Page 170 - Fort Worth City Budget 2019

Debt Service Fund

Water Prior Lien Debt Service

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 665,315 - - - - 0.00%
Transfer In 113,669,316 90,214,837 105,214,837 87,449,177 (2,765,660) -3.07%
Revenue $114,334,630 $ 90,214,837 $105,214,837 $ 87,449,177 $ (2,765,660) -3.07%

Debt Service Accts 107,038,757 90,214,837 90,214,837 85,779,879 (4,434,958) -4.92%
Transfer Out & Other 4,110,183 - 15,000,000 1,669,298 1,669,298 0.00%
Expenses $111,148,940 $ 90,214,837 $105,214,837 $ 87,449,177 $ (2,765,660) -3.07%

FUND PURPOSE AND GOALS

Water & Sewer Prior Lien Debt Service Fund uses revenue debt to fund projects which update, upgrade, or
improve the city’s current water and sewer system. It also includes long range development and planning of the
systems.

In addition to the outstanding general obligation debt, the city’s Water & Sewer Enterprise System has outstanding
debt service obligations for previously issued water-related debt. Issues include water & sewer revenue bonds
and loans from the Texas Water Development Board's State Revolving Loan Fund. The Water & Sewer Operating
Fund collects fees for its services to support ongoing operation and its outstanding debt service obligations.

The following chart shows principal and interest by series for each bond issuance with a payment due in FY2019.

FY2019 Principal Interest Total
$ 55,415,000 $ 30,364,879 $ 85,779,879
Series 2009 WSSR DWSRF 815,000 - 815,000
Series 2010 WSSR Ref 8,040,000 396,675 8,436,675
Series 2010A WSSR DWSRF 1,890,000 544,678 2,434,678
Series 2010B WSSR CWSRF 1,315,000 408,900 1,723,900
Series 2010C WSSR Rev 2,020,000 1,331,838 3,351,838
Series 2011 W&SS Ref & Imp 8,605,000 4,856,625 13,461,625
Series 2012 W&SS Ref 2,665,000 877,225 3,542,225
Series 2014 W&SS Ref & Imp 6,075,000 5,682,675 11,757,675
Series 2015 W&SS Rev, TWDB 1,835,000 465,116 2,300,116
Series 2015A W&SS Rev, Ref and Imp 7,950,000 5,197,044 13,147,044
Series 2015B W&SS Rev, TWDB 825,000 156,664 981,664
Series 2016 W&SS Rev, Ref and Imp 3,810,000 2,943,900 6,753,900
Series 2017 W&SS Rev 475,000 186,663 661,663
Series 2017A W&SS Rev, Ref and Imp 4,605,000 4,327,650 8,932,650
Series 2017B W&SS Rev 3,980,000 763,085 4,743,085
Series 2018 W&S Rev 510,000 2,226,143 2,736,143

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