Loading...
HomeMy WebLinkAboutAgenda_Regular_10/17/1972VILLAGE OF TEQUESTA COUNCIL MEETING AGENDA OCTOBER 17, 1972 1. Opening Prayer and Pledge of Allegiance to the Flag by Councilman Little. 2. Approval of the minutes of the September 19, 1972 Council Meeting and the October 10, 1972 Special Council Meeting. 3. Financial Statements for September 1972. :~~ 4. Councilman Project Reports. 5. Discussion of a Traffic Control Agreement between Palm Beaeh County and the Village of Tequesta for the County to undertake the installation, maintenance and operation of a traffic control signal at Tequesta Drive and Old Dixie Highway intersection. ~i G, Discussion on appointment of a CounciLnan to replace Counci Lean Barr who has resigned to be a candidate for the Board of the Loxahatchee fiiver Environmental Control District. An appointment would be until the next Village General Election, the third Tuesday of March 1973. 7. Consideration of the request of Mr. William Smallwood, President, forth County First Aid Squad, Inc. to conduct house to house fund raising drive for new building. This would be a one-brae affair during a designated period. ~y Consideration of amending Sewer Department Budget, treatment expense, wages, by increasing a total of $125..00 for last quarter of ~ the year to increase wages of the sewer plant operator, 9. Village Attorney Items 10. Other items 11. Time for Visitors 12. Adjournment Bobs Items -October 17, 1972 ~l. Ad in new Chamber of Commerce Fishing Guide ($125.00) ~2. Sign for Lighthouse Shopping Plaza small shop owners ~~` Sewer Plant expansion ~. Mr. Thomson~s request for sewer taps 5. Gallery Square parking lot revisions 6. Land Use Planning meeting by Palm Beach County Zoning Board to be held Friday, October 27, 1972 at 9:00 A.M, in the County Courthouse Chambers. 7, Referendtun for Kiwanis Park acquisition to be on the voting machine November 7, 1972. , e Absentee ballots will be available October 23 through November 2, 1972. 8, Mr. Jarrett has asked that action be withheld on his petition for annexation. 9. Zoning Review ?.0. Dune Line Ordinance 11. Labels ordered for mailing Kiwanis Park Referenda letters. •~2. Appoint Mrs. Frank and myself as Inspectors of Election for ~ referendum to tally votes from the voting machine. 13. Terms of Mr. Abbott and Mrs. Bopp on the Zoning Board of Adjustment expire 12-31-72. VILLAGE OF TEQUESTA, FLORIDA BUDGET STATE[~NT OF REVENUE AND EXPENSE SEPTEMBER 1972 AND YEAR TO DATE (TWELVE I!!~NTHS ) YEAR TO BUDGET REVENUE BUDGET DATE BALANCE Ad Valorem Taxes - Net $ 135,000.00 $ 135,645.50 $ (645.50) Building Permits 15,000.00 11,756.00 3,244.00 Occupational Licenses 16,000,00 24,749.01 (8,749.01) Beverage Licenses 2,500.00 2,359.80 140,20 State Road and Bridge Funds 1,700.00 8,346,15 (6,646.15) Fines and Forfeitures 1,200,00 3,052.00 (1,852.00) Additional Cigarette £~ Gasoline Taxes 12,000.00 16,143.18 (4,143.18) Administrative Management - Water Dept, 5,000.00 4,999.92 .08 Office and Garage Rent - Water Dept. 3,000.00 3,000.00 -0- Fire Hydrant Rental Fees 6,000.00 6,000.00 -0- riiscellaneous