2025 - 2026 Budget Book - Flipbook - Page 253
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Interest & Sinking
A debt service fund used to account for resources accumulated and payments made for principal and interest on
long-term general obligation debt of governmental funds.
$8M
Interest & Sinking Approved Budget FY 2022 - 2026
$6M
$4M
$2M
0
FY2022
FY2023
Expenditures Actual
FY2024
FY2025
FY2026
Expenditures Budgeted
In FY2025, the Interest & Sinking expenditures budgeted reached $6.5 million, marking a 15.6% increase from the
previous period. The actual expenditures for FY2025 also totaled $6.5 million, reflecting a 15.42% increase from the prior
period, closely aligning with the budgeted amount.
For FY2026, the budgeted expenditures remain at $6.5 million, showing a slight decrease of 0.24% compared to
FY2025's budgeted amount. This indicates a stabilization in the Interest & Sinking budget following the significant
increase observed in the previous year.
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