FY 25 Adopted Budget | Page 186

Debt Service

The Town has several outstanding debt expenditures that it is obligated to pay . Examples of the debt related items included in this breakdown are bonds , vehicle and equipment installment loans , and utility debt . The responsibility of ensuring that these debt payments are made annually rests with the Finance Department . All expenditures within this program are dedicated to the operations of the program .
Expenditure Summary
ACTUALS FY21-22 .
ACTUALS FY22-23 .
AMENDED FY23-24 .
ADOPTED FY24-25 .
EXPENDITURES
Bond Principal
$ 1,822,000
$ 1,823,000
$ 4,116,725
$ 2,905,000
Principal - Leases
$ 555,000
$ 551,000
$ 546,000
$ 542,000
Principal-Installment Loans
$ 396,980
$ 230,552
$ 233,072
$ 638,953
Bond Interest
$ 1,136,774
$ 1,070,688
$ 1,003,756
$ 1,919,632
Interest - Leases
$ 54,933
$ 44,758
$ 34,666
$ 24,656
Interest-Installment Loans
$ 12,134
$ 7,643
$ 5,123
$ 274,826
Total
$ 3,977,821
$ 3,727,641
$ 5,939,342
$ 6,305,067
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