Income 3,980.00 6,861.14 (2,881.14) Revenue Sharing ==0- 32,311.29 (32,311.29) Cigarette Taxes- 115,000.00 96,433.82 18,566,18 IItilities Taxes 47,600.00 52,425.65 (4,825.65) Franchise Taxes 37,500.00 34,962.29 2,537.71 Cash Surplus 10-1-?1 61,000.00 612000.00 -0- $ 462,480.00 $ 500,045.75 $(37,565.75) Paid on Accounts Receivable-Net -0- (3,617.81) -0- Employee Insurance Premiums withheld-Net -0- 68.92 -0- Payroll Taxes Withheld -0- 3,790.44 -0- $ 462,480.00 $ 500,287.30 $(37,565,75 EXPENSES Administrative Expense $ 74,525.00 $ 72,560.22 $ 1,964.78 Office Expense 15,830.00 15,698.16 131,84 Public Safety Expense 121,550.00 104,821.27 16,728.73 Streets and Parks Expense 233,575.00 149,797.75 83,777.25 Payments to Sinking Fund 17,000,00 20,722.54 3 722.54) $ 462,480.00 $ 363,599.94 $ 98x880.06 CASH S U1~Il~IARY First Bank ~ Trust Company Jupiter/Tequesta $ 22,834.19 Petty Cash 25.00 Community Federal Savings and Loan 20,000.00 Fidelity Federal Savings and Loan 16,789.49 Certificates of Deposit 90,000.00 $ 149,648.68 ACCOUNT SUMMARY Operating Account Petty Cash $ 149,623.68 25.00 $ 149,648.68 RH VILLAGE OF TEQUESTA, FLORIDA OPERATING STATEMENT OF RE~IUE AND EXPENSE SEPTEMBER 1972 AND YEAR TO DATE (T[~sIELVE MONTHS) ~~ YEAR TO SEPTII~dBER '~ BUDGET DATE 1972 Ad Valorem Taxes - Net $ 135,000,00 $ 135,645,50 $ -0- Building Permits 15,000.00 11,756,00 579.50 Occupational Licenses 16,000.00 24,749.01 4,?49.48 Beverage Licenses 2,504.04 2,359.80 -0- State Road and Bridge Funds 1,700.00 8,346,15 -0- Fines and Forfeitures 1,200.04 3,052.00 128,00 Additional Cigarette & Gasoline Taxes 12,000.00 16,143.18 819.27 Administrative R4anagement [slater Dept. 5,000.00 4,999.92 416.66 Office and Garage Rent-dater Dept. 3,000.00 3,OOOA00 250,00 Fire Hydrant Rental Fees 6,000.00 6,000.00 -0- Misceilaneous Income 3,980.00 6,861.14 921.88 Revenue Sharing -0- 32,311.29 10,770.43 Cigarette Taxes 115,000.04 96,433.82 -0- Utilities Taxes 47,600.00 52,425.65 4,825.92 Franchise Taxes 37,500.00 34,962.29 -0- Total Operating Revenues $ 439,045.75 $ 23,461.14 EXPENSES Administrative Expense Salaries: Village Manager $ 16,000.00 $ 15,844.34 $ 1,333.32 Building Official 12,000,00 12,000,00 1,000,00 OASI Expense 950.00 1,037,69 -0- Car Allowance 600.00 600.00 50.04 Councilmen Fees 1,200.00 1,200.00 100.00 Dues and Subscriptions 325,00 422.85 104.00 Insurance Expense 5,000,00 5,867.42 335.00 Legal Expense 4,000.00 5,980,04 950.00 Contributions 3,900.00 3,890.00 1,177.89 Advertising and Promotion 350,00 165.20 22.50 Maps 1,000.00 -0- -0- Engineering Service 3,000.00 836.90 549.00 Building Department Expense 500.00 1,039.84 145.90 Auditing Expense 900.00 825.00 -0- Employees Hospitalization Ins. Premi ums 4,900.00 4,475.32 402.48 Employees Pension Premitur-s 15,000.40 12,98b.70 -0- Tax Assessing and Collecting 900.00 852.85 -0- Miscellaneous Expense 2,000.00 3,036,11 21.42 Contingencies 00.00 2 0 1.500.40 1,500,00 , $ 74,525,00 $ 72,560.22 $ 7,687.51 Office Expense Salaries $ 9,620.00 $ 9,501,30 $ 701.68 OASI Expense 510.00 475.91 -4- Supplies 1,200.00 1,107.42 50.52 Fostage