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DEBT SERVICE FUND
FY 2022 Operating Position

Actual Budgeted Estimated Adopted
FY 2020 FY 2021 FY 2021 FY 2022

BEGINNING BALANCE $ 3,566,517 $ 3,113,354 $ 2,935,008 $ 3,824,256

REVENUES:
Ad Valorem Taxes $ 48,990,786 $ 60,977,493 $ 61,038,470 $ 63,417,625
Premium / Proceeds 958,672 350,000 401,177 800,000
Interest and Miscellaneous Revenue 585,925 253,337 235,090 176,525
TOTAL REVENUES $ 50,535,383 $ 61,580,830 $ 61,674,737 $ 64,394,150

INTERFUND TRANSFERS:
From Grant Funds ‐ TMRS Reimbursement $ ‐ $ 168,815 $ 168,815 $ 168,815
From Operating Funds ‐ TMRS Reimbursement ‐ 1,367,509 1,367,509 1,367,509
TOTAL INTERFUND TRANSFERS $ ‐ $ 1,536,324 $ 1,536,324 $ 1,536,324

TOTAL AVAILABLE FUNDS $ 54,101,900 $ 66,230,508 $ 66,146,069 $ 69,754,730

EXPENDITURES:
Principal / Interest Payments $ 49,925,532 $ 62,154,672 $ 62,144,551 $ 65,131,528
Issuance Fees 1,450,558 613,000 519,664 1,475,000
Premium/Proceeds Offset (958,672) ‐ (401,177) ‐
Premium/Proceeds Offset ‐ ‐ ‐ ‐
Agent Fees 58,775 48,000 58,775 61,250
TOTAL EXPENDITURES $ 50,476,193 $ 62,815,672 $ 62,321,813 $ 66,667,778

ENDING BALANCE $ 3,625,707 $ 3,414,836 $ 3,824,256 $ 3,086,952

FY 2022 Adopted Budget and Business Plan 276 City of Arlington, Texas