Page 299 - Keller FY20 Approved Budget

DEBT SERVICE FUNDS

The debt service funds provide funding for the city’s debt payments. For the
City of Keller, the funds considered to be Debt Service Funds are the Debt
fund, which is supported by property taxes, and Tax Increment Reinvestment
Zone (TIRZ) Fund which is supported by property taxes within the TIRZ.
Included in the section is a summary of legal debt margin, summary of each
fund, details on the adopted year’s payment, and summary of outstanding
debt payments for the Debt Service Fund, TIRZ Fund, and City-Wide overall
payments.

Note: Outstanding payments for debt supported by the Water and Wastewater Fund,
Keller Development Corporation, and Keller Crime Control and Prevention District can be
found in their respective fund section of the budget.

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