Page 313 - Fort Worth City Budget 2019

SECTION 3. DEBT SERVICE FUNDS

Debt service funds are used to account for the accumulation of resources for, and the payment
of, principal and interest on outstanding debt obligations as shown below.

The General Debt Service Fund is a debt service fund utilized to manage revenues from the debt-
rate tax and other resources and used to pay principal and interest on and to create a sinking fund for

outstanding general indebtedness of the City.

REVENUES
Property Tax $98,775,882
Use of Money and Property $2,706,156
Transfer from CCPD $2,886,707
$104,368,745

EXPENDITURES
Financial Management Services $102,984,951
Contribution to Fund Balance/Net Position $1,383,794
$104,368,745

The Culture and Tourism Debt Service Fund (General) is a debt service fund utilized to manage

hotel occupancy tax revenues and other resources allocated to pay principal and interest on and create a

sinking fund for outstanding debt related to improvements at the Convention Center and Will Rogers.

REVENUES
Use of Money and Property $275,300
Transfer from Culture and Tourism $343,372
Transfer from Culture and Tourism 2% Hotel $3,693,550
Transfer from DFW Revenue Share $3,022,359
$7,334,581

EXPENDITURES
Financial Management Services $7,059,281
Contribution to Fund Balance/Net Position $275,300
$7,334,581

Ordinance No. 23392-09-2018 (Section 3. Debt Service Funds)

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