Laserfiche WebLink
expenses related to Debt Service payments, which will occur in February and August each year. This category comprises approximately 48.21% of <br />the total FY 2008 Budget or $667,318. <br />Waste Collection Fund <br />The Waste Collection Fund revenues for FY08 totaled $ 1.3 Million which exceeds total budgeted revenues. The major source is charges from <br />current services. The major expense for this fund is contracted services. Actual expenditures for contracted services totaled $ 1.2 Million for FY08. <br />Debt Service Fund <br />Debt Service Fund revenues for the FY08 totaled $13.4 Million.. The major source of funding is Ad Valorem Taxes at $ 7.0 Million and Capitalized <br />Interest of $ 5.7 Million. The majority of ad valorem taxes are received in the first half of the year. The Debt Service portion of this tax rate is 32.96 <br />cents per $100 assessed value. Expenditures at quarter end totaled approximately $8.7 Million of the $7.1 Million budgeted. The budgeted debt <br />payments were processed in February and another payment August 2008. <br />Hotel Occupancy Tax Fund <br />Hotel Tax Fund revenues collected for FY08 totaled $ 1.4 Million exceeding total budgeted. The major source of revenue is Hotel Occupancy Tax at <br />$ 1.3 Million. <br />Actual expenditures totaled $ 970,104. Personnel services $ 95,484 of total expenditures Payments to recipients of hotel/motel taxes funds are not <br />processed until actual tax payments have been received and all required reports have been submitted. <br />0 <br />