DEBT SERVICE FUNDS
Major Debt Service Fund
General Debt Service - To account for the payment of principal, interest and fiscal charges on
all general obligation debt and property purchase agreements, except for the debt and property
purchase agreements attributable to the Proprietary Fund Types. Revenues are from interest
earned on unspent bond proceeds.
Non-Major Debt Service Fund
Port Debt Service - To account for the payment of principal, interest and fiscal charges on the
2003 Series A Steamship Wharf/Marine Park Revenue bonds. This bond issue includes a provision
that requires the CBJ maintain a separate debt service fund during the life of the issue. The
debt service on these bonds is paid with a combination of Port Development Fees (75%) and
Marine Passenger Fees (25%). Each source of payment is fully obligated to pay the outstanding
debt service.
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CITY and BOROUGH OF JUNEAU
Major Debt Service Funds
GENERAL DEBT SERVICE FUND
Comparative Statements of Revenue, Expenditures, and Changes in Fund Balance
For the fiscal years ended June 30, 2010, 2009 and 2008
2010
REVENUE - Investment and interest income
$
EXPENDITURES
Debt service:
Principal on debt
Interest on debt
Fiscal agent and letter of credit fees
Total expenditures
Deficiency of revenue over expenditures
OTHER FINANCING SOURCES
Transfers from:
General Fund
Sales Tax Special Revenue Fund
Premium on bonds issued
Total other financing sources
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses
Fund balance at end of year
$
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2008
231,433
273,362
190,209
12,552,564
6,038,858
9,785
18,601,207
12,106,517
6,100,199
10,687
18,217,403
9,158,000
4,836,220
8,456
14,002,676
(18,369,774)
(17,944,041)
(13,812,467)
17,581,400
1,284,500
98,231
18,964,131
16,619,700
774,000
203,693
17,597,393
12,791,300
3,148,500
15,939,800
594,357
Fund balance at beginning of year
2009
(346,648)
2,127,333
7,819,001
8,165,649
6,038,316
8,413,358
7,819,001
8,165,649
CITY and BOROUGH OF JUNEAU
MAJOR DEBT SERVICE FUNDS
GENERAL DEBT SERVICE FUND
Schedule of Revenue, Expenditures, and Changes in Fund Balance – Budget and Actual
For the fiscal year ended June 30, 2010
Budgeted Amounts
Original
Final
REVENUE - Investment and interest income
$
Actual
Variance with
Final Budget positive
(negative)
234,400
234,400
231,433
(2,967)
13,235,800
6,710,900
11,200
19,957,900
13,606,400
6,904,800
11,200
20,522,400
12,552,564
6,038,858
9,785
18,601,207
1,053,836
865,942
1,415
1,921,193
(19,723,500)
(20,288,000)
(18,369,774)
1,918,226
17,581,400
17,581,400
17,581,400
-
720,000
18,301,400
1,284,500
18,865,900
1,284,500
98,231
18,964,131
98,231
98,231
(1,422,100)
(1,422,100)
594,357
2,016,457
EXPENDITURES
Debt service:
Principal on debt
Interest on debt
Fiscal agent and letter of credit fees
Total expenditures
Excess (deficiency) of revenue over
expenditures
OTHER FINANCING SOURCES
Transfers from:
General Fund
Special Revenue Funds:
Sales Tax
Premium on bonds issued
Total other financing sources
Net change in fund balance
$
Fund balance at beginning of year
7,819,001
Fund balance at end of year
$
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8,413,358
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CITY and BOROUGH OF JUNEAU
Non-Major Debt Service Funds
PORT DEBT SERVICE FUND
Comparative Balance Sheets
June 30, 2010, 2009 and 2008
2010
ASSETS
Equity in central treasury
2009
2008
$
-
-
-
$
-
-
-
LIABILITIES AND FUND BALANCES
Fund balances - unreserved - undesignated
for debt service
$
-
-
-
Total liabilities and fund balances
$
-
-
-
Total assets
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CITY and BOROUGH OF JUNEAU
Non-Major Debt Service Funds
PORT DEBT SERVICE FUND
Statement of Revenue, Expenditures, and Changes in Fund Balance
For the fiscal year ended June 30, 2010, 2009 and 2008
2010
REVENUE - Miscellaneous income
$
EXPENDITURES
Debt service:
Principal on bonds
Interest on bonds
Total expenditures
Deficiency of revenue over expenditures
OTHER FINANCING SOURCES (USES)
Transfers from Special Revenue Funds:
Port Development
Transfers to Port Development
Total other financing sources (uses)
Excess (deficiency) of revenue and other financing
sources over expenditures and other financing uses
Fund balance at beginning of year
Fund balance at end of year
$
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2009
2008
-
-
-
-
-
-
-
-
-
-
-
(2,314)
(2,314)
-
-
(2,314)
-
-
2,314
-
-
-