Page 171 - Fort Worth City Budget 2019

Debt Service Fund

Water Sub Lien Debt Service

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property (9,460) - - - - 0.00%
Transfer In 7,786,054 5,569,347 5,569,347 5,628,655 59,308 1.06%
Revenue $ 7,776,594 $ 5,569,347 $ 5,569,347 $ 5,628,655 $ 59,308 1.06%

Debt Service Accts 5,956,115 5,569,347 5,569,347 5,570,355 1,008 0.02%
Transfer Out & Other - - - 58,300 58,300 0.00%
Expenses $ 5,956,115 $ 5,569,347 $ 5,569,347 $ 5,628,655 $ 59,308 1.06%

FUND PURPOSE AND GOALS

In addition to the outstanding general obligation debt, the Water & Sewer Prior Lien Debt Service Fund includes
state revolving loan debt used to fund projects which update, upgrade, or improve the city’s current water &
sewer system. It also includes long range development and planning of the systems. This debt works in
conjunction with the city’s other water & sewer debt in that they are subordinate liens to the primary water &
sewer system debt.

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

FY2019 Principal Interest Total
$ 4,425,000 $ 1,145,355 $ 5,570,355
Series 2007A WSS SRLF $ 1,780,000 $ 409,420 $ 2,189,420
Series 2007B WSS SRLF $ 2,645,000 $ 735,935 $ 3,380,935

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