Budget Search
County
Debt Service
Recommended Expenditures
By Program 2017-18 Recommended Change from 2016-17 Adopted
Long Term Debt
 
$1,902,646
100%
$112,984
5.6%
Total Department
 
$1,902,646
100%
$112,984
5.6%
Mission Statement
About the Department

Debt Service payments, both principal and interest, which are budgeted in various departments for Certificates of Participation (COPs) and other authorized long-term debt instruments, are consolidated here for oversight and payment by the Treasurer-Tax Collector-Public Administrator Department.  Internal Service Funds and Enterprise Funds are separate accounting entities that budget their debt directly in their own funds. The Debt Service budget also includes the short-term Tax and Revenue Anticipation Notes (TRAN) debt payments.

Recommended Changes and Operational Impact

 

Staffing

This department is administered by the Treasurer-Tax Collector-Public Administrator.

Expenditures

Net operating expenditure decrease of $113,000 which primarily consists of:

o-$113,000 decrease in annual interest payments on long term debt.

 

Net non-operating expenditure increase of $78,000 which primarily consists of:

o+$78,000 increase in annual principal payments on long term debt. 

 

These changes result in recommended operating expenditures of $1,903,000, non-operating expenditures of $3,978,000, for total expenditures of $5,881,000.  Non-operating expenditures primarily include long-term debt principal repayment.

Revenues

Net operating revenue decrease of $3,000 which primarily consists of: 

o-$3,000 reflects decreased transfers from other departments for debt service payments as required payment amounts decline.

 

Net non-operating revenue decrease of $33,000 which primarily consists of:

o-$33,000 reflects decreased transfers from other departments for debt service payments as required payment amounts decline.

 

These changes result in recommended operating revenues of $1,412,000, non-operating revenues of $4,469,000, resulting in total revenues of $5,881,000.  Non-operating revenues primarily include transfers from General Fund Departments and Special Revenue Funds for debt service obligations.

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For a printable PDF version of the Recommended Budget book please visit https://www.countyofsb.org/budgetbook

Proposed Changes and Operational Impact
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