Telephone 454.44 750.00 587.44 772.27 114.78 71.97 Utilities 1,700.40 1,750.11 154.16 Miscellaneous 1,100.04 1,334.61 97.75 New Equipment 500.00 169.50 -0- $ 15.830,00 $ 15.698.16 $ 1.190.86 RH public Safety Expense ~ aZaries: Police Chief Police Lieutenant Patrol Sergeant Detective Patrolmen Desk Sergeant Desiu~~en Pay for Extra Werk OASI Expense Car Expense Gasoline and Oil Car Insurance Equipment and Uniforms Auxiliary Police Uniforms Telephone Teletype Utilities - Traffic Signals Judge's Fee Miscellaneous Expense Traffic Signs Ne« Equipnnent Traffic Light Installation Civil Defense Personnel Training Total Public Safety Expense Streets and Parks Expense Salaries OASI Expense Street Maintenance, Streets and Drainage Entrance Gate Expense Fogging Expense General Maintenance Truck and Tractor Repairs Truck Insurance Gasoline and Oil - Truck and Tractor Gasoline and Oil - Other Small Tools Village Hall Maintenance Garbage Collection Trash Collection Utilities - Street Lights Street Name Signs New Equipanent Beautification Fire Hydrant Rental Fees BUDGET YEAR TO SEPETMBER DATE 1972 11,000.00 $ 10,981.40 $ 941.66 8,000.00 8,075.00 691,74 7,800.00 7,875,00 675.,.04< ?,500.00 7,5U0.00 625.00 29,000.00 27,475,82 2,858.32 6,000.00 6,022.65 525.00 16,200.00 16,054.47 1,305.92 1,000.00 320.70 33.33 4,450.00 4,028.72 -0- 1,800.00 2,482,84 312.40 3,300.00 3,836.48 279.65 1,000.00 1,055,51 -0- 1,300.00 1,299.78 -0- 300.00 -0- -0- 600.00 634.99 56.47 900.00 108.19 -0- 1,100.00 440.52 37.64 1,500.00 1,204.00 100.00 1,200.00 1,196.88 35.15 700.00 413.1? -0- 4,000.00 3,789.15 -0- 12,000.00 -0- -0- 300.00 -0- -0- 600.00 30.00 _ _-0-_ $ 121,55004 $ 104 8~ 21.27 $ 8,477.28 $ 18,700.00 $ 16,985.45 $ 1,476.32 950.00 865.04 -0- 1,500.00 2,572.10 129.58 67,000.00 12,792.78 250.00 1,000.00 536.83 20,24 1,500.00 3,359,39 1,214.68 5,500.00 5,127.44 82.26 700.00 335.98 6.65 200.00 199.83 -0- 375.00 399.92 38,94 50.00 59.49 3.65 300.04 58.21 15.95 1,700.00 1,931.49- 50.74 65,000.00 63,420.00 5,544.44. 25,000.00 21,933.40 1,833.34 4,200.00 3,560.12 320.97 400.00 -0- -0- 1,000.00 717.78 -0- 1,004.44 -0-' -0- 6,000.00 6,000.00 -0- 9,000.00 -0- -0- 15,000.00 8,942.50 -0- 2,500.00 -0- -0- 1,000.00 -0- -0- 4,000.00 -0- -0- 233 575.00 $ 149,797.75 $ 10,947.72 342,877.40 28,303.37 20,722.54 2,347.33 363 599.94 30 650 70 75,445.81 ?,189.56) Land Purchase - Recreation Park Bicycle Paths Painting Exterior Village Hall Sealing Parking Area Village Hall Trash Clean-up Day Total Streets and :l'ar4cs Expense $ Total Operating Expense Payments to Sinking Fund Total, Expense Revenue Over Expense RH CJ YILLA(~ OF TEQUESTA, FIARIDA SINKING FUND SFPTII~ 1972 Cash on Deposit First Bank ~ Trust Co. Jupiter/Tequesta Certificate of Deposit Reserve Account Reserve for Payment Reserve for Payment RH of Bond Interest of Bond Principal 3,024.11 18,000.00 21J 024.11 17,150.00 1,374.15 2,499,96 21,024,11 • ~J RECEIPTS Cigarette Tax Utility Tax Franchise Tax Revenue Sharing DISBURSEMENTS Sinking Fund Operating Account RH PILLAGE OF TE~F,STA, FIARIDA EXCISE TAX FUND SEPTENtBER 1972 AND YEAR TO DATE (TWELVE MONTHS) SEPTEMBER YEAR TO 1972 DATE $ -0- $ 98,311.63 4,825.92 52,425.65 -0- 34,962.29 10,770.43 32,311.29 $ 15,596.35 $ 218,010.84 $ 2,347.33 $ 19,791.93 13,249.02 198 218.91 $ 15,596.35 $ 218,010.84 -o- -o- ~~ THE FOLLOWING DISBURSEMENTS WERE MADE FROM'VILLAGE OF TEQUESTA FUNDS FOR THE MONTH OF SEPTEMBER 1972: BP Oil Corporation ~eacon News harles Brown A, W. Butterfield Jupiter-Tequesta Community Civic Council First National Bank £~ Trust Co. Jupiter-Tequesta Athletic Association Nichols Sanitation, Inc. Palm Beach County Municipal League South Florida Building Code Petty Cash Florida Power ~ Light Co. Food Fair Stores, Inc. (Refund 0/P License Fee) Kimley-Horn and Associates Palm Beach Post Times R.L. Puck ~ Co. Payroll Robert Harp Apex Texaco Service Halsey ~ Griffith, Inc. I,C. Sales, Inc. (Refund 0/P License Fee) Spencer Corrmiunications, Inc. Xerox Corporation Bank of Palm Beach F~ Trust Co. Winters, Brackett, Lord ~ Held U.S. Postmaster - Tequesta ~ornelius, Johnson £~ Clark, Inc. rockway, Owen F~ Anderson Engineers, Inc. Wilbur Plumbing, Inc. Jim Stewart~s Mens Wear (Refund of 0/P License Sally's Fabrics, Inc. (Refund 0/P License Fee) Raymond James £~ Associates, Inc. (Refund of 0/P Kadeco (Refund of 0/P License Fee) Gilbert T. Brophy Florida Dust Control Service Treasurer - State of Florida Lighthouse Plumbing, Inc. (Refund Permit Fee) Florida Combined Insurance Agency, Inc. National Chemsearch Corporation Fee) License Fee) Publix Supermarkets, Inc.(Refund 0/P License Fee) Jack's American Station Jupiter Union "76" Station Jones Tequesta Pharmacy Moschera's Auto Repair Winters, Brackett, Lord ~ Held (For Sewer Department) Southern Bell The Berg Agency (Refund 0/P License Fee) Loxahatchee Air Conditioning Co. Paul J. Hardy The Gilded Lily (Refund 0/P License Fee) Claire Malone-Tequesta Realty,Inc. (Refund 0/P License Fee) Mr. K Shoes (Refund 0/P License Fee) ~equesta Paint ~ Wall Coverings (Refund 0/P License Fee) erne H. McCabe (Refund 0/P License Fee) 667.82 12.25- 211.20 140.25 150.00 2,055.96 1,000.00- 5,504.40 100.00 5.65; 29.27 615.06 25.00 1,500.00 5.00 28.50 10,118.75 50.00 126.02 49.51 8.87- 15.50 60.00 25,000.00 968.92 113.49 360.00 549.00 24,50 12.50 12.50 125.00 2.50 100.00 3.40 21.00 13.00 706.18 763.21 26.25. 5.00 13.75 1..09 18.55 3,950.00. 136.27 16.25 13.75 1,858,34 6.25 11, 25 6.25 6.25 6.25 equesta Hardware Co. 199.62 ~ix-it Shop 8,50 Ted Brown ~ Nat Orr Appraisals 250.00 Tequesta Tire Co. 169.48 Councilmen Fees 100.00 A]Mar Pools (Refund Permit Fee) 15,00 $ 58,072.31 • ~~ U Salaries: Police Chief Lieutenant Patrol Sergeant Detective PatroLnen Desk Sergeant Deskmen Pap for Extra Work OASI Expense Car Expense Gasoline and Oil Car Insurance Equipment and Uniforms Auxiliary Police Unifornis ~elephone eletype Utilities - Traffic Signals Judges Fee Miscellaneous Expense Traffic Signs New Equipment Traffic Light Installation Civil Def ens e Personnel Training VILLAGE OF TEQUESTA, FLORIDA PUBLIC SAFETY EXPENSE SEPTEMBER 1972 AND YEAR TO DATE (TWELVE MONTHS) YEAR TO BUDGET SEPTEMBER BUDGET DATE BALANCE 1972 $ 