Page 165 - Fort Worth City Budget 2019

Debt Service Fund

Venue Debt Service

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 94,222 - - - - 0.00%
Transfer In 18,254,778 961,341 961,341 3,097,706 2,136,365 222.23%
Use of Fund Balance - 10,495,230 10,364,932 7,008,817 (3,486,413) -33.22%
Revenue $ 18,349,000 $ 11,456,571 $ 11,326,273 $ 10,106,523 $ (1,350,048) -11.78%

Debt Service Accts - 11,326,273 11,326,273 10,106,523 (1,219,750) -10.77%
Transfer Out & Other - 130,298 - - (130,298) -100.00%
Expenses $ - $ 11,456,571 $ 11,326,273 $ 10,106,523 $ (1,350,048) -11.78%

FUND PURPOSE AND GOALS

The Venue Debt Service Fund is used to provide funds for Dickies Arena and associated facilities that will add to
the tourism attractions in the City of Fort Worth, by servicing the city’s portion of debt associated with these
facilities.

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

FY2019 Principal Interest Total
$ 435,000 $ 9,671,523 $ 10,106,523
Series 2017A - 4,211,606 4,211,606
Series 2017B 435,000 5,459,917 5,894,917

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