Page 164 - Fort Worth City Budget 2019

Debt Service Fund

Culture and Tourism Debt Service

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 90,873 75,300 75,300 275,300 200,000 265.60%
Transfer In 4,996,943 7,051,988 7,051,988 7,059,281 7,293 0.10%
Revenue $ 5,087,816 $ 7,127,288 $ 7,127,288 $ 7,334,581 $ 207,293 2.91%

Debt Service Accts 7,413,682 7,051,988 7,051,988 7,059,281 7,293 0.10%
Transfer Out & Other - 75,300 75,300 275,300 200,000 265.60%
Expenses $ 7,413,682 $ 7,127,288 $ 7,127,288 $ 7,334,581 $ 207,293 2.91%

FUND PURPOSE AND GOALS

The Culture & Tourism debt service fund is used to finance upgrades, updates, and construction projects to city
owned facilities that will add to the tourism attractions in the City of Fort Worth. Examples include the Convention
Center and the Will Rogers Memorial Coliseum.

Interest Earnings increase for FY2019 and were previously included in the operating Culture & Tourism Fund. This
results in an increase in transfer out and other as a contribution to fund balance.

The following chart provides the principal and interest for each bond issuance that has a payment due in FY2019.

FY2019 Principal Interest Total
$ 5,095,000 $ 1,964,281 $ 7,059,281
Series 2010 CO 1,535,000 991,395 2,526,395
Series 2013 GO 3,115,000 401,300 3,516,300
Series 2013B CO 445,000 394,336 839,336
Series 2015A GO - 177,250 177,250

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