11,000.00 $ 10,981.40 $ 18.60 $ 941.66 8,000.00 8,075.00 (75.00) 691.74 7,800.00 ?,875.00 (75.00) 675.00 7,500.00 7,500.00 -0- 625.00 29,000.00 27,475.82 1,524.18 2,858,32 6,000.00 6,022.65 (22.65) 525,00 16,200.00 16,054.47 145.53 1,305.92 1,000.00 320.70 679.30 33.33 4,450.00 4,028.72 421.28 -0- 1,800.00 2,482.84 (682.84) 312.40 3,300.00 3,836.48 (536.48) Z?9.65 1,000.00 1,055.51 (55.51) -0- 1,300.00 1,299.78 .22 -0- 300.00 -0- 300.00 -0- 600.00 634.99 (34.99) 56.47 900.00 108.19 791.81 -0- 1,100.00 440.52 659.48 37.64 1,500.00 1,200.00 300.00 100.00 1,200.00 1,196.88 3.12 35.15 700.00 413.17 286,83 -0- 4,000.00 3,789.15 210,85 -0- 12,000.00 -0- 12,000.00 -0- 300.00 -0- 300.00 -0- 600.00 30.00 570.00 -0- $ 121,550.00 $ 104,821.27 $ 16,728.73 $ 8,47?.28 RH VILLAGE OF TEQUESTA, FLORIDA WATER DEPARTMENT SEPTEMBER 1972 AND YEAR TO DATE (NINE MONTHS) OPERATING REVENUES Water Sales Village of Tequesta (27,861,000 - 256,515,000) Town of Jupiter (4,173,000 - 41,830,000) Jupiter Inlet Colony (3,772,000 - 31,766,000) Other Areas (5,973,000 - 64,036,000) Total Water Sales41,779,000 - 394,I47,OOE1 ,a7, Wstsr snipe ~4 any nnn _ ~_~~_hnt~_nnn Fire Hydrant Other ~~1~riating Revenues OPERATING E%PENSES Pumping. and Storage Exuense Wages Utilities Chemicals Repairs Truck Gasoline and Oil Truck Repair and Expense Small Tools Miscellaneous Total Pwnping and Storage Expense Distribution bcuense Wages Repairs Truck Gasoline and Oil Truck Repairs and Expense Miscellaneous Total Distribution Expense Office and Administrative_Expense Wages OASI Expense Rent Administrative Management Supplies Telephone Employee Insurance Premiers Employee Pension Premiums Financial Consultants Fee Fiscal Agent's Fee Bank Escrow Agents Fee Engineering Service Licenses and Fees Insurance Expense Miscellaneous Expense Legal Fees Equipment SEPTET 19?2 $ 15,520.~~`~ 3, 2~'9.4~ 2,250.43 YEAR TO DATE $ 140,360.48 31,621.14 19,267.62 45.450.63 25,761.98 236,699.87 4,57 47.00 $ 25,766.55 236,746.87 $ 479.16 $ 4,343.92 1,377.41 11,671.71 -0- 914.48 1,277.25 2,470.84 23.08 191.38 ?4.64 284.70 -0- 171.31 38.64 .564.20 $ 3,270.18 $ 20,612.54 $ 1,281.12 $ 13,633.99 (25,00) 732.90 38,90 273,22 99.65 310.90 -0- 97.05 $ 1,3 4.b7 $ 15.048.06 $ 450,00 $ 4,050.00 99.98 1,101,53 250.00 2,250.00 416.66 3,749.94 484,05 2,038.09 24.64 229.36 79.16 695.38 ~- 2, 653, 07 100.00 900.00 .-0- 490.00 -o- -0- 80.00 480.00 25,00 325.00 215.00 1,748.48 239.59 285.0? -0- -0- -0- -0- i Auditing Expense Contingencies Total Office and Ac~uinistrative Expense Total Operating Expense Net Operating Revenue Non-0peratin~ Revenue Connection Charges -Net Frontage Charges Accrued Interest on Invested Funds Total Non-0perating Revenue Net Income Before Debt Service Less Debt Service Requirements SEPTE!ffiER YEAR TD 1932 DATE $ -O- $ I, 325.00 -0- -0- 2,464.08 22,320,92 7 1 8.93 57 981.52 $ 18,637.62 178,765.35 $ 1,286.01 270.1)0 1,100, ~ $ 2 55f;.01 $. 9,698.78 5,351.07 9 t900.00 $ 24,9,9.85 $ 27i~,29~.63 20~,715~~. 20 Interest $ 6,.858.33 $ 61,724.99 Principal 1,666.67 15,000,00 Renewal and Replacement Fund 1,183.33 10,649.97 Certificate Redemption Fund 1,977.91 17,801.19 Paying Agent Expense -0- 186.88 Total Debt Service Requirements $ 11. 