Capital financing and other financial costs relate to raising funds in the operating budget and transferring to the capital fund to help pay for the current year’s capital works program. It provides for principal and interest payments on tax-supported debt that has been issued as of the beginning of the year plus an amount estimated to be issued during 2021. It includes transferring funds to various reserves which, in turn, will be used to fund specific operating and capital expenditures.

2021 Overview

Capital Financing and Other Financial
Description2021 recommended
Net expenditures $30,334,751
Net revenues $2,500,000
Net Capital Financing costs $27,834,751