Page 172 - FortWorthFY22AdoptedBudget

Debt Service Fund

Water Prior Lien Debt Service

FUND SUMMARY

FY2020 FY2021 FY2021 FY2022 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Use of Money & Property 5,861,769 50,000 50,000 - (50,000) -100.00%
Transfer In 141,762,632 99,288,233 168,490,407 97,221,066 (2,067,167) -2.08%
Use of Fund Balance - - 21,024,636 - - 0.00%
Revenue $147,624,402 $ 99,338,233 $189,565,043 $ 97,221,066 $(2,117,167) -2.13%

Debt Service Accts 151,173,854 95,367,134 189,565,043 96,536,154 1,169,020 1.23%
Transfer Out & Other - 3,971,099 - 684,912 (3,286,187) -82.75%
Expenses $151,173,854 $ 99,338,233 $189,565,043 $ 97,221,066 $(2,117,167) -2.13%

FUND PURPOSE AND GOALS
Water & Sewer Prior Lien Debt Service Fund uses revenue debt to fund projects which update, upgrade, or
improve the city’s current water and sewer system. It also includes long-range development and planning of the
systems.

The city’s Water & Sewer Enterprise System has outstanding debt service obligations for previously issued water-
related debt. Issues include water & sewer revenue bonds and loans from the Texas Water Development Board's
State Revolving Loan Fund. The Water & Sewer Operating Fund collects fees for its services to support ongoing
operations and its outstanding debt service obligations.

The following chart shows principal and interest by series for each bond issuance with a payment due in FY2022.
An additional minimal amount is included in debt service accounts that do not show below. This is due to external
requirements in addition to budgetary needs.

FY2022 Principal Interest Total Debt Service
$ 63,715,000 $ 32,821,152 $ 96,536,152
2009 W&SS Revenue Bonds 815,000 - 815,000
2012 Water and Sewer Ref 3,065,000 477,625 3,542,625
2014 W&SS Ref and Imp 5,655,000 4,800,925 10,455,925
2015 W&SS Rev 1,855,000 439,179 2,294,179
2015A W&S Ref and Imp 9,100,000 4,249,044 13,349,044
2015B W&SS Rev 850,000 133,059 983,059
2016 W&SS Ref and Imp 4,425,000 2,327,025 6,752,025
2017 W&SS Rev 475,000 186,449 661,449
2017A W&SS Rev Ref Imp 775,000 3,610,650 4,385,650
2017B W&SS Rev 4,060,000 673,447 4,733,447
2018 W&SS Rev 890,000 1,844,994 2,734,994
2019 W&SS Rev 1,665,000 3,456,369 5,121,369
2020 W&SS Rev 3,115,000 111,562 3,226,562
2020A W&SS Rev Ref Imp 10,235,000 5,760,150 15,995,150
2021 W&SS Rev Ref Imp 16,735,000 4,750,677 21,485,677

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