ITEM TITLE:
Council Consensus: Debt Service Fund
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Provide consensus for final budget figures
SUMMARY STATEMENT:
• Fund reflects debt service schedules, state reimbursements, and interest income on invested fund balance of $9MM
• 2018 debt service payments are reduced reflecting defeasance of 2012 GO Middle School issue
• State reimbursement revenues continue while defeasance is in effect
• Attachment: Debt Service Detail