866 ;.2~ $ 105.363.06 Net Income $ 9r,,r6i0T~.39 $ 98,3~2.i4 9ILLAGE OF TEQUESTA, FIARIDA WATER DEPARTMENT DISTRIBUTION OF REVENUE FUND SEPTEt~ER 1972 Total Revenues to be Distributed $ 23,390.83 $ 228=227.19 Revenue for Prior Month Distributed to: Sinking Fund $ 8,525.1 $ 76,725.00 Renewal and Replacement Fund 1,183.33 10,649.97 Certificate Redemption Fund 1,977.91 17,801.19 Capital Improvements Reserve Fund 7,Q46.4? 67,498.35 Operation and Maintenance Fund 4,658.15 48,220.33 Village of Tequesta Utility Tax -0- 5,855.68. Town of Jupiter Utility Tax -0- 1,382.29 Refund of Overpayments -0- .64.38 Paid to Meter Deposits Fund -0- 30,00 $ 23 , 390 6 $ 228,E 22719 VILLAGE OF TEQUESTA, FLORIDA WATER DEPARTMENT C9SH SUMMARY SEPTE~ffiER 1972 Cash on Deposit - First National Bank ~ Trust Company Revenue ~md Operation and Maintenance Fund Meter Deposits Fund Certificates of Deposit -Meter Deposits Fund Certificates of Deposit - Reserve Account Cash on Deposit - Bank of Palm Beach and Trust Company Sinking Fund Reserve Account Renewal and Replacement Fund Certificate Redemption Fund Capital Improvements Reserve Fund Certificates of Deposit Sinking Fund Renewal and Replace~ttt Fund Certificate Red~ptiox~ Fund Capital Improvements Reserve Fund Pettg Cash $ .30,429.01 11,679.34 2.29b.39 $ 44,404.74 37, 000.0(1 103.,000.00 $ 184,404,74 $ 142.fl6 920.85 851.10 447,85 1.208.84 3,570.70 38,000.00 40,00p.00 63,000.00 121,000.00 2b5,S70.?0 10.00 $ 450, 075.44. ,~., VILLAGE OF TEQUESTA, FLORIDA SEWER DEPARTMENT SEPTEMBER 1972 AND YEAR TO DATE (NINE MONTHS) SEPTEMBER YEAR TO INCOME 1972 DATE Sewage Charges $ 458.90 $ 49,694,53 Miscellaneous Income 11.62 91.34 Connection Charges 2,900.00 6,700.00 TOTAL INCOME $ 3,370.52 $ 56,485.87 EXPENSE Treatment Expense Wages $ 1,318.78 $ 11,698,41 Utilities 700.00 5,366.36 Chemicals 345.88 1,729.78 Repairs 293.26 3,239.12 Truck Gasoline and Oil 5.68 89.79 Truck Repair and. Expense 241.76 338,46 Small Tools 51.51 353.9C- Miscellaneous Expense 114,34 870,67 Contract Supervision 600.00 6,050.00 Contract Laboratory Services 584.00 6,486,00 Equipment -0- 1,667.09 Total Treatment Expense $ 4,255.21 $ 37,889.58 Collection System Expense Repairs $ 4.23 $ 532.73 Office and Administrative Expense OASI Expense $ 68.58 $ 588.15 Supplies -0- 91.38 Postage 4.96 164.13 Telephone 18.90 204.77 Employees Hospitalization Insurance Premi~ns -29,54 147.70 Engineering Service 30.00 6,571.16 Licenses and Fees -O- 125.00 Insurance Expense 72.00 568.00 Miscellaneous Expense -O- 16.38 Dues -0- 25.00 Total Office and. Administrative Expense $ 223.98 $ 8,501.6? TOTAL OPERATIl3G EXPENSE $ 4,483.42 $ 46, 923.98 $ (1,112.90) $ 9,561.89 Less Interest Expense 305.6? 1.222.71 INCOME OVER EXPENSE $ (1.418.57) $ 8,339.18 CASH ON HAND SEPTEMBER 30, 1972 Due to Village of Tequesta -Legal Services Accounts Payable Payroll Taxes Payable Debt Service - (Four Months) Payable Interest Principal $ 3,950.00 623.50 543.54 1,222.71 2 500.00 $ 8,839.75 $ 8,219.19