CITY OF BURLINGTON                                                                          
COMBINED DEBT SERVICE FUNDS
BUDGET FOR THE YEAR 2008
Anticipated Proposed Proposed Proposed
Actual Budget Actual Budget Actual Budget Budget Budget
2005 2006 2006 2007 2007 2008 2009 2010
Revenues
General Property Taxes  $  #######  $  #######  $      2,833,493  $      3,035,515  $       3,024,822  $      3,507,526  $      3,573,222  $       3,640,233
Exempt Computer Aid   26,001   24,000          31,958          31,000 [1]           27,850 [2]          20,786          20,786           20,786
Bond Proceeds           -             -                   -                   -        2,958,292                 -                   -                     -  
Interest Income   69,630   64,000          92,664        155,920         106,667        130,639        111,648           91,298
Total Revenues ####### #######     2,958,115     3,222,435      6,117,631     3,658,950     3,705,657      3,752,317
   
Expenditures
Debt Service:
Principal Retirement ####### #######     1,512,586     1,661,819      3,153,929     1,863,189     2,051,826      2,381,392
Interest and Fiscal Charges ####### #######     1,983,511     1,386,217      1,361,942     1,339,527     1,306,346      1,224,133
Street Program                 -                   -           500,000        515,000        530,000                   -  
Total Debt Service ####### #######     3,496,097     3,048,036      5,015,871     3,717,716     3,888,172      3,605,525
 Excess Revenues Over (Under) Expenditures  #######  (45,008)      (537,983)        174,399      1,101,760        (58,765)      (182,515)         146,792
Other Financing Sources (Uses)
Proceeds from Borrowing
Operating Transfers In:  TID #4 ####### #######        281,573        210,801         197,142        330,192        217,215         259,246
Operating Transfers In:  Library Pension           -       4,683            4,683            4,683             4,683            4,683            4,683             4,683
Operating Transfers In:  Water Pension           -       2,707            2,707            2,707             2,707            2,707            2,707             2,707
Operating Transfers In:  Sewer Pension           -       6,253            6,253            6,253             6,253            6,253            6,253             6,253
Operating Transfer Out ####### #######      (449,909)      (430,000)        (430,000)      (430,000)      (430,000)        (430,000)
Debt Service Reimbursements   12,704   12,704          12,704          12,704           12,704          12,704          12,704           12,704
Total Other Financing Sources        
(Uses)       87,947     #######          (141,989)          (192,852)        (206,511)            (73,461)      (186,438)        (144,407)
 Excess Revenues and Other Financing Sources  
 Over (Under) Expenditures and Other  
 Financing Uses  ####### #######      (679,972)            (18,453)         895,250      (132,227)      (368,953)             2,386
Fund Balance - January 1 ####### #######   (1,875,107)   (2,555,079)     (2,555,079)   (1,659,829)   (1,792,056)     (2,161,009)
     
Fund Balance - December 31  $  #######  $  #######  $    (2,555,079)  $    (2,573,532)  $      (1,659,829)  $    (1,792,056)  $    (2,161,009)  $      (2,158,624)
Page 78
[1]
 :
TID 3's
[2]
 :
TID 3's