 4,550 PAYING AGENT FEES115 450 565 PROFESSIONAL SERVICE250 250 500 TOTAL EXPENDITURES122,165 98,450 220,615 ‐ REVENUES OVER (UNDER) EXPENDITURES(121,915)$ (97,600)$ (219,515)$ ‐$ OTHER FINANCING SOURCES (USES) CAPITALIZED INTEREST‐ ‐ ‐ ‐ TRANSFERS OUT (2)(16,155) 16,929 ‐ TOTAL OTHER FINANCING SOURCES(16,155) 16,929 ‐ ‐ NET CHANGE IN FUND BALANCE(138,070)$ (80,671)$ (219,515)$ ‐$ EST. FUND BALANCE ‐ JANUARY 1 2025138,070$ 180,571$ 365,195$ EST. FUND BALANCE ‐ DECEMBER 31 20250$ 99,900$ 145,680$ ‐$ 1) Debt Levy Reduction plan calles for reduced levy2) Debt is paid off in 2024 and the Fund will be closed out to the Building FundTAX ABATEMENT and LEASE REVENUE DEBT SERVICE FUNDSCOMBINED TAX ABATEMENTPUBLIC FACILITIES LEASE REVENUE60
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