Page 171 - FortWorthFY22AdoptedBudget

Debt Service Fund

Stormwater Debt Service

FUND SUMMARY

FY2020 FY2021 FY2021 FY2022 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Use of Money & Property 804,130 - - - - 0.00%
Transfer In 8,910,580 11,196,552 68,196,552 7,727,896 (3,468,656) -44.88%
Use of Fund Balance - - - 1,771,999 1,771,999 100.00%
Revenue $ 9,714,710 $ 11,196,552 $ 68,196,552 $ 9,499,895 $(1,696,657) -15.15%

Debt Service Accts 8,794,925 8,799,726 66,414,726 9,499,895 700,169 7.96%
Transfer Out & Other - 2,396,826 1,781,826 - (2,396,826) -100.00%
Expenses $ 8,794,925 $ 11,196,552 $ 68,196,552 $ 9,499,895 $(1,696,657) -15.15%

FUND PURPOSE AND GOALS
The Stormwater Debt Service Fund is used to fund projects which update, upgrade, or improve the city’s current
storm water system. It also includes long-range development planning of the system.

The following chart provides principal and interest by series for each debt 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
$ 5,000,000 $ 4,497,494 $ 9,497,494
2016 Drainage Rev 945,000 486,775 1,431,775
2019 Drainage Rev Ref 1,425,000 1,051,431 2,476,431
2020 Drainage Rev Ref 2,630,000 2,959,288 5,589,288

Page 171 of 581