Page 166 - FortWorthFY22AdoptedBudget

Debt Service Fund

Culture and Tourism Debt Service

FUND SUMMARY

FY2020 FY2021 FY2021 FY2022 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Use of Money & Property 793,051 300,000 300,000 - (300,000) -100.00%
Transfer In 29,542,101 6,695,447 10,131,798 4,988,858 (1,706,589) -25.49%
Use of Fund Balance - - 3,766,849 - - 0.00%
Revenue $ 30,335,152 $ 6,995,447 $ 14,198,647 $ 4,988,858 $(2,006,589) -28.68%

Debt Service Accts 29,462,981 6,698,647 14,198,647 4,988,858 (1,709,789) -25.52%
Transfer Out & Other 3,877,121 296,800 - - (296,800) -100.00%
Expenses $ 33,340,102 $ 6,995,447 $ 14,198,647 $ 4,988,858 $(2,006,589) -28.68%

FUND PURPOSE AND GOALS
The Culture & Tourism debt service fund is used to finance upgrades, updates, and construction projects to city-
owned facilities that would add to the tourist attractions in the City of Fort Worth. Examples include the
Convention Center and the Will Rogers Memorial Coliseum.

The following chart provides the principal and interest for each bond issuance that has a payment due in FY2022.
Handling charges are included separately from principal and interest depicted in the chart.

FY2022 Principal Interest Total Debt Service
$ 3,870,000 $ 1,118,858 $ 4,988,858
2013 General Purpose Ref 1,865,000 37,300 1,902,300
2013B Combination Tax 490,000 28,955 518,955
2015A General Purpose Ref - 177,250 177,250
2020 General Purpose Ref & Imp 1,395,000 767,600 2,162,600
2021 Gen Purpose Ref (Taxable) 120,000 107,753 227,753

Page 166 of 581