Page 168 - FortWorthFY22AdoptedBudget

Debt Service Fund

Municipal Parking Debt Service

FUND SUMMARY

FY2020 FY2021 FY2021 FY2022 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Use of Money & Property 25,032 - - - - 0.00%
Transfer In 3,207,760 2,976,525 2,976,525 2,976,525 - 0.00%
Revenue $ 3,232,792 $ 2,976,525 $ 2,976,525 $ 2,976,525 $ - 0.00%

Debt Service Accts 3,207,750 2,976,525 2,976,525 2,976,525 - 0.00%
Expenses $ 3,207,750 $ 2,976,525 $ 2,976,525 $ 2,976,525 $ - 0.00%

FUND PURPOSE AND GOALS
The Municipal Parking Debt Service Fund is used to finance upgrades, repairs, and construction of city parking
facilities. For the current year, parking revenues will not be sufficient to cover the debt, therefore general debt
service will be supporting coverage of the obligation. This will be executed by a transfer in of funds from the
General Debt Service Fund.

The following chart provides principal and interest by series 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
$ 1,760,000 $ 1,215,650 $ 2,975,650
2016 General Purpose Ref 1,760,000 1,215,650 2,975,650

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