• Text Size:
  • A
  • A
  • A

Budget in Brief

Debt Service Fund

The Debt Service Fund is established to account for the accumulation of resources for and the payment of general long-term debt principal and interest payments. The debt service budget for fiscal year 2018 is programmed at $24,200,000.

The Town plans four new bond issues in 2018; a General Obligation Bond of $28 million to fund the Capital Improvement Plan, a TIF Bond scheduled for $28 million, Beach Fee Bonds planned for $36 million, and a Hurricane Matthew reserve replenishment bond planned for $18 million.

The Debt Service Fund has the following sources of funding for fiscal year 2018.

Debt Service Fund Funding Sources for Fiscal Year 2018

This text is displayed if your browser does not support HTML5 Canvas.

Governmental Funds  ~  Millage Rate  ~  General Fund
Capital Improvement Plan ~ Budget Summary-Proprietary Fund ~  Summary